https://www.taxtmi.com/caselaws?id=417360 The Tribunal allowed the Assessee's appeal against the disallowance of depreciation amounting to Rs. 40,77,012. The Tribunal held that the disallowance made in the intimation under section 143(1) was not justified for debatable issues. It directed the Assessing Officer to delete the addition made, emphasizing that the depreciation claimed was in line with previous years and supported by documents. The Tribunal considered precedents and factual circumstances in reaching its decision, ultimately ruling in favor of the Assessee. en-us Wed, 15 Dec 2021 00:00:00 +0530 Sat, 20 Aug 2022 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417360 The Tribunal allowed the Assessee's appeal against the disallowance of depreciation amounting to Rs. 40,77,012. The Tribunal held that the disallowance made in the intimation under section 143(1) was not justified for debatable issues. It directed the Assessing Officer to delete the addition made, emphasizing that the depreciation claimed was in line with previous years and supported by documents. The Tribunal considered precedents and factual circumstances in reaching its decision, ultimately ruling in favor of the Assessee. Case-Laws Income Tax Wed, 15 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417360