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2 results for “depreciation”+ Section 10B(4)clear

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Key Topics

Section 2557Section 2635Section 255(8)3Section 113Section 255(7)2

M/S. L.A.DEVELOPERS,BHUBANESWAR vs. CIT, BHUBANESWAR

In the result, appeal of the assessee stands dismissed

ITA 273/CTK/2015[2008-09]Status: DisposedITAT Cuttack09 May 2022AY 2008-09

Bench: Before S/Shri George Mathan, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaassessment Year : 2008-2009 2009 M/S. M/S. L.A.Developers, L.A.Developers, Hig Hig-47, Vs. Cit, 2Nd Floor, Floor, Jayadev Jayadev Bhubaneswar. Bhubaneswar. Vihar, Bhubaneswar. Vihar, Bhubaneswar. Pan/Gir No. No.Aacfl 6157 D (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri P.C.Sethi, Ar , Ar Revenue By : Shri M.K.Gautam, Cit (Dr) Date Of Hearing : 02 /6/ 20 / 2022 Date Of Pronouncement : 02 / /6/2022 O R D E R

For Appellant: Shri P.C.Sethi, ARFor Respondent: Shri M.k.Gautam
Section 255Section 255(7)Section 255(8)Section 263

4 | 10 Assessment Year : 2008-2009 current liabilities shown in the balance sheet as on 31.3.2008 vis-à-vis the same shown in the cash flow statement filed before the Assessing Officer. It was the submission that the assessee had filed his reply dated 25.2.2015, wherein, the assessee had challenged the action of the ld CIT. Ld A.R. has submitted

DHANESWAR RATH INSTITUTE OF ENGINEERING AND MEDICAL SCIENCES,CUTTACK vs. CIT(EXEMPTION), HYDERABAD

In the result, appeal of the assesse is allowed

ITA 134/CTK/2021[2016-17]Status: DisposedITAT Cuttack17 May 2022AY 2016-17
For Appellant: Shri D.Parida/C.ParidaFor Respondent: Shri M.K.Goutam
Section 11Section 143(3)Section 263

4. After hearing the rival submissions, we are satisfied that the assessee was prevented by sufficient cause in not filing within the stipulation period. Therefore, we condone the delay of 198 days and admit the appeal for adjudication. 5. The sole grievance raised in the grounds of appeal is that the CIT(Exemptions), Hyderabad has passed the revision order u/s.263