Tribunal Revisits Ex-Parte Order u/s 254, Accepts New Evidence for Depreciation Claim, Imposes Rs. 5000 Cost.

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....Rectification of mistake u/s 254 - ex-parte order on merit - assessee produced certain records after ex-parte order - factual aspect whether the assessee has received any income from hire charges is very crucial for deciding the issue of claim of higher depreciation on these machinery and vehicle - Tribunal is recalled its order with cost of ₹ 5000/-....