Principal Commissioner Of Income Tax-3 v. Rasna Pvt. Ltd

C/TAXAP/1034/2018 ORDER IN THE HIGH COURT OF GUJARAT AT AHMEDABAD R/TAX APPEAL NO. 1034 of 2018 ========================================================== PRINCIPAL COMMISSIONER OF INCOME TAX-3VersusRASNA PVT. LTD ==========================================================Appearance: MRS MAUNA M BHATT(174) for the PETITIONER(s) No. 1 for the RESPONDENT(s) No. 1 ========================================================== CORAM: HONOURABLE MR.JUSTICE AKIL KURESHIand HONOURABLE MR.JUSTICE B.N. KARIA Date : 20/08/2018 ORAL ORDER (PER : HONOURABLE MR.JUSTICE AKIL KURESHI) 1.Revenue has filed this appeal presenting following questions for our consideration: “[A] Whether the Appellate Tribunal was right in law and on facts in deleting the disallowance for liabilities for damaged goods of Rs.1,89,45,235/-? [B]Whether the Appellate Tribunal is right in law and on facts in deleting the disallowance of depreciation of Rs.20,43,972/- on intangible assets in the form of non-compete territory rights? 2.This issue pertains to assessment year 2009-10. Revenue's appeal for the same year raising same questions being Tax Appeal No.1031 of 2018 is admitted for considering only the second question. C/TAXAP/1034/2018 ORDER The first question is declined on merits. It is not necessary to separately admit this appeal since Tax Appeal No.1031 of 2018 confined to one question, is admitted and will be considered finally. 3.Tax Appeal is disposed of. (AKIL KURESHI, J) ANKIT SHAH (B.N. KARIA, J)