https://www.taxtmi.com/caselaws?id=356723 The tribunal allowed the assessee's appeal, setting aside the order passed by the Principal Commissioner of Income Tax under Section 263. It was determined that the assessment order was not erroneous or prejudicial to the revenue's interests, as the Assessing Officer had properly examined the relevant details during the assessment proceedings and allowed the claim of additional depreciation based on the material facts presented. Consequently, the tribunal ruled in favor of the assessee, concluding that the assessment order was valid. en-us Wed, 28 Feb 2018 00:00:00 +0530 Sat, 10 Mar 2018 06:57:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356723 The tribunal allowed the assessee's appeal, setting aside the order passed by the Principal Commissioner of Income Tax under Section 263. It was determined that the assessment order was not erroneous or prejudicial to the revenue's interests, as the Assessing Officer had properly examined the relevant details during the assessment proceedings and allowed the claim of additional depreciation based on the material facts presented. Consequently, the tribunal ruled in favor of the assessee, concluding that the assessment order was valid. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356723