DCIT, CIRCLE - 3(1), KOLKATA , KOLKATA vs. M/S. THE SUN ROLLING MILLS PVT. LIMITED , KOLKATA
In the result, the appeal of the revenue is treated as allowed for statistical purpose
ITA 333/KOL/2018[2012-13]Status: DisposedITAT Kolkata18 May 2018AY 2012-13
Bench: Shri P.M. Jagtap, Am] I.T.A. No. 333/Kol/2018 Assessment Year: 2012-13 D.C.I.T. Cir 3(1), Kolkata..............................…………………………...........................Appellant P-7, Chowringhee Square, Aayakar Bhawan, 4Th Floor, Room No. 19, Kolkata – 700 069 M/S. The Sun Rolling Mills Pvt. Ltd....................…….........................................Respondent P-2, New Cit Road, Kolkata – 700 073. [Pan: Aabct 2647 N] Appearances By: Shri P.K. Mondal, Addl. Cit Appearing On Behalf Of The Revenue. Shri Naresh Kumar Goyal, Advocate Appearing On Behalf Of The Assessee Date Of Concluding The Hearing : May 16, 2018 Date Of Pronouncing The Order : May 18, 2018 Order Per P.M. Jagtap, Am This Appeal Is Preferred By The Revenue Against The Order Of Ld. Cit(Appeals) – 1, Kolkata Dated 29.11.2017 & The Solitary Issue Involved Therein Relates To The Deletion By The Ld. Cit(A) Of The Addition Of Rs. 1,07,65,892/- Made By The A.O. On Account Of Disallowance Of Assessee’S Claim For Depreciation At Higher Rate On Rolls.
Section 32(1)
b) of section 43(6), the written down value in case of assets acquired before the previous year is defined to mean the actual cost of the asset less all depreciation
