SWADESH TEXTILES P. LTD,MUMBAI vs. ITO 4(3)(4), MUMBAI
In the result, the appeal is partly allowed
ITA 5140/MUM/2015[2011-12]Status: DisposedITAT Mumbai17 Aug 2018AY 2011-12
Bench: Shri Joginder Singh () & Shri N.K. Pradhan () Assessment Year: 2011-12 Swadeshi Textiles Pvt. Ltd. Ito-4(3)(4), Mumbai ¾, 1St Floor, Kapadia Vs. Chambers, 599, Jss Road, Chira Bazar, Mumbai- 400002. Pan No. Aagcs2102Q Appellant Respondent Assessee By : Mr. Snehal J. Shah, Ar Revenue By : Mr. V. Justin, Dr Date Of Hearing : 22/05/2018 Date Of Pronouncement: 17/08/2018
For Appellant: Mr. Snehal J. Shah, ARFor Respondent: Mr. V. Justin, DR
Section 115JSection 234BSection 234CSection 234DSection 271(1)(c)Section 44A
234C of Rs.17,301/- and u/s 234D of Rs.1,17,435/-.
The disallowances made by the AO while computing book profit u/s 115JB are (i) instead of deducting depreciation debited to the P&L account, the assessee has deducted depreciation as per income tax and (ii) while computing the book profit, the assessee has deducted the entire book loss instead
