https://www.taxtmi.com/caselaws?id=66826 The Tribunal dismissed the Revenue's appeal, ruling that the notice under section 148 was invalid and the disallowed depreciation claim of Rs. 16,20,35,856 was deemed admissible. The reassessment under sections 143(3) and 147 was declared invalid due to lack of satisfying conditions for invoking section 147. The Tribunal upheld the CIT(A)'s decision annulling the reassessment and deleting the Revenue's demand. en-us Fri, 31 Oct 2008 00:00:00 +0530 Wed, 05 Jun 2013 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66826 The Tribunal dismissed the Revenue's appeal, ruling that the notice under section 148 was invalid and the disallowed depreciation claim of Rs. 16,20,35,856 was deemed admissible. The reassessment under sections 143(3) and 147 was declared invalid due to lack of satisfying conditions for invoking section 147. The Tribunal upheld the CIT(A)'s decision annulling the reassessment and deleting the Revenue's demand. Case-Laws Income Tax Fri, 31 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66826