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Section 1474 Section 143(3)3 Section 1483

OM PRAAKSH SINGH,RANCHI vs. DCIT, CIRCLE-1, RANCHI

In the result, appeal filed by the assessee is allowed

ITA 361/RAN/2018[2009-10]Status: DisposedITAT Ranchi10 Sept 2020AY 2009-10

Bench: Shri S.S, Godara, Jm & Dr. A.L. Saini, Am Om Prakash Singh Vs. Dcit, Circle-1, Ranchi Sankalp, East Jail Road, Ranchi- 834001. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Agkps0300D (अपीलाथ" /Appellant) .. (""थ" / Respondent)

For Appellant: Shri Manjit Verma, A/RFor Respondent: Shri A. K. Mohanti, JCIT, Sr. DR

Section 142(1)Section 143(3)Section 147Section 148Section 234CSection 263Section 37(1)

block 'Plant and Machinery’ was claimed and was allowed in the assessment to the tune of Rs. 57.99 lakhs. Scrutiny of details of assets reveal that 'Rolls' of Rs. 54.01 lakhs were used for less than 180 days and worth Rs. 34.89 lakhs were put to use for more than 180 days. Accordingly, allowable depreciation on 'Rolls