https://www.taxtmi.com/caselaws?id=55731 The Appellate Tribunal ruled in favor of the assessee, holding that conditions imposed by the Income Tax Officer (ITO) must be valid and legal under the Income-tax Act. The Tribunal found the condition disallowing depreciation for a specific period to be beyond the ITO's powers and therefore not binding on the assessee. Consequently, depreciation was allowed for the disputed period in the relevant assessment year. Additionally, the Tribunal upheld the allowance of expenses under section 80VV but remanded the matter of unpaid bonus back to the ITO for further consideration. The appeal for the assessment year 1982-83 was allowed, and for 1983-84, it was partly allowed based on specific grounds. en-us Wed, 09 Jul 1986 00:00:00 +0530 Mon, 29 Nov 2010 17:06:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55731 The Appellate Tribunal ruled in favor of the assessee, holding that conditions imposed by the Income Tax Officer (ITO) must be valid and legal under the Income-tax Act. The Tribunal found the condition disallowing depreciation for a specific period to be beyond the ITO's powers and therefore not binding on the assessee. Consequently, depreciation was allowed for the disputed period in the relevant assessment year. Additionally, the Tribunal upheld the allowance of expenses under section 80VV but remanded the matter of unpaid bonus back to the ITO for further consideration. The appeal for the assessment year 1982-83 was allowed, and for 1983-84, it was partly allowed based on specific grounds. Case-Laws Income Tax Wed, 09 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55731