DCIT vs. M/S FIZA DEVELOPERS & INTERTRADE PVT. LTD.,,
In the result, the ground of appeal is allowed statistical purposes
ITA 1026/BANG/2013[2007-08]Status: DisposedITAT Bangalore29 Jul 2022AY 2007-08
Bench: Shri N.V. Vasudevan & Shri Laxmi Prasad Sahuassessment Year : 2007-08
For Appellant: Shri Dilip for K.V. Arivind, Standing CounselFor Respondent: Sri Narendra Sharma, A.R
Section 131Section 153ASection 68Section 80Section 80I
section 801A(5), un absorbed depreciation of the previous assessment year should be accounted before claim 801A deduction. By virtue of this the assessee becomes incomes ineligible for 801A deduction.
2. The learned CIT(A) has deleted the addition of Rs.14,05,579/- made on account of bogus credits in the name of Hyder Ali, by stating that the transactions
