THE COMMISSIONER OF INCOME TAX vs. M/S MAA COMMUNICATION BOZELL LTD
The appeal is allowed
ITA/523/2006HC Karnataka04 Sept 2013
Bench: B.MANOHAR,DILIP B.BHOSALE
Section 133ASection 143(1)Section 143(2)Section 148Section 260Section 260ASection 32Section 80M
142 of the Act, after
considering the documents produced by the assessee,
the Assessing Authority passed the order denying the
depreciation claimed by the assessee. Under Section 32
of the Act, to claim depreciation, the assessee must
either be owned wholly or partly of the M.S.Rolls. In the
instant case, the assessee has obtained M.S.Rolls under
the hire purchase from
