DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), HYD, HYDERABAD vs. MEGHA ENGINEERING & INFRASTURCTURE LIMITED, HYD, HYDERABAD
In the result, all the appeals of the revenue are dismissed
ITA 1540/HYD/2017[2015-16]Status: DisposedITAT Hyderabad15 Feb 2019AY 2015-16
Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.
For Appellant: Shri K.C. DevdasFor Respondent: Shri YVST Sai
Section 153ASection 2Section 80Section 80ISection 80l
depreciation under section 32, is linked to investment. It is also made clear that section 80-IA not only contains substantive but
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I.T.A. No. 607/Hyd/16 and others
Megha Engg. & Infrastructure Ltd.
procedural provisions for computation of special deduction. Thus, any device adopted to reduce or inflate the profits of eligible business has to be rejected".
Therefore, it is humbly
