Director Of Income Tax (E v. Institute Of Marketing & Management

$~128 *IN THE HIGH COURT OF DELHI AT NEW DELHI +ITA 545/2016 DIRECTOR OF INCOME TAX (E)..... AppellantThrough:Mr.Ruchir Bhatia, Senior StandingCounsel with Mr. Puneet Rai,Advocate. Versus INSTITUTE OF MARKETING & MANAGEMENT ..... RespondentThrough:Mr. Pranjal Srivastava, Advocate. CORAM: HON'BLE MR. JUSTICE S. RAVINDRA BHATHON'BLE MR. JUSTICE NAJMI WAZIRIO R D E R%14.12.2016 CM No. 45965/2016 This matter is taken up today as 12.12.2016, when it was originallylisted, was declared a holiday on account of “Id-E-Milad”. Issue notice. Mr. Pranjal Srivastava, Advocate accepts notice onbehalf of the respondent. This is an application for correction of the order dated 21.09.2016. Itis obvious that in the second para thereof the Court made an inadvertenterror in referring to Rule 10(B) of the Income Tax Rules and determinationof ACP exercise, which was not in issue.The Court had referred to anearlier decision of this Court, Vishwa Jagriti Mission (2012) 73 DTR 175 tosay that under similar circumstances, the claim for depreciation had beenallowed and upheld.This correction is directed to be carried out in therecord and a correct certified copy thereof be supplied to the counsel. The application is disposed off accordingly. S. RAVINDRA BHAT, J. DECEMBER 14, 2016sb NAJMI WAZIRI, J.