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2017 (12) TMI 866 - HC - Income TaxReopening of assessment - denying carry forward of unabsorbed depreciation - Held that:- Attention of this court to the decision of this court in the case of General Motors India P. Ltd. V. Deputy Commissioner of Income Tax, [2012 (8) TMI 714 - GUJARAT HIGH COURT] to submit that the controversy involved in the first ground for reopening the assessment, stands concluded in favour of the assessee by this decision. Book profit determined as per section 115JB(2) on account of non-eligibility of bad debts provision - Held that:- To the extent of the bad debts involved in this case is to the tune of ₹ 3,40,855/only. Considering the smallness of the amount, the court does not deem it fit to enter into the merits of the controversy, and without expressing any opinion on the merits of such ground, leaves it open to the revenue to raise such contention in an appropriate case in future.
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