Deduction towards depreciation and financial cost under the Income Tax Act

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Last updated: 23 June 2021
Quick Summary
This Income Tax Appellate Tribunal case concerns Coromandel Concrete Products Pvt Ltd.'s appeal regarding deductions for depreciation and financial costs for the Assessment Year 2012-13. The assessee argued that these deductions were not properly considered during the initial processing of their tax return. The Tribunal directed the Assessing Officer to verify the claim for depreciation and also requested verification of the financial cost deduction.

Court :
ITAT Hyderabad

Brief :
This appeal is filed by the assessee against the order of the Ld. CIT (A)-1, Hyderabad in appeal No. 0152/2017-18/ITO-1(4)/CIT(A)-

Citation :
ITA No. 323/Hyd/2019

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