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4 results for “depreciation”+ Section 55Aclear

Sorted by relevance

Mumbai48Delhi14Kolkata9Pune8Bangalore4Chandigarh2Cochin1Chennai1Lucknow1

Key Topics

Section 142A6Section 143(3)4Section 694Disallowance4Section 113Section 143(1)3Addition to Income3Section 12A2Section 133A2Unexplained Investment

M/S. MANGALORE ROUND TABLE TRUST,MANGALORE vs. COMMISSIONER OF INCOME TAX (EXEMPTIONS), BANGALORE

In the result, the appeal is partly allowed

ITA 2472/BANG/2019[2019-20]Status: DisposedITAT Bangalore12 Feb 2020AY 2019-20

Bench: Shri N.V.Vasudevan & Shri A.K.Garodiaita No.286(Bang)/2019 (Assessment Year : 2007-08) M/S Shetty Constructions, Shetty Enclave, Aland Road, Kalaburagi-585 103 Panno.Aaffs1811G Appellant Vs The Asst. Commissioner Of Income Tax, Circle-(1), Kalaburagi Respondent Appellant By : Shri Sreehari Kutsa, Advocate Revenue By : Shri Manjeet Singh, Addl.Cit

For Appellant: Shri Sreehari Kutsa, AdvocateFor Respondent: Shri Manjeet Singh, Addl.CIT
Section 133ASection 142ASection 143(1)Section 143(3)Section 69

depreciation was also claimed on this asset. This fact was not disputed by the assessee. The Shah Bazar Site was not at all shown in the balance sheet. All the constructions under consideration, including the Fun Junction Multiplex which was classified as fixed asset in the balance sheet of the assessee, were built on this site only. There is nothing

2
Survey u/s 133A2

M/S SHETTY CONSTRUCTIONS ,KALABURAGI vs. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-(1), KALABURAGI

In the result, the appeal is partly allowed

ITA 286/BANG/2019[2007-08]Status: DisposedITAT Bangalore12 Feb 2020AY 2007-08

Bench: Shri N.V.Vasudevan & Shri A.K.Garodiaita No.286(Bang)/2019 (Assessment Year : 2007-08) M/S Shetty Constructions, Shetty Enclave, Aland Road, Kalaburagi-585 103 Panno.Aaffs1811G Appellant Vs The Asst. Commissioner Of Income Tax, Circle-(1), Kalaburagi Respondent Appellant By : Shri Sreehari Kutsa, Advocate Revenue By : Shri Manjeet Singh, Addl.Cit

For Appellant: Shri Sreehari Kutsa, AdvocateFor Respondent: Shri Manjeet Singh, Addl.CIT
Section 133ASection 142ASection 143(1)Section 143(3)Section 69

depreciation was also claimed on this asset. This fact was not disputed by the assessee. The Shah Bazar Site was not at all shown in the balance sheet. All the constructions under consideration, including the Fun Junction Multiplex which was classified as fixed asset in the balance sheet of the assessee, were built on this site only. There is nothing

OAKNET HEALTHCARE PVT LTD ,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-5(1)(2), BANGALORE

In the result, the appeal of the assessee stands allowed for statistical purposes

ITA 2097/BANG/2017[2013-14]Status: DisposedITAT Bangalore19 Jan 2018AY 2013-14

Bench: Shri Sunil Kumar Yadav & Shri Inturi Rama Rao

For Appellant: Shri A. Shankar, AdvocateFor Respondent: Shri Sanjay Kumar, CIT(DR)(ITAT), Bengaluru
Section 143(3)

depreciation on several of the intangible assets and thus the non granting of the same for the impugned assessment year is thus perverse and contrary to law on the facts and circumstance of the case. 13. Without prejudice, the learned Assessing Officer ought to have referred the matter to the valuation officer under section 55A

A.SHAMA RAO FOUNDATION ,MANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTIONS) CIRCLE-1 , MANGALORE

In the result, the appeals of the assessee are treated as partly allowed and the appeals of the revenue are dismissed

ITA 1165/BANG/2018[2013-14]Status: DisposedITAT Bangalore23 Jan 2020AY 2013-14

Bench: Shri N.V Vasudevan, Vice Presidnet & Shri B.R Baskaran

For Appellant: Shri Balram R Rao, AdvocateFor Respondent: Shri Pradeep Kumar, CIT (DR)
Section 10Section 11Section 12ASection 143(1)Section 143(3)

55A. For this purpose, the Ld CIT(A) relied upon the decision rendered by the co-ordinate bench in the case of Al- Ameen Educational Society (ITA No.575 (B)/2011). 7. The first issue relates to the claim of repayment of loan as application of income. The Ld D.R submitted that the assessee had already claimed the ‘cost of capital