SMT. HARVINDER KAUR,KAPURTHALA vs. A.C.I.T, CENTRAL CIRCLE-I,, JALANDHAR
In the result, the assessee’s appeal is partly allowed for statistical purposes
ITA 328/ASR/2017[2008-09]Status: DisposedITAT Amritsar29 Oct 2018AY 2008-09
Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi. T. A. No. 328/(Asr)/2017 Assessment Year: 2008-09
For Appellant: Sh. Surinder Mahajan (C.A.)For Respondent: Sh. Alok Kumar, CIT-DR
Section 143(3)Section 36(1)(iii)
depreciation (on fixed assets) stands claimed, the interest would, as per proviso to section 36(1)(iii), require being capitalized. The assessee has completely failed to come out, much less exhibit, the bare, basic facts of the case, which is unfortunate, much less rebut the clear findings by the Revenue authorities in the matter or show any infirmity therein
