Case Law Analysis
|Income Tax Appellate Tribunal
Section 32 Income Tax Act | ITAT Mumbai Permits Correction of Depreciation Computational Errors During Assessment Even Without Revised Return : ITAT
ITAT Mumbai rules that inadvertent computational errors in depreciation claims can be rectified during assessment proceedings under Section 32 of the Income Tax Act, even if no revised return was filed. The decision underscores the appellate authority's jurisdiction to entertain such corrections, providing relief to taxpayers facing similar procedural hurdles.