https://www.taxtmi.com/caselaws?id=773031 The Karnataka HC upheld the CIT's revision u/s 263, finding the AO's assessment order erroneous and prejudicial to revenue interests. The AO failed to examine the assessee's claim for 100% depreciation on leasehold improvements during assessment proceedings for AY 2008-09. The court noted absence of any inquiry, submissions, or mention of this issue in assessment records. Both CIT (Appeals) and Tribunal's conclusions were justified based on factual matrix showing no material evidence of examination by AO. en-us Tue, 20 May 2025 00:00:00 +0530 Sat, 18 Jul 2026 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773031 The Karnataka HC upheld the CIT's revision u/s 263, finding the AO's assessment order erroneous and prejudicial to revenue interests. The AO failed to examine the assessee's claim for 100% depreciation on leasehold improvements during assessment proceedings for AY 2008-09. The court noted absence of any inquiry, submissions, or mention of this issue in assessment records. Both CIT (Appeals) and Tribunal's conclusions were justified based on factual matrix showing no material evidence of examination by AO. Case-Laws Income Tax Tue, 20 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773031