PRINCIPAL COMMISSIONER OF INCOME TAX FARIDABAD vs. M/S NHPC LTD
The appeals stand disposed of
ITA/336/2015HC Punjab & Haryana20 Sept 2019
Bench: MR. JUSTICE AJAY TEWARI,MR. JUSTICE HARNARESH SINGH GILL
Section 115JSection 143(3)Section 2Section 2(24)Section 24Section 260ASection 28
disallowance of Rs.1,00,19,424/- made by the Assessing
Officer in computing the book-profit u/s 115JB in respect of
depreciation claimed on land after amortization of land by
the assessee because there is no depreciation allowable on
land under Companies Act and no rate of depreciation is
provided in schedule XIV of Companies Act?”
7. “Whether
