M/S SUPERFINE KNITTERS LTD.,LUDHIANA vs. ACIT, LUDHIANA

Bench: Shri Sanjay Garg & Smt. Annapurna Guptaassessment Year: 2009-10 M/S Superfine Knitters Ltd., Vs. The Acit, 269, Industrial Area-A, Circle-7, Ludhiana. Ludhiana. Pan No. Aadcs4217P

depreciation in assets amounting to Rs.4,03,000/-. In the replies dated 30.10.2012 & 19.11.2012, in response to the remedial action being initiated by the AO, the assessee has mentioned that the block of machinery on which the subsidy was sanctioned in 2001 has become Nil in the relevant A.Y. even as the 15% block was still existing. That means

M/S FASTWAY TRANSMISSION (P) LTD.,CHANDIGARH vs. ACIT, CHANDIGARH

In the result the captioned appeals of the assessee are

Bench: Shri N.K. Saini & Shri Sanjay Gargआयकर अपील सं./ Ita No.547/Chd/2017 "नधा"रण वष" / Assessment Year : 2013-14

depreciation rate of 60 % should not be allowed to assessee. 5. Further various submissions made by the assessee during the assessment proceedings are analyzed as under: • However, first of all it is observed that the order of Hon'ble ITAT in the case of CISCO System(India) Pvt. Limited is related to the Audit Video Conferencing devices and depreciation

M/S FASTWAY TRANSMISSION (P) LTD.,CHANDIGARH vs. DCIT, CC-II, CHANDIGARH

In the result the captioned appeals of the assessee are

Bench: Shri N.K. Saini & Shri Sanjay Gargआयकर अपील सं./ Ita No.547/Chd/2017 "नधा"रण वष" / Assessment Year : 2013-14

depreciation rate of 60 % should not be allowed to assessee. 5. Further various submissions made by the assessee during the assessment proceedings are analyzed as under: • However, first of all it is observed that the order of Hon'ble ITAT in the case of CISCO System(India) Pvt. Limited is related to the Audit Video Conferencing devices and depreciation

M/S FASTWAY TRANSMISSION (P) LTD.,CHANDIGARH vs. DCIT, CC-II, CHANDIGARH

In the result the captioned appeals of the assessee are

Bench: Shri N.K. Saini & Shri Sanjay Gargआयकर अपील सं./ Ita No.547/Chd/2017 "नधा"रण वष" / Assessment Year : 2013-14

depreciation rate of 60 % should not be allowed to assessee. 5. Further various submissions made by the assessee during the assessment proceedings are analyzed as under: • However, first of all it is observed that the order of Hon'ble ITAT in the case of CISCO System(India) Pvt. Limited is related to the Audit Video Conferencing devices and depreciation

DCIT, CIRCLE, PATIALA vs. M/S PUNJAB BEVERAGES PVT. LTD., PATIALA

Bench: Shri Sanjay Garg & Smt.Annapurna Guptaआयकर अपील सं./ Ita No.438/Chd/2018 "नधा"रण वष" / Assessment Year : 2001-02

depreciation of the block of A.Y 1997-98 to 2001-02 was not to be allowed to be set off against income. On receipt of the aforesaid order of the Tribunal the A.O. reduced the demand of Rs.1,90,32,260/- ,which was raised pursuant to the original order of assessment

PUNJAB BEVERAGES PVT. LTD.,PATIALA vs. DCIT, CIRCLE, PATIALA

Bench: Shri Sanjay Garg & Smt.Annapurna Guptaआयकर अपील सं./ Ita No.438/Chd/2018 "नधा"रण वष" / Assessment Year : 2001-02

depreciation of the block of A.Y 1997-98 to 2001-02 was not to be allowed to be set off against income. On receipt of the aforesaid order of the Tribunal the A.O. reduced the demand of Rs.1,90,32,260/- ,which was raised pursuant to the original order of assessment

M/S PAGRO FROZEN FOODS PVT. LTD.,CHANDIGARH vs. ITO, W-2(3), CHANDIGARH

The appeal of the Assessee is dismissed

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

assessment dt. 26/12/2016 supra. 28.1. We have perused all the papers and proceedings of the case including paper books, written submissions of DR very minutely. We have heard them patiently too and have treated both parties equally. 28.2. We are of the considered view that development is key to nation building. Both Government of India and State Government have

NAHAR INDUSTRIAL ENTERPRISES LTD.,LUDHIANA vs. ACIT, C-7, LUDHIANA

In the result, the appeal of the assessee is allowed for statistical

Bench: Shri N.K. Saini & Shri R.L Negiआयकर अपील सं./Ita No. 1554/Chd/2019 "नधा"रणवष" / Assessment Years : 2009-10 Nahar Industrial Enterprises The Acit, Circle-7, बनाम Limited, Focal Point, Aayakar Bhawan, Ludhiana Rishi Nagar, Ludhiana Tan No: Aaccn3563A अपीलाथ"/Appellant ""यथ"/Respondent

assessing officer has allocated the above-mentioned amount to Machinery under the head depreciation at the rate of 15% and 80% on pro rata basis depending on the WDV of the said Block

