https://www.taxtmi.com/caselaws?id=241698 The Tribunal allowed the appeals against the Order passed under section 263 of the Income Tax Act for the assessment years 2007-2008 and 2008-2009. The Commissioner's decision to set aside the assessment and re-examine the claim of higher depreciation on commercial vehicles and electrical fittings was overturned. The Tribunal considered the assessee's explanations regarding the usage of vehicles for transportation and hire charges, emphasizing the importance of consistency in assessment proceedings. The delay in filing the appeal was condoned, and the Tribunal ruled in favor of the assessee, quashing the Commissioner's order under section 263 on 20.12.2013. en-us Fri, 20 Dec 2013 00:00:00 +0530 Mon, 30 Dec 2013 09:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241698 The Tribunal allowed the appeals against the Order passed under section 263 of the Income Tax Act for the assessment years 2007-2008 and 2008-2009. The Commissioner's decision to set aside the assessment and re-examine the claim of higher depreciation on commercial vehicles and electrical fittings was overturned. The Tribunal considered the assessee's explanations regarding the usage of vehicles for transportation and hire charges, emphasizing the importance of consistency in assessment proceedings. The delay in filing the appeal was condoned, and the Tribunal ruled in favor of the assessee, quashing the Commissioner's order under section 263 on 20.12.2013. Case-Laws Income Tax Fri, 20 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241698