https://www.taxtmi.com/caselaws?id=26002 The High Court affirmed the Tribunal's decision to allow the assessee's new ground regarding the treatment of sale proceeds from old machinery, leading to the deletion of the addition in the income tax assessment. The Court also referred the matter back to the Tribunal for further clarification on the written down value of the machinery, if needed, based on a related judgment involving the same assessee. en-us Thu, 24 Apr 1986 00:00:00 +0530 Tue, 02 Feb 2010 11:58:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26002 The High Court affirmed the Tribunal's decision to allow the assessee's new ground regarding the treatment of sale proceeds from old machinery, leading to the deletion of the addition in the income tax assessment. The Court also referred the matter back to the Tribunal for further clarification on the written down value of the machinery, if needed, based on a related judgment involving the same assessee. Case-Laws Income Tax Thu, 24 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26002