ASSISTANT COMMISSIONER OF INCOME TAX, CHHINDWARA vs. M/S. CENTRAL MADHYA PRADESH GRAMIN BANK, CHHINDWARA
In the result, the Revenue’s appeal is dismissed
ITA 135/JAB/2018[2012-13]Status: DisposedITAT Jabalpur10 Dec 2020AY 2012-13
Section 147Section 43Section 43(1)
disallowance of depreciation was, under the circumstances, not justified, and directed its deletion. Aggrieved, the Revenue is in appeal.
4. The respective cases
4.1
The Revenue’s case is that the sole premise of the deletion by the ld.
CIT(A) is the non-establishment of the nexus between the funds received by the Bank from GoI and the purchase
