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WDV has to be arrived at only after reducing depreciation actually allowed
Case Law Details
- Case Name
- The Addl. CIT Vs. M/s. Nicholas Piramal India Ltd. (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 1997- 98
- Courts
- All ITAT, ITAT Mumbai
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ITAT MUMBAI BENCH ‘E’
Additional Commissioner of Income-tax
versus
Nicholas Piramal India Ltd.
IT Appeal No. 4602 (Mum.) of 2001
C.O. NO. 119 (MUM.) of 2002
[ASSESSMENT YEAR 1997-98]
MAY 16, 2012
ORDER
N.V. Vasudevan, Judicial Member
ITA No. 4608/Mum/2001 is an appeal by the Revenue against the order dt. 23rd April, 2001 of CIT(A)-II, Mumbai, relating to asst. yr. 1997-98. The assessee has filed C.O. No. 119/Mum/2002 against the very same order of CIT(A).
2. We shall first take up for consideration ITA No. 4608/Mum/2001, the appeal by the Revenue.
3. The first ground of appeal of t...
