Assessee Relinquishes Additional Depreciation Claim After A.O. Scrutiny; Penalty Confirmed Following Income Discovery.

Assessee Relinquishes Additional Depreciation Claim After A.O. Scrutiny; Penalty Confirmed Following Income Discovery. https://www.taxtmi.com/highlights?id=15957 Income was revealed as a result of survey followed by scrutiny assessment done by the A.O. and when it was confronted by the A.O. to the assessee, the later had no option but to surrender its claim for additional depreciation - penalty confirmed - AT en-us Thu, 21 Nov 2013 16:31:41 +0530 Thu, 21 Nov 2013 16:31:41 +0530 TaxTMI RSS Generator Assessee Relinquishes Additional Depreciation Claim After A.O. Scrutiny; Penalty Confirmed Following Income Discovery. https://www.taxtmi.com/highlights?id=15957 Income was revealed as a result of survey followed by scrutiny assessment done by the A.O. and when it was confronted by the A.O. to the assessee, the later had no option but to surrender its claim for additional depreciation - penalty confirmed - AT Highlights Income Tax Thu, 21 Nov 2013 16:31:41 +0530 https://www.taxtmi.com/highlights?id=15957