https://www.taxtmi.com/caselaws?id=281616 The Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeal, upholding the Commissioner of Income Tax (Appeals)'s decision regarding the invalidity of re-assessment proceedings under section 147 of the Income Tax Act and the depreciation rate on wheel loaders and wheel graders. The ITAT emphasized the significance of maintaining consistency in assessment decisions and complying with legal provisions when determining depreciation rates for assets. en-us Wed, 06 Jul 2016 00:00:00 +0530 Fri, 28 Jun 2019 10:25:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281616 The Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeal, upholding the Commissioner of Income Tax (Appeals)'s decision regarding the invalidity of re-assessment proceedings under section 147 of the Income Tax Act and the depreciation rate on wheel loaders and wheel graders. The ITAT emphasized the significance of maintaining consistency in assessment decisions and complying with legal provisions when determining depreciation rates for assets. Case-Laws Income Tax Wed, 06 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281616