Validity of condition imposed under Rule 5(1A) proviso (ii) - the Tribunal was not correct in holding...

Validity of condition imposed under Rule 5(1A) proviso (ii) - the Tribunal was not correct in holding that in the absence of prescription of any time limit under Section 32 of the Act, the condition mentioned in the second proviso to Rule 5(1A) of the Rules to exercise the option with regard to depreciation at the time of filing of the return under Section 139(1) of the Act is invalid, is not correct. .....

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