THE PRINCIPAL COMMISSIONER OF INCOME TAX, vs. SMT.GRACY BABU,
ITA/54/2020HC Kerala03 Apr 2024
Bench: HONOURABLE DR. JUSTICE A.K.JAYASANKARAN NAMBIAR,HONOURABLE MR. JUSTICE SYAM KUMAR V.M.
For Respondent: THE PRINCIPAL COMMISSIONER OF INCOME TAX
depreciation) was
Rs.24,38,23,931.53 and this amount was inclusive of Rs. 14,54,59,169/- given
to the erstwhile trustees who constructed the buildings for the Trust which
clearly showed that there had been no overstatement of building value and
the amount paid was for the buildings constructed by them. Thus, there was
no violation of section
