Just a moment...

Report
FeedbackReport
Bars
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

2005 (12) TMI 77

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tion 260A of the Income-tax Act, 1961 (hereinafter referred to as "the Act"), is directed against the order dated May 17, 2004, passed by the Income-tax Appellate Tribunal, Chandigarh Bench-A (for short "the Tribunal"), in I.T.A. No. 562/Chandi of 2003, pertaining to the assessment year 1994-95. According to the Revenue, the impugned order gives rise to the following substantial question of law: ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... up for consideration of this court in CIT v. Chopra Bros. India P. Ltd. [2001] 252 ITR 412. The question for consideration in that case was whether an assessee was entitled to the claim of depreciation on machinery, when a net profit rate on contract receipts had been applied. Answering the question in favour of the assessee, this court opined that such a claim had to be separately taken into acc....