2002 (3) TMI 18 - HC - Income Tax

Summary

The High Court of Delhi stayed criminal proceedings in a case related to depreciation on bottles and computers pending the High Court's decision on the reference. The Income-tax Appellate Tribunal's decision favoring the assessee was cited as a reason for the stay. The court referred to a previous judgment supporting the assessee's claim for depreciation on bottles. The proceedings were stayed, with the option to revive them based on the High Court's decision.