https://www.taxtmi.com/caselaws?id=411718 The Appellate Tribunal ITAT Delhi set aside the Commissioner's order under section 263 of the Income-tax Act, 1961, in a case involving jurisdictional issues, the allowability of depreciation on assets, and the correctness of the assessment order. The Tribunal ruled in favor of the appellant, M/s. Ardee Foundation, holding that the Commissioner's order lacked jurisdiction and was unsustainable under the law. Additionally, the Tribunal reinstated the assessment order framed under section 143(3) of the Act, emphasizing the significance of legal precedents and proper application of the law in tax matters. en-us Wed, 30 Jun 2021 00:00:00 +0530 Wed, 01 Sep 2021 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411718 The Appellate Tribunal ITAT Delhi set aside the Commissioner's order under section 263 of the Income-tax Act, 1961, in a case involving jurisdictional issues, the allowability of depreciation on assets, and the correctness of the assessment order. The Tribunal ruled in favor of the appellant, M/s. Ardee Foundation, holding that the Commissioner's order lacked jurisdiction and was unsustainable under the law. Additionally, the Tribunal reinstated the assessment order framed under section 143(3) of the Act, emphasizing the significance of legal precedents and proper application of the law in tax matters. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411718