https://www.taxtmi.com/caselaws?id=191911 The Tribunal dismissed the Revenue's appeal against the cancellation of a rectification order for the assessment year 2006-07. The Tribunal found that the depreciation was not claimed by the appellant, in line with the Mahendra Mills Ltd. case. It held that the retrospective application was not applicable, citing relevant case law. The Tribunal upheld the decision to cancel the order under Section 154, as the AO's decision was not justified. The Revenue's appeal was ultimately dismissed. en-us Fri, 09 Dec 2011 00:00:00 +0530 Wed, 03 May 2017 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191911 The Tribunal dismissed the Revenue's appeal against the cancellation of a rectification order for the assessment year 2006-07. The Tribunal found that the depreciation was not claimed by the appellant, in line with the Mahendra Mills Ltd. case. It held that the retrospective application was not applicable, citing relevant case law. The Tribunal upheld the decision to cancel the order under Section 154, as the AO's decision was not justified. The Revenue's appeal was ultimately dismissed. Case-Laws Income Tax Fri, 09 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191911