Rajasthan State Electricity Board ... vs The Dy. Commissioner Of Income Tax ...

The Supreme Court addressed the appeal by the Rajasthan State Electricity Board against the High Court's decision upholding additional tax demands under Section 143(1-A) of the Income Tax Act, 1961. The court examined the claim of 100% depreciation made by the assessee due to a bona fide mistake and clarified the applicability of depreciation rates. Ultimately, the court ruled in favor of the assessee, allowing the appeal and setting aside the additional tax demand.