2019 (12) TMI 322

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..... in Pr.CIT v. M/s.Indian Seamless Steels and Alloys Ltd. [ 2019 (4) TMI 1788 - BOMBAY HIGH COURT] Therefore, this proposed question does not give rise to any substantial question of law. Hence, not entertained. Appeal admitted on question (a) - Whether on the facts and circumstances of the case and in law, the Tribunal was justified in holding that prior to the insertion of Explanation-5 to sec .....

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..... 3. The Revenue has urged the following questions of law for our consideration: (a) Whether on the facts and circumstances of the case and in law, the Tribunal was justified in holding that prior to the insertion of Explanation-5 to section 32 of the Income Tax Act, 1961 the claim for depreciation was optional and could not be thrust on the Assessee, if it has not been claimed .....

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..... rise to any substantial question of law. Hence, not entertained. 5. Appeal is admitted on Question (a) being a substantial question of law. 6. Registry is directed to communicate copy of this order to the Tribunal. This would enable the Tribunal to keep papers and proceedings relating to the present appeal available, to be produced when sought for by the Court. .....

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