Tribunal held that the assessment was completed u/s 143(1) and the AO had not examined the allowability of higher depreciation hence the reassessment is held to be valid. (AY.2011-12 to 2015-16)
Arihant Constructions v. ACIT (2020)77 ITR 171 (Vishakha)(Trib.)
S. 147 : Reassessment–With in four years-Depreciation at higher rate-Not examining the issue at the time of original assessment– Reassessment is held to be valid. [S. 32, 143(1)]