In the result, the appeal of the revenue stands dismissed while appeal filed
Bench: Shri P.K.Bansal & Sh. Amit Shuklac & S Electric Ltd., Vs Dcit Ltu, (Formerly Known As Controls & Switchgear New Delhi. Co.Ltd.), 222, Okhla Industrial Estate, Phase-Iii, New Delhi. Pan-Aaacc0909K (Appellant) (Respondent) Dcit (Ltu), Vs C &S Electric Ltd., Nbcc Plaza, Pushp (Formerly Known As M/S. Control & Vihar, Sector-Iii, Switchgear Co. Ltd.), New Delhi-110017. 22, Okhla Industrial Estate, New Delhi-110020. Pan-Aaacc0909K (Appellant) (Respondent)
section 115W is clear in this regard. We, therefore, delete the disallowance of Rs.11,55,832/-. Thus, Ground No.4 raised by the assessee is allowed while Ground No.4 taken by the revenue stands dismissed. 17. Ground No.5 in revenue’s appeal relates to the claim of the depreciation on goodwill amounting to Rs.5,35,254/-. The AO did not accept