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2018 (7) TMI 1966 - HC - Income TaxRevision u/s 263 - patent error in the assessment order passed by the AO u/s 143(3) r.w.s. 153A allowing legally wrong claim of additional depreciation - Tribunal was justified in law in quashing the order passed by the Pr.CIT u/s 263 - HELD THAT:- Tribunal allowed the Respondent Assessee's appeal before it by following the decisions of this Court in CIT v. Continental Warehousing Corporation (Nhava Sheva) Ltd. [2015 (5) TMI 656 - BOMBAY HIGH COURT] and CIT (Central), Nagpur v. Murli Agro Products Ltd. [2010 (10) TMI 1052 - BOMBAY HIGH COURT] . Therefore, the issue so far as this Court is concerned, the question on merits would stand concluded favour of the Respondent Assessee and against the Appellant Revenue. However, it is his submission that Karnataka High Court has in Canara Housing Development v. DCIT Circle 1(1) [2014 (8) TMI 642 - KARNATAKA HIGH COURT] has taken a different view. But even if it so, that is of no avail. The Authorities within the State of Maharashtra are bound by the decisions of this Court and, therefore, the impugned order of the Tribunal cannot be found fault with. No substantial question of law
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