https://www.taxtmi.com/caselaws?id=34330 The Court dismissed the Revenue's appeal against the Income Tax Appellate Tribunal's decision to allow depreciation claimed by the assessee for the assessment year 1993-94. The Court emphasized that rectification under Section 154 of the Income Tax Act could only be based on an error apparent on the face of the record, not on a matter requiring detailed reasoning. It was noted that in this case, there was no conflict in findings regarding depreciation, unlike the case cited by the Revenue, leading to the dismissal of the appeal. en-us Tue, 11 Aug 2009 00:00:00 +0530 Mon, 17 Aug 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34330 The Court dismissed the Revenue's appeal against the Income Tax Appellate Tribunal's decision to allow depreciation claimed by the assessee for the assessment year 1993-94. The Court emphasized that rectification under Section 154 of the Income Tax Act could only be based on an error apparent on the face of the record, not on a matter requiring detailed reasoning. It was noted that in this case, there was no conflict in findings regarding depreciation, unlike the case cited by the Revenue, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 11 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34330