DIT v Commissioner of Income Tax

So, I was going through the DIT v Commissioner of Income Tax (2019) SC ruling and I'm still trying to wrap my head around it. In a nutshell, the SC held that a company's unamortized tax depreciation on a building was not a capital receipt and was thus taxable.

Now, I'm not sure if I agree or disagree, but I think it's a bit of a harsh decision. I mean, if a company has invested in a building, I would think that the depreciation would be a capital expense, not taxable. But, I guess that's not how the law works. MH CET aspirants, take note! This case highlights the importance of understanding the nuances of taxation law.

Family thinks I can get them out of traffic challans 🙄, clearly they don't understand tax law.