https://www.taxtmi.com/caselaws?id=437091 The High Court allowed the appeal, setting aside the Tribunal's order. The Court held that the evidence provided by the assessee regarding the installation of machinery justified the initiation of proceedings under Section 154. The evidence showed that the machinery had been put to use in February 2007 for less than 180 days, making the depreciation allowable at 50%. The Court concluded that no further investigation was necessary as the evidence before the Assessing Officer established the date of putting the machinery to use. Therefore, the proceedings under Section 154 were deemed correctly initiated, and the appeal was allowed. en-us Thu, 23 Mar 2023 00:00:00 +0530 Thu, 27 Apr 2023 09:00:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437091 The High Court allowed the appeal, setting aside the Tribunal's order. The Court held that the evidence provided by the assessee regarding the installation of machinery justified the initiation of proceedings under Section 154. The evidence showed that the machinery had been put to use in February 2007 for less than 180 days, making the depreciation allowable at 50%. The Court concluded that no further investigation was necessary as the evidence before the Assessing Officer established the date of putting the machinery to use. Therefore, the proceedings under Section 154 were deemed correctly initiated, and the appeal was allowed. Case-Laws Income Tax Thu, 23 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437091