https://www.taxtmi.com/caselaws?id=436787 The Tribunal upheld the disallowance of depreciation claimed by the assessee but allowed another opportunity to provide evidence. The alternative claim for the entire cost of acquisition of capital assets was also rejected due to lack of documentary evidence, with the assessee given another chance to substantiate the claim. The matter was remanded to the assessing officer for further consideration, and the assessee was directed to pay a cost of Rs. 1,000/- to the Prime Minister's Relief Fund for a casual approach. The appeal was allowed for statistical purposes. en-us Tue, 18 Apr 2023 00:00:00 +0530 Thu, 20 Apr 2023 10:02:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436787 The Tribunal upheld the disallowance of depreciation claimed by the assessee but allowed another opportunity to provide evidence. The alternative claim for the entire cost of acquisition of capital assets was also rejected due to lack of documentary evidence, with the assessee given another chance to substantiate the claim. The matter was remanded to the assessing officer for further consideration, and the assessee was directed to pay a cost of Rs. 1,000/- to the Prime Minister's Relief Fund for a casual approach. The appeal was allowed for statistical purposes. Case-Laws Income Tax Tue, 18 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436787