2 results for “depreciation”+ Section 73clear
Sorted by relevance
In the result, the appeal of the assessee is partly allowed
Bench: Shri M. Balaganeshm/S Shri Kaila Devi Ice & Cold Vs. Income Tax Officer, Storage Ward-4(4), 19-20, Adesh Nagar, Sheetla Agra Road, Khandari, Agra. (Appellant) (Respondent) Pan: Aazfs2787H Assessee By : Shri Rajesh Malhotra, Ca Revenue By: Shri Anil Kumar, Sr. Dr Date Of Hearing 22/01/2026 Date Of Pronouncement 03/02/2026
73,499/- i.e Rs. 4.75+4.25+5.00=Rs. 14/- per bag of 50 kg. Assessee itself accepted that if interest element is excluded form the total hire charges, then hire charges amounted to Rs. 1,02,45,704/- being the charges @ Rs. 56 per bag of 50 kg. Since, this year the assessee has inflated the expenses under the head