High Court validates rectification u/s 154 for excess depreciation error; taxpayer admits machinery use date error.

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....Rectification of mistake u/s 154 - disallowing the excess depreciation - As per the assessee itself, the machinery purchased was put to use in February, 2007 and this fact was not noticed by the AO while passing the impugned order - In the said order, 100% depreciation was given by taking the date of putting the machinery to use by 21.08.2006. - Rectification proceedings are valid - HC....