Judgment Search Results Home > Cases Phrase: standards of weights and measures enforcement act 1985 54 of 1985 chapter 2 appointment of controllers inspectors and other officers Court: income tax appellate tribunal itat mumbai Page 1 of about 2 results (0.097 seconds)

The Icici Ltd. Vs. Dy. Cit, Special Range 36

Court : Income Tax Appellate Tribunal ITAT Mumbai

1. Those two appeals were heard by the Special Bench as directed by the Hon'ble President, Income-tax Appellate Tribunal. The events leading up to the reference may be briefly noticed.2. The appeal of the assessee M/s. Mid East Portfolio Management Ltd. before the Tribunal involved several issues, one of which was whether the assessee was entitled to the depreciation amounting to Rs. 97.50 lakhs on the air-pollution equipments purchased from Rajasthan State Electricity Board, (hereinafter referred to as "RSEB") and leased backed to it. In the course of the hearing of the appeal, the Bench felt that in view of the complexity of the issue and its general importance the question should be considered and decided by a larger Bench. In the course of the arguments, several orders of various Benches of the Tribunal were cited on behalf of the assessee where the view had been taken that depreciation was allowable. On behalf of the Department, the main contention was that the documentation had ...

Mid East Port Folio Management Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2003)87ITD537(Mum.)

1. These two appeals were heard by the Special Bench as directed by the Hon'ble President, Tribunal. The events leading up to the reference may be briefly noticed.2. The appeal of the assessee M/s Mid East Portfolio Management Ltd. before the Tribunal involved several issues, one of which was whether the assessee was entitled to the depreciation amounting to Rs. 97.50 lakhs on the air-pollution equipments purchased from Rajasthan State Electricity Board, (hereinafter referred to as "RSEB") and leased backed to it. In the course of the hearing of the appeal, the Bench felt that in view of the complexity of the issue and its general importance the question should be considered and decided by a larger Bench. In the course of the arguments, several orders of various Benches of the Tribunal were cited on behalf of the assessee where the view had been taken that depreciation was allowable, On behalf of the Department, the main contention was that the documentation had been so created as to ...