https://www.taxtmi.com/caselaws?id=390997 The Tribunal upheld the CIT(A)'s decisions on various issues, including granting relief on depreciation, allowing depreciation on assets with nil acquisition cost, exempting capital gains on the sale of cars, permitting administrative and establishment expenses, approving the set off of earlier losses, and allowing losses from school bus and hostel services. The Tribunal found the CIT(A)'s rulings in line with judicial precedents and the Income Tax Act, dismissing the revenue's appeal. en-us Fri, 10 Jan 2020 00:00:00 +0530 Thu, 16 Jan 2020 18:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390997 The Tribunal upheld the CIT(A)'s decisions on various issues, including granting relief on depreciation, allowing depreciation on assets with nil acquisition cost, exempting capital gains on the sale of cars, permitting administrative and establishment expenses, approving the set off of earlier losses, and allowing losses from school bus and hostel services. The Tribunal found the CIT(A)'s rulings in line with judicial precedents and the Income Tax Act, dismissing the revenue's appeal. Case-Laws Income Tax Fri, 10 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390997