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12 results for “depreciation”+ Section 32Aclear

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Key Topics

Section 10B15Depreciation11Disallowance9Addition to Income9Section 115J7Deduction6Section 143(3)5Section 250(4)4Section 80I3Exemption

ASCENT FINECHEM PVT. LTD.,,AHMEDABAD vs. THE ACIT., CIRCLE-1, AHMEDABAD

In the result the appeal of the assessee is partly allowed

ITA 439/AHD/2018[2009-10]Status: DisposedITAT Ahmedabad30 Jul 2019AY 2009-10

Bench: Shri Waseem Ahmed & Ms. Madhumita Roysl. Ita No(S) Asset. Appeal(S) By No Year(S) Appellant Vs. Respondent (S) Appellant Respondent 1-2 438-439/Ahd/2018 2008-09 Ascent Finechem Pvt. A.C.I.T, Circle- & Ltd., 1(1)(2), 2009-10 11, Ground Floor, Ahmedabad. Suryarath, B/H. Whilte House, Panchawati, Ahmedabad-380015. Pan No.Aabca6349Q

For Appellant: Shri P.F. Jain, A.RFor Respondent: Shri S.K. Dev, Dr. D.R
Section 10B

section 32A. Following the decisions in the cases of CIT v. Warner Hindustan Ltd. [1979] 117 ITR 15 (AP) and CIT v. Hindusthan Motors Ltd. [1988] 170 ITR 431/39 Taxman 54 (Cal.) , it is well settled that an object or a thing which is beneficia1 to the carrying on the business of the assessee to earn the taxable income could

ASCENT FINECHEM PVT. LTD.,,AHMEDABAD vs. THE ACIT., CIRCLE-1(1)(2),, AHMEDABAD

In the result the appeal of the assessee is partly allowed

3
Section 2502
Short Term Capital Gains2
ITA 438/AHD/2018[2008-09]Status: DisposedITAT Ahmedabad30 Jul 2019AY 2008-09

Bench: Shri Waseem Ahmed & Ms. Madhumita Roysl. Ita No(S) Asset. Appeal(S) By No Year(S) Appellant Vs. Respondent (S) Appellant Respondent 1-2 438-439/Ahd/2018 2008-09 Ascent Finechem Pvt. A.C.I.T, Circle- & Ltd., 1(1)(2), 2009-10 11, Ground Floor, Ahmedabad. Suryarath, B/H. Whilte House, Panchawati, Ahmedabad-380015. Pan No.Aabca6349Q

For Appellant: Shri P.F. Jain, A.RFor Respondent: Shri S.K. Dev, Dr. D.R
Section 10B

section 32A. Following the decisions in the cases of CIT v. Warner Hindustan Ltd. [1979] 117 ITR 15 (AP) and CIT v. Hindusthan Motors Ltd. [1988] 170 ITR 431/39 Taxman 54 (Cal.) , it is well settled that an object or a thing which is beneficia1 to the carrying on the business of the assessee to earn the taxable income could

ASCENT FINECHEM PVT. LTD.,,AHMEDABAD vs. THE DCIT., CIRCLE-1(1)(1),, AHMEDABAD

In the result the appeal of the assessee is partly allowed

ITA 440/AHD/2018[2014-15]Status: DisposedITAT Ahmedabad30 Jul 2019AY 2014-15

Bench: Shri Waseem Ahmed & Ms. Madhumita Roysl. Ita No(S) Asset. Appeal(S) By No Year(S) Appellant Vs. Respondent (S) Appellant Respondent 1-2 438-439/Ahd/2018 2008-09 Ascent Finechem Pvt. A.C.I.T, Circle- & Ltd., 1(1)(2), 2009-10 11, Ground Floor, Ahmedabad. Suryarath, B/H. Whilte House, Panchawati, Ahmedabad-380015. Pan No.Aabca6349Q

For Appellant: Shri P.F. Jain, A.RFor Respondent: Shri S.K. Dev, Dr. D.R
Section 10B

section 32A. Following the decisions in the cases of CIT v. Warner Hindustan Ltd. [1979] 117 ITR 15 (AP) and CIT v. Hindusthan Motors Ltd. [1988] 170 ITR 431/39 Taxman 54 (Cal.) , it is well settled that an object or a thing which is beneficia1 to the carrying on the business of the assessee to earn the taxable income could

