https://www.taxtmi.com/caselaws?id=371339 The tribunal upheld the Assessing Officer's decision to disallow the excess claim of depreciation on vehicles and hire charges, ruling that the appellant failed to provide sufficient evidence to support the higher depreciation rates claimed. The tribunal emphasized that the Assessing Officer's rectification under section 154 was justified due to apparent errors in the assessment order. Consequently, the tribunal rejected the appellant's appeal, affirming the decision to allow depreciation at 15% instead of the higher rates claimed by the assessee. en-us Mon, 08 Oct 2018 00:00:00 +0530 Mon, 03 Dec 2018 09:04:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371339 The tribunal upheld the Assessing Officer's decision to disallow the excess claim of depreciation on vehicles and hire charges, ruling that the appellant failed to provide sufficient evidence to support the higher depreciation rates claimed. The tribunal emphasized that the Assessing Officer's rectification under section 154 was justified due to apparent errors in the assessment order. Consequently, the tribunal rejected the appellant's appeal, affirming the decision to allow depreciation at 15% instead of the higher rates claimed by the assessee. Case-Laws Income Tax Mon, 08 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371339