https://www.taxtmi.com/caselaws?id=35378 The High Court dismissed the Revenue's appeals under Section 260A of the Income Tax Act regarding depreciation on standby spare parts, investment allowance on such parts, expenses related to obtaining fixed deposits, and set off of unabsorbed depreciation against house property income. The Court upheld the Tribunal's decisions in favor of the assessee, citing previous case law and rulings, and concluded that all issues raised had been addressed and decided in favor of the assessee in prior decisions. The appeals were dismissed, and connected pending matters were resolved accordingly. en-us Mon, 07 Dec 2009 00:00:00 +0530 Thu, 25 Feb 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35378 The High Court dismissed the Revenue's appeals under Section 260A of the Income Tax Act regarding depreciation on standby spare parts, investment allowance on such parts, expenses related to obtaining fixed deposits, and set off of unabsorbed depreciation against house property income. The Court upheld the Tribunal's decisions in favor of the assessee, citing previous case law and rulings, and concluded that all issues raised had been addressed and decided in favor of the assessee in prior decisions. The appeals were dismissed, and connected pending matters were resolved accordingly. Case-Laws Income Tax Mon, 07 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35378