ACIT, CHENNAI vs. VALLIAMMAI SOCIETY, CHENNAI
In the result, appeal of the Revenue is dismissed whereas cross objection of the assessee is dismissed as infructuous
ITA 440/CHNY/2017[2012-13]Status: DisposedITAT Chennai05 Apr 2018AY 2012-13
Bench: Shri N.R.S. Ganesan & Shri Abraham P. George] आयकर अपील सं./I.T.A. No. 440/Chny/2017 & C.O. No.48/Chny/2017 (In Ita No.440/Chny/2017) "नधा"रण वष" /Assessment Year : 2012-2013
For Appellant: Shri. B. S. Purushottam, C.AFor Respondent: Mrs. Ruby George, IRS, CIT
Section 11Section 12ASection 133(6)
131 Taxman 386 (Bombay)].In the said judgment, the contention of the Department predicated on double benefit was turned down in the following manner:
3. As stated above, the first question which requires consideration by this Court is: whether depreciation was allowable on the assets, the cost of which has been fully allowed as application of income under section
