https://www.taxtmi.com/caselaws?id=433690 The tribunal remanded the case back to the Assessing Officer for proper verification of facts regarding the disallowance of the claim of deduction under section 80P on account of depreciation. The tribunal emphasized the need to determine the extent of usage of buildings/godowns for eligible activities and review treatment in previous assessments. The Assessing Officer was directed to decide based on legal provisions and judicial rulings. The appeal was allowed for statistical purposes, and the case was remanded for further proceedings. en-us Mon, 30 Jan 2023 00:00:00 +0530 Tue, 07 Feb 2023 10:08:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433690 The tribunal remanded the case back to the Assessing Officer for proper verification of facts regarding the disallowance of the claim of deduction under section 80P on account of depreciation. The tribunal emphasized the need to determine the extent of usage of buildings/godowns for eligible activities and review treatment in previous assessments. The Assessing Officer was directed to decide based on legal provisions and judicial rulings. The appeal was allowed for statistical purposes, and the case was remanded for further proceedings. Case-Laws Income Tax Mon, 30 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433690