PRINCIPAL COMMISSIONER OF INCOME TAX FARIDABAD vs. M/S NHPC LTD

The appeals stand disposed of

Bench: MR. JUSTICE AJAY TEWARI,MR. JUSTICE HARNARESH SINGH GILL

depreciation on land not allowable in Companies Act.” 8. “Whether, on the facts and in circumstances of the case and in law, the Hon’ble ITAT was right in law in confirming the order of Ld. CIT(A) to allow the contention of the assessee company for charging the interest u/s 234B at Rs.3,70,58,281/- instead of Rs.4