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)
32(1)(iia) of the Act on threefold reasons viz; (1) the business of newspaper publication do not amount to manufacturing or production of any article or thing (2) items against which additional depreciation is claimed do not qualify to be plant & machinery and (3) items were purchased prior to previous year relevant to assessment year.
3.3 The assessee challenged
