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1,198 results for “depreciation”+ Set Off of Lossesclear

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Key Topics

Addition to Income64Section 143(3)62Disallowance45Depreciation38Deduction38Section 4030Section 14A27Section 14827Section 36(1)(vii)27Transfer Pricing

BANGALORE INTERNATIONAL AIRPORT LTD.,,BANGALORE vs. DCIT, BANGALORE

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

ITA 510/BANG/2014[2010-11]Status: DisposedITAT Bangalore27 Sept 2016AY 2010-11

Bench: Shri Vijay Pal Rao & Shri Inturi Rama Raobangalore International Airport Ltd. Administration Block, Bial, Devanahalli Bangalore-560 300. … Appellant Pan:Aabc8973D Vs. Deputy Commissioner Of Income-Tax, Circle 11(2), Bangalore. … Respondent & Deputy Commissioner Of Income-Tax, Circle 11(2), Bangalore. … Appellant Vs. Bangalore International Airport Ltd. Bangalore-560 300. … Respondent

For Appellant: Shri Sampath Raghunathan, AdvocateFor Respondent: Shri Sanjay Kumar, CIT(DR)
Section 115JSection 143(1)Section 143(3)Section 43B

set off of lower of unabsorbed depreciation or book loss whichever is less on the ground that computation of loss

Showing 1–20 of 1,198 · Page 1 of 60

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Section 115J22
Section 1121

DCIT, BANGALORE vs. M/S BANGALORE INTERNATIONAL AIRPORT LTD.,, BANGALORE

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

ITA 662/BANG/2014[2010-11]Status: DisposedITAT Bangalore21 Sept 2016AY 2010-11

Bench: Shri Vijay Pal Rao & Shri Inturi Rama Raobangalore International Airport Ltd. Administration Block, Bial, Devanahalli Bangalore-560 300. … Appellant Pan:Aabc8973D Vs. Deputy Commissioner Of Income-Tax, Circle 11(2), Bangalore. … Respondent & Deputy Commissioner Of Income-Tax, Circle 11(2), Bangalore. … Appellant Vs. Bangalore International Airport Ltd. Bangalore-560 300. … Respondent

For Appellant: Shri Sampath Raghunathan, AdvocateFor Respondent: Shri Sanjay Kumar, CIT(DR)
Section 115JSection 143(1)Section 143(3)Section 43B

set off of lower of unabsorbed depreciation or book loss whichever is less on the ground that computation of loss

M/S. MISTRAL SOFTWARE PRIVATE LIMITED,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 4(1)(2),, BENGALURU

In the result, the appeal in ITA No

ITA 1914/BANG/2018[2008-09]Status: DisposedITAT Bangalore09 Nov 2020AY 2008-09

Bench: Shri George George K, Jm & Shri B.R.Baskaran, Am

For Appellant: Sri.Padamchand Khincha, CAFor Respondent: Sri.Kannan Narayanan, JCIT-DR
Section 10ASection 143(3)Section 154

losses. 9 ITA Nos.1911-1914/Bang/2018 M/s.Mistral Solutions Pvt.Ltd. 9.5 Similarly, it is a settled principle that unabsorbed depreciation forms part of current year depreciation under section 32(2) and consequently unabsorbed depreciation should also be set

M/S. MISTRAL SOFTWARE PVT LTD,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-4(1)(2), BANGALORE

In the result, the appeal in ITA No

ITA 1911/BANG/2018[2005-06]Status: DisposedITAT Bangalore09 Nov 2020AY 2005-06

Bench: Shri George George K, Jm & Shri B.R.Baskaran, Am

For Appellant: Sri.Padamchand Khincha, CAFor Respondent: Sri.Kannan Narayanan, JCIT-DR
Section 10ASection 143(3)Section 154

losses. 9 ITA Nos.1911-1914/Bang/2018 M/s.Mistral Solutions Pvt.Ltd. 9.5 Similarly, it is a settled principle that unabsorbed depreciation forms part of current year depreciation under section 32(2) and consequently unabsorbed depreciation should also be set

