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1 result for “depreciation”+ Section 69Cclear

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Key Topics

Section 143(3)2Section 69C2

DCIT, SAMBALPUR vs. M/S. TARINI LOADING CONTRACTORS, KEONJHAR

In the result, appeal of the revenue is allowed for statistical purposes

ITA 33/CTK/2015[2010-11]Status: DisposedITAT Cuttack24 Aug 2018AY 2010-11
For Appellant: Shri N.Gupta / S. Nanda, ARFor Respondent: Shri D.K.Pradhan,CITDR
Section 143(1)Section 143(2)Section 143(3)Section 69C

depreciation was Rs.9,82,463/-, therefore, the AO calculated cash expenses debited to the profit and loss account at Rs.6,84,36,292/-. 3. The AO found that there is no outstanding expenses disclosed in the balance sheet and total expenditure was paid during the current year and also the creditors of the earlier year A.Y.2009-2010 were paid during