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1 result for “depreciation”+ Section 80Cclear

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Key Topics

Section 10B7Section 80A2

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

80C to 80U. However, section 80B(5) defines “gross total income” for the purpose of Chapter VI-A to mean. “the total income computed in accordance with the provisions of the Act, before making any deduction in the Chapter”. It was thus, submitted that what the Ld. AO in essence seeks to attain is to telescope the provisions of Chapter