https://www.taxtmi.com/caselaws?id=294406 The appeals filed by both the Revenue and the Assessee against the Commissioner of Income-tax(Appeals) at Tiruchirapalli were dismissed. The Revenue's claim regarding depreciation was rejected based on legal precedents, while the Assessee's grounds against the reopening of assessments were also dismissed. The Tribunal upheld the Commissioner's decision in favor of the Assessee, emphasizing the significance of legal consistency in tax assessments under section 148 of the Income-tax Act, 1961. en-us Tue, 06 Aug 2013 00:00:00 +0530 Mon, 12 Apr 2021 15:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294406 The appeals filed by both the Revenue and the Assessee against the Commissioner of Income-tax(Appeals) at Tiruchirapalli were dismissed. The Revenue's claim regarding depreciation was rejected based on legal precedents, while the Assessee's grounds against the reopening of assessments were also dismissed. The Tribunal upheld the Commissioner's decision in favor of the Assessee, emphasizing the significance of legal consistency in tax assessments under section 148 of the Income-tax Act, 1961. Case-Laws Income Tax Tue, 06 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294406