Search: depreciation

4 results for “depreciation”+ Section 35Eclear

Sorted by relevance

Mumbai17 Ranchi13 Jaipur11 Chennai10 Bangalore9 Kolkata5 Delhi4 Ahmedabad4 SC1 Cochin1 Hyderabad1

Key Topics

Section 35E20 Section 271(1)(c)8 Section 104 Section 374 Section 324 Deduction4 Depreciation4 Penalty4

GUJARAT POWER CORPORATION LIMITED-GPCL,,AHMEDABAD vs. THE ACIT, GANDHINAGAR CIRCLE, GANDHINAGAR

In the result, appeals filed by the Assessee are hereby allowed

ITA 1862/AHD/2019[2005-06]Status: DisposedITAT Ahmedabad28 Sept 2022AY 2005-06

For Appellant: Shri S.N. Soparkar, Sr. Adv. &For Respondent: Shri Vidhyut Trivedi, Sr.D.R

Section 10Section 271(1)(c)Section 32Section 35ESection 37

section. The assessee’s alternative claim is that if the 1/10th deduction u/s. 35E Rs. 35,37,800/- is not allowed then the entire expenditure of Rs. 7,78,31,600/- is allowable u/s. 37 of the Act. The above contention was not accepted by the Assessing Officer and the same is added as the income of the assessee