https://www.taxtmi.com/caselaws?id=468625 Revenue's addition for alleged bogus creditors was deleted because no substantive material was brought to dislodge the first appellate authority's factual findings, and ledger discrepancies had already been explained; the addition could not stand on limited differences alone. Depreciation on a CNC lathe was restricted to 50% because the record showed the machine was installed and used only after the relevant mid-year cutoff, with defects noticed after initial operations and no fresh evidence to show that finding was . The appellate order was therefore sustained on both issues, and the Revenue's challenge failed. en-us Fri, 07 Feb 2025 00:00:00 +0530 Thu, 14 May 2026 19:45:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468625 Revenue's addition for alleged bogus creditors was deleted because no substantive material was brought to dislodge the first appellate authority's factual findings, and ledger discrepancies had already been explained; the addition could not stand on limited differences alone. Depreciation on a CNC lathe was restricted to 50% because the record showed the machine was installed and used only after the relevant mid-year cutoff, with defects noticed after initial operations and no fresh evidence to show that finding was . The appellate order was therefore sustained on both issues, and the Revenue's challenge failed. Case-Laws Income Tax Fri, 07 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468625