2012 (8) TMI 1017

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....ard Mrs. Mauna Bhatt, learned counsel for the Revenue. 2.0 This tax appeal has been filed on the following proposed substantial question of law. 3.0 We formulate the following substantial questions of law. "[A] Whether the Appellate Tribunal has substantially erred in law in ignoring the stand of the Revenue that allowance of depreciation on the assets, the cost of which has already been ....

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....d by the department against the assessee available for Assessment Year 2005-06 and 2006-07 and the order of the Tribunal has been upheld by the Division Bench of this Court in the Tax Appeal No.933 of 2010. This tax appeal has been filed for the Assessment Year 2008-09. The Tribunal has decided against the department and has allowed the depreciation and deductions which has been challenged in t....