Navbharat Seeds Pvt Ltd vs We Have Heard Mr. Varun K Patel

(Per : HONOURABLE MR.JUSTICE V. M. SAHAI) 1.0 We have heard Mr. Varun K Patel, learned standing counsel appearing for the Revenue in this tax appeal.

2.0 Admit.

3.0 We formulate the following substantial questions of law.

"[A] Whether the Appellate Tribunal is right in law and on facts in deleting the disallowance of Rs. 3,11,963/­ made on depreciation on car registered in the name of the Director of the Company?

[B] Whether the Appellate Tribunal is right in law and on facts in deleting the disallowance of Rs.1,55,128/­ made on account of interest expenditure?"

HC-NIC Page 1 of 2 Created On Tue Feb 16 02:41:57 IST 2016 TAXAP/557/2011 2/2 ORDER 4.0 Issue Notice to the respondents. Paper­book be ready within three months. Office to connect the present appeal with the Tax Appeal No.558 of 2011.

[V. M. SAHAI, J.] [N. V. ANJARIA, J.] Amit HC-NIC Page 2 of 2 Created On Tue Feb 16 02:41:57 IST 2016