Assessee can ask for application of correct rate of Depreciation during Assessment

IN THE ITAT CHENNAI BENCH ‘D’ Income Tax Officer, Ward-II(2) v. Sri Balaji Sago and Starch Products IT Appeal No. 2081 (Mds.) of 2010 c.o. no. 20 (mds.) of 2011 [assessment year 2007-08] March 8, 2012 ORDER Dr. O.K. Narayanan, Vice-President – The appeal is filed by the Revenue. The cross objection is filed by the assessee. The relevant assessment year is 2007-08. The appeal and the cross objection are directed against the order passed by the Commissioner of Income-tax(Appeals) at Salem on 20.09.2010 and arise out of the assessment completed under sec.143(3) ...