https://www.taxtmi.com/caselaws?id=260389 The ITAT allowed the appeal, directing the AO to permit the additional depreciation claimed by the assessee. The tribunal found the omission to claim depreciation was inadvertent and not deliberate, citing that Explanation 5 to Section 32(1) applies to additional depreciation. The decision reversed the CIT(A)'s order, emphasizing the validity of the claim and the application of the relevant legal provisions. en-us Tue, 17 Mar 2015 00:00:00 +0530 Thu, 11 Jun 2015 06:21:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260389 The ITAT allowed the appeal, directing the AO to permit the additional depreciation claimed by the assessee. The tribunal found the omission to claim depreciation was inadvertent and not deliberate, citing that Explanation 5 to Section 32(1) applies to additional depreciation. The decision reversed the CIT(A)'s order, emphasizing the validity of the claim and the application of the relevant legal provisions. Case-Laws Income Tax Tue, 17 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260389