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1 result for “depreciation”+ Section 245C(1)clear

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Section 143(3)3

SANTECH SOLUTONS PVT LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, the appeal of the assessee is treated as 9

ITA 1036/CHNY/2016[2008-09]Status: DisposedITAT Chennai07 Dec 2017AY 2008-09

Bench: Shri Abraham P.George & Shri George Mathanआयकर अपील सं./I.T.A. No.1036/Mds/2016 "नधा"रण वष" /Assessment Year : 2008-2009

For Appellant: Shri. D. Anand, AdvocateFor Respondent: Dr. S. Pandian, IRS, JCIT
Section 143(3)Section 148Section 28

depreciation for deduction of ₹1,50,74,601/- in place of ₹6,44,589/- is not admissible’’. Thus, the only reasonable conclusion that can be drawn is that ld. Assessing Officer, while framing the original assessment was aware of the recovery of "1,05,93,698/- made by the assessee on its semi finished M/s. Health Q Software product from