https://www.taxtmi.com/caselaws?id=305914 The Tribunal allowed both appeals, directing the Assessing Officer to allow the excess depreciation claimed and rejecting the grounds related to penalty initiation. The judgment emphasized the importance of correctly capitalizing expenditure related to capital assets and upheld the appellant's claims in this regard. en-us Fri, 08 Jun 2018 00:00:00 +0530 Fri, 30 Dec 2022 09:52:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305914 The Tribunal allowed both appeals, directing the Assessing Officer to allow the excess depreciation claimed and rejecting the grounds related to penalty initiation. The judgment emphasized the importance of correctly capitalizing expenditure related to capital assets and upheld the appellant's claims in this regard. Case-Laws Income Tax Fri, 08 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305914