GE MONEY FINANCIAL SERVICES PVT. LTD.,DELHI vs. DCIT, NEW DELHI

In the result ground, no

Bench: Shri A.T.Varkey & Shri Prashant Maharishi

depreciation of Rs.2,90,56,780/-u/s 32 of the Act denovo in view of the decision of Hon‟ble Supreme Court in case of ICDS Ltd ( Supra) and our observation made above. In the result ground, no .2 of the appeal is allowed with above direction. 12. Ground No.3 is regarding confirmation of the addition

DCIT, NEW DELHI vs. M/S IFCI LTD., NEW DELHI

Bench: Ms Suchitra Kamble & Shri Prashant Maharishi

depreciation or business loss has not been claimed as per the companies act. On questioned, the assessee submitted that provisions for doubtful debts are to be reduced from sundry debtors while preparing the accounts as per the companies act and such provisions are required to be made in accordance with schedule VI of the companies act. Assessee relied upon

DCIT, NEW DELHI vs. M/S IFCI LTD., NEW DELHI

Bench: Ms Suchitra Kamble & Shri Prashant Maharishi

depreciation or business loss has not been claimed as per the companies act. On questioned, the assessee submitted that provisions for doubtful debts are to be reduced from sundry debtors while preparing the accounts as per the companies act and such provisions are required to be made in accordance with schedule VI of the companies act. Assessee relied upon

IFCI LTD.,NEW DELHI vs. DCIT, NEW DELHI

Bench: Ms Suchitra Kamble & Shri Prashant Maharishi

depreciation or business loss has not been claimed as per the companies act. On questioned, the assessee submitted that provisions for doubtful debts are to be reduced from sundry debtors while preparing the accounts as per the companies act and such provisions are required to be made in accordance with schedule VI of the companies act. Assessee relied upon

DCIT, NEW DELHI vs. M/S. IFCI LTD., NEW DELHI

Bench: Ms Suchitra Kamble & Shri Prashant Maharishi

depreciation or business loss has not been claimed as per the companies act. On questioned, the assessee submitted that provisions for doubtful debts are to be reduced from sundry debtors while preparing the accounts as per the companies act and such provisions are required to be made in accordance with schedule VI of the companies act. Assessee relied upon

IFCI LTD.,NEW DELHI vs. DCIT, NEW DELHI

Bench: Ms Suchitra Kamble & Shri Prashant Maharishi

depreciation or business loss has not been claimed as per the companies act. On questioned, the assessee submitted that provisions for doubtful debts are to be reduced from sundry debtors while preparing the accounts as per the companies act and such provisions are required to be made in accordance with schedule VI of the companies act. Assessee relied upon

M/S. IFCI LIMITED,NEW DELHI vs. DCIT, NEW DELHI

Bench: Ms Suchitra Kamble & Shri Prashant Maharishi

depreciation or business loss has not been claimed as per the companies act. On questioned, the assessee submitted that provisions for doubtful debts are to be reduced from sundry debtors while preparing the accounts as per the companies act and such provisions are required to be made in accordance with schedule VI of the companies act. Assessee relied upon

IFCI LTD.,NEW DELHI vs. DCIT, NEW DELHI

Bench: Ms Suchitra Kamble & Shri Prashant Maharishi

depreciation or business loss has not been claimed as per the companies act. On questioned, the assessee submitted that provisions for doubtful debts are to be reduced from sundry debtors while preparing the accounts as per the companies act and such provisions are required to be made in accordance with schedule VI of the companies act. Assessee relied upon

DCIT, NEW DELHI vs. M/S IFCI LTD., NEW DELHI

Bench: Ms Suchitra Kamble & Shri Prashant Maharishi

depreciation or business loss has not been claimed as per the companies act. On questioned, the assessee submitted that provisions for doubtful debts are to be reduced from sundry debtors while preparing the accounts as per the companies act and such provisions are required to be made in accordance with schedule VI of the companies act. Assessee relied upon

M/S. HOUSING & URBAN DEVELOPMENT CORPORATION LTD. (HUDCO),NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result, the appeal of the revenue in ITA No

Bench: Shri M. Balaganesh & Shri Yogesh Kumar U.S.

depreciation of Rs. 18,06,443/- by following the similar disallowance made in the earlier years. This action of the ld AO was upheld by the ld CIT(A). ITA No. 3262/Del/2015 (AY: 2011-12) ITA Nos. 3904 &3905/Del/2015 HUDCO 4.2. We find that the issue is no longer res integra in view of the decision

DCIT, NEW DELHI vs. M/S HUDCO LTD.,, NEW DELHI

In the result, the appeal of the revenue in ITA No

Bench: Shri M. Balaganesh & Shri Yogesh Kumar U.S.

depreciation of Rs. 18,06,443/- by following the similar disallowance made in the earlier years. This action of the ld AO was upheld by the ld CIT(A). ITA No. 3262/Del/2015 (AY: 2011-12) ITA Nos. 3904 &3905/Del/2015 HUDCO 4.2. We find that the issue is no longer res integra in view of the decision