2013 (6) TMI 601

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Per Shamim Yahya: AM. This appeal by the Revenue is directed against the order of the Ld. Commissioner of Income Tax (Appeals)-I, New Delhi dated 13.3.2012 pertaining to assessment year 2007-08. 2. The grounds raised read as under:- 1. The Ld. Commissioner of Income Tax (A) is not correct in law and facts. 2. On the facts in the circumstances of the case, the Ld. Commissioner of Incom....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....cer noted that a sum of Rs. 7,14,770/- on account of payment of employees contribution of PF was made subsequent to the due date in this regard. Hence, he made the disallowance of the aforesaid amount. 4. Upon assessee's appeal Ld. Commissioner of Income Tax (A) noted that outstanding dues were paid within the due date on filing of the income tax return. In this view of the matter, Ld. Commissi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... was eligible for depreciation @15% in this regard. Accordingly, he made the disallowance of the difference of the depreciation claimed. 8. Upon assessee's appeal Ld. Commissioner of Income Tax (A) decided the issue in favour of the assessee. 9. Against the above order the Revenue is in appeal before us. 10. We have heard both the counsel and perused the records. We find that the issue is....