https://www.taxtmi.com/caselaws?id=460388 Depreciation under Section 32 on payment made for a commercial right to use land was not finally decided because the factual foundation for the claim had not been properly placed before the lower authorities. The HC noted that the issue arose on the assessee's facts, but the alternate claim had not been canvassed in the requisite form before the Assessing Officer, Commissioner (Appeals), or Tribunal. It therefore remitted the matter to the Assessing Officer for fresh adjudication in accordance with law, leaving the substantive question open for reconsideration on merits. en-us Mon, 15 Mar 2021 00:00:00 +0530 Tue, 21 Jan 2025 19:07:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460388 Depreciation under Section 32 on payment made for a commercial right to use land was not finally decided because the factual foundation for the claim had not been properly placed before the lower authorities. The HC noted that the issue arose on the assessee's facts, but the alternate claim had not been canvassed in the requisite form before the Assessing Officer, Commissioner (Appeals), or Tribunal. It therefore remitted the matter to the Assessing Officer for fresh adjudication in accordance with law, leaving the substantive question open for reconsideration on merits. Case-Laws Income Tax Mon, 15 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460388