AMBIENCE DEVELOPERS AND INFRASTRUCTURE PRIVATE LIMITED,DELHI vs. PCIT (CENTRAL), DELHI-2 JHANDEWALAN, NEW DELHI, DELHI
ITA 1868/DEL/2025[2018-19]Status: DisposedITAT Delhi12 Sept 2025AY 2018-19
For Appellant: \nSh. Mahesh Kumar CA &For Respondent: \nSh. Mahesh Kumar, CIT, DR
Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 263
68,61,227/ as\ndeductible business expenses i.e. difference between statutory\ndeduction and the allowable expenses to tune of Rs.\n44,12,78,910/-. In this connection, we would like to state that the\nsaid proposition will actually result in the loss of revenue because\nin such case the assessee will also be entitled to depreciation\nallowance amounting to Rs.60