THE DCIT, CIRCLE-4(1)(2),, AHMEDABAD vs. M/S. VODAFONE SHARED SERVICES LTD., (FORMERLY KNOWN AS VODAFONE ESSAR SHARED SERVICES LTD.),, AHMEDABAD

In the result, Revenue’s appeal in ITA No

ITA 124/AHD/2017[2012-13]Status: DisposedITAT Ahmedabad28 May 2019AY 2012-13

Bench: Shri Pradip Kumar Kedia & Shri Mahavir Prasadsl.

For Appellant: Shri S.N. Soparkar, Sr.Adv. with Shri Bandish SoparkarFor Respondent: Shri O.P. Vaishnav, CIT-DR

Sections 32, 32A, 33 and 41 which deal with concepts like Depreciation. The concept of Depreciation is not there in Section

THE JT. CIT, RANGE-8, AHMEDABAD vs. VODAFONE SHARED SERVICES LTD., (FORMERLY KNOWN AS VODAFONE ESSAR SHARED SERVICES LTD.), AHMEDABAD

In the result, Revenue’s appeal in ITA No

ITA 162/AHD/2016[2010-11]Status: DisposedITAT Ahmedabad28 May 2019AY 2010-11

Bench: Shri Pradip Kumar Kedia & Shri Mahavir Prasadsl.

For Appellant: Shri S.N. Soparkar, Sr.Adv. with Shri Bandish SoparkarFor Respondent: Shri O.P. Vaishnav, CIT-DR

Sections 32, 32A, 33 and 41 which deal with concepts like Depreciation. The concept of Depreciation is not there in Section

THE DCIT, CIRCLE-4(1)(2),, AHMEDABAD vs. M/S. VODAFONE SHARED SERVICES LTD., (FORMERLY KNOWN AS VODAFONE ESSAR SHARED SERVICES LTD.),, AHMEDABAD

In the result, Revenue’s appeal in ITA No

ITA 1468/AHD/2016[2011-12]Status: DisposedITAT Ahmedabad28 May 2019AY 2011-12

Bench: Shri Pradip Kumar Kedia & Shri Mahavir Prasadsl.

For Appellant: Shri S.N. Soparkar, Sr.Adv. with Shri Bandish SoparkarFor Respondent: Shri O.P. Vaishnav, CIT-DR

Sections 32, 32A, 33 and 41 which deal with concepts like Depreciation. The concept of Depreciation is not there in Section

VODAFONE BUSINESS SERVICES LIMITED ( FORMERLY KNOWN AS VODAFONE SHARED SERVICES LIMITED),,AHMEDABAD vs. THE DY. CIT, CIRCLE-4(1)(2), AHMEDABAD

In the result, Revenue’s appeal in ITA No

ITA 1923/AHD/2016[2011-12]Status: DisposedITAT Ahmedabad28 May 2019AY 2011-12

Bench: Shri Pradip Kumar Kedia & Shri Mahavir Prasadsl.

For Appellant: Shri S.N. Soparkar, Sr.Adv. with Shri Bandish SoparkarFor Respondent: Shri O.P. Vaishnav, CIT-DR

Sections 32, 32A, 33 and 41 which deal with concepts like Depreciation. The concept of Depreciation is not there in Section

GUJARAT STATE ELECTRICITY CORPN. LTD.,VADODARA vs. THE DY.CIT, CIRCLE-1(1)(1), VADODARA

In the result, the appeal of the assessee is partly allowed for statistical purposes, while the appeal of the Revenue is dismissed

ITA 1596/AHD/2024[2006-07]Status: DisposedITAT Ahmedabad18 Dec 2025AY 2006-07

Bench: Dr Brr Kumarshri Siddhartha Nautiyalआयकर अपील सं /Ita No. 1596/Ahd/2024 िनधा"रण वष" /Assessment Year : 2006-07

For Appellant: Shri M.J. Shah, Advocate and Shri Jimi Patel, ARsFor Respondent: Shri Sher Singh, CIT-DR
Section 115JSection 143(3)Section 250Section 250(4)

