BEEYU OVERSEAS LIMITED,KOLKATA vs. DCIT-CIR.4(1), KOLKATA

In the result, the appeal of assessee is allowed

block of depreciable assets in each of the year classes of assets, namely, buildings, machinery, plant and furniture.” 19 From a reading of the aforesaid Circular it is clear that the legislature felt that keeping the details with regards to each and every depreciable asset was time consuming for both the assessee and the Assessing

ACIT, CENTRAL CIRCLE-1(1), KOLKATA, KOLKATA vs. M/S RAMKRISHNA FORGINGS LTD., KOLKATA

In the result, both the appeals of the revenue are dismissed and the In the result, both the appeals of the revenue are dismissed and the cross- objection of the assessee is allowed in part