https://www.taxtmi.com/caselaws?id=290776 The HC ruled in favor of the assessee, upholding the ITAT's decision to allow depreciation on the opening WDV and abate assessment proceedings under section 153A of the Income Tax Act, 1961. The Court emphasized the necessity of incriminating material found during a search for making additions or disallowances, aligning with precedent. en-us Fri, 22 Jul 2016 00:00:00 +0530 Wed, 13 Nov 2024 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290776 The HC ruled in favor of the assessee, upholding the ITAT's decision to allow depreciation on the opening WDV and abate assessment proceedings under section 153A of the Income Tax Act, 1961. The Court emphasized the necessity of incriminating material found during a search for making additions or disallowances, aligning with precedent. Case-Laws Income Tax Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290776