ACIT, ERODE vs. SKM EGG PRODUCTS EXPORT (INDIA) LIMITED, ERODE
In the result, both the appeals filed by the Revenue are dismissed
ITA 3557/CHNY/2018[2009-10]Status: DisposedITAT Chennai08 Jul 2019AY 2009-10
Bench: Shri Inturi Rama Rao & Shri Duvvuru Rl Reddyआयकर अपील सं./I.T.A. Nos. 3556 & 3557/Chny/2018 िनधा"रण वष"/Assessment Years: 2008-09 & 2009-10 The Assistant Commissioner Of M/S. Skm Egg Products Export (I) Ltd., Income Tax Circle 1, Vs. No. 185, Chennimalai Road, No. 15, Gandhiji Road, Erode 638 001. Erode 638 001. [Pan: Aaccs7160G] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri Sailendra Mamidi, Pcit ""थ" की ओर से/Respondent By : Shri G. Baskar, Advocate सुनवाई की तारीख/ Date Of Hearing : 08.05.2019 घोषणा की तारीख /Date Of Pronouncement : 08.07.2019 आदेश /O R D E R Per Duvvuru Rl Reddy: Both The Appeals Filed By The Revenue Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 3, Coimbatore Both Dated 31.10.2018 Relevant To The Assessment Years 2008-09 & 2009-10. In Both The Appeals, The Revenue Has Raised Following Common Grounds: “1. Whether On The Facts & Circumstances Of The Case & In Law The Cit(A) Is Right In Allowing The Appeal Of The Assessee Against The Order U/S 154 Of A.O. Dated 13.02.2018 Directing To Allow Set Off Of Available Brought Forward Unabsorbed 'Depreciation Losses After Giving Effect To The Order Of The Cit(A) In The Assessee'S Own Case For The A.Y. 2008-09?
For Appellant: Shri Sailendra Mamidi, PCITFor Respondent: Shri G. Baskar, Advocate
Section 10BSection 10B(6)Section 10B(6)(i)Section 10B(8)Section 143(3)Section 154Section 264
depreciation available for set-off from A.Y
2008-09 onwards.
2.1
Relying on this, in the assessment order passed under section 143(3) on 31.12.2010 for the A.Y 2008-09, the Assessing Officer assessed the income at ₹.14,38,03,371/-. In the assessment order, the Assessing Officer also dealt with the applicability of the provisions of section 10B
