The Commissioner of Income tax III, vs. Biraj Kavar Galada
The appeals are disposed of
ITTA/98/2010HC Telangana29 Feb 2016
Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY
Section 115JSection 14ASection 260Section 36(1)(vii)Section 36(2)(i)Section 43D
depreciation on securities (iv) floating rate
notes of London branch (v) DICGC loans (vi)
suits
filed
accounts
(vii)
miscellaneous
provision
cannot
be
added
back
in
accordance with Explanation to Section
115JA of the Act in the light of the judgment
of the Apex Court in H.C.L. Comnet where is
diminution
in
the
value
of
assets
as
contended by the assessee
