Depreciation is to be allowed even if not claimed in Return

 In view of Explanation 5 to section 32(1), the Assessing Officer was duty-bound to grant depreciation allowance, whether the same is claimed by the assessee or not, provided the conditions mentioned under section 32 are satisfied. IN THE ITAT BANGALORE BENCH ‘B’ Rakesh Singh versus Assistant Commissioner of Income-tax  IT APPEAL NO. 1027 (BANG.) OF 2011 [ASSESSMENT YEAR 2007-08] AUGUST 24, 2012 ORDER George George K, Judicial Member This appeal instituted by the assessee is directed against the order of the CIT (A), Mysore dated 26/8/2011. The relevant assessme...