RAVI LOCHAN SINGH,PATNA vs. ACIT, CIRCLE-5, PATNA
In the result, the appeal filed by the assessee is dismissed
ITA 124/PAT/2020[2011-12]Status: DisposedITAT Patna08 Jan 2025AY 2011-12
Bench: SHRI DUVVURU RL REDDY, VICE PRESIDENT SHRI SANJAY AWASTHI (Accountant Member)
Section 250Section 32Section 32(1)
depreciation will be allowed as per the provision of section 32(1) of IT Act.
Hence, the appellant's contention that the addition was arbitrary found incorrect and after considering the facts and merits of the case, I dismissed this ground.
Ground No- 3 regarding disallowance of Rs. 2,32,000/- on account of 50% of the rental income
