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2016 (1) TMI 778 - AT - Income TaxRevisionary order passed by ld. CIT u/s. 263 - claim of additional depreciation - Held that:- There has been non application of mind on the issue of additional depreciation by the A.O and therefore ld. CIT has rightly invoked the revisionary power u/s. 263 of the Act. As far as the submissions of Assessee that it is eligible for claiming additional depreciation in view of the various decisions cited by ld. A.R. is concerned, we are of the view that ld. CIT has directed the A.O to examine the issue in light to the submissions made before him and ld. CIT has not directed the A.O to disallow the expenses. In such a situation, we are of the view, that the claim of Assessee will be examined on the basis of facts and law by the A.O and if Assessee is eligible for deduction, the same will be allowed to it and thus no prejudice will be caused to Assessee. We therefore find no infirmity in the order of ld.CIT and therefore it requires no interference. - Decided against assessee.
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