2010 (12) TMI 1206

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....s O R D E R Per G.C.Gupta, Vice President: This appeal by the Revenue for the assessment year 2005-06 is directed against the order of the Commissioner of Income-tax(Appeals). 2. Grounds of the Revenue in this appeal are as under- "1. The learned CIT(A)'s order is erroneous both in law and in facts. 2. The learned CIT(A) has failed to appreciate that the decision of Apex Court ....

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....he rival submissions. We find that the issue of allowability of depreciation on the capital asset, which has already been allowed as deduction, is covered in favour of the assessee with the decision of the coordinate Bench of the Hyderabad Tribunal in Kamineni Educational Society (Supra) . We find that in case of Kamineni Educational Society, the co-ordinate Bench of the Tribunal has considered th....