https://www.taxtmi.com/caselaws?id=327359 The Tribunal allowed the assessee's appeals, setting aside the Commissioner's orders under Section 263 for both assessment years. The original Assessing Officer's decisions were restored, with the Tribunal finding that the Commissioner had erred in invoking Section 263. The Tribunal held that the additional depreciation on windmills was allowable based on judicial precedent, the write-off of obsolete stores was adequately examined by the Assessing Officer, and the disallowance of provision for gratuity was unnecessary as no deduction had been claimed. en-us Thu, 31 Mar 2016 00:00:00 +0530 Mon, 09 May 2016 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327359 The Tribunal allowed the assessee's appeals, setting aside the Commissioner's orders under Section 263 for both assessment years. The original Assessing Officer's decisions were restored, with the Tribunal finding that the Commissioner had erred in invoking Section 263. The Tribunal held that the additional depreciation on windmills was allowable based on judicial precedent, the write-off of obsolete stores was adequately examined by the Assessing Officer, and the disallowance of provision for gratuity was unnecessary as no deduction had been claimed. Case-Laws Income Tax Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327359