Revision u/s 263 - AO allowed depreciation at 25% on the right ...

Tribunal Rules Insufficient Inquiry Not Grounds for Revision u/s 263, Upholds 25% Depreciation on Leasehold Land.

October 12, 2020

Case Laws Income Tax HC

Revision u/s 263 - AO allowed depreciation at 25% on the right to lease hold land - The Tribunal has held that mere inadequacy of an enquiry or insufficiency of material on record cannot be a ground to invoke powers under Section 263 of the Act. The view taken by the Tribunal is in consonance with well settled legal principles - HC

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Revision u/s 263 - AO allowed depreciation at 25% on the right ...

Tribunal Rules Insufficient Inquiry Not Grounds for Revision u/s 263, Upholds 25% Depreciation on Leasehold Land.

October 12, 2020

Case Laws Income Tax HC

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