https://www.taxtmi.com/caselaws?id=292496 The High Court dismissed the appeal challenging the order of the Income Tax Appellate Tribunal, which allowed depreciation on assets acquired from Tata Motors Ltd. The Court relied on a previous ruling in a similar case and concluded that the issue was settled against the Revenue. The appeal was dismissed without costs awarded. Similarly, the Court dismissed the second issue regarding the correct application of provisions for allowing depreciation on assets acquired from Tata Motors Ltd, citing the previous ruling that had already addressed and settled the matter. en-us Mon, 23 Feb 2015 00:00:00 +0530 Sat, 26 Dec 2020 10:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292496 The High Court dismissed the appeal challenging the order of the Income Tax Appellate Tribunal, which allowed depreciation on assets acquired from Tata Motors Ltd. The Court relied on a previous ruling in a similar case and concluded that the issue was settled against the Revenue. The appeal was dismissed without costs awarded. Similarly, the Court dismissed the second issue regarding the correct application of provisions for allowing depreciation on assets acquired from Tata Motors Ltd, citing the previous ruling that had already addressed and settled the matter. Case-Laws Income Tax Mon, 23 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292496