M/S. SYNGENE INTERNATIONAL LIMITED,BANGALORE vs. JOINT COMMISSIONER OF INCOME TAX, SPECIAL RANGE- 6, BANGALORE
In the result, the appeal filed by the assessee is partly allowed for statistical purposes
ITA 147/BANG/2020[2010-11]Status: DisposedITAT Bangalore13 Jun 2022AY 2010-11
Bench: Shri Chandra Poojari & Shri George George K.Assessment Year: 2010-11
For Appellant: Sri Padamchand Khincha, A.RFor Respondent: Sri Sumer Singh Meena, DR
Section 10ASection 10BSection 14ASection 250Section 32(1)(iia)Section 80
208
15%
2,82,352
42,353
2,39,999
Vehicles
2,30,796
1,53,865
60%
3,84,661
Computers
Total
4,62,54,473
65,23,656
3,97,30,817
3.12
Thus, the decrease in the value of the closing WDV of assets is only on account of depreciation and there is no transfer of assets
