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7. When the matter was carried in appeal, the CIT(A) upheld the order of the AO passed under Section 154, on the above aspect, with the following remarks :

"7........ In the present case the appellant in its Depreciation Statement enclosed with the return of income included temporary structures under the group 'Furniture & Fixtures'. Similarly, service line charges have also been incorporated in the Depreciation Statement as an asset under the head 'Electrical Installations' and depreciation charged thereon (Item No. 4), Likewise, computer software has also been capitalised and included as an asset in the depreciation statement by the appellant itself. The AO, therefore, proceeded on the information available in the depreciation statement and allowed depreciation on the aforesaid items at appropriate rates. If the appellant was of the view that such expenses should not have been capitalised and should be debited to the P&L a/c as revenue expenditure nothing prevented the appellant from rectifying its own mistakes, real or perceived, though a revised return at the appropriate stage. Since the AO only acted on the information furnished by the appellant in the statements accompanying the return, there was no mistake, apparent or obvious, committed by the AO which could be rectified under Section 154 of the Act............"