COMMISSIONER OF INCOME TAX, KOLKATA vs. M/S. HOOGHLY MILLS CO. LTD
The appeal is allowed
C.A. No.-005149-005149 - 2006Supreme Court22 Nov 2006
For Respondent: M/s. Hoogly Mills Co. Ltd
Section 32Section 4(1)
depreciation on the sum under Section 32
of the Income Tax Act.
The CIT (Appeal) as well as the tribunal allowed the assessee’s claim
and their orders were upheld by the High Court by the impugned judgment.
Learned counsel for the appellant contended in this appeal that the
expenditure on the taking over the gratuity liability of the employees
