https://www.taxtmi.com/caselaws?id=383695 The High Court condoned the delay in re-filing the appeal and disposed of the delay application. The Revenue's appeal against the Assessee's alleged incorrect claim of depreciation was dismissed by the High Court, upholding the ITAT's decision that the reassessment was a mere change of opinion. The ITAT found no failure to disclose material facts by the Assessee and upheld the CIT (A)'s decision that the AO's disallowance of depreciation was based on a mere change of opinion. The High Court ultimately dismissed the Revenue's appeal, finding no legal error committed by the ITAT. en-us Mon, 22 Jul 2019 00:00:00 +0530 Mon, 29 Jul 2019 09:28:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383695 The High Court condoned the delay in re-filing the appeal and disposed of the delay application. The Revenue's appeal against the Assessee's alleged incorrect claim of depreciation was dismissed by the High Court, upholding the ITAT's decision that the reassessment was a mere change of opinion. The ITAT found no failure to disclose material facts by the Assessee and upheld the CIT (A)'s decision that the AO's disallowance of depreciation was based on a mere change of opinion. The High Court ultimately dismissed the Revenue's appeal, finding no legal error committed by the ITAT. Case-Laws Income Tax Mon, 22 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383695