https://www.taxtmi.com/caselaws?id=270954 The ITAT Delhi allowed the appellant's appeal, quashing the AO's rectification order under section 154 concerning the claim of depreciation on temporary wooden structures at 100%. The court held that the issue of depreciation rate was debatable and required detailed examination, ruling that rectification cannot be based on debatable matters. The appellant successfully challenged the denial of the depreciation claim by the CIT(A) and the reclassification of assets, ultimately prevailing on these grounds. en-us Fri, 30 Oct 2015 00:00:00 +0530 Thu, 21 Jan 2016 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270954 The ITAT Delhi allowed the appellant's appeal, quashing the AO's rectification order under section 154 concerning the claim of depreciation on temporary wooden structures at 100%. The court held that the issue of depreciation rate was debatable and required detailed examination, ruling that rectification cannot be based on debatable matters. The appellant successfully challenged the denial of the depreciation claim by the CIT(A) and the reclassification of assets, ultimately prevailing on these grounds. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270954