https://www.taxtmi.com/caselaws?id=405065 The appeal by the charitable trust against the CIT(A)'s order disallowing depreciation on fixed assets was remanded by the Tribunal to the AO for fresh consideration. The Tribunal emphasized the need for proper verification and allowed the assessee to provide additional evidence. It was noted that the assessee had not been given a fair opportunity to be heard before the CIT(A) due to the COVID-19 pandemic circumstances. The Tribunal directed a reevaluation of the evidence on the cost of acquisition of assets and allowed the appeal for statistical purposes. en-us Wed, 10 Feb 2021 00:00:00 +0530 Thu, 11 Mar 2021 09:14:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405065 The appeal by the charitable trust against the CIT(A)'s order disallowing depreciation on fixed assets was remanded by the Tribunal to the AO for fresh consideration. The Tribunal emphasized the need for proper verification and allowed the assessee to provide additional evidence. It was noted that the assessee had not been given a fair opportunity to be heard before the CIT(A) due to the COVID-19 pandemic circumstances. The Tribunal directed a reevaluation of the evidence on the cost of acquisition of assets and allowed the appeal for statistical purposes. Case-Laws Income Tax Wed, 10 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405065