https://www.taxtmi.com/caselaws?id=752337 The ITAT Ahmedabad allowed an assessee's rectification application under section 154, finding multiple errors in depreciation calculations. The tribunal identified a mismatch between depreciation amounts shown in books (Rs. 6,23,97,846) versus ITR-6 filing (Rs. 6,65,43,786) that required verification. Regarding additional depreciation, the assessee claimed remaining 50% for plant machinery after claiming initial 50% in previous year due to less than 180 days usage. The tribunal also directed examination of fresh gratuity claims under section 154, citing Promod R Aggarwal precedent. All grounds were allowed for statistical purposes, requiring proper verification by assessing officer. en-us Mon, 06 May 2024 00:00:00 +0530 Wed, 08 May 2024 08:39:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752337 The ITAT Ahmedabad allowed an assessee's rectification application under section 154, finding multiple errors in depreciation calculations. The tribunal identified a mismatch between depreciation amounts shown in books (Rs. 6,23,97,846) versus ITR-6 filing (Rs. 6,65,43,786) that required verification. Regarding additional depreciation, the assessee claimed remaining 50% for plant machinery after claiming initial 50% in previous year due to less than 180 days usage. The tribunal also directed examination of fresh gratuity claims under section 154, citing Promod R Aggarwal precedent. All grounds were allowed for statistical purposes, requiring proper verification by assessing officer. Case-Laws Income Tax Mon, 06 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752337