https://www.taxtmi.com/caselaws?id=34662 The High Court upheld the Tribunal's decision in an appeal under section 260A of the Income-tax Act, 1961, for the assessment year 1997-98. The Court supported the deletion of additions for depreciation claim and unexplained expenditure on machinery purchase, emphasizing contradictions in supplier statements, lack of cross-examination, and failure to consider crucial evidence by the Assessing Officer. The Court found no legal issue or substantial question of law, dismissing the Revenue's appeal. en-us Thu, 06 Nov 2008 00:00:00 +0530 Tue, 06 Oct 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34662 The High Court upheld the Tribunal's decision in an appeal under section 260A of the Income-tax Act, 1961, for the assessment year 1997-98. The Court supported the deletion of additions for depreciation claim and unexplained expenditure on machinery purchase, emphasizing contradictions in supplier statements, lack of cross-examination, and failure to consider crucial evidence by the Assessing Officer. The Court found no legal issue or substantial question of law, dismissing the Revenue's appeal. Case-Laws Income Tax Thu, 06 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34662