https://www.taxtmi.com/caselaws?id=309016 The Tribunal ruled in favor of the assessee, directing the AO to grant depreciation on the reinstated amount and adjust the depreciation for the relevant assessment year accordingly. The appeal challenging the enhanced disallowance of depreciation was successful, with the Tribunal emphasizing that depreciation should be allowed on assets added back to the 'block of assets' even if not utilized in the relevant year. en-us Tue, 01 Dec 2015 00:00:00 +0530 Mon, 07 Aug 2023 21:34:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309016 The Tribunal ruled in favor of the assessee, directing the AO to grant depreciation on the reinstated amount and adjust the depreciation for the relevant assessment year accordingly. The appeal challenging the enhanced disallowance of depreciation was successful, with the Tribunal emphasizing that depreciation should be allowed on assets added back to the 'block of assets' even if not utilized in the relevant year. Case-Laws Income Tax Tue, 01 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309016