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2013 (9) TMI 1057 - HC - Income TaxAddition made to the book profit on account of alleged arrear depreciation for the purpose of computing the profit u/s 115J - Held that:- Learned counsel appearing for the respondent submits that they have no objection, in case, the assessing officer carries out the necessary verification and examines whether additional depreciation of ₹ 126.18 lacs was on account of change in method of calculation of depreciation or had arisen on account of the fact that it pertained to earlier period but has been claimed in this year for some other reason other than the change in method of calculation of depreciation. Statement made by the counsel for the respondent is taken on record. We clarify that in case this difference has arisen on account of change of method of calculation of depreciation, the assessing officer will not touch and go into any other aspect. This answers question No.(i) which has to be answered against the revenue and in favour of the respondent assessee Addition being expenditure incurred on rural development programmes treating them as advertisement and publicity expenses - Held that:- In the absence of full facts and failure of the appellant to place relevant orders on record, we cannot answer the question and the same is left unanswered for want of details and proper prosecution. Debenture issue expenses on issue of convertible debentures - Held that:- Third question referred to above is covered by the judgment of the Delhi High Court in CIT vs. Havells India Limited; [2012 (5) TMI 449 - DELHI HIGH COURT ]
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