https://www.taxtmi.com/caselaws?id=306426 The Tribunal allowed the appeal for statistical purposes, remanding the matter to the Assessing Officer for further assessment. It emphasized the importance of maintaining separate books of account for business activities to determine eligibility for deductions under section 11 of the Income Tax Act, 1961. The Tribunal also directed the AO to consider the depreciation claim that was not addressed in the initial assessment order, highlighting the need for a fresh decision after hearing the assessee. en-us Mon, 19 Dec 2011 00:00:00 +0530 Mon, 30 Jan 2023 10:15:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306426 The Tribunal allowed the appeal for statistical purposes, remanding the matter to the Assessing Officer for further assessment. It emphasized the importance of maintaining separate books of account for business activities to determine eligibility for deductions under section 11 of the Income Tax Act, 1961. The Tribunal also directed the AO to consider the depreciation claim that was not addressed in the initial assessment order, highlighting the need for a fresh decision after hearing the assessee. Case-Laws Income Tax Mon, 19 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306426