SHRI SUBHASH CHANDRA DEY,DHARMANAGAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- SILCHAR, SILCHAR

In the result, appeals of the assessee are allowed

Bench: Shri Rajpal Yadav, Hon’Ble & Shri Manish Borad, Hon’Blei.T.A. No. 120/Gty/2011 Block Year: 01/04/1989 To 08/12/1999 Shri Subhash Chandra Dey Assistant Commissioner Of Office-Tilla Vs Income Tax, Circle-Silchar Dharmanagar -799250 Tripura [Pan: Acrpd1916F] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent)

depreciation under Sub-section (2)of Section 32; (b) of a firm, returned income and total income assessed for each of the previous years falling within the block period shall be the income determined before allowing deduction of salary, interest, commission, bonus or remuneration by whatever name called to any partner not being a working partner: Provided that undisclosed income

TRIPURA STATE ELECTRICITY CORPORATION LIMITED ,AGARTALA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - AGARTALA, AGARTALA

Bench: Sh. S.S.Godara & Dr. A.L. Saini

69A unexplained income addition of Rs. 95,21,925/- of the unaccounted opening balance in its books. Both the learned representatives state that the instant issue is very much identical to the assessee’s latter substantive grievance raised in AY 2007-08 sent back to the Assessing Officer. We follow suit herein and direct the Assessing Officer to finalize

TRIPURA STATE ELECTRICITY CORPORATION LIMITED ,AGARTALA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - AGARTALA, AGARTALA

Bench: Sh. S.S.Godara & Dr. A.L. Saini

69A unexplained income addition of Rs. 95,21,925/- of the unaccounted opening balance in its books. Both the learned representatives state that the instant issue is very much identical to the assessee’s latter substantive grievance raised in AY 2007-08 sent back to the Assessing Officer. We follow suit herein and direct the Assessing Officer to finalize

TRIPURA STATE ELECTRICITY CORPORATION LIMITED ,AGARTALA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - AGARTALA, AGARTALA

Bench: Sh. S.S.Godara & Dr. A.L. Saini

69A unexplained income addition of Rs. 95,21,925/- of the unaccounted opening balance in its books. Both the learned representatives state that the instant issue is very much identical to the assessee’s latter substantive grievance raised in AY 2007-08 sent back to the Assessing Officer. We follow suit herein and direct the Assessing Officer to finalize

TRIPURA STATE ELECTRICITY CORPORATION LTD.,AGARTALA vs. INCOME TAX OFFICER, WARD - UDAIPUR , AGARTALA

Bench: Sh. S.S.Godara & Dr. A.L. Saini

69A unexplained income addition of Rs. 95,21,925/- of the unaccounted opening balance in its books. Both the learned representatives state that the instant issue is very much identical to the assessee’s latter substantive grievance raised in AY 2007-08 sent back to the Assessing Officer. We follow suit herein and direct the Assessing Officer to finalize

TRIPURA STATE ELECTRICITY CORPORATION LTD.,TRIPURA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - AGARTALA, AGARTALA

Bench: Sh. S.S.Godara & Dr. A.L. Saini

69A unexplained income addition of Rs. 95,21,925/- of the unaccounted opening balance in its books. Both the learned representatives state that the instant issue is very much identical to the assessee’s latter substantive grievance raised in AY 2007-08 sent back to the Assessing Officer. We follow suit herein and direct the Assessing Officer to finalize

TRIPURA STATE ELECTRICITY CORPORATION LIMITED ,AGARTALA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - AGARTALA, AGARTALA

Bench: Sh. S.S.Godara & Dr. A.L. Saini

69A unexplained income addition of Rs. 95,21,925/- of the unaccounted opening balance in its books. Both the learned representatives state that the instant issue is very much identical to the assessee’s latter substantive grievance raised in AY 2007-08 sent back to the Assessing Officer. We follow suit herein and direct the Assessing Officer to finalize

TRIPURA STATE ELECTRICITY CORPORATION LTD.,AGARTALA vs. INCOME TAX OFFICER, WARD - UDAIPUR , AGARTALA

Bench: Sh. S.S.Godara & Dr. A.L. Saini

69A unexplained income addition of Rs. 95,21,925/- of the unaccounted opening balance in its books. Both the learned representatives state that the instant issue is very much identical to the assessee’s latter substantive grievance raised in AY 2007-08 sent back to the Assessing Officer. We follow suit herein and direct the Assessing Officer to finalize

TRIPURA STATE ELECTRICITY CORPORATION LTD.,AGARTALA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - AGARTALA , AGARTALA

Bench: Sh. S.S.Godara & Dr. A.L. Saini

69A unexplained income addition of Rs. 95,21,925/- of the unaccounted opening balance in its books. Both the learned representatives state that the instant issue is very much identical to the assessee’s latter substantive grievance raised in AY 2007-08 sent back to the Assessing Officer. We follow suit herein and direct the Assessing Officer to finalize

MRINAL DAS,BAKSA vs. ITO, WARD - BARPETA ROAD, BARPETA

In the result, the appeal filed by the assessee is allowed

Bench: Shri Manomohan Das & Shri Rakesh Mishra

depreciation for each of the relevant assessment years. (4) Where an eligible assessee declares profit for any previous year in accordance with the provisions of this section and he declares profit for any of the five assessment years relevant to the previous year succeeding such previous year not in accordance with the provisions of sub-section (1), he shall