ITO, WARD-16(2), HYDERABAD, HYDERABAD vs. PADMA VAMSI TEXTILE MARKET PVT. LTD., HYDERABAD, HYDERABAD
In the result, appeal of the revenue is allowed for statistical purposes
ITA 1456/HYD/2016[2007-08]Status: DisposedITAT Hyderabad03 May 2019AY 2007-08
Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmanassessment Year: 2007-08 Income-Tax Officer, Vs. Padma Vamsi Textile Market Ward – 16(2), Hyderabad. Pvt. Ltd., Hyderabad. Pan – Aadcp 3957F (Appellant) (Respondent) Revenue By : Smt. Komali Krishna Assessee By : Shri B. Satyanarayana Murthy Date Of Hearing : 23-04-2019 Date Of Pronouncement : 03-05-2019
For Appellant: Shri B. Satyanarayana MurthyFor Respondent: Smt. Komali Krishna
Section 147Section 148Section 50Section 50ASection 50C
depreciation on the same. The AO, therefore, opined that the income on sale of such assets attract the provisions of section 50C