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2016 (2) TMI 1010 - AT - Income TaxDepreciation on assets of assessee trust - Held that:- Claim has since been correctly allowed by the CIT(Appeals) following the ratio of the judgment of the Hon’ble Bombay High Court in the case of CIT vs. Institute of Banking Personnel [2003 (7) TMI 52 - BOMBAY High Court] Allow carry forward of the current’s assessed deficit for set-off in the subsequent years - Held that:- The said direction of the CIT(Appeals) is very much in line with the decision of the Hon’ble Bombay High Court in the case of Institute of Banking Personnel Selection (supra) and on this aspect also no error can be found with the decision of the CIT(Appeals), which I hereby affirm.
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