COMMR OF INCOME TAX HYD vs. M/S.TAHER ENGG CORP. SECBAD
ITTA/85/2002HC Telangana03 Feb 2012
Bench: The Commissioner (Appeals). Through Order, Dated 04.12.1991, The Commissioner Allowed The Appeal & It Was Held That The Applicant Is Entitled To Treat The Unabsorbed Depreciation As Loss. Thereupon, The Department Carried The Matter In Appeal By Filing Ita.No.728/Hyd/1992 Before The Tribunal. The Tribunal Allowed The Appeal Through Its Order, Dated 28.08.1995 & Took The View That The Unabsorbed Depreciation Cannot Be Treated As Loss For The Purpose Of Section 115-J Of The Act.
Section 115Section 143(1)Section 155Section 256(1)
depreciation, for the purposes of Section 115-J of the
I.T.Act, 1961?
2. Whether on the facts and in the circumstances of the
case, the Income Tax Appellate Tribunal is justified in
confirming the action of the Income Tax Officer who
made adjustments to the income admitted while passing
an order u/s. 143(1) of the I.T.Act?”
Heard Sri A.V.A
