https://www.taxtmi.com/caselaws?id=301811 The ITAT partially allowed the assessee's appeal, directing the AO to allow depreciation on the estimated income from civil contract works while ensuring the computed income does not exceed the returned income. The decision was based on legal principles and precedents, emphasizing the statutory nature of depreciation allowance. en-us Fri, 22 Dec 2017 00:00:00 +0530 Thu, 21 Apr 2022 20:56:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301811 The ITAT partially allowed the assessee's appeal, directing the AO to allow depreciation on the estimated income from civil contract works while ensuring the computed income does not exceed the returned income. The decision was based on legal principles and precedents, emphasizing the statutory nature of depreciation allowance. Case-Laws Income Tax Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301811