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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Relief to Technova Imaging Systems: Bombay HC Allows Depreciation Claim Without Section 72A Approval
Appeal Against OrderIncome Tax
The Bombay High Court ruled in favor of Technova Imaging Systems, allowing their depreciation claim even without prior approval under Section 32 of the Income Tax Act. The court held that strict adherence to technical compliance should not override the legitimate substantive entitlements of the taxpayer. This judgment prevents procedural obstacles from hindering the granting of valid tax benefits.
