M/S CONSTRUCATIONENGINEERS,SRINAGAR vs. ASSISTAN COMMISSIONER OF INCOME TAX CIRCLE-3, SRINAGAR

In the result, the appeal bearing ITA No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No.141/Asr/2020 Assessment Year: 1998-99 M/S Construction Engineers I.E. Vs. Asstt. Commissioner Of Baghatbarzulla Income Tax Circle-3, [Pan: Aabfc7715P] Srinagar. (Respondent) (Appellant)

depreciation. The said addition therefore, deserve to be deleted.” I.T.A. No.141/Asr/2020 3 Assessment Year: 1998-99 4. Brief fact of the case is that the assessment was completed U/s 143(3)/264 of the Act. Following the order U/s 264 of the ld. CIT, the ld. AO confirmed the Net Profit (NP) rate @12.5% on turn over amount

MESERS SHRI SWAMI SHANKARNATH PARVAT CHARITABLE AND WELFARE TRUST ,KAPURTHALA vs. THE COMMISSIONER OF INCOME TAX (EXEMPTIONS), CHANDIGARH

In the result, the assessee appeal is allowed