DIVYA CONSTRUCTION,BHAGALPUR vs. ACIT, CIRCLE-1, BHAGALPUR

In the result, the appeal of the assessee is partly allowed

Bench: Shri P.M. Jagtap, Vice- & Shri A.T. Varkey

4. The ld. CIT(Appeals) thus confirmed the addition made by the Assessing Officer on account of interest on FDR amounting to Rs.41,493/- as well as disallowance made on account of depreciation amounting to Rs.7,02,732/-. He, however, reduced the net profit of 6.5% adopted by the Assessing Officer in the first order passed under section

THE MUZAFFARPUR CENTRAL CO-OPERATIVE BANK LTD,MUZAFFARPUR vs. ACIT, CIRCLE-2, MUZAFFARPUR

In the result, the appeal of assessee is allowed for statistical purpose