2017 (4) TMI 411

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.... ORDER ( Judgment of the Court was delivered by Rajiv Shakdher,J.) 1.This is an appeal filed by the Assessee under Section 260 A of the Income Tax Act, 1961 (in short, the Act). The appeal is directed against the judgment and order of the Income Tax Appellate Tribunal (in short, the Tribunal), dated 14.03.2013. 2.The Assessee is aggrieved by the fact that it was not permitted to carry fo....

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.... claim of the Assessee, for balance depreciation. 3.4.Being aggrieved, the Assessee carried the matter in appeal to the Commissioner of Income Tax (Appeals) [in short, CIT(A)]. 3.5.The CIT(A) vide order dated 15.11.2010, allowed the appeal of the Assessee. 3.6.The Revenue being aggrieved, carried the matter in appeal to the Tribunal. 3.7.As indicated at the outset, the Tribunal sustain....

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....the Assessee relies upon the judgment delivered in : T.C.A.No.157 of 2017, titled: Commissioner of Income Tax, Madurai Vs. M/s.Shri T.P.Textiles Private Limited, and the judgement delivered in : T.C.A.No.551 of 2013, titled: M/s.Brakes India Limited Vs. The Deputy Commissioner of Income Tax, today i.e., 14.03.2017. 6.Mr.Senthil Kumar, who appears for the Revenue, submits that there is one other....