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116 results for “depreciation”+ Deductionclear

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Key Topics

Addition to Income82Section 143(3)80Disallowance58Deduction55Section 12A50Depreciation44Section 80I39Section 250(6)35Section 153A34Section 40

M/S. SATISH AGGARWAL & CO.,AMRITSAR. vs. ASSTT. COMMISSIONER OF INCOME-TAX, AMRITSAR.

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

ITA 176/ASR/2015[2010-11]Status: DisposedITAT Amritsar20 Mar 2019AY 2010-11

Bench: Sh. N. S. Saini & Sh. N. K. Choudhryita No. 176/Asr./2015 : Asstt. Year : 2010-11 M/S Satish Aggarwal & Co., Vs Asstt. Commissioner Of Income Civil Contractors, 12B, Nikka Tax, Circle-V, Singh Colony, Ram Tirath Road, Amritsar Amritsar (Appellant) (Respondent) Pan No. Aaqfs0788M Assessee By : Sh. Ashwani Kalia, Ca Revenue By : Sh. Yashender Garg, Dr Date Of Hearing :22.02.2019 Date Of Pronouncement : 22.03.2019 Order Per N. S. Saini: This Is An Appeal Filed By The Assessee Against The Order Of Cit(A)-Ii, Amritsar Dated 30.01.2015. 2. The Sole Issue Involved In This Appeal Is That The Commissioner Of Income Tax (Appeals) Erred In Estimating The Net Profit @ 10% Of The Turnover Which Is Excessive & Not Allowed Depreciation Of Rs.33,77,901/- From The Profit So Estimated.

For Appellant: Sh. Ashwani Kalia, CAFor Respondent: Sh. Yashender Garg, DR
Section 144Section 145(3)Section 40

deducting depreciation from the profit earned by the assessee or the rate was before the deduction of depreciation out of the estimated

Showing 1–20 of 116 · Page 1 of 6

31
Section 25025
Section 3625

D.C.I.T , CENTRAL CIRCLE - II , JALANDHAR vs. M/S MBD PRINTOGRAPHICS PVT LTD , JALANDHAR

In the result, the appeal of the department is dismissed

ITA 244/ASR/2017[2013-14]Status: DisposedITAT Amritsar17 Jan 2019AY 2013-14

Bench: Sh. N. K. Saini, Hon’Ble & Sh. Ravish Soodita No.244/Asr./2017 : Asstt. Year : 2013-14 Deputy Commissioner Of Vs M/S Mbd Printographics Pvt. Ltd., Income Tax, Central Circle-Ii, Mbd House, Railway Road, Jalandhar Jalandhar (Appellant) (Respondent) Pan No. Aaacm9208R Assessee By : Sh. Sudhir Sehgal, Adv. Revenue By : Smt. Parwinder Kaur, Cit Dr Date Of Hearing : 17.01.2019 Date Of Pronouncement : 17.01.2019 Order Per N. K. Saini: This Is An Appeal By The Department Against The Order Dated 17.02.2017 Of Ld. Cit(A)-I, Jalandhar. 2. Following Grounds Have Been Raised In This Appeal: “(I) Whether On The Facts & Circumstances Of The Case The Ld. Cit(A) Has Not Erred In Deleting Addition On Account Of Interest Free Loan Given To Sister Concerns When Assessee Has Not Justified “Business Expediency” & Failed To Provide Necessary Details Regarding Business Purpose Behind Investing Money In Sister Concerns. (Ii) Whether On The Facts & Circumstances Cit(A) Was Right In Allowing Depreciation Without Filing Revised Return By The Assessee Which Has Rightly Been Disallowed By The Ao.

For Appellant: Sh. Sudhir Sehgal, AdvFor Respondent: Smt. Parwinder Kaur, CIT DR

depreciation of the assessee by observing that the assessee had made the claim for deduction of depreciation without filing the revised

SH. JASBIR SINGH S/O TEK CHAND,,HOSHIARPUR vs. THE INCOME TAX OFFICER,, HOSHIARPUR

In the result, the assessee’s appeal is allowed on the aforesaid terms

ITA 600/ASR/2015[2007-08]Status: DisposedITAT Amritsar01 Jan 2019AY 2007-08

Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. No. 600/(Asr)/2015 Assessment Year: 2007-08

For Appellant: Sh. J. K. Passi (Adv.)For Respondent: Sh. Charan Dass (D.R.)
Section 143(3)Section 147

depreciation for the subsequent periods, would stand to be computed accordingly, i.e., deducting the depreciation actually allowed. We decide accordingly

