https://www.taxtmi.com/caselaws?id=255316 The Tribunal upheld the Commissioner's order under section 263, finding the Assessing Officer's assessments for the relevant years erroneous and prejudicial to Revenue interests regarding higher depreciation on furniture and hospital equipment, as well as unsecured loans. However, the Tribunal set aside the Commissioner's decision on corpus receipts. Appeals for the assessment years 2006-07 to 2010-11 were partly allowed, while those for 2004-05 and 2005-06 were dismissed. en-us Fri, 09 Jan 2015 00:00:00 +0530 Sat, 16 May 2015 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255316 The Tribunal upheld the Commissioner's order under section 263, finding the Assessing Officer's assessments for the relevant years erroneous and prejudicial to Revenue interests regarding higher depreciation on furniture and hospital equipment, as well as unsecured loans. However, the Tribunal set aside the Commissioner's decision on corpus receipts. Appeals for the assessment years 2006-07 to 2010-11 were partly allowed, while those for 2004-05 and 2005-06 were dismissed. Case-Laws Income Tax Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255316