https://www.taxtmi.com/caselaws?id=36979 The High Court upheld the decision of the Appellate Tribunal and Income Tax Officer to allow depreciation even though the particulars were not initially furnished in the return of income but were provided during the assessment proceedings. The court emphasized that once the information was provided, depreciation could be granted, and the ITO had the jurisdiction to do so based on the details submitted during assessment, even if not included in the return. The court ruled in favor of the revenue, stating that the assessee's submission of particulars during assessment proceedings, even under protest, satisfied the legal requirements for claiming depreciation deduction under the Income Tax Act. en-us Tue, 10 Jul 1979 00:00:00 +0530 Thu, 25 Mar 2010 16:42:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36979 The High Court upheld the decision of the Appellate Tribunal and Income Tax Officer to allow depreciation even though the particulars were not initially furnished in the return of income but were provided during the assessment proceedings. The court emphasized that once the information was provided, depreciation could be granted, and the ITO had the jurisdiction to do so based on the details submitted during assessment, even if not included in the return. The court ruled in favor of the revenue, stating that the assessee's submission of particulars during assessment proceedings, even under protest, satisfied the legal requirements for claiming depreciation deduction under the Income Tax Act. Case-Laws Income Tax Tue, 10 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36979