https://www.taxtmi.com/caselaws?id=392620 The High Court ruled in favor of the appellant, allowing depreciation calculation as per Income Tax Rules and remanding the matter for proper computation of income under Section 115J. The judgment emphasized the limited scope of the Assessing Officer's power in assessing income under the Income Tax Act, following precedents that supported the appellant's position. en-us Wed, 05 Feb 2020 00:00:00 +0530 Tue, 25 Feb 2020 05:49:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392620 The High Court ruled in favor of the appellant, allowing depreciation calculation as per Income Tax Rules and remanding the matter for proper computation of income under Section 115J. The judgment emphasized the limited scope of the Assessing Officer's power in assessing income under the Income Tax Act, following precedents that supported the appellant's position. Case-Laws Income Tax Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392620