https://www.taxtmi.com/caselaws?id=403774 The court upheld the decision to dismiss the revenue's appeals regarding the disallowance of depreciation on the machinery purchased from M/s. Galaxy Corporation. The Learned Commissioner of Income Tax (Appeals) had deleted the disallowance after finding the reasons provided by the assessee valid. The court determined that there was no error in deleting the disallowance, leading to the dismissal of the revenue's appeals for both assessment years 2010-11 and 2011-12. en-us Thu, 21 Jan 2021 00:00:00 +0530 Mon, 08 Feb 2021 14:34:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403774 The court upheld the decision to dismiss the revenue's appeals regarding the disallowance of depreciation on the machinery purchased from M/s. Galaxy Corporation. The Learned Commissioner of Income Tax (Appeals) had deleted the disallowance after finding the reasons provided by the assessee valid. The court determined that there was no error in deleting the disallowance, leading to the dismissal of the revenue's appeals for both assessment years 2010-11 and 2011-12. Case-Laws Income Tax Thu, 21 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403774