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Earlier year decision is not binding on assessee or department in subsequent year
Case Law Details
- Case Name
- S.P. Chips Potato Pvt. Ltd Vs DCIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Ahmedabad
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S.P. Chips Potato Pvt. Ltd Vs DCIT (ITAT Ahmedabad)
Held that principle of res judicata is not applicable to decision of revenue authorities and, therefore, decisions given in an assessment for an earlier year are not binding either on assessee or on department in a subsequent year.
Facts-
The case of the assessee was selected for scrutiny and the assessee claimed depreciation @30% on opening WDV of Rs 22.95 lakhs under the head “plant and machinery”. Pr. CIT noticed that no such asset eligible for depreciation @30% is found under the head “plant and machinery”. It was...
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