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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Revision u/s 263 - additional depreciation - once on the basis ...


Section 263 Ruling: Additional Depreciation Allowed as Machinery Acquired Post-April 1, 2002; Order Set Aside.

August 19, 2019

Case Laws     Income Tax     AT

Revision u/s 263 - additional depreciation - once on the basis of details and documents it is clear invoice were raised by the concerned supplier only after 01.04.2002 it is is sufficient to show that the machinery in respect of which additional depreciation was claimed by the assessee had been acquired after 01.04.2002 - no error in the order of the AO allowing add. dep. order u/s 263 is set aside

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