ASSTT. COMMISSIONER OF INCOME TAX.CIRCLE-7, NAGPUR vs. M/S BALLARPUR INDUSTRIES LTD., GURGAON
ITA 379/NAG/2014[2008-09]Status: DisposedITAT Nagpur09 May 2018AY 2008-09
Bench: Shri Shamim Yahya (Am) & Shri Ram Lal Negi (Jm) Assessment Year: 2008-09 The Acit, Circle-7, M/S Ballarpur Industries Ltd., Room No. 521, 5Th Floor, First India Palace, Gurgao Road, Mecl Building, Haryana Nagpur Vs. Pan : Aaacb5343E
For Appellant: Shri K.P. Dewani (AR )For Respondent: Shri Gitesh Kumar (Sr.DR))
Section 143Section 147Section 148Section 14A
68,51,846/- inter alia making disallowance of Rs. 11,25,00,000/- i.e.
depreciation on Aircraft @ 40%. In the first appeal, the Ld. CIT (A) allowed the depreciation @ 40% on aircraft aero-engine and deleted the addition. Aggrieved by the order of the Ld. CIT (A), the revenue has challenged the impugned order before the ITAT by raising