https://www.taxtmi.com/caselaws?id=36797 The High Court of Madhya Pradesh ruled in favor of the assessee, Jaora Sugar Mills (P.) Ltd., allowing their claim for additional depreciation of Rs. 1,58,444 based on the Supreme Court's decision on property valuation for partition purposes. The Court held that the assessee was entitled to further depreciation as per the Supreme Court's ruling, criticizing the lower authorities for rejecting the claim. The Court directed each party to bear their own costs, affirming the assessee's right to additional depreciation based on the Supreme Court decision. en-us Tue, 21 Aug 1979 00:00:00 +0530 Wed, 24 Mar 2010 16:03:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36797 The High Court of Madhya Pradesh ruled in favor of the assessee, Jaora Sugar Mills (P.) Ltd., allowing their claim for additional depreciation of Rs. 1,58,444 based on the Supreme Court's decision on property valuation for partition purposes. The Court held that the assessee was entitled to further depreciation as per the Supreme Court's ruling, criticizing the lower authorities for rejecting the claim. The Court directed each party to bear their own costs, affirming the assessee's right to additional depreciation based on the Supreme Court decision. Case-Laws Income Tax Tue, 21 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36797