2019 (11) TMI 212

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r The Appellant : Mr. Vivek Sethi, Advocate ORDER AJAY TEWARI, J. (Oral) 1. This order shall dispose of the above mentioned four appeals. Since common questions of law and facts are involved therein, they are being decided by this common order. For the sake of convenience the facts are being taken from ITA No.101 of 2018. 2. ITA No.101 of 2018 has been filed under Section 260A of the Income....

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 (for short 'the Act') against the order of the Income Tax Appellate Tribunal Division Bench Amritsar, dated 23.08.2017 in ITA No.425(Asr)/2016 for the Assessment Year 2010- 2011. 6. These appeals have been filed against the orders of the Tribunal allowing 30% depreciation to the Assessee for the buses which were owned by it and were being run on hire....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....No.III (3) (ii) quoted above makes it clear that the interpretation given by the Commissioner and the Tribunal is correct and natural while that sought to be given by the Assessing Officer is most unnatural and really makes the provision un-meaning because then it would imply that an Assessee is using the motor buses/ motor lorries and motor taxies in a business of running. We asked the learned co....