https://www.taxtmi.com/caselaws?id=398798 The Tribunal partly allowed the assessee's appeal. Regarding the loss incurred on precious metal, the Tribunal directed the AO to amortize the abnormal loss over two years. For the expenses incurred on road repair, the Tribunal upheld the capital nature of the expenses but directed the AO to allow depreciation on the cost of constructing the road. en-us Tue, 15 Sep 2020 00:00:00 +0530 Thu, 24 Sep 2020 11:42:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398798 The Tribunal partly allowed the assessee's appeal. Regarding the loss incurred on precious metal, the Tribunal directed the AO to amortize the abnormal loss over two years. For the expenses incurred on road repair, the Tribunal upheld the capital nature of the expenses but directed the AO to allow depreciation on the cost of constructing the road. Case-Laws Income Tax Tue, 15 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398798