M/S. MANGALORE ROUND TABLE TRUST,MANGALORE vs. COMMISSIONER OF INCOME TAX (EXEMPTIONS), BANGALORE
In the result, the appeal is partly allowed
ITA 2472/BANG/2019[2019-20]Status: DisposedITAT Bangalore12 Feb 2020AY 2019-20
Bench: Shri N.V.Vasudevan & Shri A.K.Garodiaita No.286(Bang)/2019 (Assessment Year : 2007-08) M/S Shetty Constructions, Shetty Enclave, Aland Road, Kalaburagi-585 103 Panno.Aaffs1811G Appellant Vs The Asst. Commissioner Of Income Tax, Circle-(1), Kalaburagi Respondent Appellant By : Shri Sreehari Kutsa, Advocate Revenue By : Shri Manjeet Singh, Addl.Cit
For Appellant: Shri Sreehari Kutsa, AdvocateFor Respondent: Shri Manjeet Singh, Addl.CIT
Section 133ASection 142ASection 143(1)Section 143(3)Section 69
depreciation was also claimed on this asset. This fact was not disputed by the assessee. The Shah Bazar Site was not at all shown in the balance sheet. All the constructions under consideration, including the Fun Junction Multiplex which was classified as fixed asset in the balance sheet of the assessee, were built on this site only. There is nothing
