2008 (9) TMI 1003

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....bstantial questions of law is referred for adjudication : " (a) Whether on the facts and in the circumstances of the case, the learned Tribunal erred in law in holding that the Commissioner of Income Tax was not justified in invoking the jurisdiction under Section 263 without considering that the Assessing Officer erroneously allowed depreciation of ₹ 5,61,23,019/- on plant and machinery a....