M/S SCANIA COMMERCIAL VEHICLES INDIA PVT LTFD,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-6(1)(1), BANGALORE
The Appeal of the Assessee is allowed
ITA 261/BANG/2022[2017-18]Status: DisposedITAT Bangalore16 Dec 2025AY 2017-18
Bench: Shri Prashant Maharishi, Vice – & Shri Keshav Dubey
For Appellant: Shri Narendra Kumar Jain, Advocate
Section 143(3)Section 68Section 92C
bogus because of the reason that the original addition made u/s. 68 of the Act was deleted and depreciation was disallowed. The depreciation disallowance was not on account of user of the assets but only for the reason that Assessee did not explain to the satisfaction of the Ld.
Assessing Officer the sources of fund for purchase of assets
