https://www.taxtmi.com/caselaws?id=305389 The Tribunal allowed the appeal, quashing the revision order under Section 263 of the Income Tax Act. It held that the delay in filing the appeal was condoned due to the COVID-19 pandemic. The Tribunal found that the Commissioner of Income Tax (Exemptions) passed the revision order without providing a fair opportunity of hearing to the assessee, constituting a procedural irregularity. Additionally, it determined that the Assessing Officer conducted adequate enquiries during the assessment proceedings and that the claim of depreciation by the assessee was permissible under the law. en-us Tue, 17 May 2022 00:00:00 +0530 Fri, 02 Dec 2022 06:28:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305389 The Tribunal allowed the appeal, quashing the revision order under Section 263 of the Income Tax Act. It held that the delay in filing the appeal was condoned due to the COVID-19 pandemic. The Tribunal found that the Commissioner of Income Tax (Exemptions) passed the revision order without providing a fair opportunity of hearing to the assessee, constituting a procedural irregularity. Additionally, it determined that the Assessing Officer conducted adequate enquiries during the assessment proceedings and that the claim of depreciation by the assessee was permissible under the law. Case-Laws Income Tax Tue, 17 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305389