1979 (7) TMI 144 - AT - Income Tax

Summary

The appeal was about whether the assessee is entitled to higher depreciation and development rebate for approved hotels. The Government letter confirmed approval from 1968-69 onwards, so the assessee is entitled to the claim. The appeal by the Department was dismissed. (Case: Appellate Tribunal ITAT MADRAS-A, Citation: 1979 (7) TMI 144 - ITAT MADRAS-A)