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1 result for “depreciation”+ Section 156clear

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Key Topics

Section 10(26)2Section 143(3)2Section 2632

INCOME TAX OFFICER, WARD - NORTH LAKHIMPUR, NORTH LAKHIMPUR vs. TAMCHI KUSUK, ITANAGAR

In the result, the appeal as well as Cross Objection both are dismissed

ITA 176/GTY/2010[2004-05]Status: DisposedITAT Guwahati02 Nov 2022AY 2004-05

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

Section 10(26)Section 143(3)Section 144Section 263

section 263. The computation of income in this assessment order reads as under:- “Therefore, based on the above discussions the income is computed as under:- Contract income from Arunachal Pradesh: NIL Income from Tripura: Rs.48,62,252/- (as discussed in para 8) Add: As discussed in para 7 : Rs.1,81,07,565/- Less Depreciation: Rs.10,81,874/- (as discussed