Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2013 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (5) TMI 118 - AT - Income TaxDepreciation on Rail Over Bridge - whether CIT (A) erred in Deleting the disallowance of depreciation although the legal ownership of the said assets was on the assessee company - Held that:- Held that:- Tribunal in the assessee’s own case on the identical set of facts upheld the order of the Ld. CIT (A) in favour of the assessee though Rail Over Bridge is not in the name of the assessee but assessee has physical possession and right to collect the toll on the said bridge as relying on Mysore Minerals Ltd. vs. CIT [1999 (9) TMI 1 - SUPREME Court]. - Decided in favor of assessee. Prior Period Expenses - rebate on Toll Income - CIT (A) deleted the disallowance - Held that:- CIT(A) has followed the Order of the Tribunal in assessee’s own case thus no interference is called for. Appeal of revenue dismissed.
|