https://www.taxtmi.com/caselaws?id=418175 The appeal for assessment year 2012-13 was allowed for statistical purposes, with directions to submit details for condonation of delay. The appeal for assessment year 2011-12 challenging the reopening of assessment was dismissed. The disallowance of 50% depreciation on the factory building was upheld by the Tribunal, emphasizing that rental income categorized as "Income from House Property" precludes the assessee from claiming depreciation on the let-out portion. en-us Mon, 31 Jan 2022 00:00:00 +0530 Wed, 09 Feb 2022 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418175 The appeal for assessment year 2012-13 was allowed for statistical purposes, with directions to submit details for condonation of delay. The appeal for assessment year 2011-12 challenging the reopening of assessment was dismissed. The disallowance of 50% depreciation on the factory building was upheld by the Tribunal, emphasizing that rental income categorized as "Income from House Property" precludes the assessee from claiming depreciation on the let-out portion. Case-Laws Income Tax Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418175