https://www.taxtmi.com/caselaws?id=22906 The High Court ruled against the Revenue, directing the matter to be remitted for reassessment with specific instructions to provide the assessee an opportunity to present arguments on the depreciation claimed. The Court emphasized procedural fairness and adherence to natural justice principles, setting aside the Tribunal's order on the reduction in depreciation. The judgment underscored the importance of allowing taxpayers a reasonable opportunity to present their case before adverse decisions in tax assessments, particularly in cases involving alterations to claimed allowances without proper consideration of the assessee's objections. en-us Thu, 22 Nov 1990 00:00:00 +0530 Tue, 15 Dec 2009 12:38:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22906 The High Court ruled against the Revenue, directing the matter to be remitted for reassessment with specific instructions to provide the assessee an opportunity to present arguments on the depreciation claimed. The Court emphasized procedural fairness and adherence to natural justice principles, setting aside the Tribunal's order on the reduction in depreciation. The judgment underscored the importance of allowing taxpayers a reasonable opportunity to present their case before adverse decisions in tax assessments, particularly in cases involving alterations to claimed allowances without proper consideration of the assessee's objections. Case-Laws Income Tax Thu, 22 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22906