TRIVENI GLASS LIMITED,ALLAHABAD vs. INCOME TAX OFFICER WARD 2(3), ALLAHABAD

In the result, the appeal filed by assessee in ITA no

Bench: Shri.Vijay Pal Rao& Shri Ramit Kochar

Section 72(2), the unabsorbed depreciation of the current previous year shall be added to the depreciation allowable u/s 32(1) of the succeeding previous year and deemed to be part of the succeeding previous year to be set off against business income of the succeeding previous year and so on. There is no provision of the 1961 statute which

ZILA SAHKARI BANK LTD.,MIRZAPUR vs. ASSTT. COMMISIONER OF INCOME TAX, MIRZAPUR

In the result, appeal filed by the assessee in ITA no

Bench: Shrivijay Pal Rao & Shri Ramit Kochar

25, 2014. Sofar as second issue is concerned regarding disallowance of depreciation , the Ld. Counsel for the assessee submitted that there were some purchases made after 30thSeptember on which full deduction was claimed and the AO rightly restricted deduction claim of depreciation to 50% of the relevant rate of depreciation allowed. The ld. Counsel for the assessee submitted that invoices

ZILA SAHKARI BANK LTD,,MIRZAPUR vs. JT. C.I.T.,, MIRZAPUR

In the result, appeal filed by the assessee in ITA no

Bench: Shrivijay Pal Rao & Shri Ramit Kochar

25, 2014. Sofar as second issue is concerned regarding disallowance of depreciation , the Ld. Counsel for the assessee submitted that there were some purchases made after 30thSeptember on which full deduction was claimed and the AO rightly restricted deduction claim of depreciation to 50% of the relevant rate of depreciation allowed. The ld. Counsel for the assessee submitted that invoices

RAJESH KUMAR JAISWAL,,ALLAHABAD vs. DEPUTY/ACIT(CENTRAL), ALLAHABAD

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

Bench: the query raised by the assessing authority vide questionnaire issued under section 142 (1) dated 23.01.2021, in assessment proceedings for the AY 2018-19.

depreciation of the said property in accordance with the provisions of the act. 9. Because the learned AO as well as CIT(A) were not legally justified in taxing a sum of Rs. 3,96,606.00, amount of unsecured loan and sundry creditors which were under normal course of business, under the provisions of section

ACIT CIRCLE-2, ALLAHABAD vs. M/S SHERWANI SUGAR SYNDICATE LTD., ALLAHABAD

In the result, appeal filed by the Revenue in ITA No

Bench: Shrivijay Pal Rao & Shri Ramit Kocharassessment Year: 1997-98 The Assistant Commissioner Of V. M/S Shervani Sugar Syndicate Income-Tax, Circle-2, Ltd., Allahabad, U.P. 28, South Road , Allahabad,U.P. Pan/Gir: 19-653-Cv-3480 New Pan: Not Available (Appellant) (Respondent)

25 Assessment Year: 1997-98 Shervani Sugar Syndicate Limited Development fund is financial loans and hence interest liability which is not paid shall be hit by Section 43B of the 1961 Act , and the said facilities and interest on such facilities cannot override the provisions of the 1961 Act. Hence , the AO disallowed the interest liability to the tune

POOJA GROVER,ALLAHABAD vs. DCIT, CIR-2,, ALLAHABAD

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

Bench: Shri Subhash Malguria & Shri Nikhil Choudhary

depreciation. Aggrieved with the action of the I.T.A. No.140/Alld/2024 4 Assessing Officer, the assessee carried the matter in appeal before the learned CIT(A). During the course of appellate proceedings before the learned CIT(A), the assessee had submitted additional evidences for admission. The additional evidences submitted by the assessee during the appellate proceedings before the learned CIT(A) were

MEJA URJA NIGAM (P) LTD.,ALLAHABAD vs. INCOME TAX OFFICE WARD-2 (2), ALLAHABAD

In the result, both the appeals of the assessee for ay: 2015-16 and 2016-17

Bench: Shri.Vijay Pal Rao & Shri Ramit Kochar

25. The other case is a decision of the Bombay High Court in CIT v. Maharashtra Electrosmelt Ltd [1995] 214 ITR 489 . In that case, the assessee, before commercial production had started, had realised a sum of Rs. 3,14,356 as interest on short-term deposit. At the same time, the assessee had paid

VINOD KUMAR TANDON,ALLAHABAD vs. DCIT(CPC),, BEGALURU

In the result, appeal of the assessee is dismissed

depreciation). Each of these deductions, has its contours, depending upon the expressions used, and the conditions that are to be met. It is therefore necessary to bear in mind that specific enumeration of deductions, dependent upon fulfilment of particular conditions, would qualify as allowable deductions: failure by the assessee to comply with those conditions, would render the claim vulnerable

ACIT,, ALLAHABAD vs. M/S KESARWANI & CO., ALLAHABAD

In the result, appeal in ITA No

depreciation expenses, it was submitted there was no finding that the partners had utilized the telephones or the cars of the firm for their personal use and therefore, the disallowance of these expenditures were completely unjustified. It was, therefore, prayed that while the deletions made by the ld. CIT(A) were supported in the cross objection, the assessee

KESARWANI & CO.,ALLAHABAD vs. JT.CIT,, ALLAHABAD

In the result, appeal in ITA No

depreciation expenses, it was submitted there was no finding that the partners had utilized the telephones or the cars of the firm for their personal use and therefore, the disallowance of these expenditures were completely unjustified. It was, therefore, prayed that while the deletions made by the ld. CIT(A) were supported in the cross objection, the assessee

KESARWANI & C0.,ALLAHABAD vs. JT.CIT., ALLAHABAD

In the result the appeal of the assessee is partly allowed

depreciation had been claimed by the assessee on the WDV method. The ld. AO observed, that the details called for by him were not submitted, but on scrutiny of the various details, observed that M/s Kesarwani Zarda Bhandar had shown transportation of goods through Amritsar Transport Company by Truck No. U.P. 70 X 9761 – one of the trucks stated

KESARWANI & C0,,ALLAHABAD vs. JT CIT,, ALLAHABAD

In the result the appeal of the assessee is partly allowed

depreciation had been claimed by the assessee on the WDV method. The ld. AO observed, that the details called for by him were not submitted, but on scrutiny of the various details, observed that M/s Kesarwani Zarda Bhandar had shown transportation of goods through Amritsar Transport Company by Truck No. U.P. 70 X 9761 – one of the trucks stated

KESARWANI & CO.,ALLAHABAD vs. JT.CIT,, ALLAHABAD

In the result the appeal of the assessee is partly allowed

depreciation had been claimed by the assessee on the WDV method. The ld. AO observed, that the details called for by him were not submitted, but on scrutiny of the various details, observed that M/s Kesarwani Zarda Bhandar had shown transportation of goods through Amritsar Transport Company by Truck No. U.P. 70 X 9761 – one of the trucks stated