Case Law Details
The deletion of the addition of Rs. 33 lacs, which had been made by the Assessing Officer on account of unexplained share capital under Section 68 of the said Act. The second issue pertains to the deletion made by the Tribunal of the addition of Rs. 35,06,292/- by the Assessing Officer on account of alleged unexplained security deposits under Section 68 of the said Act. The third issue relates to the disallowance of depreciation by the Assessing Officer amounting to Rs.15 lacs in respect of cast iron moulds. The disallowance has been set aside and the Tribunal has allowed the said depreciation. The fourth issue also pertains to disallowance of depreciation of Rs.6,11,145/-, which had been claimed by the assessee in respect of rolls which were machinery items. No substantial question of law arises for our consideration.
IN THE HIGH COURT OF DELHI AT NEW DELHI
Judgment delivered on: 15.10.2008
ITA 458/2007
COMMISSIONER OF INCOME TAX DELHI “VI” Appellant
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