M/S. MISTRAL SOFTWARE PRIVATE LIMITED,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-4(1)(2), BENGALURU

In the result, the appeal in ITA No

ITA 1912/BANG/2018[2006-07]Status: DisposedITAT Bangalore09 Nov 2020AY 2006-07

Bench: Shri George George K, Jm & Shri B.R.Baskaran, Am

For Appellant: Sri.Padamchand Khincha, CAFor Respondent: Sri.Kannan Narayanan, JCIT-DR
Section 10ASection 143(3)Section 154

losses. 9 ITA Nos.1911-1914/Bang/2018 M/s.Mistral Solutions Pvt.Ltd. 9.5 Similarly, it is a settled principle that unabsorbed depreciation forms part of current year depreciation under section 32(2) and consequently unabsorbed depreciation should also be set

M/S. MISTRAL SOFTWARE PRIVATE LIMITED,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-4(1)(2), , BENGALURU

In the result, the appeal in ITA No

ITA 1913/BANG/2018[2007-08]Status: DisposedITAT Bangalore09 Nov 2020AY 2007-08

Bench: Shri George George K, Jm & Shri B.R.Baskaran, Am

For Appellant: Sri.Padamchand Khincha, CAFor Respondent: Sri.Kannan Narayanan, JCIT-DR
Section 10ASection 143(3)Section 154

losses. 9 ITA Nos.1911-1914/Bang/2018 M/s.Mistral Solutions Pvt.Ltd. 9.5 Similarly, it is a settled principle that unabsorbed depreciation forms part of current year depreciation under section 32(2) and consequently unabsorbed depreciation should also be set

WINTAC LIMITED,BANGALORE vs. DCIT, BANGALORE

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

ITA 950/BANG/2016[2011-12]Status: DisposedITAT Bangalore21 Jun 2019AY 2011-12

Bench: Shri B.R Baskaran & Shri Pavan Kumar Gadale

For Appellant: Shri H Anil Kumar, C.AFor Respondent: Shri P.N Siddappaji, Addl. CIT
Section 115JSection 40Section 40a

set off against business loss or unabsorbed depreciation. We notice that the assessee has set off the profit made in the intermittent

CHANDRASHEKAR HEMANTH ,BENGALURU vs. INCOME TAX OFFICER WARD 7(2)(4) BANGALORE, BENGALURU

In the result, the appeal filed by the assessee is allowed for statistical purposes

ITA 1677/BANG/2024[2017-18]Status: DisposedITAT Bangalore06 Jan 2025AY 2017-18

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Assessment Year : 2017-18

For Appellant: Shri Siddesh Nagaraj Gaddi, CAFor Respondent: Shri Sridhar E, CIT-DR
Section 139(1)Section 143(2)Section 250Section 69ASection 80

set off of brought forward business losses and unabsorbed depreciation. Before proceeding further, it will be profitable at this stage

DCIT, BANGALORE vs. M/S MAKINO INDIA PRIVATE LIMITED, BANGALORE

In the result, the assessee's appeal for Assessment Year 2004-05 is treated as partly allowed for statistical purposes

ITA 935/BANG/2014[2004-05]Status: DisposedITAT Bangalore04 Nov 2015AY 2004-05

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

For Appellant: Shri K.R. Vasudevan, AdvocateFor Respondent: Shri Kaleemulla Khan, JCIT (D.R)
Section 10ASection 115JSection 143(1)Section 143(3)Section 147Section 148

loss is to be first set off and thereafter unabsorbed depreciation treated as current years depreciation u/s 32(2) is to be set

MAKINO INDIA PVT. LTD.,,BANGALORE vs. ACIT,

In the result, the assessee's appeal for Assessment Year 2004-05 is treated as partly allowed for statistical purposes

ITA 1016/BANG/2014[2004-05]Status: DisposedITAT Bangalore04 Nov 2015AY 2004-05

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

For Appellant: Shri K.R. Vasudevan, AdvocateFor Respondent: Shri Kaleemulla Khan, JCIT (D.R)
Section 10ASection 115JSection 143(1)Section 143(3)Section 147Section 148

loss is to be first set off and thereafter unabsorbed depreciation treated as current years depreciation u/s 32(2) is to be set

INDO NISSIN FOODS PVT LTD ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-3(1)(1), BANGALORE

