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12 results for “depreciation”+ Section 69Dclear

Sorted by relevance

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Key Topics

Section 1126Section 153A21Section 115B14Section 13214Section 6812Exemption11Addition to Income11Section 1549Section 12A7Section 143(1)

M/S. KHODAY INDIA LIMITED,BANGALORE vs. INCOME TAX OFFICER, WARD- 4(1)(2), BANGALORE

In the result appeal filed by assessee stands allowed

ITA 97/BANG/2022[2015-16]Status: DisposedITAT Bangalore30 Jun 2022AY 2015-16

Bench: Smt. Beena Pillai & Shri. Laxmi Prasad Sahuassessment Year : 2015-16 M/S. Khoday India Ltd., The Income-Tax 7Th Mile, Brewery House, Officer, Kanakapura Road, Ward 4 (1)(2), Bangalore – 560 062. Bangalore. Pan: Aaack6734C Vs. Appellant Respondent Assessee By : Shri V. Sridhar, Ca : Shri Ramesh B.R., Addl. Cit Revenue By (Dr) Date Of Hearing : 09-06-2022 Date Of Pronouncement : 30-06-2022 Order Per Beena Pillaipresent Appeal Is Filed By The Assessee Against Order Dated 09/12/2021 Passed By The Ld.Cit(A)-11, Bangalore For Assessment Year 2015-16 On Following Grounds Of Appeal: “1. The Order Of The Learned Commissioner Of Income-Tax (Appeals), Bengaluru-11, Bengaluru In Ita No.Cit(A)- 11/Bng/Tr.10036/2018-19 (Din: Itba /Apl /M/ 250 /2021-22/ 1037634908(1) Dated:09.12.2021 Is Opposed To Law, Weight Of Evidence, Probabilities & Facts & Circumstances Of The Case. 2. The Learned Commissioner Of Income-Tax (Appeals) Erred In Confirming The Order Of The Assessing Officer Passed U/S.154 Of The Income Tax Act, 1961 Dated:14.02.2018. 3. The Learned Commissioner Of Income-Tax (Appeals) Erred In Not Directing The Assessing Officer To Set Off The Entire

For Appellant: Shri V. Sridhar, CA
Section 115BSection 154Section 68Section 71
7
Reassessment7
Disallowance7

69D." Page 10 of 11 The intention of the legislature in introducing the amendment, as stated in the explanatory note, is to avoid unnecessary litigation and to expressly provide that no set off of any loss shall be allowable in respect of income under section 68. Therefore, it has to be held that, as on the relevant date

M/S. SRI DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), BANGALORE

In the result, the appeals of the assessee are partly allowed

ITA 810/BANG/2022[2018-19]Status: DisposedITAT Bangalore13 Mar 2023AY 2018-19

Bench: Shri N.V. Vasudevan & Shri Chandra Poojariita Nos.809 To 812/Bang/2022 Assessment Year: 2017-18 To 2020-21

For Appellant: Shri Sandeep Chalapathy, A.RFor Respondent: Ms. Neera Malhotra, D.R
Section 11Section 115BSection 143(3)Section 154Section 68

69D of the Act have not been invoked in the assessment order and also erred in law and ITA Nos.809 to 812/Bang/2022 M/s. Sri Devaraj Urs Educational Trust, Kolar Page 2 of 11 facts in holding that section 154 of the Act is not applicable. In addition to this, assessee is challenging the non-granting of depreciation

M/S. SRI DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), BANGALORE

In the result, the appeals of the assessee are partly allowed

ITA 811/BANG/2022[2019-20]Status: DisposedITAT Bangalore13 Mar 2023AY 2019-20

Bench: Shri N.V. Vasudevan & Shri Chandra Poojariita Nos.809 To 812/Bang/2022 Assessment Year: 2017-18 To 2020-21

