https://www.taxtmi.com/caselaws?id=260743 The Tribunal set aside the Commissioner of Income Tax's order under Section 263, restoring the original assessment order dated 21.12.2010. The Tribunal held that the Assessing Officer had properly verified the depreciation claim on the forging press, and the Commissioner's invocation of Section 263 was not justified. The appeal of the assessee was allowed, and the original assessment order was reinstated. en-us Fri, 17 Oct 2014 00:00:00 +0530 Wed, 17 Jun 2015 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260743 The Tribunal set aside the Commissioner of Income Tax's order under Section 263, restoring the original assessment order dated 21.12.2010. The Tribunal held that the Assessing Officer had properly verified the depreciation claim on the forging press, and the Commissioner's invocation of Section 263 was not justified. The appeal of the assessee was allowed, and the original assessment order was reinstated. Case-Laws Income Tax Fri, 17 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260743