In the result, the appeal by the assessee is dismissed

ITA 809/BANG/2017[2010-11]Status: DisposedITAT Bangalore08 Feb 2022AY 2010-11

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2010-11

For Appellant: Shri Krishnan Hariharan, CAFor Respondent: Shri Priyadarshi Mishra, Addl.CIT(DR)(ITAT), Bengaluru
Section 115JSection 154Section 263

depreciation loss of Rs. 55,69,139 was set-off and book profit was Nil. This set-off was accepted

SAFRAN ENGINERRING SERVICES INDIA PRIVATE LIMITED,BANGALORE vs. DCIT, BANGALORE

In the result, the appeal filed by the assessee is partly allowed

ITA 1310/BANG/2011[2005-06]Status: DisposedITAT Bangalore09 Mar 2016AY 2005-06

Bench: Shri Vijay Pal Rao & Shri Inturi Rama Rao

For Appellant: Shri K.R.Vasudevan, CAFor Respondent: Dr. P.K.Srihari, Addl.CIT
Section 10ASection 143(3)Section 80E

depreciation against 10A profits. 2 ITA No.1310(Bang)2011 a. The ld. CIT(A) has erred in confirming the order of the AO on setting off the b/f losses

ASST.C.I.T., RAICHUR vs. M/S SHILPA MEDICARE LTD.,, RAICHUR

In the result, the revenue’s appeal for AY 2011-12 is dismissed

ITA 1373/BANG/2015[2010-11]Status: DisposedITAT Bangalore06 Feb 2020AY 2010-11

Bench: Shri N.V. Vasudevan & Shri B R Baskaran

For Respondent: Shri Pradeep Kumar, CIT(DR) (ITAT), Bengaluru
Section 143(2)

depreciation which is already set off against the income of the assessee from other source and compute the profit under section 80-IA. Therefore, the approach of the Tribunal is in accordance with law. The Assessing Authority and the Commissioner committed a serious error in setting off the profit earned by the assessee under Section 80-IA against the losses

M/S SHILPA MEDICARE LTD.,,RAICHUR vs. ADDL.C.I.T., RAICHUR

In the result, the revenue’s appeal for AY 2011-12 is dismissed

ITA 1351/BANG/2015[2010-11]Status: DisposedITAT Bangalore06 Feb 2020AY 2010-11

Bench: Shri N.V. Vasudevan & Shri B R Baskaran

For Respondent: Shri Pradeep Kumar, CIT(DR) (ITAT), Bengaluru
Section 143(2)

depreciation which is already set off against the income of the assessee from other source and compute the profit under section 80-IA. Therefore, the approach of the Tribunal is in accordance with law. The Assessing Authority and the Commissioner committed a serious error in setting off the profit earned by the assessee under Section 80-IA against the losses

ASST.C.I.T., RAICHUR vs. M/S SHILPA MEDICARE LTD.,, RAICHUR

In the result, the revenue’s appeal for AY 2011-12 is dismissed

ITA 1374/BANG/2015[2011-12]Status: DisposedITAT Bangalore06 Feb 2020AY 2011-12

Bench: Shri N.V. Vasudevan & Shri B R Baskaran

For Respondent: Shri Pradeep Kumar, CIT(DR) (ITAT), Bengaluru
Section 143(2)

depreciation which is already set off against the income of the assessee from other source and compute the profit under section 80-IA. Therefore, the approach of the Tribunal is in accordance with law. The Assessing Authority and the Commissioner committed a serious error in setting off the profit earned by the assessee under Section 80-IA against the losses

INCOME TAX OFFICER, WARD-11(1), BANGALORE vs. M/S BRITISH ENGINES(I)P LTD, BANGALORE

In the result, both the appeals of the revenue are dismissed

ITA 1277/BANG/2014[2008-09]Status: DisposedITAT Bangalore22 Jan 2016AY 2008-09

Bench: Shri Vijaypal Rao & Shri Inturi Rama Rao

For Appellant: Shri Sunil Kumar Agarwala, JCIT(DR)For Respondent: Shri Sanjay Dave, CA
Section 10ASection 10B

setting off the loss of the current year’s or the brought forward business loss (and unabsorbed depreciation) against the s. 10A profits

