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
43C. That, section 32(1) of the Act provides
for depreciation in respect of building, plant and machinery owned
by the assessee and used for business purposes. It further
provides for deduction subject to section 34. In that matter also, a
similar argument, as in the present case, was advanced on behalf
of the Revenue, namely, that depreciation
