Held that the Assesee has claimed depreciation on enhanced written value of the plant and machinery. The Assessing Officer has accepted the explanation of the assessee and allowed the claim. Revision order is quashed. (AY. 2015-16)
M.P. Paschim Kshetra Vidyut Vitran Co. Ltd. v. ACIT (2023) 225 TTJ 57(UO) (Indore)(Trib)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Depreciation-Capitalised and treated as revenue receipts-Explained the difference of depreciation-Revision order is set aside.[ S. 32]