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
Bench: Ms. Madhumita Roy & Shri Naveen Chandra
For Appellant: Sh. Mahesh Kumar CA &For Respondent: Sh. Mahesh Kumar, CIT, DR
Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 263
68,61,227/ as
deductible business expenses i.e. difference between statutory
deduction and the allowable expenses to tune of Rs.
44,12,78,910/-. In this connection, we would like to state that the
said proposition will actually result in the loss of revenue because
in such case the assessee will also be entitled to depreciation
allowance amounting to Rs.60
