S.C : the assessee has failed to furnish form 3AA along with the return of income. Admittedly, Form 3AA was submitted during the course of assessment proceedings and it is not in dispute that the assessee is entitled to the additional depreciation. In these circumstances, in the light of the judgment of this Court in the case of Commissioner of Income Tax v. Shivanand Electronics [1994] 209 ITR 63 (Bom.), we see no merit in this appeal

Supreme Court Of India CIT, Maharashtra vs. G. M. Knitting Industries (P.) Ltd. Section : 32, 80-IB Assessment year 2005-06 A.K. Sikri And Rohinton Fali Nariman, JJ. Civil Appeal Nos. 10782 Of 2013 & 4048 Of 2014 July 24, 2015 ORDER 1. It would be suffice to reproduce para 2 of the impugned order whereby…

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