M/S.SHEETAL REAL vs. INCOME TAX OFFICER

In the result, the appeal fails and the substantial questions of law

Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK

14. Adverting to the decisions relied on by the revenue in case of Dalhousie Investment Trust Company and Investment Limited, was a case relating to the assessment year 1953-1954 and the decision in Sutlej Cotton Mills pertaining to the assessment year 1956-1957 where the statutory framework for taxation was quite different as during those years, there

ACIT, CIRCLE 1(2) vs. M/S. SERAJUDDIN AND CO.

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

2 The revenue has raised the following substantial questions of law for consideration. (i) Whether on the facts and the circumstances of the case, disallowance of Rs.2,84,67,351/- claimed towards 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

INDUSTRIAL INCUBATOR vs. DY.COMMNR.OF I.T.

Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE ADITYA KUMAR MOHAPATRA

III. Whether in the facts and circumstances of the case the approach road, drainage, bore-well, reservoir etc on which claim for depreciation made @ 25% holding as per schedule holding them as plant etc. can it be reduced to 10% by the Tribunal accepting as just and proper beyond the statute ?” 2. The appeal itself arises out of an order