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1 result for “depreciation”+ Set Off of Lossesclear

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Key Topics

Section 1544Section 143(3)2

PRINCIPAL COMMISSIONER OF INCOME TAX vs. M/S H.P. AGRO INDUSTRIAL CORPORATION LTD THROUGH ITS MANAGING DIRECTOR

In the result, the appeal filed by the Revenue

ITA/6/2020HC Himachal Pradesh17 Nov 2022

Bench: HON'BLE MRS. JUSTICE SABINA,HON'BLE MR. JUSTICE SUSHIL KUKREJA

For Appellant: Ms. Vandana Kuthiala, AdvocateFor Respondent: Mr. Vishal Mohan, Advocate
Section 143(3)Section 154

set off against the b/f depreciation. The appellant has however wrongly computed the c/f of unabsorbed losses and unabsorbed depreciation