https://www.taxtmi.com/caselaws?id=259773 The Tribunal allowed the assessee's appeal, affirming the entitlement to claim the balance 50% of additional depreciation in the subsequent year. The revision order passed under section 263 was quashed as the original assessment was upheld, concluding that once additional depreciation is allowed in the initial year, it cannot be denied in subsequent years without valid grounds. en-us Fri, 02 Jan 2015 00:00:00 +0530 Tue, 19 May 2015 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259773 The Tribunal allowed the assessee's appeal, affirming the entitlement to claim the balance 50% of additional depreciation in the subsequent year. The revision order passed under section 263 was quashed as the original assessment was upheld, concluding that once additional depreciation is allowed in the initial year, it cannot be denied in subsequent years without valid grounds. Case-Laws Income Tax Fri, 02 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259773