INDIAN FOOTWEAR COMPONENTS MANUFACTURES ASSOCIATION,NOIDA vs. JCIT, RANGE- 1, NOIDA

In the result, appeals of the assessee are partly allowed for statistical purpose

Bench: Sh. R. K. Panda & Ms Suchitra Kamble

depreciation, which is statutory claim even though not claimed in the Income & Expenditure Account; adding amount of membership fee of Rs. 25,000/- twice; and b. holding lifetime membership fee as revenue receipt instead of capital c. receipt 4. The Ld. AO has erred in charging the tax on such additions at maximum marginal rate without appreciating that the registered

INDIAN FOOTWEAR COMPONENTS MANUFACTURES ASSOCIATION,NOIDA vs. JCIT, RANGE- 1, NOIDA

In the result, appeals of the assessee are partly allowed for statistical purpose