https://www.taxtmi.com/caselaws?id=459734 The HC of Calcutta dismissed the revenue's appeal under Section 260A of the Income Tax Act, upholding the Income Tax Appellate Tribunal's decision. The Court found no error in the Tribunal's reliance on past orders without referring to the TPO, and it dismissed the alleged violations of Rule 10B & 10C concerning comparability analysis. The Court ruled against the revenue on the issue of additional depreciation under Section 32(1)(iia), emphasizing the principle of consistency and precedent in similar cases. The appeal was resolved by affirming the Tribunal's decisions on all substantial questions of law. en-us Fri, 12 May 2023 00:00:00 +0530 Tue, 24 Dec 2024 20:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459734 The HC of Calcutta dismissed the revenue's appeal under Section 260A of the Income Tax Act, upholding the Income Tax Appellate Tribunal's decision. The Court found no error in the Tribunal's reliance on past orders without referring to the TPO, and it dismissed the alleged violations of Rule 10B & 10C concerning comparability analysis. The Court ruled against the revenue on the issue of additional depreciation under Section 32(1)(iia), emphasizing the principle of consistency and precedent in similar cases. The appeal was resolved by affirming the Tribunal's decisions on all substantial questions of law. Case-Laws Income Tax Fri, 12 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459734