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Case Law Details

Case Name : Sophia Automotive Private Vs Income Tax Officer (ITAT Chennai)
Appeal Number : I.T.A. Nos.322/Chny/2019
Date of Judgement/Order : 31/01/2022
Related Assessment Year : 2012-13
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Sophia Automotive Private Vs ITO (ITAT Chennai)

The assessee has claimed a total depreciation of Rs.51,60,173/- in the profit and loss account towards factory building. While completing the scrutiny assessment for the assessment year 2012-13, the Assessing Officer noted that 50%

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