102 results for “depreciation”+ Section 271(1)clear
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In the result, the appeal of Revenue is dismissed
Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.1302/Pun/2016 यििाारण वषा / Assessment Year : 2012-13 The Dy. Commissioner Of Income Tax, अऩीऱाथी/Appellant Circle 1(1), Pune …. Vs. Chetas Control Systems Pvt. Ltd., Plot No.1, S.No.8+9, Chetas House, Shree Sidhatek Hsg. Society, Sutarwadi, Pashan, …. प्रत्यथी / Respondent Pune – 411021 Pan: Aaacc7437N अऩीऱाथी की ओर से / Appellant By : Shri Rajesh Gawli प्रत्यथी की ओर से / Respondent By : None घोषणा की तारीख / सुनवाई की तारीख / Date Of Hearing : 01.10.2018 Date Of Pronouncement: 16.10.2018
depreciation at ₹ 13 lakhs, balance amount of ₹ 1,17,00,000/- was capitalized and disallowed as revenue expenditure under section 37 of the Act. The Assessing Officer further held that the assessee has concealed particulars of its income and furnished inaccurate particulars of income, penalty proceedings under section 271