KOMAL INDSTRIES PVT. LTD.,SURAT vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX, SURAT
In the result, appeal filed by the assessee is dismissed
ITA 99/SRT/2022[2017-18]Status: DisposedITAT Surat23 Jan 2023AY 2017-18
Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.99/Srt/2022 िनधा"रण वष"/Assessment Year: (2017-18) (Physical Court Hearing) Komal Industries Pvt. Ltd., Vs. Principal Commissioner Of Income B-904, International Commerce Tax-1, Aaykar Bhawan, Nr. Majura Centre, Ring Road, Near Gate, Opp New Civil Hospital, Kadiwala School, Surat–395002. Surat-395001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aadck6228Q (Appellant) (Respondent) िनधा"रती क" ओर से /Assessee By None (Written Submissions) राज"व क" ओर से /Respondent By Shri Ashok B. Koli, Cit-Dr सुनवाई क" तारीख/Date Of Hearing 05/01/2023 उ"ोषणा क" तारीख/Date Of Pronouncement 23/01/2023
Section 143(3)Section 263Section 44ASection 56(2)(viib)
depreciation allowance during the course of assessment proceeding. For the sake of brevity, Explanation 2 to section 263 (1) has been reproduced here under:
263. Revision of orders prejudicial to revenue.
Explanation 2.—For the purposes of this section, it is hereby declared that an order passed by the Assessing Officer shall be deemed to be erroneous
