Appeal by the revenue the Court held that High Court had not the benefit of the decision in Plastiblends India Ltd v Add. CIT ( 2017) 398 ITR 568 (SC) , accordingly the matter is remanded to the High Court . ( AY. 2003 -04 to 2006 -07)
CIT (LTU) v. Reliance Industries Ltd. (2019) 410 ITR 466 / 175 DTR 1 / 307 CTR 121/ 261 Taxman 165 (SC) Editorial : Order of Bombay High Court in CIT (LTU) v. Reliance Industries Ltd.( ITA Nos 1550/ 1592/ 1775 and 1881 of 2014 dt 22-08 2017 , 23 -08 2017 is affirmed( 2018) 161 DTR 420 / (2019) 410 ITR 468 (Bom)(HC)
S. 32 : Depreciation- Prior to insertion of Explanation 5 to S.32 of the Act- Optional and could not be thrust upon-Matter remanded.