MUTHOOT HEALTHCARE P. LTD,KOZHENCHERRY vs. THE ACIT, , THIRUVALLA

In the result, the appeal of the assessee is partly allowed for statistical

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

depreciation on the assets taken over from the partnership-firm at the revalued figure. In other words, the question is answered in the negative, that is to say, in favour of the revenue and against the assessee. On the additional question referred to us in IT Reference Nos. 112 and 113 of 1996, we answer that Explanation 3 to section

THE ACIT, KOCHI vs. M/S.KUNNEL ENGINEERS & CONTRACTORS P. LTD, KOCHI