https://www.taxtmi.com/caselaws?id=288897 The Tribunal upheld the CIT(A)'s decision regarding the allowability of depreciation on estimated profit and the treatment of interest income from fixed deposits. The Revenue's appeal was dismissed, and the Tribunal directed the AO to allow the correct depreciation based on the assessee's particulars and treat the interest accrued on fixed deposits as business income. The judgment was pronounced on March 31, 2010. en-us Wed, 31 Mar 2010 00:00:00 +0530 Sat, 04 Jul 2020 15:12:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288897 The Tribunal upheld the CIT(A)'s decision regarding the allowability of depreciation on estimated profit and the treatment of interest income from fixed deposits. The Revenue's appeal was dismissed, and the Tribunal directed the AO to allow the correct depreciation based on the assessee's particulars and treat the interest accrued on fixed deposits as business income. The judgment was pronounced on March 31, 2010. Case-Laws Income Tax Wed, 31 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288897