M/S UNIVERSAL DRINKS PVT . LTD.,,NAGPUR vs. A,C.I.T CIR. -2, NAGPUR
ITA 184/NAG/2016[2004-05]Status: DisposedITAT Nagpur15 Jul 2024AY 2004-05
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Rajesh Loya a/wFor Respondent: Shri Abhay Y. Marathe
Section 115Section 115J
DEPRECIATION 898365
533995
769869
LESS: REVALUATION RESERVE 364370
TOTAL :–
2910067
2347951
PROFIT BEFORE EXCEPTIONAL AND 7180391
4537841
EXTRAORDINARY ITEMS
LESS: LOSS ON SALE OF SHARES
1452500
– –
(INVESTMENT)
LOSS ON SALE OF SHARES (ASSETS)
– –
2253149
PROFIT AFTER EXCEPTIONAL AND 5727891
2284692
EXTRAORDINARY ITEMS
M/s. Universal Drinks Pvt. Ltd.
ITA no.184/Nag./2016
4. During the course of hearing, the learned Authorised Representative