C.I.T., NASIK vs NATH PULP & PAPERS MILLS LTD — C.A. No. 1305/1998

Case Summary: C.A. No. 001305/1998 C.I.T., Nasik v. Nath Pulp & Papers Mills Ltd. The Supreme Court, on 28 November 2000, dismissed the tax department's appeal regarding whether the Income Tax Officer can allow depreciation when an assessee failed to claim it despite relevant particulars being available in their annual report. The High Court had declined to refer the question, finding it settled by precedent (C.I.T. v. Someshwar Sahakari Sakhar Karkhana). The Court upheld this reasoning, noting the High Court's relied-upon decision had been approved by the Supreme Court in C.I.T. v. Mahendra Mill. No order as to costs was imposed. This case analysis is maintained by casestatus.in based on publicly available court records.