USHA JOHNSON vs. THE COMMISSIONER OF INCOME TAX
ITA/96/2015HC Kerala25 Nov 2020
Bench: HONOURABLE MR.JUSTICE K.VINOD CHANDRAN,HONOURABLE MR. JUSTICE T.R.RAVI
For Respondent: THE COMMISSIONER OF INCOME TAX
Section 263
Section 263 of the Income Tax Act, revised the
assessments as per Annexure B order dated 28.1.2011, on the
ground that they are prejudicial to the revenue. According to the
Commissioner, depreciation was allowable only at the rate of
15% and not 30%. The assessee challenged the order in appeal
before the Tribunal. The Tribunal by order Annexure E dated
