M/s VIL Limited Vs. Dy.C.I.T.-6, Lucknow

Parties Involved

Facts Summary

These two appeals were filed by the assessee against the orders of the Commissioner of Income Tax (Appeals) for assessment years 2011-12 and 2013-14. The assessee, M/s VIL Limited, challenged the rejection of their claim for credit of TDS and the disallowance of depreciation on shuttering material. The assessee argued that the Commissioner of Income Tax (Appeals) had erred in rejecting their claims without proper verification and consideration of relevant instructions and circulars. The assessee also claimed that they were undergoing CIRP proceedings and had been granted a resolution plan by the NCLT. The appeals were heard ex-parte as the assessee repeatedly sought adjournments and was deemed not sincere in prosecuting the appeals.…

Legal Issues

• 1. Rejection of claim for credit of TDS
• 2. Disallowance of depreciation on shuttering material

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

Similar Judgements

• M/s VIL Limited Vs. Dy.C.I.T.-6, Lucknow

  Lucknow bench

• Charanbir Singh Sethi & Amrit Pal Singh Chadha vs ACIT, Central Circle-19

  'B' Bench, Delhi benchAY 2013-14Allowed

• ITA 4386/MUM/2026

  Mumbai bench

• M/s. Sarga Hotel Private Limited Vs. I.T.O, Ward-8(2), Kolkata

  Kolkata 'C' Bench benchAY 2013-14 & 2014-15Dismissed

• Ankit Metal & Power Ltd. vs. Deputy Commissioner of Income tax

  Kolkata Bench benchAY 2008-09 & 2012-13Dismissed

• Mr. Glen Morgan D’ Costa v/s Income Tax Officer (International Taxation)