https://www.taxtmi.com/caselaws?id=391225 The Tribunal allowed all four appeals filed by the Assessee, directing the AO to reconsider the depreciation claim on tangible assets based on proper verification of purchase bills, payments, and valuation reports, and to grant the Assessee an opportunity for cross-examination of statements recorded during the survey. The issues related to the levy of interest and initiation of penalty were deemed consequential and not separately adjudicated. en-us Mon, 25 Nov 2019 00:00:00 +0530 Thu, 23 Jan 2020 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391225 The Tribunal allowed all four appeals filed by the Assessee, directing the AO to reconsider the depreciation claim on tangible assets based on proper verification of purchase bills, payments, and valuation reports, and to grant the Assessee an opportunity for cross-examination of statements recorded during the survey. The issues related to the levy of interest and initiation of penalty were deemed consequential and not separately adjudicated. Case-Laws Income Tax Mon, 25 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391225