M/S RAMSOFT TECHNOLOGIES PVT. LTD.,,BANGALORE vs. DCIT, BANGALORE

In the result, the appeal filed by the assessee is allowed

ITA 1460/BANG/2015[2008-09]Status: DisposedITAT Bangalore30 Jun 2016AY 2008-09

Bench: Smt. Asha Vijayaraghavan & Shri Inturi Rama Raom/S.Ramsoft Technologies Pvt. Ltd. No.104A, 4Th Cross, Electronic City, Hosur Road, Bangalore-561229. … Appellant Pa No.Aaacr 6948 R Vs. Deputy Commisioner Of Income-Tax, Circle 12(4), Bangalore. … Respondent

For Appellant: Shri Ramasubramanian, CAFor Respondent: Shri Sunil Kumar Agarwala, JCIT(A)
Section 10ASection 143(1)Section 143(3)Section 147Section 148Section 14A

setting-off the carry forward losses and depreciation before the allowing the deduction u/s 10A of the Act. 6. That

M/S. TEXTRON INDIA PVT. LTD.,,BANGALORE vs. DCIT, BANGALORE

In the result, the appeal of the assessee is partly allowed

ITA 1228/BANG/2010[2006-07]Status: DisposedITAT Bangalore13 Jan 2016AY 2006-07

Bench: Shri Vijaypal Rao & Shri Inturi Rama Raoi.T. (T.P) A. No.1228/Bang/2010 (Assessment Year : 2006-07) M/S. Textron India Private Limited, (Formerly Known As Textron Global Technology Centre Pvt. Ltd.) Global Village, Rvce Post, Mylasandra, Off Mysore Road, Bangalore-560 059 …. Appellant. Pan Aacct 0118M Vs. Dy. Commissioner Of Income Tax, Circle 12(4), Bangalore. ….. Respondent. Appellant By : Shri P.K. Prasad. Respondent By : Smt. Neera Malhotra, Cit (D.R) Date Of Hearing : 30.11.2015. Date Of Pronouncement : 13.1.2016. O R D E R Per Shri Vijaypal Rao, J.M. :

For Appellant: Shri P.K. PrasadFor Respondent: Smt. Neera Malhotra, CIT (D.R)
Section 133(6)Section 143(3)Section 92C(2)

setting off the loss of the current year’s or the brought forward business loss (and unabsorbed depreciation) against the s. 10A profits

SOFTBRANDS INDIA PRIVATE LIMITED,BANGALORE vs. DCIT, BANGALORE

In the result, the appeal of the assessee is partly allowed

ITA 1094/BANG/2011[2007-08]Status: DisposedITAT Bangalore26 Aug 2016AY 2007-08

Bench: Shri Abraham P George & Shri Vijay Pal Rao

For Appellant: Shri Cherian K Baby, C. AFor Respondent: Shri Sibichen K Mathew, CIT (D.R)
Section 10ASection 133(6)Section 143(3)

setting off the loss of the current year’s or the brought forward business loss (and unabsorbed depreciation) against the s. 10A profits

ASSISTANT COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(1), BENGALURU vs. M/S.OZONE PROPERTIES PVT. LTD.,, BENGALURU

In the result, the appeal filed by the revenue stands allowed for statistical purposes

ITA 95/BANG/2022[2014-2015]Status: DisposedITAT Bangalore09 Sept 2022AY 2014-2015

Bench: Smt. Beena Pillai & Shri Laxmi Prasad Sahuassessment Year : 2014-15 M/S. Ozone Properties The Assistant Pvt. Ltd., Commissioner Of No. 38, Ozone Group, Income Tax, Ulsoor Road, Central Circle – 2(1), Ulsoor, Bangalore. Vs. Bangalore – 560 042. Pan: Aaaco6672M Appellant Respondent & C.O.No. 01/Bang/2022 (In Ita No. 95/Bang/2022) (By Assessee) Assessee By : Shri Kodandapani, Ca : Dr. Manjunath Karkihalli, Revenue By Cit Dr Date Of Hearing : 01-09-2022 Date Of Pronouncement : 09-09-2022 Order Per Beena Pillaipresent Appeal Is Filed By Assessee & Revenue Against Order Dated 30.11.2021 Passed By Ld.Cit(A)-11, Bangalore For A.Y. 2014-15 On Following Grounds Of Appeal:

For Appellant: Shri Kodandapani, CA
Section 115JSection 143(3)Section 153ASection 154

depreciation loss needs to be worked out and reviewed and accordingly the understanding of the Learned AO that such loss once adjusted in earlier year is no longer available for set