GOA MINERALS PRIVATE LIMITED,VASCO vs. ACIT, CIRCLE - 2(1), PANAJI
In the result, appeal of the assessee is allowed for statistical purpose
ITA 63/PAN/2020[2014-15]Status: DisposedITAT Panaji11 Oct 2023AY 2014-15
Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकर अपील सं. / Ita No.63/Pan/2020 िनधा"रण वष" / Assessment Year : 2014-15 Goa Minerals Private Limited, The Assistant P.B.No.14, Salgaocar House, V Commissioner Of Income Dr.F.L.Gomes Road, S Tax, Circle-2(1), Panaji, Vasco Da Gama, Goa. Goa – 403802 Pan: Aaacg 6716 C Appellant / Assessee Respondent / Revenue Assessee By Shri Veer Raghavan – Ar Revenue By Shri N. Shrikanth – Dr Date Of Hearing 09/10/2023 Date Of Pronouncement 11/10/2023
Section 139(5)Section 143(3)Section 251(1)
1. The learned CIT(A) erred in confirming the action of the assessing officer in not granting depreciation during the year under present appeal (i.e. in the year of put to use), on expenditure of Rs.6,248,885 relating to financial year 2012-13, the claim of which as a revenue expenditure was disallowed in the then assessment for assessment