Deputy Commissioner of Income Tax, Circle-I, Kolkata v. India Jute & Industries Ltd.

65 Taxmann.com 238Reported decision2016#7973 most cited

What is Deputy Commissioner of Income Tax, Circle-I, Kolkata v. India Jute & Industries Ltd. authority for?

Unabsorbed depreciation is not a subject matter that can be rectified under Section 154 of the Income-tax Act.

14

judgments rely on this decision, according to BharatTax’s citation analysis of 366,315 Indian tax judgments — from 2022 to 2025.

Also referred to as

Deputy Commissioner of Income Tax v. India Jute & Industries Ltd. · 65 Taxmann.com 238 · Section 154 · unabsorbed depreciation · rectification · issue of unabsorbed depreciation · mistake apparent from the record

Sections most often in play

Section 1961Section 143(3)Section 143(3) of the Income-tax ActSection 144BSection 144C(13)Section 170Section 250 of the Income-tax ActSection 32

Issues it is cited on

business transfer agreementsection 32(2)section 31(1)section 170section 50bresulting companydepreciation on goodwillsection 47slump salesection 43(6)section 43(1)going concern

Judgments citing Deputy Commissioner of Income Tax, Circle-I, Kolkata v. India Jute & Industries Ltd.

Pmv Maltings Pvt Ltd, New Delhi vs. ACIT Circle-19(2), New Delhi

In the result the appeal of the assessee for ITA No

ITA 6906/DEL/2019[2016-17]Status: DisposedITAT Delhi26 Sept 2025AY 2016-17

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla

Section 143(3)Section 32

…ITA Nos. 3103 & 6906/Del/2019 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “F”: NEW DELHI BEFORE SHRI ANUBHAV SHARMA, JUDICIAL MEMBER AND SHRI AMITABH SHUKLA, ACCOUNTANT MEMBER ITA Nos. 3103/Del/2019&6906/Del/2019 Assessment year: 2015-16 and 2016-17 M/s.PMV Maltings Pvt Ltd, Vs Assistant Commissioner Level-5, Caddie Commercial of Income Tax, Hospitality District, Aerocity, Circle 19(2), IGI Airport, New Delhi. New Delhi-110037 PAN: AAECP9899F APPELLANT RESPONDENT Assessee represented by Ms. Aditi Gupta, & Shri Abdullah Mustaqueem, Advocates Department represented by Ms. Harpreet Kaur Hansra, Sr. DR Date of…

Pmv Maltings Pvt Ltd, New Delhi vs. ACIT Circle-19(2), New Delhi

In the result the appeal of the assessee for ITA No

ITA 3103/DEL/2019[2015-16]Status: DisposedITAT Delhi26 Sept 2025AY 2015-16

Bench: Shri Anubhav Sharma & Shri Amitabh Shukla

Section 143(3)Section 32

…ITA Nos. 3103 & 6906/Del/2019 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “F”: NEW DELHI BEFORE SHRI ANUBHAV SHARMA, JUDICIAL MEMBER AND SHRI AMITABH SHUKLA, ACCOUNTANT MEMBER ITA Nos. 3103/Del/2019&6906/Del/2019 Assessment year: 2015-16 and 2016-17 M/s.PMV Maltings Pvt Ltd, Vs Assistant Commissioner Level-5, Caddie Commercial of Income Tax, Hospitality District, Aerocity, Circle 19(2), IGI Airport, New Delhi. New Delhi-110037 PAN: AAECP9899F APPELLANT RESPONDENT Assessee represented by Ms. Aditi Gupta, & Shri Abdullah Mustaqueem, Advocates Department represented by Ms. Harpreet Kaur Hansra, Sr. DR Date of…

Gati Kintetsu Express Private Limited, Mumbai vs. Dy.Commissioner of Income, Cirlce 14(1)(2)Tax, Mumbai

In the result, In the result, appeal for AY 2013-14 is allowed partly for 14 is allowed partly for statistical purposes, purposes, appeal for AY 2014-15 is partly allowed, is partly allowed, appeal...

