2023 (6) TMI 1179

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....it Prasad, Sr. Adv., Mr. Raj Bahadur Yadav, AOR, Mr. V. Chandrashekhara Bharathi, Adv., Mr. Rupesh Kumar, Adv., Mr. Vivasvan Gautam, Adv., Mr. Inderjeet Prasad, Adv., Mr. Vijaynand Tripathi, Adv., Mr. Sundeep Pandhi, Adv. And Mrs. Anil Katiyar, AOR For the Respondent(s) : Mr. Tushar Jarwal, Adv., Mr. Rahul Sateeja, Adv., Mr. Priyojeet Chatterjee, Adv., Mr. Pranav Bansal, Adv., Ms. B. Vijayalakshm....

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....was right in law in reversing the decision of the CIT(A), whereby the claim of the depreciation was allowed to the assessee as per its original return of income, which was also in consonance with the clarificatory explanation-5 to clause (ii) of Section 32(1) inserted vide Finance Act?" Alternatively "Whether on the facts and in the circumstances of the case, the Tribunal was right in law in h....