NIRVINDHYA SHIKSHA AVAM SANSKRITI PRACHAR SAMITI,RAJGARH vs. ITO, RAJGARH

Appeal is allowed for statistical purpose

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year : 2017-18 Nirvindhya Shiksha Avam Income-Tax Officer, Sanskriti Prachar Samiti, Rajgarh Biaora, C/O Adv. Hitesh Chimnani, बनाम/ Ug-37, Trade Centre, Vs. 18,South Tukoganj, Indore. (Assessee/Appellant) (Revenue/Respondent) Pan: Aaaan8371J Assessee By Shri Hitesh Chimnani, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 05.09.2024 Date Of Pronouncement 10.09.2024

270A to charge/ compute penalty. (iii) Thirdly, even if it is assumed (which though is not correct) that the assessee claimed depreciation on those assets whose cost had also been claimed as application of income, the law prohibiting depreciation in such cases, had come into statute by way of introduction of sub-section

ACIT-1(1), INDORE vs. KRITI NUTRIENTS LIMITED, INDORE

The appeal of the Revenue is allowed for statistical\npurposes

270A of the Act for misreporting the\nparticulars of income and u/s 271AAC(1) of the Act, are\nseparately initiated on the issue. (Addition of\nRs.7,2260,000/-)”\nThe Ld. DR has emphasized that no details, no material were\nfurnished by the assessee company that Ld. AO has correctly\npassed the “Impugned Assessment Order”.\nKriti Nutrients Ltd.\nITA No. 780/Ind/2024