ADHIKAR,BHUBANESWAR vs. ITO, WARD-2(1), BHUBANESWAR
In the result, appeal of the assessee is partly allowed
ITA 255/CTK/2017[2012-13]Status: DisposedITAT Cuttack27 Sept 2018AY 2012-13
Bench: S/Shri N.S Saini & Pavan Kumar Gadaleassessment Year : 2012-2013
For Appellant: Shri S.C.Bhadra, ARFor Respondent: Shri Subhendu Datta, DR
Section 11Section 11(1)(a)Section 28Section 29Section 30Section 32Section 32(1)Section 34Section 43C
capital expenditure in earlier years and, therefore, depreciation
is not allowable during the year under appeal as it will amount to
double deduction to the assessee.
5. We find that the issue is now settled by the Hon’ble
Supreme Court in the case of Rajasthan and Gujrati Charitable
and Foundation Poona, reported in 402 ITR 441 (SC), wherein
