https://www.taxtmi.com/caselaws?id=404527 The tribunal dismissed the Revenue's appeal against the CIT(A)'s decision to admit additional evidence on the depreciation issue, finding no merit in the argument that it violated Rule 46A of the Income Tax Rules. The appellant's explanation for discrepancies in depreciation calculations, attributed to typographical errors, was accepted, leading to the deletion of the addition made by the Assessing Officer. The tribunal emphasized the importance of maintaining accurate records and upheld the CIT(A)'s decision. The appeal was dismissed on 16th February 2021. en-us Tue, 16 Feb 2021 00:00:00 +0530 Thu, 25 Feb 2021 09:09:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404527 The tribunal dismissed the Revenue's appeal against the CIT(A)'s decision to admit additional evidence on the depreciation issue, finding no merit in the argument that it violated Rule 46A of the Income Tax Rules. The appellant's explanation for discrepancies in depreciation calculations, attributed to typographical errors, was accepted, leading to the deletion of the addition made by the Assessing Officer. The tribunal emphasized the importance of maintaining accurate records and upheld the CIT(A)'s decision. The appeal was dismissed on 16th February 2021. Case-Laws Income Tax Tue, 16 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404527