For Appellant: Shri Sandeep Chalapathy, A.RFor Respondent: Ms. Neera Malhotra, D.R
Section 11Section 115BSection 143(3)Section 154Section 68

69D of the Act have not been invoked in the assessment order and also erred in law and ITA Nos.809 to 812/Bang/2022 M/s. Sri Devaraj Urs Educational Trust, Kolar Page 2 of 11 facts in holding that section 154 of the Act is not applicable. In addition to this, assessee is challenging the non-granting of depreciation

M/S. SRI DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), BANGALORE

In the result, the appeals of the assessee are partly allowed

ITA 812/BANG/2022[2020-21]Status: DisposedITAT Bangalore13 Mar 2023AY 2020-21

Bench: Shri N.V. Vasudevan & Shri Chandra Poojariita Nos.809 To 812/Bang/2022 Assessment Year: 2017-18 To 2020-21

For Appellant: Shri Sandeep Chalapathy, A.RFor Respondent: Ms. Neera Malhotra, D.R
Section 11Section 115BSection 143(3)Section 154Section 68

69D of the Act have not been invoked in the assessment order and also erred in law and ITA Nos.809 to 812/Bang/2022 M/s. Sri Devaraj Urs Educational Trust, Kolar Page 2 of 11 facts in holding that section 154 of the Act is not applicable. In addition to this, assessee is challenging the non-granting of depreciation

M/S. SRI DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), BANGALORE

In the result, the appeals of the assessee are partly allowed

ITA 809/BANG/2022[2017-18]Status: DisposedITAT Bangalore13 Mar 2023AY 2017-18

Bench: Shri N.V. Vasudevan & Shri Chandra Poojariita Nos.809 To 812/Bang/2022 Assessment Year: 2017-18 To 2020-21

For Appellant: Shri Sandeep Chalapathy, A.RFor Respondent: Ms. Neera Malhotra, D.R
Section 11Section 115BSection 143(3)Section 154Section 68

69D of the Act have not been invoked in the assessment order and also erred in law and ITA Nos.809 to 812/Bang/2022 M/s. Sri Devaraj Urs Educational Trust, Kolar Page 2 of 11 facts in holding that section 154 of the Act is not applicable. In addition to this, assessee is challenging the non-granting of depreciation

M/S. SRI DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

ITA 505/BANG/2020[2015-16]Status: DisposedITAT Bangalore16 Aug 2021AY 2015-16

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri S. Ramasubramaniam, CAFor Respondent: Shri Muzaffar Hussain, CIT(DR)(ITAT), Bengaluru
Section 11Section 11(1)(a)Section 12ASection 132Section 143(1)Section 153ASection 37

Depreciation was also denied on the same reasoning as held u/s. 11(1)(a). iii. Expenditure in the nature of Capital Expenditure – Rs.8,21,61,215. ITA Nos.500 TO 506/Bang/2020 Page 9 of 183 iv. Disallowance of donations u/s 37 – Rs.63,25,000. v. Undisclosed cash receipts – Rs.87,72,00,000 : In this year also, as held in the previous

M/S. SRI DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

ITA 506/BANG/2020[2016-17]Status: DisposedITAT Bangalore16 Aug 2021AY 2016-17

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri S. Ramasubramaniam, CAFor Respondent: Shri Muzaffar Hussain, CIT(DR)(ITAT), Bengaluru
Section 11Section 11(1)(a)Section 12ASection 132Section 143(1)Section 153ASection 37

Depreciation was also denied on the same reasoning as held u/s. 11(1)(a). iii. Expenditure in the nature of Capital Expenditure – Rs.8,21,61,215. ITA Nos.500 TO 506/Bang/2020 Page 9 of 183 iv. Disallowance of donations u/s 37 – Rs.63,25,000. v. Undisclosed cash receipts – Rs.87,72,00,000 : In this year also, as held in the previous

