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2016 (1) TMI 232 - HC - Income TaxAddition made on account of late deposit of employees' contribution to PF - ITAT deleted the addition - Held that:- Issue covered against the revenue by judgment of the Apex Court in Commissioner of Income Tax vs. Alom Extrusions Limited, (2009 (11) TMI 27 - SUPREME COURT) - Decided on favour of assessee. Disallowance of depreciation by taking the whole of the building as let out and income was assessed under the head “income from house property" - CIT(A) and ITAT held that as 10% area was let out and thereby depreciation to this extent was disallowed - Held that:- Tribunal while affirming the findings arrived at by the CIT(A) that only 10% area was let out by the assessee to its associated concerns for administrative work whereas the remaining area was being used by it. Thus, depreciation only to the extent of 1/10th was disallowed. No error was pointed out by the learned counsel for the revenue in the findings recorded by the CIT(A) as well as the Tribunal. - Decided on favour of assessee in part.
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