Search: depreciation

1 result for “depreciation”+ Section 142Aclear

Sorted by relevance

Bangalore8 Hyderabad8 Indore7 Mumbai5 Surat4 Delhi4 Lucknow4 Pune4 Chandigarh3 Kolkata1 SC1 Karnataka1 Cochin1 Jaipur1 Chennai1

DCIT, MADURAI vs. PANDYAN HOTELS LIMITED, MADURAI

In the result, the assessee’s appeal is dismissed

ITA 1020/CHNY/2016[2012-13]Status: DisposedITAT Chennai16 Oct 2017AY 2012-13

Bench: Shri Sanjay Arora & Shri Duvvuru Rl Reddyआयकर अपील सं./Ita No.1020/Mds/2016 "नधा"रण वष" / Assessment Year : 2012-13

For Appellant: Shri Arun Kurian Joseph, AdvocateFor Respondent: 02.08.2017

Section 142ASection 143(3)

142A of the Act, who valued it at ". 151.21 lacs (vide valuation report (VR) dated 26.06.2014/copy on record), i.e., at a minor difference of ".7.84 lacs. Adopting the same, the AO, regarding the entire expenditure as capital, allowed depreciation thereon at the rate exigible to a building. The ld. CIT(A), in view of it being nominal – less than