https://www.taxtmi.com/caselaws?id=778097 HC allowed the revenue appeal, holding that the Single Judge erred in interfering with assessment proceedings. The court found the question whether the taxpayer was entitled to depreciation and whether it owned the drilling ship was a factual issue for income-tax authorities to determine; prior appellate bodies had not adjudicated ownership. The impugned judgment was set aside as unsustainable in law and the matter remitted to the tax authorities for determination. en-us Tue, 12 Aug 2025 00:00:00 +0530 Wed, 10 Sep 2025 08:39:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778097 HC allowed the revenue appeal, holding that the Single Judge erred in interfering with assessment proceedings. The court found the question whether the taxpayer was entitled to depreciation and whether it owned the drilling ship was a factual issue for income-tax authorities to determine; prior appellate bodies had not adjudicated ownership. The impugned judgment was set aside as unsustainable in law and the matter remitted to the tax authorities for determination. Case-Laws Income Tax Tue, 12 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778097