ITA 2833/MUM/2023[2017-18]Status: DisposedITAT Mumbai13 May 2024AY 2017-18

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail ()

For Respondent: Mr. Madhur Agrawal
Section 143(3)Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “G” MUMBAI BEFORE SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) AND SHRI SANDEEP SINGH KARHAIL (JUDICIAL MEMBER) ITA Nos. 2829 to 2833/MUM/2023 Assessment Year: 2013-14 to 2017-18 M/s Gati Kintetsu Express Pvt. Ass./Dy. CIT, Circle 14(1)(2), Ltd, Room No. 455, 4th floor, 4th floor, A Wing, Allcargo House, Vs. Aayakar Bhavan, M.K. Road, CST Road, Kalina, Mumbai-400020. Santacruz (East), Mumbai-400098. PAN NO. AADCG 2096 A Appellant Respondent : Mr. Madhur Agrawal, Assessee by Mr. Fenil Bhatt & Mr. C.C. Dangi : Ms. R A Dhyani, CIT-DR Revenue by : 19/02/2024 Date of Hear…

Gati Kintetsu Express Private Limited, Maharashtra and Mumbai vs. Dy. Commissioner of Income Tax, Circle 14(1)(2), Mumbai, Maharashtra and Mumbai

In the result, In the result, appeal for AY 2013-14 is allowed partly for 14 is allowed partly for statistical purposes, purposes, appeal for AY 2014-15 is partly allowed, is partly allowed, appeal...

ITA 2832/MUM/2023[ASS YEAR 2016 - 2017]Status: DisposedITAT Mumbai13 May 2024

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail ()

For Respondent: Mr. Madhur Agrawal
Section 143(3)Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “G” MUMBAI BEFORE SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) AND SHRI SANDEEP SINGH KARHAIL (JUDICIAL MEMBER) ITA Nos. 2829 to 2833/MUM/2023 Assessment Year: 2013-14 to 2017-18 M/s Gati Kintetsu Express Pvt. Ass./Dy. CIT, Circle 14(1)(2), Ltd, Room No. 455, 4th floor, 4th floor, A Wing, Allcargo House, Vs. Aayakar Bhavan, M.K. Road, CST Road, Kalina, Mumbai-400020. Santacruz (East), Mumbai-400098. PAN NO. AADCG 2096 A Appellant Respondent : Mr. Madhur Agrawal, Assessee by Mr. Fenil Bhatt & Mr. C.C. Dangi : Ms. R A Dhyani, CIT-DR Revenue by : 19/02/2024 Date of Hear…

Gati Kintetsu Express Private Limited, Maharashtra and Mumbai vs. Dy. Commissioner of Income Tax, Circle 14(1)(2), Mumbai, Maharashtra and Mumbai

In the result, In the result, appeal for AY 2013-14 is allowed partly for 14 is allowed partly for statistical purposes, purposes, appeal for AY 2014-15 is partly allowed, is partly allowed, appeal...

ITA 2831/MUM/2023[ASS YEAR 2015-2016]Status: DisposedITAT Mumbai13 May 2024

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail ()

For Respondent: Mr. Madhur Agrawal
Section 143(3)Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “G” MUMBAI BEFORE SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) AND SHRI SANDEEP SINGH KARHAIL (JUDICIAL MEMBER) ITA Nos. 2829 to 2833/MUM/2023 Assessment Year: 2013-14 to 2017-18 M/s Gati Kintetsu Express Pvt. Ass./Dy. CIT, Circle 14(1)(2), Ltd, Room No. 455, 4th floor, 4th floor, A Wing, Allcargo House, Vs. Aayakar Bhavan, M.K. Road, CST Road, Kalina, Mumbai-400020. Santacruz (East), Mumbai-400098. PAN NO. AADCG 2096 A Appellant Respondent : Mr. Madhur Agrawal, Assessee by Mr. Fenil Bhatt & Mr. C.C. Dangi : Ms. R A Dhyani, CIT-DR Revenue by : 19/02/2024 Date of Hear…

Gati Kintetsu Express Private Limited, Mumbai vs. Dy Commissioner of Income Tax, Circle 14(1)(2), Mumbai

In the result, In the result, appeal for AY 2013-14 is allowed partly for 14 is allowed partly for statistical purposes, purposes, appeal for AY 2014-15 is partly allowed, is partly allowed, appeal...

