JOINT COMMISSIONER INCOME-TAX(IN-SITU), CIRCLE-1, PATNA, PATNA vs. NORTH BIHAR POWER DISTRIBUTION COMPANY LIMITED, PATNA

In the result, the appeals of the Revenue and COs of the\nassessee are dismissed

depreciation is calculated on the reduced value of fixed assets. The\nAO however noted that no corroborative documentary evidence was filed in\nrespect of the above contention. Therefore, the interest amount on grant\npartakes the nature of revenue receipt and is to be accounted accordingly.\nTherefore, the addition of Rs. 28,78,62,239/- was made.\n6.4. We therefore find

JCIT(IN-SITU), CIRCLE-1, PATNA., PATNA vs. NORTH BIHAR POWER DISTRIBUTION COMPANY LIMITED, PATNA

In the result, the appeals of the Revenue and COs of the\nassessee are dismissed