M/S AC CARGO MANAGEMENT P.LTD,,COCHIN vs. THE ITO, COCHIN
In the result, the appeal of the assessee is partly allowed
ITA 320/COCH/2013[2007-08]Status: DisposedITAT Cochin23 Mar 2017AY 2007-08
Bench: Shri Abraham P. George & Shri George George. K.] आयकर अपील सं./I.T.A. No. 320/Coch/2013. िनधा"रण वष" /Assessment Year : 2007-2008. Vs. M/S. Ac Cargo Management The Income Tax Officer, Pvt. Ltd, Ward 1(1) 1St Floor, Chacko Chambers, Kochi Civil Lines Road, Palarivattom, Kochi 682 025. [Pan Aaeca 2206K] (अपीलाथ" अपीलाथ" अपीलाथ"/Appellant) अपीलाथ" (ू"यथ" ू"यथ" ू"यथ"/Respondent) ू"यथ"
For Appellant: Shri. R. Krishnan, C.A
Section 194Section 194CSection 194ISection 40
section 40(a)(ia) and disallow the expenditure of the truck lease payments".
However, ld. Assessing Officer was of the opinion that all types of
vehicles were included under category III with the heading ‘’plant and
machinery’’ appearing in New Appendix I to IT Rules 1962, which
gave the depreciation rates. As per ld. Assessing Officer Memorandum
of understanding
