2018 (6) TMI 1596 - HC - Income Tax

Appeal admitted on the following substantial questions of law (a) Whether on the facts and in circumstances of the case and in law, the Tribunal is justified in holding that ₹ 2,31,62,114/is capital expenditure? (b) Whether on facts and in circumstances of the case and in law, Tribunal erred in not alternatively directing Respondent to grant depreciation on foregoing capital expenditure?

Summary

The High Court of Bombay heard an appeal related to the Assessment Year 2006-07. The appeal was admitted based on substantial questions of law regarding capital expenditure and depreciation. The Registry was directed to inform the Tribunal about the order for further proceedings.