2018 (7) TMI 2088

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.... the learned Income Tax Appellate Tribunal "C" Bench, Ahmedabad, dated 01.02.2018, in I.TA. No.80/Ahd/2016, for the Assessment Year 2012-13, the Revenue has preferred the present Tax Appeal with the following proposed question of law: "Whether the Appellate Tribunal is correct in law and on facts in upholding the decision of the CIT(A) in deleting the disallowance of depreciation of Rs. 4,04,44,....

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....IT(A) allowed the appeal preferred by the assessee. The Revenue carried the matter before the Income-tax Appellate Tribunal and the learned ITAT, after following its earlier decision for earlier Assessment Years, i.e. 2009-10, 2010-11 and 2011-12, has dismissed the appeal preferred by the Revenue and has upheld the decision of the CIT(A) in deleting the disallowance of depreciation of Rs. 4,04,44....