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Pr. CIT Versus Bharat Hotels Ltd.

Depreciation - World Trade Centre and the World Trade Tower buildings - Held that:- Claim being allowed to the Assessee in respect of the World Trade Centre and the World Trade Tower buildings under Section 32 - the question stands answered against the Revenue by an order passed in CIT v. Bharat Hotels Ltd. (2015 (7)875 - DELHI HIGH COURT ). - Addition u/s 14A - Held that:- The ITAT has rightly followed the decision of this Court in CIT v. Holcim India Pvt. Ltd. (2014 (9)434 - DELHI HIGH COU .....

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, 1961 ( Act ) are directed against the order dated 29th December, 2014 passed by the Income Tax Appellate Tribunal ( ITAT ) in ITA Nos.4959/Del/2012 and 5401/Del/2013 for the Assessment Years ( AY ) 2009-10 and 2010-11. 2. As far as the issue relating to depreciation being allowed to the Assessee in respect of the World Trade Centre and the World Trade Tower buildings under Section 32 of the Act, the question stands answered against the Revenue by an order dated 24th July 2015 passed by this Co .....

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