https://www.taxtmi.com/caselaws?id=180369 The appeal by Revenue against the deletion of the addition of excess depreciation claimed for A.Y. 2007-08 was dismissed by the ITAT, upholding the decision of the ld. CIT(A). The Tribunal emphasized the justifiability of the rectification application filed by the assessee and cited consistency with past decisions, leading to the dismissal of the Revenue's appeal. Additionally, the restriction of disallowance under section 14A to 1% of the dividend income was upheld by the Tribunal, aligning with previous decisions and finding no fault in the CIT(A)'s order. en-us Wed, 02 Nov 2011 00:00:00 +0530 Tue, 22 Mar 2016 15:11:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180369 The appeal by Revenue against the deletion of the addition of excess depreciation claimed for A.Y. 2007-08 was dismissed by the ITAT, upholding the decision of the ld. CIT(A). The Tribunal emphasized the justifiability of the rectification application filed by the assessee and cited consistency with past decisions, leading to the dismissal of the Revenue's appeal. Additionally, the restriction of disallowance under section 14A to 1% of the dividend income was upheld by the Tribunal, aligning with previous decisions and finding no fault in the CIT(A)'s order. Case-Laws Income Tax Wed, 02 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180369