2021 (4) TMI 469

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....anasamy, Senior Standing Counsel For the Respondent : Mr.V.S.Jayakumar COMMON JUDGMENT (Delivered by M. DURAISWAMY, J.) Aggrieved by the orders passed by the Income Tax Appellate Tribunal in I.T.A.Nos.1157 to 1159 & 1161/Mds/2013, the Revenue has filed the above appeals. 2.The Assessing Officer disallowed the depreciation on the capital assets claimed by the assessee on the ground that the en....

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....d the Tribunal, by following the assessee's own case for the earlier year in I.T.A.Nos.402 & 403/Mds/2010, allowed the appeals holding that the assessee can claim depreciation. Aggrieved over the orders passed by the Income Tax Appellate Tribunal, the Revenue has filed the above appeals. 3.The above appeals were admitted on the following substantial question of law : "Whether on facts and i....

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....n'ble Supreme Court, the Hon'ble Division Bench of this Court, by judgment dated 26.08.2019, made in T.C.A.Nos.680 & 681 of 2011 [Commissioner of Income Tax - I, Tiruchirapalli Vs. M/s.National College Council, P.B.No.369, Chatram Bus Stand, Teppakulam, Tiruchirapalli - 620 002] dismissed the appeals and answered the substantial questions of law against the Revenue. The appeals in T.C.A.No....