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The Commissioner of Income Tax, City-II, Mumbai Versus M/s. National Peroxide Ltd.

Depreciation and investment allowance on the plant and machinery - Whether the Tribunal justified directing AO to allow allowances when the Assessee had not carried out any manufacturing activity during the previous year relevant to the Assessment Year 1985-86? - whether Tribunal was justified in holding that the provisions of Sec. 37(3A) are not applicable to the expenses incurred on repairs and taxes of Motor Cars? - Held that:- It is an undisputed position that the disputed claim in the appea .....

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als. The questions which arise for our consideration in the present appeal would not give rise to any cascading effect - Decided against revenue - Income Tax Appeal No. 106 of 2002 - Dated:- 11-8-2015 - M. S. Sanklecha And N. M. Namdar, JJ. For the Appellant : Mr. Suresh Kumar, Adv For the Respondent : None ORDER P. C. This appeal under Section 260A of the Income Tax Act, 1961 (the 'Act') challenges the order dated 27 June 2001 for the Assessment Year 1985-86. 2. The appeal was admitted .....

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ng that the provisions of Sec. 37(3A) are not applicable to the expenses incurred on repairs and taxes of Motor Cars? 3. It is an undisputed position that the disputed claim in the appeal is valued at ₹ 9.88 lacs therefore follows that the tax effect in the present appeal is less than ₹ 10 lacs. 4. This Court in CIT Vs. Vijaya Kavekar 350 ITR 237 while dealing with appeals filed by the revenue dismissed a pending appeal having low tax effect i.e. less than ₹ 10 lacs by pacing r .....

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