IN THE HIGH COURT OF DELHI AT NEW DELHI
ITA 1081/2005
COMMISSIONER OF INCOME TAX DEL ..... Petitioner
Through : Ms. P.L. Bansal, Adv.
.
versus
M/S HLS ASIA LTD. ..... Respondent
Through : Ms. Kavita Jha, Adv.
.
.
.
CORAM:
HON'BLE MR. JUSTICE T.S. THAKUR
HON'BLE MR. JUSTICE B.N.CHATURVEDI
O R D E R
16.11.2005
ADMIT.
Following two substantial questions of law are formulated for
determination:
?1. Whether ITAT was correct in law in holding that the assessee was
entitled to depreciation @100% on the Plant and Machinery (logging tools) in
question??
.
2. Whether activity carried by the assessee involving to collection and
.
.
.
transmission of data amounts to manufacturing and producing of an article or
thing so as to entitle it to a deduction under Section 80-IA of the Income Tax
Act??
The appellant shall file within three months the requisite number
of paper books in accordance with High Court Rules.
Post for hearing alongwith ITA No.683/2005 in due course.
.
.
T.S. THAKUR, J
.
.
B.N.CHATURVEDI, J
NOVEMBER 16, 2005
sa