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2 results for “depreciation”+ Block Assessmentclear

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Key Topics

Section 80I2Section 32(1)2Section 36(1)(va)2Addition to Income2

M/S. SELVEL ADVERTISING PVT. LTD. vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 12, KOLKATA

Accordingly, the appeal (ITAT/75/2010) stands dismissed

ITAT/75/2010HC Calcutta06 Jun 2022

Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA

Section 260ASection 32(1)Section 36(1)Section 36(1)(va)Section 43BSection 80I

Assessing Officer in applying the provisions of the second proviso to Section 32(1) of the Income Tax Act, 1961 on block of assets on which 100% depreciation

PRINCIPAL COMMISSIONER OF INCOME TAX -3, KOLKATA vs. M/S. ITC LIMITED

Appeal is allowed to the extent indicated

ITA/125/2018HC Calcutta27 Jun 2024

Bench: HON'BLE JUSTICE SURYA PRAKASH KESARWANI,HON'BLE JUSTICE RAJARSHI BHARADWAJ

assessments pertaining to and levied upon the operating of the Hotel including without limitation the sales of the Hotel which are leviable at present or may be levied by the Government from time to time; (e) Service Charge collected on behalf of the employees and staff. It is agreed that Bad Debts will be to the cost