CIT Revises Tax Assessment u/s 263 Due to Excessive Depreciation Claim Affecting Section 115JB Tax Computation.

Revision u/s 263 by CIT - Computation of taxability under section 115JB is affected by excess depreciation claim. Therefore, to the extent of Computation of Taxability under section 115JB and excess depreciation, there is no doubt that the assessment order is erroneous and prejudicial to the interest of the Revenue. - AT .....

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