Revision u/s 263 - AO allowed depreciation at 25% on the right to lease hold land - The Tribunal has...

Revision u/s 263 - AO allowed depreciation at 25% on the right to lease hold land - The Tribunal has held that mere inadequacy of an enquiry or insufficiency of material on record cannot be a ground to invoke powers under Section 263 of the Act. The view taken by the Tribunal is in consonance with well settled legal principles - HC .....

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