Bench: Shri Waseem Ahmed & Ms. Madhumita Roysl. Ita No(S) Asset. Appeal(S) By No Year(S) Appellant Vs. Respondent (S) Appellant Respondent 1-2 438-439/Ahd/2018 2008-09 Ascent Finechem Pvt. A.C.I.T, Circle- & Ltd., 1(1)(2), 2009-10 11, Ground Floor, Ahmedabad. Suryarath, B/H. Whilte House, Panchawati, Ahmedabad-380015. Pan No.Aabca6349Q
section 32A. Following the decisions in the cases of CIT v. Warner Hindustan Ltd. [1979] 117 ITR 15 (AP) and CIT v. Hindusthan Motors Ltd. [1988] 170 ITR 431/39 Taxman 54 (Cal.) , it is well settled that an object or a thing which is beneficia1 to the carrying on the business of the assessee to earn the taxable income could