PRAGATI GLASS & INDUSTRIES PVT. LTD. FORMER NAME PRAGATI GLASS PVT. LTD.,BHARUCH vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIR.1, , BARODA
In the result, the appeal is partly allowed
ITA 36/SRT/2022[2014-15]Status: DisposedITAT Surat30 Dec 2022AY 2014-15
Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.36/Srt/2022 "नधा"रणवष"/Assessment Year: (2014-15) (Virtual Court Hearing) Pragati Glass & Industries Pvt. Ltd., Vs. The Acit, Circle-1, Kharach, Kosamba (R.S), Bharuch. District. Bharuch, Bharuch -392001. (Assessee) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aabcp7377H
Section 143(3)
45,732/-
Rs.3,44,49,655/-
ITA 36/SRT/2022/AY.2014-15
Pragati Glass & Industries Pvt. Ltd.
5.2.3 Considering the above facts and submission made by the assessee, the expenses moulds written off comes to Rs.3,44,49,655/- on which depreciation
@15% is allowable which is of Rs.1,65,68,219/- and thus, remaining amount of Rs1,78,81,436/- is disallowed