https://www.taxtmi.com/caselaws?id=430822 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to allow the excess depreciation claimed by the assessee. The Tribunal held that the CIT(A) correctly applied the provisions of Section 43(1) and relied on relevant judicial precedents, finding no merit in the Revenue's grounds. The disallowance of depreciation was deemed unwarranted, and the order was pronounced on 30/09/2022. en-us Fri, 30 Sep 2022 00:00:00 +0530 Tue, 29 Nov 2022 09:14:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430822 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to allow the excess depreciation claimed by the assessee. The Tribunal held that the CIT(A) correctly applied the provisions of Section 43(1) and relied on relevant judicial precedents, finding no merit in the Revenue's grounds. The disallowance of depreciation was deemed unwarranted, and the order was pronounced on 30/09/2022. Case-Laws Income Tax Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430822