https://www.taxtmi.com/caselaws?id=189184 The Appellate Tribunal improperly increased the assessed route-rights value in the absence of a departmental appeal, since making an upward revenue-affecting adjustment was not appropriate without such a challenge; the Tribunal then invoked rectification under the applicable income-tax provision to remove the higher figure and alter the dispositional wording. The Motor Vehicles Act does not prohibit payment on permit transfer, so dividing purchase consideration between route value and vehicle value is a permissible factual and tax assessment exercise. The record supports the department's allocation of the lower route value and corresponding vehicle value for depreciation, which is therefore maintained against the assessee's challenge. en-us Mon, 05 Feb 1962 00:00:00 +0530 Fri, 30 Dec 2016 17:24:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189184 The Appellate Tribunal improperly increased the assessed route-rights value in the absence of a departmental appeal, since making an upward revenue-affecting adjustment was not appropriate without such a challenge; the Tribunal then invoked rectification under the applicable income-tax provision to remove the higher figure and alter the dispositional wording. The Motor Vehicles Act does not prohibit payment on permit transfer, so dividing purchase consideration between route value and vehicle value is a permissible factual and tax assessment exercise. The record supports the department's allocation of the lower route value and corresponding vehicle value for depreciation, which is therefore maintained against the assessee's challenge. Case-Laws Income Tax Mon, 05 Feb 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189184