ITA 2830/MUM/2023[ASST YEAR 2014-15]Status: DisposedITAT Mumbai13 May 2024

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail ()

For Respondent: Mr. Madhur Agrawal
Section 143(3)Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “G” MUMBAI BEFORE SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) AND SHRI SANDEEP SINGH KARHAIL (JUDICIAL MEMBER) ITA Nos. 2829 to 2833/MUM/2023 Assessment Year: 2013-14 to 2017-18 M/s Gati Kintetsu Express Pvt. Ass./Dy. CIT, Circle 14(1)(2), Ltd, Room No. 455, 4th floor, 4th floor, A Wing, Allcargo House, Vs. Aayakar Bhavan, M.K. Road, CST Road, Kalina, Mumbai-400020. Santacruz (East), Mumbai-400098. PAN NO. AADCG 2096 A Appellant Respondent : Mr. Madhur Agrawal, Assessee by Mr. Fenil Bhatt & Mr. C.C. Dangi : Ms. R A Dhyani, CIT-DR Revenue by : 19/02/2024 Date of Hear…

Gati Kintetsu Express Pvt. Ltd, Maharashtra and Mumbai vs. Dy. Commissioner of Income Tax, Circle 14(1)(2), Mumbai, Maharashtra and Mumbai

ITA 2829/MUM/2023[ASS YEAR 2013-2014]Status: DisposedITAT Mumbai13 May 2024

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail ()

For Respondent: Mr. Madhur Agrawal
Section 143(3)Section 250

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “G” MUMBAI BEFORE SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) AND SHRI SANDEEP SINGH KARHAIL (JUDICIAL MEMBER) ITA Nos. 2829 to 2833/MUM/2023 Assessment Year: 2013-14 to 2017-18 M/s Gati Kintetsu Express Pvt. Ltd, 4th floor, A Wing, Allcargo House, CST Road, Kalina, Santacruz (East), Mumbai-400098. PAN NO. AADCG 2096 A Appellant Vs. Assessor by Revenue by Date of Hearing Date of pronouncement Ass./Dy. CIT, Circle 14(1)(2), Room No. 455, 4th floor, Aayakar Bhavan, M.K. Road, Mumbai-400020. Respondent : Mr. Madhur Agrawal, Mr. Fenil Bhatt & Mr. C.C. Dangi : Ms. R A Dh…

M/S. I & B Seeds Private Limited, Bengaluru vs. Assistant Commissioner of Income-Tax, Circle-3(1)(1), Bengaluru

In the result, the appeals of the assessee are partly allowed for statistical purposes

ITA 702/BANG/2023[2020-21]Status: DisposedITAT Bangalore16 Nov 2023AY 2020-21

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Ms. Richa Bakiwala & Shri Hema Sundar, A.RsFor Respondent: Sri Subramanian S., D.R
Section 14ASection 32Section 32(1)

…ITA No.683, 701 & 702/Bang/2023 M/s. I&B Seeds Private Limited, Bangalore IN THE INCOME TAX APPELLATE TRIBUNAL “B’’ BENCH: BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA Nos.683, 701 & 702/Bang/2023 Assessment Years: 2017-18, 2018-19 & 2020-21 M/s. I&B Seeds Private Limited No.15/3A, Noojibail Nursery Dr. Vishnuvardhan Road ACIT Ganakallu Village Circle-3(1)(1) Vs. Kengeri Post Bengaluru Bengaluru 560 060 PAN NO : AADCI6256N APPELLANT RESPONDENT Appellant by : Ms. Richa Bakiwala & Shri Hema Sundar, A.Rs Respondent by : Sri Subramanian S., D.R. Date of…

M/S. I & B Seeds Private Limited, Bengaluru vs. Assistant Commissioner of Income-Tax, Circle-3(1)(1), Bengaluru

In the result, the appeals of the assessee are partly allowed for statistical purposes

