https://www.taxtmi.com/caselaws?id=26804 The High Court upheld the decisions of the lower authorities, ruling in favor of the assessee for the assessment years 1966-67 and 1969-70. The Court held that since the business had been set up, depreciation and business expenses should be allowed, following legal precedents and emphasizing the establishment of the business. The Court's decision aligned with previous rulings, allowing the claims for depreciation and expenses incurred in setting up the business. en-us Thu, 30 Jan 1986 00:00:00 +0530 Mon, 08 Feb 2010 15:34:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26804 The High Court upheld the decisions of the lower authorities, ruling in favor of the assessee for the assessment years 1966-67 and 1969-70. The Court held that since the business had been set up, depreciation and business expenses should be allowed, following legal precedents and emphasizing the establishment of the business. The Court's decision aligned with previous rulings, allowing the claims for depreciation and expenses incurred in setting up the business. Case-Laws Income Tax Thu, 30 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26804