INDUSTRIAL INCUBATOR vs. DY.COMMNR.OF I.T.
ITA/179/2004HC Orissa10 Nov 2021
Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE ADITYA KUMAR MOHAPATRA
Section 142(1)Section 143(3)Section 148
depreciation claimed was at 25% in term of the Income Tax
Rules.
4. The AO stated that he had reason to believe that assessable
income for the AY 1994-95 had escaped assessment and
accordingly issued a notice under Section 148
