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Section 2636 Section 143(3)6 Section 32(1)(iia)2 Depreciation2

DEMPO INDUSTRIES PRIVATE LIMITED,PANAJI vs. INCOME TAX OFFICER, WARD -1(2), PANAJI

The appeal of the assessee is ALLOWED in above terms

ITA 131/PAN/2019[2010-11]Status: DisposedITAT Panaji01 Sept 2023AY 2010-11

Bench: Hon’Ble Shri S. S. Godara & Shri G. D. Padmahshali(Through Virtual Hearing At Pune) आयकर अपील सं. / Ita No. 131/Pan/2019 धििाारण वर्ा / Assessment Year : 2010-11 Dempo Industries Pvt. Ltd., Dempo House, Campal, Panaji, Goa - 403001 Pan: Aaacu1745F . . . . . . . अपीलार्थी / Appellant

For Appellant: Ms Rucha VaidyaFor Respondent: Mr Prabhakar Anand DJ

Section 139Section 143(3)Section 246A(1)Section 250Section 253(1)(a)Section 263Section 32(1)(iia)

73,34,825/-. 3.2 Subsequent to regular assessment upon direction of Ld. Pr. Commissioner of Income Tax, Panaji [‘PCIT’ in short] u/s 263 of the Act, the assessment was reframed u/s 143(3) r.w.s. 263 of the Act on 29/03/2016 by disallowing additional depreciation of ₹21,69,257/- claimed u/s 32(1)(iia) of the Act on threefold reasons

DEMPO INDUSTRIES PRIVATE LIMITED,PANAJI vs. INCOME TAX OFFICER, WARD -1(2), PANAJI

DEMPO INDUSTRIES PRIVATE LIMITED,PANAJI vs. INCOME TAX OFFICER, WARD -1(2), PANAJI

M/S SOVA,PANAJI vs. PR. COMMISSIONER OF INCOME TAX, PANAJI