https://www.taxtmi.com/caselaws?id=435718 The Appellate Tribunal allowed the appeal of the assessee, directing the Assessing Officer to reevaluate the depreciation claim based on the correct opening balance of WDV, ultimately leading to the allowance of the claim for enhanced depreciation. The Tribunal found that the error in claiming depreciation was clear and did not require a lengthy process of reasoning, overturning the decisions of the Assessing Officer and the Ld. CIT(A). en-us Mon, 20 Mar 2023 00:00:00 +0530 Sat, 25 Mar 2023 08:47:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435718 The Appellate Tribunal allowed the appeal of the assessee, directing the Assessing Officer to reevaluate the depreciation claim based on the correct opening balance of WDV, ultimately leading to the allowance of the claim for enhanced depreciation. The Tribunal found that the error in claiming depreciation was clear and did not require a lengthy process of reasoning, overturning the decisions of the Assessing Officer and the Ld. CIT(A). Case-Laws Income Tax Mon, 20 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435718