https://www.taxtmi.com/caselaws?id=55397 The Tribunal upheld the CIT(A)'s decision, dismissing the appellant's appeal regarding the recalculation of Written Down Value (WDV) of the asset and the claim for higher depreciation. It was ruled that under section 154, the income cannot be reduced below the returned income without filing a revised return. The Assessing Officer's powers under section 143(1) are limited to processing the return as filed, and adjustments beyond the declared income cannot be made. The appellant's arguments were deemed legally untenable, leading to the dismissal of the appeal. en-us Tue, 29 Nov 2005 00:00:00 +0530 Wed, 04 Jul 2012 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55397 The Tribunal upheld the CIT(A)'s decision, dismissing the appellant's appeal regarding the recalculation of Written Down Value (WDV) of the asset and the claim for higher depreciation. It was ruled that under section 154, the income cannot be reduced below the returned income without filing a revised return. The Assessing Officer's powers under section 143(1) are limited to processing the return as filed, and adjustments beyond the declared income cannot be made. The appellant's arguments were deemed legally untenable, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 29 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55397