https://www.taxtmi.com/caselaws?id=424658 The ITAT allowed the appeal of the assessee for statistical purposes, setting aside the CIT(A)'s order confirming the disallowance of depreciation on plant and machinery. The ITAT directed the AO to re-adjudicate the issue, emphasizing procedural fairness and the importance of providing the assessee with a fair hearing. The decision highlighted the violation of principles of natural justice by the CIT(A) and underscored the necessity of granting parties sufficient opportunity to present their case in tax assessment proceedings. en-us Mon, 20 Jun 2022 00:00:00 +0530 Wed, 06 Jul 2022 08:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424658 The ITAT allowed the appeal of the assessee for statistical purposes, setting aside the CIT(A)'s order confirming the disallowance of depreciation on plant and machinery. The ITAT directed the AO to re-adjudicate the issue, emphasizing procedural fairness and the importance of providing the assessee with a fair hearing. The decision highlighted the violation of principles of natural justice by the CIT(A) and underscored the necessity of granting parties sufficient opportunity to present their case in tax assessment proceedings. Case-Laws Income Tax Mon, 20 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424658