2015 (4) TMI 1066

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ng counsel For the Respondent :Mr. Prakash Kumar and Mr. Manish Kumar, Advs. O R D E R 1. The questions sought to be urged by the revenue is with regard to the treatment of the sum of Rs.66,25,049/- which was deleted pursuant to the concurrent orders of the CIT(Appeals) and the ITAT. It is argued that the amount received as development fund by the assessee and directly taken to the balance a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... amounts. In these circumstances we leave the question of law open to be urged later in an appropriate case. 4. As far as the other issue with respect to claim for depreciation of Rs.15,94,466/- - allowed in favour of the assessee is concerned, the Court noticed that the question of law sought to be urged stands covered in the assessee's favour in Director of Income Tax V. Indraprasth Cancer Soci .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X