Case Law Details
Case Name : Bhai Infotech Ltd. Vs Income-tax Officer, Ward 2(3), Chandigarh (ITAT Chandigarh)
Related Assessment Year : 2007-08
Courts :
All ITAT ITAT Chandigarh
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IN THE ITAT CHANDIGARH BENCH ‘A’
Bhai Infotech Ltd.
V/s.
Income-tax Officer, Ward 2(3), Chandigarh
IT APPEAL NO. 1211 (CHD.) OF 2011
[ASSESSMENT YEAR 2007-08]
APRIL 30, 2012
ORDER
Ms. Sushma Chowla, Judicial Member – The present appeal filed by the assessee is against the order of Commissioner of Income Tax (Appeals), Chandigarh dated 16.09.2011 relating to assessment year 2007-08 against the order passed under section 143(3) of the Income-tax Act (in short ‘the Act’).
2. The only ground of appeal raised by the assessee reads as under:
“1. T...
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Yes, being depreciation a statutory allowance given by statue and being brought forward depreciation being ranked as current depreciation, the assessee should not lose his entitlement of claim whatever the omissions and commissions in filing the return.