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Income Tax Appellate Tribunal, “C” BENCH : BANGALORE
Before: SHRI SUNIL KUMAR YADAV & SHRI A.K. GARODIA
Per Sunil Kumar Yadav, Judicial Member
This appeal is preferred by the Revenue against the order of CIT(Appeals), LTU, Bangalore dated 24.7.2014 for the assessment year 2005-06 inter alia on the following grounds:-
“The CIT(A) has erred in directing the AO to delete the addition made towards depreciation allowance in respect of leasehold improvements for earlier assessment year i.e. 2001-01 to 2004-05 since the earlier year’s depreciation of 45,32,120 was not allowed in the order u/s. 143(3) for AY 05-06 and, therefore, adding it back to the total income was incorrect.”
During the course of hearing, the ld. DR has moved an application for withdrawal of appeal, to which the assessee has no objection. In light of the request of the ld. DR, we dismiss the appeal of the Revenue as withdrawn.
In the result, the appeal is dismissed.
Pronounced in the open court on this 1st day of April, 2016.