https://www.taxtmi.com/caselaws?id=286537 The High Court upheld the Tribunal's decisions regarding the disallowance of depreciation under Section 32 and the addition under Section 41(1) for the cessation of liability. The judgment emphasized the importance of business continuity and proper accounting treatment in determining tax liabilities under the Income Tax Act. en-us Tue, 17 Jul 2018 00:00:00 +0530 Tue, 03 Mar 2020 10:22:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286537 The High Court upheld the Tribunal's decisions regarding the disallowance of depreciation under Section 32 and the addition under Section 41(1) for the cessation of liability. The judgment emphasized the importance of business continuity and proper accounting treatment in determining tax liabilities under the Income Tax Act. Case-Laws Income Tax Tue, 17 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286537