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5 results for “depreciation”+ Section 41(1)clear

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Key Topics

Section 286Section 153C3Section 14A3Section 1433Depreciation3Addition to Income3Section 260A2Section 32(1)(iia)2Deduction2

COMMISSIONER OF INCOME TAX, KOL-III vs. M/S. KOTHARI GLOBAL LTD.

The appeals are dismissed

ITA/60/2014HC Calcutta30 Nov 2023

Bench: : The Hon’Ble Justice Surya Prakash Kesarwani

Section 263Section 28Section 41Section 41(1)

Section 41(1) of the IT Act and held that the Respondent had received amortization benefit. Amortization is an accounting term that refers to the process of allocating the cost of an asset over a period of time, hence, it is nothing else than depreciation

THE COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION & TRA vs. JOY PARTNERSHIP MINING CENTRE

ITAT/71/2018HC Calcutta15 Nov 2021

: The Hon’Ble Justice Surya Prakash Kesarwani

Bench:
Section 142Section 143Section 143(3)Section 147Section 260A

Section 143(3) of the Act, 1961 for the Assessment Year 2005-06 was passed by the Assessing Officer which is reproduced below: “1. The assessee company submitted its return of income on 16.11.2004 declaring total income at NIL which was duly processed U/s. 143 (1). The case was selected for scrutiny as per guidelines of C.B.D.T. and notice

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 32Section 40A(9)

1) along with a questionnaire was issued on 31.12.2004, the case was discussed with the authorized representative of the assessee. The Assessing Officer on considering the following issues completed the Assessment by order dated 30.03.2006. The different heads under which the assessments were completed are as here under:- (i) Depreciation (ii) IICM contribution (iii) Closing Stock of Coal (iv) Guest

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

41 of 77 r(1)(e) any representation(s) / warranty(ies) of Elel as contained in the . Consent Terms being incomplete or incorrect; r(1)(f) all litigation referred to in Annexure E; r(1)(g) any claim of any of the Employees; r(1)(h) any claim of any statutory authority for non-payment of any fees relating

PRINCIPAL COMMISSIONER OF INCOME TAX ,CENTRAL-2,KOLKATA vs. M/S. DHANSAR ENGINEERING CO.PVT LTD.

In the result, we find that question no

ITAT/343/2017HC Calcutta14 Dec 2021

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

Section 14ASection 153CSection 260ASection 32(1)(iia)Section 32A(2)(b)

depreciation under Section 32(1)(iia). The Tribunal had taken note of the decision of this Court in the case of CIT Vs. G. S. Atwal & Company in 254 ITR 592 for the proposition that mining of coal is production. Applying the said decision the Tribunal granted relief to the assessee. This issue has also been settled