ACIT, NEW DELHI vs. M/S. MEROFORM INDIA PVT LTD., NOIDA
In the result appeals filed by the revenue are dismissed and appeal filed by the assessee is partly allowed
ITA 4632/DEL/2014[2008-09]Status: DisposedITAT Delhi31 Jul 2018AY 2008-09
Bench: Shri Amit Shukla & Shri L.P. Sahu
For Appellant: Shri S.K. Tulsiyan CAFor Respondent: Smt. Shafali Swaroop, CIT(DR)
Section 153ASection 40A
depreciation on car etc.
Sale of Scrap
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1,74,23,441
3. Whereas on merits the assessee has challenged in the appeal for assessment year 2011-12 following two additions: -
i) Addition on account of scrap sales: Rs.1,16,15,628/-
ii) Disallowance on account of low declaration of income: Rs. 11,84,425/-
4. The assessee in the revenue
