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4 results for “depreciation”+ Section 8Oclear

Sorted by relevance

Mumbai5Bangalore4Hyderabad3Jaipur3Chennai3Delhi2Kolkata1Panaji1

Key Topics

Section 10A27Deduction4Addition to Income4Section 80I3Section 115J3Section 143(1)3Section 143(3)3TDS3Disallowance3

ACIT, BANGALORE vs. M/S KHIVRAJ MOTORS, BANGALORE

In the result, appeal of the Revenue is dismissed

ITA 894/BANG/2016[2012-13]Status: DisposedITAT Bangalore02 Jun 2017AY 2012-13

Bench: Shri. A. K. Garodia & Shri. Lalit Kumari.T.A Nos.894/Bang/2016 (Assessment Year : 2012-13) Asst. Commissioner Of Income-Tax, Circle -1(2)(1), Bengaluru .. Appellant V. M/S. Khivraj Motors, No.10/2, 4Th Floor, Kasturba Road, Bengaluru 560 001 .. Respondent Pan : Aaafk6627K Assessee By : Shri. H. N. Khincha, Ca Revenue By : Shri. M. K. Biju, Jcit Heard On : 01.06.2017 Pronounced On : 02.06.2017 O R D E R Per Lalit Kumar:

For Appellant: Shri. H. N. Khincha, CAFor Respondent: Shri. M. K. Biju, JCIT
Section 143(2)Section 80Section 801Section 801ASection 80I

depreciation and loss suffered in the eligible business, again the same cannot be set off against the profits derived from the eligible business if and when a claim for deduction is made. 9. The Madras High Court in the aforesaid Velayudhaswamy's case interpreting the very provision held, from. a reading of sub-section (1) Section 8o

M/S MCML SYSTEMS PRIVATE LIMITED ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-4(1)(2), BANGALORE

In the result, the assessee’s appeal for Assessment Year 2010-11 is allowed

ITA 453/BANG/2019[2009-10]Status: DisposedITAT Bangalore21 Aug 2019AY 2009-10

Bench: Shri N. V. Vasudevan & Shri Jason P Boaz

For Appellant: Shri. K. R. Vasudevan, AdvocateFor Respondent: Shri. C. H. Sundar Rao
Section 10ASection 115JSection 143(1)Section 143(3)

depreciation of the Non-STPI Units shall not be adjusted against the profits of the STPI Unit for the purposes of computation of the deduction under section 10A of the Act to be allowed to the assessee. We hold and direct accordingly. Consequently, ground Nos. 2 to 5 of the assessee’s appeal are allowed. 6. Ground No.6 : Deduction under

M/S MCML SYSTEMS PRIVATE LIMITED ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-4(1)(2), BANGALORE

In the result, the assessee’s appeal for Assessment Year 2010-11 is allowed

ITA 452/BANG/2019[2008-09]Status: DisposedITAT Bangalore21 Aug 2019AY 2008-09

Bench: Shri N. V. Vasudevan & Shri Jason P Boaz

For Appellant: Shri. K. R. Vasudevan, AdvocateFor Respondent: Shri. C. H. Sundar Rao
Section 10ASection 115JSection 143(1)Section 143(3)

depreciation of the Non-STPI Units shall not be adjusted against the profits of the STPI Unit for the purposes of computation of the deduction under section 10A of the Act to be allowed to the assessee. We hold and direct accordingly. Consequently, ground Nos. 2 to 5 of the assessee’s appeal are allowed. 6. Ground No.6 : Deduction under

M/S MCML SYSTEMS PRIVATE LIMITED ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-4(1)(2), BANGALORE

In the result, the assessee’s appeal for Assessment Year 2010-11 is allowed

ITA 454/BANG/2019[2010-11]Status: DisposedITAT Bangalore21 Aug 2019AY 2010-11

Bench: Shri N. V. Vasudevan & Shri Jason P Boaz

For Appellant: Shri. K. R. Vasudevan, AdvocateFor Respondent: Shri. C. H. Sundar Rao
Section 10ASection 115JSection 143(1)Section 143(3)

depreciation of the Non-STPI Units shall not be adjusted against the profits of the STPI Unit for the purposes of computation of the deduction under section 10A of the Act to be allowed to the assessee. We hold and direct accordingly. Consequently, ground Nos. 2 to 5 of the assessee’s appeal are allowed. 6. Ground No.6 : Deduction under