THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2 (1), PANAJI vs. M/S V. M. SALGAOCAR & BROTHERS (P) LTD., VASCO
Appeals of the Revenue are DISMISSED
ITA 209/PAN/2019[2005-06]Status: DisposedITAT Panaji03 Oct 2023AY 2005-06
Bench: Hon’Ble Shri S. S. Godara & Shri G. D. Padmahshaliआयकर अपऩल सं. / Ita Nos. 209 To 211/Pan/2019 निर्धारण वषा / Assessment Years : 2005-06 To 2007-08 The Asst. Commissioner Of Income Tax, Circle-2(1), Panaji, Goa . . . . . . . अपीलार्थी / Appellant
For Appellant: Mr Ketan Ved [‘Ld. AR’]For Respondent: Mr N. Shrikanth [‘Ld. DR’]
Section 143(3)Section 154Section 250Section 32Section 37(1)Section 80H
depreciation was never disputed before appellate forum, therefore doctrine of merger to this issue was inapplicable. For the reason, in the view of Ld. CIT(A), the period of four years within which order could have rectified u/s 154(7) of the Act had commenced from the end of financial year 2007-08 within which the original assessment was framed
