ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 1(1), PANAJI vs. SHIFFER AND MENEZES INDIA PVT. LTD, PANAJI
In the result, appeal of revenue is dismissed
ITA 232/PAN/2018[2009-10]Status: DisposedITAT Panaji02 Sept 2022AY 2009-10
Bench: Shri Chandra Mohan Garg & Shri Girish Agrawalassessment Year: 2009-10 Assistant Commissioner Of M/S. Schiffer & Menezes Income Tax, Circle-1(1), India (P) Ltd. Vs. Panaji, Goa Cmm Building, Rua De Ourem, Panaji, Goa (Pan: Aaccm0106E) (Appellant) (Respondent) Present For: Appellant By : Shri P. R. V. Raghavan, Ca Respondent By : Shri Mayur Kamble, Sr. Dr Date Of Hearing : 16.06.2022 Date Of Pronouncement : 02.09.2022 O R D E R Per Girish Agrawal: This Appeal By The Revenue Is Directed Against The Order Of Ld. Cit(A)-2, Panaji Vide
For Appellant: Shri P. R. V. Raghavan, CAFor Respondent: Shri Mayur Kamble, Sr. DR
Section 10BSection 143(3)Section 72Section 80ASection 80A(1)Section 80B(5)Section 80C
depreciation of Rs.2,00,58,145/- as claimed by the assessee in its return. Aggrieved, the department is in appeal before this Tribunal.
6. Ld. Sr. DR placed reliance on the order of the Ld. AO and referred to the calculation made in the assessment order which is reproduced as under:
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M/s. Shiffer & Menezes India
