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5 results for “depreciation”+ Section 198clear

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Key Topics

Section 143(3)4Section 40A(3)4Section 2744Depreciation4Addition to Income4Section 271(1)(c)3Section 1483Section 1542Section 682Section 69A

SH. VARINDER KUMAR SOUL,JALANDHAR vs. INCOME TAX OFFICER, WARD - 3(2), JALANDHAR

ITA 451/ASR/2017[2012-13]Status: DisposedITAT Amritsar16 Jan 2018AY 2012-13

Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. No. 451(Asr)/2017 Assessment Year: 2012-13 Pan: Cvips 5218R

For Appellant: Sh. Ashray Sarna (C.A.)For Respondent: Sh. Ghulam Mustafa (D. R.)
Section 139Section 143(3)Section 147Section 148Section 148(2)

depreciation allowance or any other allowance, as the case may be, for the assessment year concerned (hereafter in this section and in sections 148 to 153 referred to as the relevant assessment year): Provided ………. Provided further……… Provided also that the Assessing Officer may assess or reassess such income other than the income involving matters which are the subject matters

2
Disallowance2

M/S ACTIVE TOOLS (P). LIMITED,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE -II, JALANDHAR

ITA 260/ASR/2019[2014-15]Status: DisposedITAT Amritsar16 Aug 2021AY 2014-15

Bench: : Shri Laliet Kumar & Dr. Mitha Lal Meena

Section 115Section 133ASection 142(1)Section 154Section 68Section 69Section 69ASection 69BSection 69CSection 69D

depreciation 8507221 27513457 8. The assessing Officer after considering replies filed by the assesse from time to time and test checking of books of accounts produced before the Assessing Officer, an assessment was framed at an Income of Rs. 99,68,100/- by making an addition of Rs. 1,00,000/- out of expenses debited to Profit and loss account

MEASAGE TAU AGRO SALES PRIVATE LIMITED,FARIDKOT vs. INCOME TAX OFFICER WARD-3(2), FEROZEPUR

In the result the ground no

ITA 324/ASR/2019[2014-15]Status: DisposedITAT Amritsar22 Sept 2022AY 2014-15

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

Section 143(3)Section 250Section 36Section 36(1)(iii)Section 40A(3)

depreciation on car which was used for director’s personal expenses. Aggrieved assesseefled an appeal before the ld. CIT(A) the ld. CIT(A) reduced the addition related to disallowance of expenses on estimated basis. In appeal the disallowances are reduced to 1/10th of total expenses. The assessee filed an appeal before the ld. CIT(A). The CIT(A) partly

MEASAGE.TAU AGRO SALES PRIVATE LIMITED,FARIDKOT vs. INCOME TAX OFFICER WARD-3(4), FARIDKOT

In the result the ground no

ITA 325/ASR/2019[2015-16]Status: DisposedITAT Amritsar22 Sept 2022AY 2015-16

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

Section 143(3)Section 250Section 36Section 36(1)(iii)Section 40A(3)

depreciation on car which was used for director’s personal expenses. Aggrieved assesseefled an appeal before the ld. CIT(A) the ld. CIT(A) reduced the addition related to disallowance of expenses on estimated basis. In appeal the disallowances are reduced to 1/10th of total expenses. The assessee filed an appeal before the ld. CIT(A). The CIT(A) partly

MESERS MALWA MOTORS,BATHINDA vs. INCOME TAX OFFICER, WARD-1(3), BATHINDA

In the result, the assessee’s appeal is allowed for statistical purposes

ITA 131/ASR/2018[2012-13]Status: DisposedITAT Amritsar27 Jun 2019AY 2012-13

Bench: Sh. Sanjay Arorai.T.A. No. 131/Asr/2018 Assessment Year: 2012-13

For Appellant: Sh. P. N. Arora (Adv.)For Respondent: Sh. Charan Dass (D.R.)
Section 143(3)Section 271(1)(c)Section 274

depreciation at Rs.5,52,861. The assessment was completed u/s.143(3) on 29/1/2015 at an income of Rs.3,25,343, making three separate adjustments/additions aggregating to Rs.3,22,718, as under: 2 ITA Nos. 131/Asr/2018 (AY 2012-13) Malwa Motors v. ITO Particular Amount (Rs.) Remark (a) Credits in respected of commission & 1,59,747 Tax deducted at source labor