[aaykarbhavan] A brief assessment order couldn’t be held as erroneous even if there was legal requirement to give detailed order

A brief assessment order couldn't be held as erroneous even if there was legal requirement to give detailed order

November 14, 2014[2014] 50 taxmann.com 208 (Mumbai - Trib.)/[2014] 160 TTJ 731 (Mumbai - Trib.)

IT : Writing an assessment order in detail may be a legal requirement but order not fulfilling this requirement cannot be said to be erroneous and prejudicial to interest of revenue

IT : Once business had been set up, assessee is lawfully entitled to claim all business expenditure and allowances including depreciation

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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