Andhra PRadesh Pradesh Fibres Limited vs. Assistant commissioner of Income Tax
In the result, the order passed by the
ITTA/370/2011HC Telangana15 Nov 2011
Bench: V.V.S.RAO,SANJAY KUMAR
Section 143Section 143(2)Section 153Section 153(3)Section 154Section 260Section 260ASection 80I
4.
After remand, the assessing officer passed
an order on 15.12.2009. The assessing officer
disallowed 100% depreciation on pollution control
equipments amounting to Rs.4,93,00,000/-. The
assessing officer also taxed the notional income on
the amount of loan advanced to Madhya Pradesh
State Electricity Board. The said order was subject
matter of challenge before the Commissioner of
Income
