JABIL CIRCUIT INDIA P. LTD.,MUMBAI vs. PR. CIT -3, MUMBAI
In the result, the appeal of the assessee is allowed
ITA 349/MUM/2021[2013-14]Status: DisposedITAT Mumbai08 Feb 2024AY 2013-14
For Respondent: \nShri Nitesh Joshi
Section 143(3)Section 144C(13)Section 263
that each\nindividual asset forming part of the block of assets are used for\nthe purposes of business.\n(iii) As per section 43(6)(c)(B) of the Act, the written down\nvalue of the block of assets can be reduced only by the reduction\nof the moneys payable ... motor car 2 of Rs.4 lakh. If motor car 1 is sold\nduring the year for Rs.40,000, as per section 43(6)(c)(B) of the\nAct, the amount of Rs.40,000 will be reduced from the written\ndown value of the block of assets of motor
