SH. SANJAY DALMIA,NEW DELHI vs. DCIT, NEW DELHI
In the result all the appeal filed by the assessee are dismissed
ITA 3795/DEL/2014[2006-07]Status: DisposedITAT Delhi05 Oct 2017AY 2006-07
Bench: Shri H.S.Sidhu & Shri Prashant Maharishi
For Appellant: Shri Vinod Kumar Bindal, AdvFor Respondent: Shri SS Rana, CIT DR
Section 132Section 142(1)Section 153ASection 271Section 271(1)(b)
depreciation can be carried forward - Indian Income-tax Act, 1922, ss. 10(2)(vi),
Prov. Cl. (b); 24(2), Prov. (b). Interpretation of statutes - Taxing statutes - Doubt - Assessee entitled to interpretation favourable to him.
iv)
CIT vs. Poddar Cement (P.) Ltd. [19971 226 ITR 625 (SC)
Where there are two possible interpretations of a particular section which is akin