https://www.taxtmi.com/caselaws?id=429883 The Tribunal held that the order passed under section 154 of the Income Tax Act was beyond the limitation period, rendering it non-est due to a significant delay in reviving the proceedings by the Assessing Officer. Additionally, the Tribunal found that the rectifications made by the Assessing Officer on the depreciation claim for a plant and TDS deduction were on debatable issues, as the eligibility of the plant for higher depreciation and the TDS deduction were subject to interpretation and evidence. Consequently, the Tribunal upheld the Commissioner of Income Tax (Appeals)'s order, dismissing the Revenue's appeal for lack of merit. en-us Thu, 29 Sep 2022 00:00:00 +0530 Sat, 05 Nov 2022 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429883 The Tribunal held that the order passed under section 154 of the Income Tax Act was beyond the limitation period, rendering it non-est due to a significant delay in reviving the proceedings by the Assessing Officer. Additionally, the Tribunal found that the rectifications made by the Assessing Officer on the depreciation claim for a plant and TDS deduction were on debatable issues, as the eligibility of the plant for higher depreciation and the TDS deduction were subject to interpretation and evidence. Consequently, the Tribunal upheld the Commissioner of Income Tax (Appeals)'s order, dismissing the Revenue's appeal for lack of merit. Case-Laws Income Tax Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429883