https://www.taxtmi.com/caselaws?id=786343 Addition for alleged bogus accommodation entries was confined to a 12% restriction following precedent, limiting the AO's enhanced disallowance. Disallowance of depreciation for plant and machinery was overturned because the AO doubted valuation without rejecting books of account or providing basis for computed values; estimates by survey staff and conjecture were held insufficient and prior years' verifications supported the assessee, so depreciation was restored. Denial of deduction under 80IC for late filing was treated as a procedural irregularity where Form 10CCB quantified the claim; filing of audit report found directory and not fatal to the deduction. en-us Mon, 02 Feb 2026 00:00:00 +0530 Tue, 03 Feb 2026 11:01:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786343 Addition for alleged bogus accommodation entries was confined to a 12% restriction following precedent, limiting the AO's enhanced disallowance. Disallowance of depreciation for plant and machinery was overturned because the AO doubted valuation without rejecting books of account or providing basis for computed values; estimates by survey staff and conjecture were held insufficient and prior years' verifications supported the assessee, so depreciation was restored. Denial of deduction under 80IC for late filing was treated as a procedural irregularity where Form 10CCB quantified the claim; filing of audit report found directory and not fatal to the deduction. Case-Laws Income Tax Mon, 02 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786343