ITA 701/BANG/2023[2018-19]Status: DisposedITAT Bangalore16 Nov 2023AY 2018-19

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Ms. Richa Bakiwala & Shri Hema Sundar, A.RsFor Respondent: Sri Subramanian S., D.R
Section 14ASection 32Section 32(1)

…ITA No.683, 701 & 702/Bang/2023 M/s. I&B Seeds Private Limited, Bangalore IN THE INCOME TAX APPELLATE TRIBUNAL “B’’ BENCH: BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA Nos.683, 701 & 702/Bang/2023 Assessment Years: 2017-18, 2018-19 & 2020-21 M/s. I&B Seeds Private Limited No.15/3A, Noojibail Nursery Dr. Vishnuvardhan Road ACIT Ganakallu Village Circle-3(1)(1) Vs. Kengeri Post Bengaluru Bengaluru 560 060 PAN NO : AADCI6256N APPELLANT RESPONDENT Appellant by : Ms. Richa Bakiwala & Shri Hema Sundar, A.Rs Respondent by : Sri Subramanian S., D.R. Date of…

M/S. I & B Seeds Private Limited, Bengaluru vs. The Assistant Commissioner of Income-Tax, Circle-3(1)(1), Bengaluru

In the result, the appeals of the assessee are partly allowed for statistical purposes

ITA 683/BANG/2023[2017-18]Status: DisposedITAT Bangalore16 Nov 2023AY 2017-18

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Ms. Richa Bakiwala & Shri Hema Sundar, A.RsFor Respondent: Sri Subramanian S., D.R
Section 14ASection 32Section 32(1)

…ITA No.683, 701 & 702/Bang/2023 M/s. I&B Seeds Private Limited, Bangalore IN THE INCOME TAX APPELLATE TRIBUNAL “B’’ BENCH: BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA Nos.683, 701 & 702/Bang/2023 Assessment Years: 2017-18, 2018-19 & 2020-21 M/s. I&B Seeds Private Limited No.15/3A, Noojibail Nursery Dr. Vishnuvardhan Road ACIT Ganakallu Village Circle-3(1)(1) Vs. Kengeri Post Bengaluru Bengaluru 560 060 PAN NO : AADCI6256N APPELLANT RESPONDENT Appellant by : Ms. Richa Bakiwala & Shri Hema Sundar, A.Rs Respondent by : Sri Subramanian S., D.R. Date of…

Atos It Services Private Limited, Bangalore vs. Assistant Commissioner of Income Tax, Circle-1(1)(1), Bangalore

In the result, the appeal by the assessee is partly allowed

ITA 226/BANG/2021[2016-17]Status: DisposedITAT Bangalore25 Aug 2022AY 2016-17

Bench: Shri George George K. & Ms. Padmavathy S

For Appellant: Shri Dhanesh Bafna, CAFor Respondent: Shri Bijoy Kumar Panda, CIT(DR)(ITAT), Bengaluru
Section 143(2)Section 143(3)Section 92B(2)Section 92C

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH : BANGALORE BEFORE SHRI GEORGE GEORGE K., JUDICIAL MEMBER AND Ms. PADMAVATHY S, ACCOUNTANT MEMBER IT(TP)A No.226/Bang/2021 Assessment year : 2016-17 Atos IT Services Private Limited, Vs. The Assistant Commissioner Plot 8B, RMZ Centennial Campus-B, of Income Tax, 5th Floor, ITPL Main Road, Circle 1(1)(1), Whitefield, Bangalore – 560 048. Bengaluru. PAN: AAACX 1727G APPELLANT RESPONDENT Appellant by : Shri Dhanesh Bafna, CA Respondent by : Shri Bijoy Kumar Panda, CIT(DR)(ITAT), Bengaluru. Date of hearing : 22.08.2022 Date of Pronouncement : 25.08.2022 O R D E R Per…

M/S I & B Seeds Private Limited, Bangalore vs. Deputy Commissioner of Income Tax Circle-3(1)(1), Bangalore

In the result, the appeal filed by the assessee is allowed

ITA 3415/BANG/2018[2015-16]Status: DisposedITAT Bangalore15 Jun 2022AY 2015-16

Bench: Shri Chandra Poojari & Shri George George K.Assessment Year: 2015-16

For Appellant: Shri Nitish Ranjan, A.RFor Respondent: Shri Sankar Ganesh K, D.R
Section 43(1)

