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2 results for “depreciation”+ Section 26(1)(iii)clear

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Key Topics

Addition to Income2

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

iii)"indexed cost of acquisition" …… (iv)"indexed cost of any improvement……. (v)[ "Cost Inflation Index", …..” 14. Section 2(14) of the Act 1961 defines the term “Capital Asset” to mean (a) property of any kind held by an assesse, whether or not connect with his business or profession. The word property has not been defined under the Act. In Ahmed

PRINCIPAL COMM OF INCOME TAX, ASANSOL vs. M/S EASTERN COALFIELDS LTD

Accordingly, the appeal fails and it is dismissed

ITAT/230/2017HC Calcutta14 Dec 2021

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

Section 260Section 32
Section 40A(9)

26,91,71,670/- for the A.Y. 2005-06 respectively on account of closing stock of coal? d) Whether on the facts and circumstances of the case and in law, the Learned Income Tax Appellate Tribunal, “C” Bench, was justified in reversing the finding of CIT (Appeals) in deleting the addition