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Section 92C2 Section 143(3)2

THE PRINCIPAL COMMISSIONER OF INCOME TAX vs. M/S. APOLLO TYRES LTD

Appeal is allowed in part as indicated

ITA/44/2017HC Kerala22 Sept 2021

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE VIJU ABRAHAM

For Appellant: M/S. APOLLO TYRES LTDFor Respondent: THE PRINCIPAL COMMISSIONER OF INCOME TAX

Section 143(3)Section 144CSection 144C(5)Section 35Section 43ASection 92C

depreciation under Section 40(3)(i) of the Act. The abstract application of the reported judgments in Sakthi Sugars and Priya Village Roadshows Ltd cases resulted in an unacceptable finding, particularly, in the available circumstances of the case. He prays for setting aside the allowance granted by the Tribunal. 5. Per contra, learned Senior Advocate Mr Joseph Markos contends that