ASSISTANT COMMISIONER OF INCOME TAX , CIRCLE-1, JAMMU vs. MESERS JAMMU & KASHMIR BANK LIMITED , SRINAGAR

In the result, the ground No

ITA 320/ASR/2018[2015-16]Status: DisposedITAT Amritsar26 Sept 2022AY 2015-16

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 143(3)Section 14A(3)Section 250(6)Section 36Section 40

deduction of TDS disallowance u/s 40(a)(ia) amount to Rs.5,52,429/-, claim of depreciation on wooden partition deducting

ASSISTANT COMMISSIONER OF INCOME -TAX , CIRCLE -1,, JAMMU vs. THE JAMMU & KASHMIR BANK LTD.,, SRINAGAR

In the result, the ground No

ITA 637/ASR/2017[2012-13]Status: DisposedITAT Amritsar26 Sept 2022AY 2012-13

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 143(3)Section 14A(3)Section 250(6)Section 36Section 40

deduction of TDS disallowance u/s 40(a)(ia) amount to Rs.5,52,429/-, claim of depreciation on wooden partition deducting

THE DY. COMMISSIONER INCOME-TAX, JAMMU vs. M/S. THE JAMMU & KASHMIR BANK LTD,, SRINAGAR

In the result, the ground No

ITA 296/ASR/2014[2005-06]Status: DisposedITAT Amritsar26 Sept 2022AY 2005-06

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 143(3)Section 14A(3)Section 250(6)Section 36Section 40

deduction of TDS disallowance u/s 40(a)(ia) amount to Rs.5,52,429/-, claim of depreciation on wooden partition deducting

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, JAMMU vs. MESERS JAMMU & KASHMIR BANK LIMITED , SRINAGAR

In the result, the ground No

ITA 319/ASR/2018[2014-15]Status: DisposedITAT Amritsar26 Sept 2022AY 2014-15

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 143(3)Section 14A(3)Section 250(6)Section 36Section 40

deduction of TDS disallowance u/s 40(a)(ia) amount to Rs.5,52,429/-, claim of depreciation on wooden partition deducting

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, JAMMU, SRINAGAR vs. MESERS JAMMU & KASHMIR BANK LIMITED , SRINAGAR

In the result, the ground No

ITA 790/ASR/2017[2013-14]Status: DisposedITAT Amritsar26 Sept 2022AY 2013-14

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 143(3)Section 14A(3)Section 250(6)Section 36Section 40

deduction of TDS disallowance u/s 40(a)(ia) amount to Rs.5,52,429/-, claim of depreciation on wooden partition deducting

THE DY. COMMISSIONER INCOME-TAX, JAMMU vs. M/S. THE JAMMU & KASHMIR BANK LTD,, SRINAGAR

In the result, the ground No

ITA 297/ASR/2014[2006-07]Status: DisposedITAT Amritsar26 Sept 2022AY 2006-07

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 143(3)Section 14A(3)Section 250(6)Section 36Section 40

deduction of TDS disallowance u/s 40(a)(ia) amount to Rs.5,52,429/-, claim of depreciation on wooden partition deducting

THE JAMMU AND KASHMIR BANK LIMITED,SRINAGAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, JAMMU

In the result, the ground No

ITA 330/ASR/2018[2015-16]Status: DisposedITAT Amritsar26 Sept 2022AY 2015-16

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 143(3)Section 14A(3)Section 250(6)Section 36Section 40

deduction of TDS disallowance u/s 40(a)(ia) amount to Rs.5,52,429/-, claim of depreciation on wooden partition deducting

THE ASSISTANT COMMISSIONER OF INCOME TAX,, PATHANKOT vs. M/S WALIA CONSTRUCTION CO.,, PATHANKOT

In the result, the appeal filed by the Revenue Department stands dismissed

ITA 499/ASR/2015[2010-11]Status: DisposedITAT Amritsar14 Feb 2019AY 2010-11

Bench: Sh. N.S.Saini & Sh. N.K.Choudhryita No.499(Asr)/2015 Assessment Year:2010-11

For Appellant: Sh. Ashwani Kalia (Ld. CA)For Respondent: Sh. Bhawani Shankar (Ld. DR)
Section 133ASection 143(1)Section 250(6)

deduction of Depreciation and salary/interest, against 9% applied by the assessing officer merely by holing that working result are better

SHRI FAROOQ AHMAD AHANGAR,SRINAGAR vs. INCOME TAX OFFICER,WARD-3(1), SRINAGAR

In the result, both the appeals are allowed

ITA 606/ASR/2018[2009-10]Status: DisposedITAT Amritsar26 Sept 2022AY 2009-10

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

For Appellant: None (Written submission)For Respondent: Ms. Amanpreet Kaur, Sr. DR
Section 68

deduction such as depreciation and interest paid. Thus, ground no. 1 is partly allowed. 12. The ground no. 2 to 4 are general

