V. S. Contractor & Developers Pvt. Ltd. v. Commissioner of Income-tax, Chandigarh and another
[Citation -2020-LL-0205-55]

Citation 2020-LL-0205-55
Appellant Name V. S. Contractor & Developers Pvt. Ltd.
Respondent Name Commissioner of Income-tax, Chandigarh and another
Court HIGH COURT OF PUNJAB & HARYANA
Relevant Act Income-tax
Date of Order 05/02/2020
Assessment Year 1988-89
Judgment View Judgment
Keyword Tags depreciation claim
Bot Summary: AJAY TEWARI, J. 1 This appeal has been filed under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal, Chandigarh in ITA No.1108/Chandi/91, claiming depreciation for the assessment in year 1988-89 which was denied as it was not available in that year in view of C.B.D.T. Circular dated 30.08.1965. 2 In our considered opinion, the depreciation must have been claimed in the subsequent year and infact assessment order which is appended with the appeal as Annexure P-4, itself indicates so. PANKAJ BAWEJA 2020.02.07 15:32 I attest to the accuracy and authenticity of this document HIGH COURT, CHANDIGARH ITA No.132 of 2001 2 3 Learned counsel for the appellant states that this is an old case and he is unable to contact the client. 4 In the circumstances, we dismiss the appeal as not pressed with liberty to the appellant to revive, if something survives therein. 5 Since the appeal is dismissed, the pending application, if any, stands disposed of. Whether reportable : Yes / No PANKAJ BAWEJA 2020.02.07 15:32 I attest to the accuracy and authenticity of this document HIGH COURT, CHANDIGARH.


ITA No.132 of 2001 {1} 418 IN HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH ITA No.132 of 2001 Date of Decision: 05.02.2020 M/s V.S. Contractor & Developers Pvt. Ltd., Chandigarh Appellant Versus Commissioner of Income Tax, Chandigarh and another Respondents CORAM: HON'BLE MR. JUSTICE AJAY TEWARI HON'BLE MR. JUSTICE AVNEESH JHINGAN Present: Mr. Alok Mittal, Advocate for appellant-assessee. Ms. Urvashi Dhugga, Sr. Standing Counsel for Revenue. AJAY TEWARI, J. (Oral) [1] This appeal has been filed under Section 260A of Income Tax Act, 1961 against order of Income Tax Appellate Tribunal, Chandigarh in ITA No.1108/Chandi/91, claiming depreciation for assessment in year 1988-89 which was denied as it was not available in that year in view of C.B.D.T. Circular dated 30.08.1965. [2] In our considered opinion, depreciation must have been claimed in subsequent year and infact assessment order which is appended with appeal as Annexure P-4, itself indicates so. PANKAJ BAWEJA 2020.02.07 15:32 I attest to accuracy and authenticity of this document HIGH COURT, CHANDIGARH ITA No.132 of 2001 {2} [3] Learned counsel for appellant states that this is old case and he is unable to contact client. [4] In circumstances, we dismiss appeal as not pressed with liberty to appellant to revive, if something survives therein. [5] Since appeal is dismissed, pending application, if any, stands disposed of. [AJAY TEWARI] JUDGE [AVNEESH JHINGAN] JUDGE February 05, 2020 pankaj baweja 1. Whether speaking/ reasoned : Yes / No 2. Whether reportable : Yes / No PANKAJ BAWEJA 2020.02.07 15:32 I attest to accuracy and authenticity of this document HIGH COURT, CHANDIGARH V. S. Contractor & Developers Pvt. Ltd. v. Commissioner of Income-tax, Chandigarh and another
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