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2 results for “depreciation”+ Section 45Qclear

Sorted by relevance

Delhi12Hyderabad5Kolkata4Mumbai3Ahmedabad2Amritsar2Chennai2Lucknow1Nagpur1SC1

Key Topics

Section 404Section 43D3Section 45Q2Section 143(3)2Deduction2Disallowance2Addition to Income2

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1, JALANDHAR vs. M/S THE CITIZEN URBAN CO- OPERATIVE BANK LIMITED, JALANDHAR

In the result, the appeal is allowed

ITA 62/ASR/2023[2017-18]Status: DisposedITAT Amritsar15 Jun 2023AY 2017-18

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

Section 145Section 45Q

section 45Q of the RBI Act shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force, or any instrument having effect by virtue of any such law. The position is, therefore, absolutely clear. Then, in “M/s Vasisth Chay Vyapar Ltd.”, vide order dated 29.11.2010, issued

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-IV,, PATHANKOT vs. THE GURDASPUR CENTRAL CO. OPBANK LTD, GURDASPUR

In the result, the ground no

ITA 542/ASR/2017[2013-14]Status: DisposedITAT Amritsar
31 Jan 2023
AY 2013-14

Bench: Dr. M. L. Meenaandsh. Anikesh Banerjee

Section 143(3)Section 250(6)Section 40Section 43D

depreciation of the capital expenditure should be allowed to the assessee in applicable rate. In relation to payment of the two Co- owners amount Rs.3,78,750/- the said addition is also deleted as each Co-owner is Rs. @ 12,500/- which is below the quantum of TDS. The violation of section 40(a)(ia) will not be accepted. Considering