No. sec. 263 revision to disallow dep. on leasehold land as it was allowed by AO after due application of mind

INCOME TAX : Where Assessing Officer after due application of mind and on proper consideration of material available on record, had allowed claim for depreciation on leasehold land, Commissioner was not justified in revising said order on ground that revenue audit objection was raised in case of assessee with regard to depreciation on leasehold land as intangible asset

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