2014 (8) TMI 422

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....Anuradha, Adv. JUDGEMENT:- PER : N Kumar This appeal is preferred by the Revenue, challenging the order passed by the Income-Tax Appellate Tribunal, Bangalore (hereinafter referred to as 'the Tribunal'), upholding the order passed by the Commissioner of Income-Tax allowing the depreciation to the extent of Rs. 41,14,142/-. 2. In the block assessment order dated 29.10.1999, the assets c....

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....same was disallowed. The Appellate Authority confirmed the said order. The Tribunal by its order dated 3.6.2004 in I.T.A.No.795/Bang/2000 upheld the claim of depreciation for the assessment year 1997-98. Following the aforesaid judgment, for the assessment year 2001-02, though the Assessing Authority declined to grant the benefit of depreciation to an extent of Rs. 41,14,142/-, both the First Appe....