https://www.taxtmi.com/caselaws?id=416682 The Tribunal allowed the appeals for AY 2014-15 and AY 2015-16 for statistical purposes, directing the AO to re-examine the disallowance of depreciation and treatment of excise duty refund in line with previous orders. The matters were restored to the AO for fresh adjudication, emphasizing consideration of judicial precedents like the Supreme Court's ruling in Meghalaya Steels Ltd. and ITAT's decision in Abhisar Buildwell Pvt. Ltd. The assessee is to be given a fair opportunity to present their case for a proper determination of depreciation and excise duty refund treatment. en-us Tue, 14 Dec 2021 00:00:00 +0530 Tue, 04 Jan 2022 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416682 The Tribunal allowed the appeals for AY 2014-15 and AY 2015-16 for statistical purposes, directing the AO to re-examine the disallowance of depreciation and treatment of excise duty refund in line with previous orders. The matters were restored to the AO for fresh adjudication, emphasizing consideration of judicial precedents like the Supreme Court's ruling in Meghalaya Steels Ltd. and ITAT's decision in Abhisar Buildwell Pvt. Ltd. The assessee is to be given a fair opportunity to present their case for a proper determination of depreciation and excise duty refund treatment. Case-Laws Income Tax Tue, 14 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416682