M/S.ESCAPADE RESORTS PVT.LTD. vs. THE ASSISTANT COMMISSIONER OF INCOME TAX
The appeal is allowed in part as indicated above
ITA/28/2017HC Kerala18 May 2022
Bench: The Commissioner Of Income Tax (Appeals)-Ii (For Short, ‘Cit(Appeals)’) & Through Annexure-C Order Dated 02.12.2013, The Appeal Was Allowed In Part. The Assessee Carried The Matter In Appeal Before The Income Tax Appellate Tribunal (For Short, 'The Tribunal') & Through The Order Impugned In The Appeal
Section 260ASection 37
depreciation @15% is granted on it. The resultant
disallowance comes to Rs. 2,72,05,544 [3,20,06,522-
48,00,978)”
The CIT (Appeals) and the Tribunal confirmed the said finding.
5.
Mr. Joseph Markose referring to the principle laid
down by this Court in Joy Alukkas India vs. ACIT1, Indus Motos Co.
P.Ltd v. Deputy Commissioner
