COMMISSIONER OF INCOME TAX (EXEMPTION) KOLKATA vs. INTEGRATED EDUCATION & RESEARCH CENTRE FOR ENGINEERING & MAN
The appeal stands dismissed
ITAT/276/2017HC Calcutta28 Jul 2022
Bench: : The Hon’Ble Justice T.S. Sivagnanam & The Hon’Ble Justice Bivas Pattanayak Date : 28Th July, 2022 Appearance : Mr. Soumen Bhattacharjee, Adv. ….For Appellant Mr. Dwip Raj Basu, Adv. …For Respondent The Court :- This Appeal By The Revenue Filed Under Section 260A Of The Income Tax Act, 1961 (The Act, For Brevity) Is Directed Against The Order Dated 1St June, 2016, Passed By The Income Tax Appellate Tribunal “C” Bench, Kolkata In Ita No. 620/Kol/2016 For The Assessment Year 2012-13. The Revenue Has Raised The Following Substantial Questions Of Law For Consideration. I) Whether On The Facts & In The Circumstances Of The Case, The Learned Tribunal Erred In Law In Not Considering That Allowing Depreciation In Respect Of A Depreciable Asset For Which The Assessee
Section 11(6)Section 143(3)Section 260ASection 263Section 32Section 35(2)(iv)
charitable trust, filed its return of income for the
assessment year under consideration 2012-13 declaring the total income as
nil. The Income Tax Officer (Exemption) – 1, Kolkata, who was the assessing
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officer, completed the assessment under Section 143(3) determining the total
income of the assessee at Rs.41,615/-. In the return of income the assessee
claimed depreciation
