https://www.taxtmi.com/caselaws?id=60233 The Tribunal upheld the CIT(A)'s decision in dismissing the Department's appeal, affirming the deletion of expenses under section 37(3A) of the IT Act and the deduction of initial depreciation for computing the written down value of assets. The Tribunal emphasized that expenses allowable under specific sections other than section 37(1) should not be disallowed under section 37(3A, and that the Assessing Officer could not modify the written down value where initial depreciation had already been allowed. en-us Thu, 31 Oct 1991 00:00:00 +0530 Tue, 04 Jan 2011 13:23:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60233 The Tribunal upheld the CIT(A)'s decision in dismissing the Department's appeal, affirming the deletion of expenses under section 37(3A) of the IT Act and the deduction of initial depreciation for computing the written down value of assets. The Tribunal emphasized that expenses allowable under specific sections other than section 37(1) should not be disallowed under section 37(3A, and that the Assessing Officer could not modify the written down value where initial depreciation had already been allowed. Case-Laws Income Tax Thu, 31 Oct 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60233