Filling of appeal in the High Court against order of ITAT have no effect as High Court neither can set aside nor can give stay

Last updated: 18 January 2012

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Court :
INCOME TAX APPELLATE TRIBUNAL

Brief :
That on the facts and circumstances of the case, Ld.CIT(A)-VI, Kolkata has erred in law as well as on facts by deleting the addition of excess depreciation claimed of Rs.1,61,95,130/- by relying upon the decision of the Hon’ble ITAT in the case of the assessee for the A.Yrs. 2001-02 to 2005-06 in view of the fact that it has not been accepted by the department and has filed appeal before the Hon’ble High Court.

Citation :
ITA No.443/Kol/2011 Assessment Year: 2006-07 D.C.I.T., Circle-5, Kolkata(APPELLANT )Versus.M/s. Kesoram Industries Ltd., Kolkata (PAN :: AABCK 2417 P)(RESPONDENT)

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1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

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Judgement posted by

Shivani

Finance Professional

I am passionate about simplifying finance, taxation, investing, insurance, and career trends into practical insights. Through my articles, I help readers make informed financial decisions, understand industry developments, and stay updated on personal finance, CA, and business topics.

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