[2014] 50 taxmann.com 235 (Panaji - Trib.)
IN THE ITAT PANAJI BENCH
V.M. Salgaonkar & Bro. (P.) Ltd.
v.
Commissioner of Income-tax, Panaji*
P.K. BANSAL, ACCOUNTANT MEMBER
AND D.T. GARASIA, JUDICIAL MEMBER
IT APPEAL NO. 63 (PNJ.) OF 2013
[ASSESSMENT YEAR 2008-09]
AUGUST 8, 2013
Section 32, read with section 263, of the Income-tax Act, 1961 - Depreciation - Additional Depreciation - Assessment year 2008-09 - Whether where Assessing Officer allowed assessee's claim for additional depreciation on windmills and machinery after taking into consideration relevant material on record, there being no infirmity in said order, impugned revisional order passed by Commissioner deserved to be set aside - Held, yes [Para 8][In favour of assessee]
IN THE ITAT PANAJI BENCH
V.M. Salgaonkar & Bro. (P.) Ltd.
v.
Commissioner of Income-tax, Panaji*
P.K. BANSAL, ACCOUNTANT MEMBER
AND D.T. GARASIA, JUDICIAL MEMBER
IT APPEAL NO. 63 (PNJ.) OF 2013
[ASSESSMENT YEAR 2008-09]
AUGUST 8, 2013
Section 32, read with section 263, of the Income-tax Act, 1961 - Depreciation - Additional Depreciation - Assessment year 2008-09 - Whether where Assessing Officer allowed assessee's claim for additional depreciation on windmills and machinery after taking into consideration relevant material on record, there being no infirmity in said order, impugned revisional order passed by Commissioner deserved to be set aside - Held, yes [Para 8][In favour of assessee]
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