https://www.taxtmi.com/caselaws?id=35558 The Court remanded the case back to the Income Tax Appellate Tribunal (ITAT) for further consideration, emphasizing the need to assess whether the leased material was utilized by the Assessees for their business to claim depreciation under Section 32 of the Income Tax Act. The Court directed the ITAT to address specific issues, provide a fair hearing, and issue reasoned orders within six months. The original ITAT decision was quashed, and the Court clarified that no opinion was given on the merits of the issues. The appeals were disposed of without costs. en-us Thu, 18 Feb 2010 00:00:00 +0530 Mon, 15 Mar 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35558 The Court remanded the case back to the Income Tax Appellate Tribunal (ITAT) for further consideration, emphasizing the need to assess whether the leased material was utilized by the Assessees for their business to claim depreciation under Section 32 of the Income Tax Act. The Court directed the ITAT to address specific issues, provide a fair hearing, and issue reasoned orders within six months. The original ITAT decision was quashed, and the Court clarified that no opinion was given on the merits of the issues. The appeals were disposed of without costs. Case-Laws Income Tax Thu, 18 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35558