Sec. 263 revision was unjustified where AO has allowed assessee’s claim on meticulous appreciation of evidence

INCOME TAX : Where Assessing Officer on meticulous appreciation of evidence on record allowed claim of assessee of depreciation on leasehold right held by it in a land by treating it as intangible asset, impugned invocation of revision under section 263 against said order on ground of inadequacy of enquiry by Assessing Officer was unjustifiedINCOME TAX : Where Assessing Officer on meticulous appreciation of evidence on record allowed claim of assessee of depreciation on leasehold right held by it in a land by treating it as intangible asset, impugned invocation of revision under section 263 against said order on ground of inadequacy of enquiry by Assessing Officer was unjustifiedwww.taxmann.com Latest Case LawsRead More

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