ITO (EXEMPTIONS), NEW DELHI vs. M/S. S.S. MOTA SINGH (NILA) CHARITABLE TRUST, NEW DELHI
In the result, the appeal of the Revenue is dismissed
ITA 3639/DEL/2015[2007-08]Status: DisposedITAT Delhi28 Jan 2019AY 2007-08
Bench: Shri Amit Shukla & Shri O.P. Kantassessment Year: 2007-08 Ito(Exemptions), Vs. S.S. Mota Singh(Nila) Ward-2(1),New Delhi Charitable Trust, C-103, 10Th Floor, Himalaya House, K.G. Marg, New Delhi Pan :Aaats3761J (Appellant) (Respondent) Appellant By Shri Praveen Kumar, Sr.Dr Respondent By None Present
Section 11(1)Section 143(3)Section 32Section 32(1)
147 of the Income-tax Act,
1961 (for short ‘the Act’), the Assessing Officer disallowed the claim of depreciation of Rs.80,66,227/- on the ground that corresponding purchase of the assets in earlier year was already allowed as application income. Before the Ld. CIT(A), the assessee challenged the reassessment proceedings and disallowance of depreciation
