Supreme Court · 2009 INSC 161 · Decided 12 February 2009
Mcorp Global PVT. LTD. v. Commissioner of Income-Tax, Ghaziabad
- Court
- Supreme Court of India
- Citation
- 2009 INSC 161 · [2009] 2 S.C.R. 213
- Case number
- CIVIL APPEAL No. 955/2009
- Decided
- 12 February 2009
- Bench
- S.H. KAPADIA, H.L. DATTU (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
Income Tax Act, 1961 : .... J Depreciation - claim for - In respect of two lease trans- actions by the assessee- In respect of first transaction initially c partly denied by AO but on remission of the matter assessee held to be 100% entitled- Order of AO on remission not cha/- Jenged - The order by Tribunal and High Court - In respect of second transactions, depreciation denied by AO and the appellate court~ holding D + the same to be a sham- On appeal, held: Denial of deprecia- tion in respect of first transaction not correct - Tribunal has no power to enhance the assessment- The
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)