M/S. RAHMAN PROPERTIES LIMITED,GUWAHATI vs. JOINT COMMISSIONER OF INCOME TAX, RANGE-2, GUWAHATI
In the result, the appeal of the assesseeis allowed
ITA 241/GTY/2019[2005-06]Status: DisposedITAT Guwahati26 Aug 2025AY 2005-06
Bench: Shri Rajesh Kumar, Am & Shri Manomohan Das, Jm Joint Commissioner Of Income M/S Rahman Properties Limited Tax, Range-2, Guwahati C/O Hotel Dynasty, S.S. Road, 5Th Floor, Aaykar Bhavan, Lakhtokia, Guwahati-781001, Vs. Christian Basti, G.S. Road, Assam Guwahati-781005, Assam (Appellant) (Respondent) Pan No. Aaccr0023P Assessee By : Shri Akhilesh Shrivastava, Ar Revenue By : Shri Kausik Ray, Dr Date Of Hearing: 09.07.2025 Date Of Pronouncement: 26.08.2025
For Appellant: Shri Akhilesh Shrivastava, ARFor Respondent: Shri Kausik Ray, DR
Section 143(1)Section 41Section 41(1)
65,276.24
To Building A/c
Cr
34,55,413.23
To Plant & Machinery A/c
Cr
1,60,834.70
To Furniture & Fixtures A/c
Cr
3,59,029.29
To Electrical Installations A/c
Cr
6,89,999.02
Adjusting these write-offs against fixed assets does not affect the taxable income computation, as:
It does not increase or decrease the Profit & Loss Account.
Depreciation will