https://www.taxtmi.com/caselaws?id=253055 The Tribunal upheld the Administrative Commissioner's jurisdiction under Section 263 of the Income-tax Act, finding that the assessing officer failed to apply proper enquiry and reasoning regarding depreciation on windmill and associated components. The Tribunal emphasized the necessity of recording reasons in orders to ensure fairness and minimize arbitrariness. The assessing officer's failure to provide adequate reasoning rendered the assessment order deficient, justifying the Administrative Commissioner's intervention. The Tribunal dismissed the assessee's appeal and directed the assessing officer to conduct a proper enquiry independently. en-us Thu, 14 Aug 2014 00:00:00 +0530 Mon, 16 Feb 2015 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253055 The Tribunal upheld the Administrative Commissioner's jurisdiction under Section 263 of the Income-tax Act, finding that the assessing officer failed to apply proper enquiry and reasoning regarding depreciation on windmill and associated components. The Tribunal emphasized the necessity of recording reasons in orders to ensure fairness and minimize arbitrariness. The assessing officer's failure to provide adequate reasoning rendered the assessment order deficient, justifying the Administrative Commissioner's intervention. The Tribunal dismissed the assessee's appeal and directed the assessing officer to conduct a proper enquiry independently. Case-Laws Income Tax Thu, 14 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253055