…ITA No.3415/Bang/2018 M/s. I&B Seeds Private Limited, Bangalore IN THE INCOME TAX APPELLATE TRIBUNAL “A’’ BENCH: BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND Shri GEORGE GEORGE K., JUDICIAL MEMBER Assessment Year: 2015-16 M/s. I&B Seeds Private Limited No.15/3A, Noojibail Nursery Dr. Vishnuvardhan Road Deputy Commissioner of Ganakallu Village Income-tax Vs. Kengeri Post Circle-3(1)(1) Bengaluru 560 060 Bangalore PAN NO : AADCI6256N APPELLANT RESPONDENT Appellant by : Shri Nitish Ranjan, A.R. Respondent by : Shri Sankar Ganesh K, D.R. Date of Hearing : 19.05.2022 Date of Pronouncement : 15.…

M/S. Te Connectivity Services India Private Limited, Bangalore vs. Assistant Commissioner of Income Tax, Circle-7(1)(1), Bangalore

In the result, the appeal by the assessee is partly allowed for statistical purposes

ITA 300/BANG/2021[2016-17]Status: DisposedITAT Bangalore26 May 2022AY 2016-17

Bench: Shri Chandra Poojari & Smt. Beena Pillaiit(Tp)A No.300/Bang/2021 Assessment Year : 2016-17

For Appellant: Shri Sriram Sheshadri & Ms. Amulya K., CAsFor Respondent: Dr. Manjunath Karkihalli, CIT(DR)(ITAT), Bengaluru
Section 143(3)

…IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH : BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER IT(TP)A No.300/Bang/2021 Assessment year : 2016-17 TE Connectivity Services Vs. The Assessing Officer, India Private Ltd., National Faceless 59/2, 1st Floor, Gurudas Heritage, Assessment Centre, Block-b, 100 Feet Ring Road, Delhi. Banashankari 2nd Stage, Bangalore – 560 070. PAN: AAFCT 3474R APPELLANT RESPONDENT Appellant by : Shri Sriram Sheshadri & Ms. Amulya K., CAs Respondent by : Dr. Manjunath Karkihalli, CIT(DR)(ITAT), Bengaluru. Date of hearing : 15.03.2022 Dat…

ACIT, New Delhi vs. Frigoglass India Private Ltd., Gurgaon

In the result, Revenue’s Appeal and Assessee’s Cross objection stands dismissed

ITA 4276/DEL/2019[2009-10]Status: DisposedITAT Delhi19 Jan 2022AY 2009-10

Bench: Shri R. K. Pandaa N D Shri N. K. Choudhry(Through Video Conferencing)

For Appellant: ShriSparshBhargav, AdvFor Respondent: Ms. SangeetaYadav, Sr.D.R
Section 143(3)Section 154Section 32(2)

…IN THE INCOME TAX APPELLATE TRIBUNAL [ DELHI BENCH “B”: NEW DELHI ] BEFORE SHRI R. K. PANDA, ACCOUNTANT MEMBER A N D SHRI N. K. CHOUDHRY, JUDICIAL MEMBER (Through Video Conferencing) ITA. No. 4276/Del/2019 (Assessment Year: 2009-10) ACIT, M/s. Frigoglass India Vs. Pvt. Ltd., E – 20, 1st & 2nd Floor, Circle : 9 (2), Main Market, HauzKhas, New Delhi. New Delhi –110 016. PAN: AAACF6804G A N D C. O. No. 141/Del/2019 [ inITA. No. 4276/Del/2019 ] (Assessment Year: 2009-10) M/s. Frigoglass India ACIT, Pvt. Ltd., Vs. E – 20, 1st & 2nd Floor, Circle : 9 (2), Main Market, HauzKhas, New Delhi –110 016. New Delhi. PAN: AAACF…

Deputy Commissioner of Income Tax, Circle-I, Kolkata v. India Jute & Industries Ltd. (65 Taxmann.com 238) — Cited in 14 Judgments | BharatTax