Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
On the facts and in the circumstances of the case, the Ld. CIT(A) erred in allowing depreciation on certain fixed assets, particularly when full cost of such assets stood allowed in earlier years as application of income and further allowance by way of depreciation would now result in allowing double deduction. Reliance is placed on the decision of Cochin Bench of ITAT in the case of the DDIT(E) Vs. Lissie Medical Institutions (2010-TIOL-644-ITAT-Coachin)
Citation :
Income-tax Officer (E), Trust Ward-III, Delhi. (Appellant) Vs.Council of Scientific & Industrial Research, Anusandhan Bhawan,Rafi Marg, New Delhi. PAN: AAATC2716R(Respondent)
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