2015 (1) TMI 970

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....spondent-assessee, filed its return of income on 15.05.1992, declaring total income at Rs. 11,90,459/-. Pursuant thereto, the case of the assessee was examined and the concerned AO, after making certain additions / disallowances, assessed the income of the assessee at Rs. 21,44,109/-. The assessee, hence, approached the CIT(A), who partly allowed its appeal. Being aggrieved with the same, the Revenue approached the Tribunal by way of appeal, wherein, the Tribunal passed the impugned order, as referred to in Para-1, herein above. Hence, the present appeal. 3. At the time of admitting the present appeal, this Court framed the following questions of law;     "(1) Is centering material to be viewed as "block of assets" for ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....l committed no error in confirming the order of the CIT(A). In support of his submissions, Mr. Shah placed reliance on the following decisions;       "CIT VS. ALAGENDRAN FINANCE LTD.", [2003] 264 ITR 0269 (Madras High Court);        "CIT VS. MOHTA CONSTRUCTION CO.", [2005] 273 ITR 0276 (Rajasthan High Court);        "CIT VS. DHALL ENTERPRISES AND ENGINEERING P. LTD.", [2006] 287 ITR 435 (Gujarat);        "CIT VS. ANSAL HOUSING FINANCE AND LEASING", [2013] 354 ITR 0180 (Delhi High Court); 7. Mr. Shah relying on the decision of this Court in "CIT VS. DHALL ENTERPRISES AND ENGINEERING P. LTD.", submitted that this C....