2001 (8) TMI 1375

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..... e respondent assessee on caveat. We have heard the learned advocates at length and have also perused the order of the Tribunal and judgment delivered in the case of CIT v. Mahendra Mills, 243 ITR 56. In our opinion, no substantial question of law arises in this appeal as the Tribunal has rightly decided the appeal in view of the ratio laid down by the Hon'ble Supreme Court in the case of .....

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..... ibunal has not been challenged by the revenue. Looking to the view expressed by the Supreme Court in the case of Mahendra Mills (supra), in our opinion, the Tribunal was justified in taking the view with regard to the depreciation in the instant case and, therefore, we do not find any substantial question of law involved in this appeal and, therefore, the appeal is dismissed. - - TaxTMI - .....

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