https://www.taxtmi.com/caselaws?id=766766 Gujarat HC allowed petitioner's appeal and quashed Tribunal's order. Tribunal erroneously found petitioner failed to disclose material facts for assessment regarding depreciation on machinery for trial production. HC held computation statement has no requirement to show such depreciation details. Assessing Officer had already considered depreciation issue based on petitioner's disclosures in original and reassessment orders. Tribunal's findings were perverse as petitioner had disclosed all necessary facts. Matter remanded to Tribunal for fresh de-novo order. en-us Tue, 11 Feb 2025 00:00:00 +0530 Tue, 04 Mar 2025 07:12:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766766 Gujarat HC allowed petitioner's appeal and quashed Tribunal's order. Tribunal erroneously found petitioner failed to disclose material facts for assessment regarding depreciation on machinery for trial production. HC held computation statement has no requirement to show such depreciation details. Assessing Officer had already considered depreciation issue based on petitioner's disclosures in original and reassessment orders. Tribunal's findings were perverse as petitioner had disclosed all necessary facts. Matter remanded to Tribunal for fresh de-novo order. Case-Laws Income Tax Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766766