It was submitted that an opportunity should be given to have the matter examined properly regarding the amount of depreciation claimed
The Income Tax Appellate Tribunal (ITAT) Ahmedabad has directed rectification after finding that depreciation was wrongly considered as net profit in the intimation issued under Section 143(1) of the Income Tax Act for the Assessment Year 2017–18. The appellant, Gujarat State Aviation Infrastructure Company Limited, challenged the order passed by the Commissioner of Income Tax…
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