BG EXPLORATION & PRODUCTION INDIA LIMITED,MUMBAI vs. THE DEPUTY COMMISSIONER OF INCOME TAX DDIT/ADIT (INTERNATIONAL TAXATION ) CIRCLE-1, DEHRADUN
In the result, the appeal of the assessee is partly allowed
ITA 7/DDN/2021[2016-17]Status: DisposedITAT Dehradun14 Dec 2021AY 2016-17
Bench: Shri R.K. Panda & Shri V.P. Raoassessment Years: 2016-17
For Appellant: Sh. Ajay Vohra, Sr. AdvocateFor Respondent: Sh. N.S. Jangpangi, CIT/DR
Section 143(3)Section 144C(13)Section 144C(5)Section 44C
44C with respect to returned income and not income assessed.
Ground No. 10: Disallowance of depreciation
10.1
The learned AO erred in law and in facts in disallowing depreciation of Rs.2,14,46,607
being the difference of depreciation amount between the tax audit report and the computation.
10.2
The learned AO / DRP erred in not appreciating that this difference
