DCIT, CIR-8(1), KOLKATA, KOLKATA vs. M/S EIH LTD., KOLKATA
In the result, the appeal of the assessee is partly allowed for statistical purposes and the appeal of the revenue is dismissed
ITA 153/KOL/2016[2011-2012]Status: DisposedITAT Kolkata12 Jan 2018AY 2011-2012
Bench: Hon’Ble Shri Aby. T. Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A No. 153/Kol/2016 Assessment Year : 2011-12 Dcit, Circle-8(1), Kolkata -Vs- M/S Eih Limited [Pan: Aaace 6898 B] (Appellant) (Respondent) I.T.A No. 110/Kol/2016 Assessment Year : 2011-12 M/S Eih Limited -Vs- Dcit, Circle-8(1), Kolkata [Pan: Aaace 6898 B] (Appellant) (Respondent) For The Appellant : Shri Kanchun Kaushal,Ar For The Department : Shri G.Mallikarjuna, Cit Dr Date Of Hearing : 26.10.2017 Date Of Pronouncement : 12.01.2018 Order Per Bench:
For Appellant: Shri Kanchun Kaushal,ARFor Respondent: Shri G.Mallikarjuna, CIT DR
Section 14ASection 14A(2)
section 38(2) of the Act, the proportionate expenditure
5
A.Yrs.2011-12
incurred on running , repairs & maintenance of the aircrafts and depreciation were disallowed by the ld AO as under:-
Expenditure on running, repairs & maintenance of aircrafts
2,75,56,751/-
Depreciation claimed u/s 32 of the Act
4,06,46,462/-
Total
6,82,03,213/-
10% proportionate
