THE ACIT, CIRCLE - 1,, RAJAHMUNDRY vs. THE ANDHRA PRADESH PAPER MILLS LTD.,, HYDERABAD
In the result, appeals filed by the Revenue are partly allowed and the cross objections filed by the assessee are partly allowed
ITA 4/VIZ/2014[2007-08]Status: DisposedITAT Visakhapatnam30 Oct 2019AY 2007-08
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble
For Appellant: Shri T.M. Shiv Kumar – AdvFor Respondent: Shri T.S.N. Murthy – CIT DR
Section 263Section 32
801A under the Income Tax Act has to be computed after deduction of notional brought forward losses and depreciation of eligible business, even though they have been allowed to be set off against the other income in earlier years in view of the specific provisions of section