32A or clause (ii) of sub-section (1) of section 72 or section 73 or section 74 or sub-section (3) of section 74A. (4) Every company to which this section applies, shall furnish a report in the prescribed form from an accountant as defined in the Explanation below sub- section (2) of section 288, certifying that the book profit

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 1(1)(1), VADODARA, VADODARA vs. GUJARAT STATE ELECTRICITY CORPORATION LIMITED, VADODARA

In the result, the appeal of the assessee is partly allowed for statistical purposes, while the appeal of the Revenue is dismissed

ITA 1653/AHD/2024[2006-07]Status: DisposedITAT Ahmedabad18 Dec 2025AY 2006-07

Bench: Dr Brr Kumarshri Siddhartha Nautiyalआयकर अपील सं /Ita No. 1596/Ahd/2024 िनधा"रण वष" /Assessment Year : 2006-07

For Appellant: Shri M.J. Shah, Advocate and Shri Jimi Patel, ARsFor Respondent: Shri Sher Singh, CIT-DR
Section 115JSection 143(3)Section 250Section 250(4)

32A or clause (ii) of sub-section (1) of section 72 or section 73 or section 74 or sub-section (3) of section 74A. (4) Every company to which this section applies, shall furnish a report in the prescribed form from an accountant as defined in the Explanation below sub- section (2) of section 288, certifying that the book profit

ASIAN OILFIELD SERVICE LTD.,,BARODA vs. THE DY.CIT.,CIRCLE-1(1),, BARODA

In the result, appeal of the assessee for the A

ITA 144/AHD/2013[2009-10]Status: DisposedITAT Ahmedabad17 Feb 2021AY 2009-10

Bench: Shri C.N. Prasad, Hon'Ble & Shri N.K. Pradhan, Hon'Ble&

For Appellant: Shri Dharmesh ShahFor Respondent: Shri Brajendra Kumar
Section 143(3)

depreciation u/s 32(1)(iia) is available to an assessee engaged in the business of manufacture or production of any article or thing. The case laws relied upon by the assessee are in the context of 32A, 80IA or 44AB. In the decision of Hon'ble Delhi High Court in the case of CIT v. HLS India

ASIAN OILFIELD SERVICES LTD.,,BARODA vs. THE DY.CIT.,CIRCLE-1(1),, BARODA

In the result, appeal of the assessee for the A

ITA 1266/AHD/2012[2008-09]Status: DisposedITAT Ahmedabad17 Feb 2021AY 2008-09

Bench: Shri C.N. Prasad, Hon'Ble & Shri N.K. Pradhan, Hon'Ble&

For Appellant: Shri Dharmesh ShahFor Respondent: Shri Brajendra Kumar
Section 143(3)

depreciation u/s 32(1)(iia) is available to an assessee engaged in the business of manufacture or production of any article or thing. The case laws relied upon by the assessee are in the context of 32A, 80IA or 44AB. In the decision of Hon'ble Delhi High Court in the case of CIT v. HLS India

GUJARAT ALKALIES AND CHEMICALS LTD.,,BARODA vs. THE DY.CIT, CIRCLE-1(1),, BARODA

In the result appeal of the Revenue is dismissed

ITA 688/AHD/2015[2011-12]Status: DisposedITAT Ahmedabad25 Feb 2019AY 2011-12

Bench: Shri Waseem Ahmed & Ms Madhumita Royआयकर अपील सं./Ita No.688/Ahd/2015 "नधा"रण वष"/Asstt. Year: 2011-2012 Gujarat Alkalies & Chemicals Ltd., D.C.I.T., Near Ipcl Complex, Circle-1(1), Vs. Baroda-390007. P.O Petrochemicals, At Ranoli, Dist. Baroda-391346. Pan: Aaacg8896M आयकर अपील सं./Ita No.937/Ahd/2015 "नधा"रण वष"/Asstt. Year: 2011-2012 D.C.I.T, Gujarat Alkalies & Chemicals Ltd., Circle-1(1), Near Ipcl Complex, Vs. Baroda-390007. P.O Petrochemicals, At Ranoli, Dist. Baroda-391346. Pan: Aaacg8896M

Section 115JSection 143(3)Section 14ASection 234BSection 80I

depreciation under Section 32A of the Act. It was, however, a case where the computers were installed in the office