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2018 (2) TMI 1960 - HC - Income TaxDepreciation on assets transferred upon amalgamation from the amalgamating company as amalgamated by virtue of the order of the BIFR - HELD THAT:- Substantial question of law at serial No.(1) is covered by the decision of this Court delivered in M/S. BALLARPUR INDUSTRIES LTD., NEW DELHI. [2017 (9) TMI 490 - BOMBAY HIGH COURT]. Unabsorbed depreciation u/s 32(1) against the assessee Levy of interest u/s 234C - HELD THAT:- Apex Court in the case of Joint Commissioner of Income Tax v. Rolta India Ltd. [2011 (1) TMI 5 - SUPREME COURT] . Therefore, these substantial questions of law no longer survive for consideration of this Court, and the appeal to that extent is required to be dismissed. Disallowance as prior period expenses - grant of deduction in the years to which the same relates as per A.O. - Disallowance being expenditure incurred by appellant at its office located at Kolkata. Legal fees and expenses paid - Assessee submits that in the matter pertaining to Assessment Year 199899, such expenditure has been allowed by the Assistant Commissioner of IncomeTax, and in the light of that decision, this question is required to be considered, which can be done by the Assessing Officer, if the matter is remitted back to him for fresh consideration.
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