Delhi ITAT: Genuine Depreciation Claim Cannot Be Denied for Schedule DPM Omission

SIDH Management Corporate Services Ltd. Vs ITO (ITAT Delhi) Delhi ITAT: Genuine Depreciation Claim Cannot Be Denied Due to Omission in Schedule DPM; Officers Cannot Blame the System The Delhi ITAT allowed the assessee’s appeal, holding that a genuine claim for depreciation under section 32 cannot be denied merely because the assessee inadvertently failed to fill Schedule DPM while filing the return, particularly when the depreciation claim was otherwise disclosed in the return and the omission was later rectified. The assessee-company had filed its return claiming depreciation in Schedul...