https://www.taxtmi.com/caselaws?id=306446 The Tribunal dismissed both the assessee and Revenue's appeals regarding the reopening of assessment and depreciation claim on bridges for the assessment year 2002-03. The Tribunal upheld the validity of the reopening of assessment and disallowance of depreciation on bridges, citing previous decisions. However, the Tribunal directed the Assessing Officer to allow depreciation at 10% on roads and bridges based on past decisions, concluding that the assessee was entitled to such depreciation. The appeals were dismissed due to lack of new evidence and consistency with previous tribunal decisions. en-us Tue, 20 Aug 2013 00:00:00 +0530 Tue, 31 Jan 2023 10:49:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306446 The Tribunal dismissed both the assessee and Revenue's appeals regarding the reopening of assessment and depreciation claim on bridges for the assessment year 2002-03. The Tribunal upheld the validity of the reopening of assessment and disallowance of depreciation on bridges, citing previous decisions. However, the Tribunal directed the Assessing Officer to allow depreciation at 10% on roads and bridges based on past decisions, concluding that the assessee was entitled to such depreciation. The appeals were dismissed due to lack of new evidence and consistency with previous tribunal decisions. Case-Laws Income Tax Tue, 20 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306446