ITAT Visakhapatnam held that revision u/s. 263 quashed as AO already disallowed the claim of depreciation while framing assessment and assessed income at NIL due to proper application of funds.
Delhi HC order whether reassessment u/s 147 permissible for AO after closure of proceedings u/s 143 resulting in under assessment of income The Delhi High Court has made it clear that once scrutiny ...