ACIT, NEW DELHI vs. M/S. SAMTEL COLOR LTD., NEW DELHI

This appeal is filed by the Assistant Commissioner of Income Tax, Circle – 22(1), New Delhi (the learned AO) in 2000-11, against the order passed by the learned Commissioner of Income Tax (Appeals)- 8, New Delhi dated 10/12/2014; wherein, the appeal filed by the assessee against the order passed by the learned Assessing Officer u/s 143(3) of the Income Tax Act on 27/02/2013, determining total income of the assessee at Rs Nil against the returned income of the assessee filed on 24/9/2010 at Rs. Nil, was partly allowed.

The learned Assessing Officer is aggrieved with the order of the learned CIT(A) wherein he a. deleted the disallowance of depreciation of ₹ 96,97,893/–, b. deleted the disallowance of ₹ 9,46,000/- on account of disallowance of bad debts, c. deleted the disallowance of ₹ 48,258,956 u/s 43B of the act, Page | 1