Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
ITAT upholds PCIT Order on Depreciation Disallowance, holds AO Ignored Rental Terms and Asset Usage Facts
Income Tax
The ITAT upheld the disallowance of depreciation due to the AO’s failure to consider relevant rental and usage facts. It found the PCIT’s revision under Section 263 valid. The order stresses the importance of fact-based evaluations in assessments.
