https://www.taxtmi.com/caselaws?id=286724 The Tribunal remanded the issue of depreciation on the revalued trademark back to CIT (A) for a detailed examination, emphasizing the need for complete records and expert assessments. The interconnected issues in multiple appeals were resolved in favor of the assessee for statistical purposes, allowing all 10 appeals. The decision underscored the importance of procedural compliance and thorough evaluation in determining the allowability of depreciation on revalued assets under the Income Tax Act. en-us Fri, 11 Dec 2015 00:00:00 +0530 Fri, 13 Mar 2020 10:14:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286724 The Tribunal remanded the issue of depreciation on the revalued trademark back to CIT (A) for a detailed examination, emphasizing the need for complete records and expert assessments. The interconnected issues in multiple appeals were resolved in favor of the assessee for statistical purposes, allowing all 10 appeals. The decision underscored the importance of procedural compliance and thorough evaluation in determining the allowability of depreciation on revalued assets under the Income Tax Act. Case-Laws Income Tax Fri, 11 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286724