M/S. SRI DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

ITA 500/BANG/2020[2010-11]Status: DisposedITAT Bangalore16 Aug 2021AY 2010-11

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri S. Ramasubramaniam, CAFor Respondent: Shri Muzaffar Hussain, CIT(DR)(ITAT), Bengaluru
Section 11Section 11(1)(a)Section 12ASection 132Section 143(1)Section 153ASection 37

Depreciation was also denied on the same reasoning as held u/s. 11(1)(a). iii. Expenditure in the nature of Capital Expenditure – Rs.8,21,61,215. ITA Nos.500 TO 506/Bang/2020 Page 9 of 183 iv. Disallowance of donations u/s 37 – Rs.63,25,000. v. Undisclosed cash receipts – Rs.87,72,00,000 : In this year also, as held in the previous

M/S. SRI DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

ITA 501/BANG/2020[2011-12]Status: DisposedITAT Bangalore16 Aug 2021AY 2011-12

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri S. Ramasubramaniam, CAFor Respondent: Shri Muzaffar Hussain, CIT(DR)(ITAT), Bengaluru
Section 11Section 11(1)(a)Section 12ASection 132Section 143(1)Section 153ASection 37

Depreciation was also denied on the same reasoning as held u/s. 11(1)(a). iii. Expenditure in the nature of Capital Expenditure – Rs.8,21,61,215. ITA Nos.500 TO 506/Bang/2020 Page 9 of 183 iv. Disallowance of donations u/s 37 – Rs.63,25,000. v. Undisclosed cash receipts – Rs.87,72,00,000 : In this year also, as held in the previous

M/S. SRI DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

ITA 502/BANG/2020[2012-13]Status: DisposedITAT Bangalore16 Aug 2021AY 2012-13

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri S. Ramasubramaniam, CAFor Respondent: Shri Muzaffar Hussain, CIT(DR)(ITAT), Bengaluru
Section 11Section 11(1)(a)Section 12ASection 132Section 143(1)Section 153ASection 37

Depreciation was also denied on the same reasoning as held u/s. 11(1)(a). iii. Expenditure in the nature of Capital Expenditure – Rs.8,21,61,215. ITA Nos.500 TO 506/Bang/2020 Page 9 of 183 iv. Disallowance of donations u/s 37 – Rs.63,25,000. v. Undisclosed cash receipts – Rs.87,72,00,000 : In this year also, as held in the previous

M/S. SRI DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

ITA 503/BANG/2020[2013-14]Status: DisposedITAT Bangalore16 Aug 2021AY 2013-14

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri S. Ramasubramaniam, CAFor Respondent: Shri Muzaffar Hussain, CIT(DR)(ITAT), Bengaluru
Section 11Section 11(1)(a)Section 12ASection 132Section 143(1)Section 153ASection 37

Depreciation was also denied on the same reasoning as held u/s. 11(1)(a). iii. Expenditure in the nature of Capital Expenditure – Rs.8,21,61,215. ITA Nos.500 TO 506/Bang/2020 Page 9 of 183 iv. Disallowance of donations u/s 37 – Rs.63,25,000. v. Undisclosed cash receipts – Rs.87,72,00,000 : In this year also, as held in the previous

M/S. SRI DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

ITA 504/BANG/2020[2014-15]Status: DisposedITAT Bangalore16 Aug 2021AY 2014-15

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri S. Ramasubramaniam, CAFor Respondent: Shri Muzaffar Hussain, CIT(DR)(ITAT), Bengaluru
Section 11Section 11(1)(a)Section 12ASection 132Section 143(1)Section 153ASection 37

Depreciation was also denied on the same reasoning as held u/s. 11(1)(a). iii. Expenditure in the nature of Capital Expenditure – Rs.8,21,61,215. ITA Nos.500 TO 506/Bang/2020 Page 9 of 183 iv. Disallowance of donations u/s 37 – Rs.63,25,000. v. Undisclosed cash receipts – Rs.87,72,00,000 : In this year also, as held in the previous