https://www.taxtmi.com/caselaws?id=194687 The Appellate Tribunal upheld the CIT's decision to invoke jurisdiction under section 263, finding the AO's failure to question the depreciation claim on the property time sharing unit as valid. The Tribunal instructed the AO to verify the classification of the property time sharing unit as an intangible asset. The appeal filed by the assessee was dismissed. en-us Wed, 19 Jun 2013 00:00:00 +0530 Tue, 19 Sep 2017 14:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194687 The Appellate Tribunal upheld the CIT's decision to invoke jurisdiction under section 263, finding the AO's failure to question the depreciation claim on the property time sharing unit as valid. The Tribunal instructed the AO to verify the classification of the property time sharing unit as an intangible asset. The appeal filed by the assessee was dismissed. Case-Laws Income Tax Wed, 19 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194687