https://www.taxtmi.com/caselaws?id=30663 The court upheld the ITAT's decision, emphasizing the importance of following decisions of benches with greater numerical strength or higher judicial authority, even if it deviates from the principle of consistency. The court found the Vahid Papers Converters case applicable and rejected the assessee's argument regarding the option to claim depreciation under Section 32 for special deductions under Chapter VI-A. The court affirmed that depreciation must be considered when computing profits for such deductions, dismissing the appeals with no substantial question of law for consideration. en-us Mon, 01 Sep 2008 00:00:00 +0530 Sat, 21 Jan 2012 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30663 The court upheld the ITAT's decision, emphasizing the importance of following decisions of benches with greater numerical strength or higher judicial authority, even if it deviates from the principle of consistency. The court found the Vahid Papers Converters case applicable and rejected the assessee's argument regarding the option to claim depreciation under Section 32 for special deductions under Chapter VI-A. The court affirmed that depreciation must be considered when computing profits for such deductions, dismissing the appeals with no substantial question of law for consideration. Case-Laws Income Tax Mon, 01 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30663