Karnataka Road Development Corporation Limited , Bangalore Vs Deputy Commissioner of Income Tax Circle-4(1)(1), Bangalore

The Karnataka Road Development Corporation Limited appealed against the Income Tax Appellate Tribunal's decision concerning depreciation claims on bridges for the assessment years 2013-14 and 2014-15. The core issue was whether the corporation was entitled to depreciation, as the revenue authorities argued it was neither the owner nor user of the bridges for its business. However, during the hearing, the corporation decided not to pursue the depreciation claim on the bridges.

IN THE INCOME TAX APPELLATE TRIBUNAL
“A ” BENCH : BANGALORE

BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENT
AND SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER

ITA No. and
Assessment
Year

1080/Bang/2018
2013-14

1081/Bang/2018
2014-15 

APPELLANT : 
M/s. Karnataka Road Development Corporation Ltd.,No.16/J, 1st Floor,Miller Tank Bed Area,Thimmaiah Road Cross,Bengaluru – 560 052.PAN : AABCK 2261 R

RESPONDENT:
The Deputy Commissioner of Income Tax,Circle – 4(1)(1),Bengaluru.

The Income Tax Officer,Ward – 4(1)(2),Bengaluru.

Appellant by : Shri. B. T. Shetty, CA
Respondent by : Ms. Neera Malhotra, CIT(DR)(ITAT), Bengaluru.

Date of hearing : 18.11.2020
Date of Pronouncement : 18.11.2020

O R D E R

Per N.V. Vasudevan, Vice President

These are appeals by the assessee against two orders both dated 28.12.2017 of CIT(A)-4, Bangalore, relating to Assessment Years 2013-14 and 2014-15.

2. The only grievance projected by the assessee in the grounds of appeal raised for both the Assessment Years is with regard to action of the Revenue authorities in not allowing depreciation claimed by the assessee on bridges on the ground that the assessee was not the owner of the bridge and also was not using the bridges for the purpose of its business. At the time of hearing, learned Counsel for the assessee submitted that the assessee does not want to press the claim of depreciation on bridges. In the circumstances, we dismiss both the appeals of the assessee as not pressed.

3. In the result, appeals of the assessee are dismissed.

Pronounced in the open court on this 18th day of November, 2020.
Sd/-                                                                Sd/-
( CHANDRA POOJARI )                               ( N V VASUDEVAN )
ACCOUNTANT MEMBER                            VICE PRESIDENT

Bangalore,
Dated, the 18th November, 2020.
/NS/*

Copy to:
1. Appellant 2. Respondent 3. CIT 4. CIT(A)
5. DR, ITAT, Bangalore.

By order

Assistant Registrar
ITAT, Bangalore.