https://www.taxtmi.com/caselaws?id=427200 The Tribunal ruled in favor of the assessee, overturning the disallowance of Depreciation on Buildings and the addition of unpaid service tax liability under section 43-B of the Act. The Tribunal held that the Assessing Officer cannot alter the Written Down Value based on a valuation report prepared for a different purpose and clarified that section 43B applies only when a deduction is claimed, leading to the deletion of the disallowances made by the AO and upheld by the CIT(A). en-us Tue, 26 Jul 2022 00:00:00 +0530 Sat, 03 Sep 2022 07:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427200 The Tribunal ruled in favor of the assessee, overturning the disallowance of Depreciation on Buildings and the addition of unpaid service tax liability under section 43-B of the Act. The Tribunal held that the Assessing Officer cannot alter the Written Down Value based on a valuation report prepared for a different purpose and clarified that section 43B applies only when a deduction is claimed, leading to the deletion of the disallowances made by the AO and upheld by the CIT(A). Case-Laws Income Tax Tue, 26 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427200