COMMISSIONER OF INCOME TAX vs. M/S.NEELACHAL ISPAT NIGAM LTD.

In the result, this Income Tax Appeal is allowed, setting

Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK

depreciation for the assessment year 2011-12 and since the first appellate authority allowed the same, it exceeded its jurisdiction to further direct the Assessing officer to reopen the assessment proceedings ITA NO. 11 OF 2018 -6- for the assessment year 2010-11 and 2012-13 onwards, more so when there was no appeal by the revenue. The Tribunal came