https://www.taxtmi.com/caselaws?id=207327 The Tribunal ruled in favor of the assessee, quashing the Commissioner of Income-tax's revision order under section 263. The Tribunal held that the Assessing Officer's order was not erroneous or prejudicial to Revenue, allowing depreciation on the toll road as a capital asset for business use. The doctrine of merger applied, preventing the Commissioner from invoking section 263. The Tribunal also upheld the validity of the revised return after amalgamation and deemed the verification of road overlay and renewal expenses unnecessary. The assessee's appeals were successful, with the decision issued on 12th February 2010. en-us Fri, 12 Feb 2010 00:00:00 +0530 Thu, 30 May 2013 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207327 The Tribunal ruled in favor of the assessee, quashing the Commissioner of Income-tax's revision order under section 263. The Tribunal held that the Assessing Officer's order was not erroneous or prejudicial to Revenue, allowing depreciation on the toll road as a capital asset for business use. The doctrine of merger applied, preventing the Commissioner from invoking section 263. The Tribunal also upheld the validity of the revised return after amalgamation and deemed the verification of road overlay and renewal expenses unnecessary. The assessee's appeals were successful, with the decision issued on 12th February 2010. Case-Laws Income Tax Fri, 12 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207327