Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2010 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (3) TMI 828 - GUJARAT HIGH COURTHigher claim of depreciation to the assessee on the basis of the valuation - claim was not entertained by the Assessing Officer on the ground that in the absence of any revised return, the claim could not be processed - Held that:- power of the Assessing Officer to entertain a claim for deduction otherwise than by filing a revised return. The apex court has made it clear that "the issue in this case is limited to the power of the assessing authority and does not impinge on the power of the Income-tax Appellate Tribunal under section 254 of the Income-tax Act, 1961", contention based on application of decision in case of Goetze (India) Ltd. (2006 - TMI - 5171 - SUPREME Court) is misconceived in law, none of the grounds pleaded or urged at the time of hearing does the impugned order of the Tribunal give rise to any question of law, much less a substantial question of law, appeal is accordingly dismissed
|