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2016 (10) TMI 880 - AT - Income TaxRevision u/s 263 - depreciation for vehicle and generator said to be installed on the vehicle - the assessee let out the vehicle along with the generator installed on the vehicle - Held that:- Tthis Tribunal is of the considered opinion that the Assessing Officer is expected to record his own reasons for the conclusion reached, in the assessment order. Unfortunately, the Assessing Officer has not discussed anything in the assessment order and the facts are not coming out in the assessment order. The Assessing Officer has not applied his mind to the material available on record, therefore, this Tribunal is of the considered opinion that the CIT(Appeals) has rightly exercised his revisional jurisdiction under Section 263 of the Act. This Tribunal do not find any reason to interfere with the order of the lower authority and accordingly the same is confirmed. - Decided against assessee
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