https://www.taxtmi.com/caselaws?id=399425 The ITAT Kolkata partially allowed the appeal, directing the deletion of Rs. 13,23,621 out of the total disallowed depreciation amount of Rs. 14,33,621 due to discrepancies in purchase bills. The ITAT considered the impact of the Covid-19 pandemic on the delay in pronouncing the order and agreed with the parties to disallow a minimum of Rs. 1,00,000 for miscellaneous deficiencies. The decision was influenced by a similar case at the Mumbai Tribunal, ultimately ruling in favor of the assessee by deleting a portion of the disallowed depreciation amount. en-us Wed, 17 Jun 2020 00:00:00 +0530 Sat, 10 Oct 2020 13:57:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399425 The ITAT Kolkata partially allowed the appeal, directing the deletion of Rs. 13,23,621 out of the total disallowed depreciation amount of Rs. 14,33,621 due to discrepancies in purchase bills. The ITAT considered the impact of the Covid-19 pandemic on the delay in pronouncing the order and agreed with the parties to disallow a minimum of Rs. 1,00,000 for miscellaneous deficiencies. The decision was influenced by a similar case at the Mumbai Tribunal, ultimately ruling in favor of the assessee by deleting a portion of the disallowed depreciation amount. Case-Laws Income Tax Wed, 17 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399425