ACIT, CIRCLE 1(2) vs. M/S. SERAJUDDIN AND CO.
ITA/44/2022HC Orissa15 Mar 2023
Bench: : The Hon’Ble Justice T.S. Sivagnanam & The Hon’Ble Justice Bivas Pattanayak Date : 26Th July, 2022 Appearance :- Mr. Soumen Bhattacharjee, Adv. … For Appellant Mr. S.M. Surana, Adv. Mr. Bhaskar Sengupta, Adv. Md. Afzal Ansari, Adv. … For Respondent
Section 11Section 11(1)(a)Section 260A
depreciation.
The Learned Income Tax Appellate Tribunal has relied on the
decision of the Hon’ble High Court in the case of Siliguri
Regulated Market Committee (2014) 366 ITR 51, which has
been accepted by the department. Moreover, on this issue,
Hon’ble Supreme Court has dismissed departmental appeal in
the case of Rajasthan and Gujarat Charitable Foundation,
Poona
