This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Director’s Remuneration & Depreciation cannot be disallowed for temporary suspension of business
Case Law Details
- Case Name
- Devkripa Textile Mills (P) Ltd. Vs ACIT (ITAT Jodhpur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-2016
- Courts
- All ITAT, ITAT Jodhpur
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Devkripa Textile Mills (P) Ltd. Vs ACIT (ITAT Jodhpur)
Briefly the facts of the case are that the assessee company is engaged in manufacturing of synthetic fabrics on job work basis for other parties. It is also engaged in trading of synthetic fabrics during the year. It filed its e-return on 27.10.2015 declaring total loss of Rs. 1,57,07,558/-. The return was processed u/s 143(1) on 26.02.2016 at the declared income. The case was selected for complete scrutiny under CASS. Notice u/s 143(2) of the Income Tax Act, 1961 was issued on 12.04.2016 duly served upon the assessee on ...