SHRI FAROOQ AHMAD AHANGAR,SRINAGAR vs. INCOME TAX OFICER, WARD-3(1, SRINAGAR

In the result, both the appeals are allowed

ITA 607/ASR/2018[2010-11]Status: DisposedITAT Amritsar26 Sept 2022AY 2010-11

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

For Appellant: None (Written submission)For Respondent: Ms. Amanpreet Kaur, Sr. DR
Section 68

deduction such as depreciation and interest paid. Thus, ground no. 1 is partly allowed. 12. The ground no. 2 to 4 are general

ATC LOGISTICAL SOLUTIONS PRIVATE LIMITED ,DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, AMRITSAR

In the result, appeal of the assessee ITA No

ITA 241/ASR/2023[2017-18]Status: DisposedITAT Amritsar31 Oct 2023AY 2017-18

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 115JSection 139Section 143(1)Section 143(3)Section 154Section 250Section 36(1)(va)Section 37(1)Section 40ASection 40A(7)

deductions, such as sections 32-37, on the other hand, deal primarily with business, commercial or professional expenditure, under various heads (including depreciation

M/S. RAMCO ENGG WORKS ,JALANDHAR vs. INCOME TAX OFFICER WARD- 1 (1), JALANDHAR

In the result, ITA No. 261/Asr/2022 is dismissed and ITA No

ITA 253/ASR/2022[2019-20]Status: DisposedITAT Amritsar10 Apr 2023AY 2019-20

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 139(1)Section 143Section 143(1)Section 154Section 250oSection 36Section 36(1)(va)Section 43B

deductions, such as sections 32-37, on the other hand, deal primarily with business, commercial or professional expenditure, under various heads (including depreciation

SHRI SACHIN KAPUR,JALANDHAR vs. INCOME TAX OFFICER WARD 3 (2), JALANDHAR

In the result, ITA No. 261/Asr/2022 is dismissed and ITA No

ITA 261/ASR/2022[2018-19]Status: DisposedITAT Amritsar10 Apr 2023AY 2018-19

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 139(1)Section 143Section 143(1)Section 154Section 250oSection 36Section 36(1)(va)Section 43B

deductions, such as sections 32-37, on the other hand, deal primarily with business, commercial or professional expenditure, under various heads (including depreciation

M/S BELTEX RUBBER INDIA,JALANDHAR vs. INCOME TAX OFFICER WARD- 1 (1), JALANDHAR

In the result, the appeal of the assessee bearing ITA 192/Asr/2022 is dismissed

ITA 9/ASR/2023[2019-20]Status: DisposedITAT Amritsar17 Mar 2023AY 2019-20

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 143(1)Section 250o

deductions, such as sections 32-37, on the other hand, deal primarily with business, commercial or professional expenditure, under various heads (including depreciation

M/S BELTEX RUBBER INDIA,JALANDHAR vs. INCOME TAX OFFICER WARD - 1 (1) , JALANDHAR

In the result, the appeal of the assessee bearing ITA 192/Asr/2022 is dismissed

ITA 8/ASR/2023[2018-19]Status: DisposedITAT Amritsar17 Mar 2023AY 2018-19

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 143(1)Section 250o

deductions, such as sections 32-37, on the other hand, deal primarily with business, commercial or professional expenditure, under various heads (including depreciation

NAVODIA TIMES PRIVATE LIMITED ,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, JALANDHAR

In the result, the appeal of the assessee bearing ITA 192/Asr/2022 is

ITA 192/ASR/2022[2018-19]Status: DisposedITAT Amritsar31 Jan 2023AY 2018-19

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 139(1)Section 143Section 143(1)Section 234CSection 250oSection 36

deductions, such as sections 32-37, on the other hand, deal primarily with business, commercial or professional expenditure, under various heads (including depreciation

ROYAL FURNISHER ,JAMMU vs. ASSESING OFFICER WARD- 2 (2), JAMMU

In the result appeal of the assessee bearing ITA No

ITA 54/ASR/2022[2018-19]Status: DisposedITAT Amritsar20 Dec 2022AY 2018-19

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 139(1)Section 143(1)Section 2(24)(x)Section 250oSection 36Section 36(1)(va)Section 43B

deductions, such as sections 32-37, on the other hand, deal primarily with business, commercial or professional expenditure, under various heads (including depreciation