Higher Depreciation Restored as 143(1) Can’t Decide Debatable Claims

Vikas Goyal Vs DCIT (ITAT Bangalore)

143(1) Has Its Limits: ITAT Bangalore Allows 30% Depreciation on Goods Carriages; CPC Cannot Decide Debatable Issues at Processing Stage

Bangalore ‘ ITAT quashed the adjustment made by CPC while processing the return u/s 143(1) and allowed the Assessee’s claim of higher depreciation @30% on goods carriage vehicles used in transportation business.

The Tribunal held that CPC exceeded its

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