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2014 (10) TMI 784 - HC - Income TaxDeduction of amount of depreciation from profits u/s 115JA – Method of calculation of depreciation changed from Straight line method to WDV – Interest to be charged u/s 234B and 234C or not - Held that:- Following the decision in Deputy Commissioner of Income-Tax (Assessment) v. Farmson Pharmaceuticals Guj. Ltd. [2011 (4) TMI 1037 - Gujarat High Court] the Tribunal was right in upholding the order of the CIT(A) directing not to charge interest u/s 234B and 234 of the Act since the total income was determined u/s 115J of the Act – Decided partly in favour of revenue.
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