https://www.taxtmi.com/highlights?id=55120 Revision u/s 263 - AO allowed depreciation at 25% on the right to lease hold land - The Tribunal has held that mere inadequacy of an enquiry or insufficiency of material on record cannot be a ground to invoke powers under Section 263 of the Act. The view taken by the Tribunal is in consonance with well settled legal principles - HC en-us Mon, 12 Oct 2020 12:19:41 +0530 Mon, 12 Oct 2020 12:19:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55120 Revision u/s 263 - AO allowed depreciation at 25% on the right to lease hold land - The Tribunal has held that mere inadequacy of an enquiry or insufficiency of material on record cannot be a ground to invoke powers under Section 263 of the Act. The view taken by the Tribunal is in consonance with well settled legal principles - HC Highlights Income Tax Mon, 12 Oct 2020 12:19:41 +0530 https://www.taxtmi.com/highlights?id=55120