DR. SUBHASH PETHALJI CHAVDA AHIR KELVANI MANDAL,RAJKOT-GUJARAT vs. THE INCOME TAX OFFICER(EXEMPTION), WARD-2,, RAJKOT
The appeal of the assessee is allowed
ITA 425/RJT/2017[2014-15]Status: DisposedITAT Rajkot01 Jun 2022AY 2014-15
For Appellant: Shri Vimal Desai, A.RFor Respondent: Shri Nihar Ranjan Samal, Sr.D.R
Section 11Section 12ASection 250(6)Section 271Section 32Section 35(2)(iv)
gains of business shall be computed in accordance with section 30 to section 43C. That, section 32(1) of the Act provides for depreciation in respect of building, plant and machinery owned by the assessee and used for business purposes. It further provides for deduction subject to section 34. In that matter also, a similar argument, as in the present
