ITAT Ahmedabad Allows Additional Depreciation Because Claim Was Bonafide Oversight

Heena Parthiv Thakkar Vs ADIT ( ITAT Ahmedabad) The case of Heena Parthiv Thakkar vs. ADIT before the Income Tax Appellate Tribunal (ITAT) Ahmedabad centered on a dispute over depreciation and additional depreciation claims for the Assessment Year 2020-21. The core issue was the disallowance of a portion of regular depreciation by the Assessing Officer (AO) during the processing of the assessee’s return and the subsequent denial of a claim for additional depreciation made for the first time during the appellate proceedings. The assessee, Heena Parthiv Thakkar, filed a return of income d...