COMMISSIONER OF INCOME-TAX(CENTRAL) vs. M/S. GWALIOR RAYON SILK MFG.(WVG.)CO.LTD

The appeal is partly allowed

Reassessment by the I.T.O. disallowing the assessee’s claim for depreciation on roads and drains to the extent of Rs. 15,50,526. On appeal the C.I.T. (Appeals) allowed the assessee’s claim for depreciation. The Tribunal dismissed the appeal of the revenue. At the instance of the revenue on a reference under Section 256(1

MANISH MAHESHWARI vs. ASSTT.COMMNR.OF INCOME TAX

The appeals are allowed

1) of section 142, setting forth his total income including the undisclosed income for the block period : Provided that no notice under section 148 is required to be issued for the purpose of proceeding under this Chapter : Provided further that a person who has furnished a return under this clause shall not be entitled to file a revised return

CHIEF COMMNR. OF INCOME TAX, COCHIN vs. M/S. KESARIA TEA CO. LTD

Section 256(1) of the Income-tax Act for the opinion of the High Court: "Whether on the facts and in the circumstances of the case, the Tribunal is right in law and fact in holding that Rs.3,02,758/- cannot be brought to tax and in deleting the addition of Rs.3,02,758/- sustained by CIT (Appeals)?" The High