https://www.taxtmi.com/caselaws?id=308798 The Tribunal remitted the case back to the Assessing Officer for a fresh decision on the disallowance of depreciation claimed by the Assessee on assets of closed units. The dispute centered on whether the units were permanently closed or temporarily suspended, requiring a detailed examination of the status of non-operative units and the assets claimed for depreciation. The Tribunal emphasized the need for complete details and evidence from the Assessee to support their contentions, considering legal precedents and the requirement for assets to be put to use for claiming depreciation. The appeal was allowed for statistical purposes, emphasizing the necessity for a comprehensive reevaluation of the depreciation issue. en-us Thu, 31 Aug 2017 00:00:00 +0530 Mon, 24 Jul 2023 21:19:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308798 The Tribunal remitted the case back to the Assessing Officer for a fresh decision on the disallowance of depreciation claimed by the Assessee on assets of closed units. The dispute centered on whether the units were permanently closed or temporarily suspended, requiring a detailed examination of the status of non-operative units and the assets claimed for depreciation. The Tribunal emphasized the need for complete details and evidence from the Assessee to support their contentions, considering legal precedents and the requirement for assets to be put to use for claiming depreciation. The appeal was allowed for statistical purposes, emphasizing the necessity for a comprehensive reevaluation of the depreciation issue. Case-Laws Income Tax Thu, 31 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308798