KHANDELIA OIL & GENERAL MILLS LTD.,CHANDIGARH vs. ADDL. CIT, CHANDIGARH

In the result, Appeal of the Revenue and the Cross Appeal of the Assessee are partly allowed for statistical purposes

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

assessment proceedings it is not clear whether the balance amount of.Rs. 45,56,500/- has been adjusted against fixed assets or not. From the depreciation chart it has seen that appellant has claimed depreciation from its block

DCIT, CHANDIGARH vs. M/S KHANDELIA OIL & GENERAL MILLS PVT. LTD., CHANDIGARH

In the result, Appeal of the Revenue and the Cross Appeal of the Assessee are partly allowed for statistical purposes

Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar

assessment proceedings it is not clear whether the balance amount of.Rs. 45,56,500/- has been adjusted against fixed assets or not. From the depreciation chart it has seen that appellant has claimed depreciation from its block

M/S JAIN AMAR CLOTHING PRIVATE LIMITED,LUDHIANA vs. DCIT-CC-3, LUDHIANA

In the result, appeal of the assessee is allowed

Bench: Or At The Time Of Hearing.

depreciation chart relates to assessment year 2016-17 and not assessment year 2017-18 as assumed by the AO for the assessment year 2017-18. The additions on the basis of such figures deserve to be deleted since the facts of the case are not correct. 4. Your kind attention is also invited to the Judgement of Honorable Supreme Court

M/S HARYANA WAREHOUSING CORPORATION,PANCHKULA vs. ACIT, CIRCLE , PANCHKULA

In the result, the appeal of the assessee stands allowed

Bench: Shri Sanjay Garg & Ms. Annapurna Guptaआयकर अपील सं./ Ita No. 891/Chd/2019 "नधा"रण वष" / Assessment Year : 2012-13 Haryana State Warehousing The Acit, Circle Panchkula, बनाम Corporation, Panchkula 134112 Bay No. 15-18, Sector 2, Panchkula- 134112 "थायी लेखा सं./Pan No: Aaath7482H अपीलाथ"/Appellant ""यथ"/Respondent

depreciation on block of asset of Building by bifurcating the operating written value of that block of assets which is wrong as per Section 32(1) explanation 2 read with Section 43(6)(c)(ii) of the Income Tax Act, 1961 by Rs. 21,75,763/-. 7.3.1 Madam the Ld. Assessing

DY.CIT, CIRCLE-1(1), CHANDIGARH vs. M/S GLAXOSMITHKLINE CONSUMER PVT. LTD., NABHA

In the result, Revenue’s appeal is dismissed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 121/Chd/2023 "नधा"रण वष" / Assessment Year : 2016-17 Dcit, M/S Glaxosmithkline Circle 1(1), बनाम Consumer Pvt. Ltd., Chandigarh Patiala Road, Vs. Nabha. Punjab "थायी लेखा सं./Pan No. Aafcg8415R अपीलाथ"/Appellant ""यथ"/Respondent ( Hybrid Mode ) "नधा"रती क" ओर से/Assessee By : Sh. Ajay Vohra, Sr. Advocate With Sh. Neeraj Jain, Advocate & Ms. Somya Jain, Ca (Virtual) राज"व क" ओर से/ Revenue By : Shri Manav Bansal, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 06.08.2025 उदघोषणा क" तार"ख/Date Of Pronouncement : 16.10.2025 आदेश/Order Per Krinwant Sahay, Am:

block of asset that the depreciation at applicable rate is then computed at the year end. 16. As regard depreciation on goodwill, it is respectfully submitted that the said goodwill, being a self-generated asset, was never recorded in the books of the transferor for claim of depreciation; the same arose only as a result of excess consideration paid

DUSHYANT,MANDI vs. INCOME TAX OFFICER,

In the result, appeal of the assessee is partly allowed

Bench: Ms. Diva Singhassessment Year: 2008-09 Dushyant Vs. The Ito S/O Sh. Viptu Ram R/O Vpo Sunder Nagar Tata Pani Distt, Mandi Distt- Mandi, H.P. Pan No. Apfpd0262D (Appellant) (Respondent) Assessee By : Shri Inder Mohan Revenue By : Shri Manjit Singh

block of asset i.e. Building. Moreover depreciation “allowed” to the assessee cannot be read so as to mean that allowed after having been claimed by the assessee. Explanation 5 to section 32(1) ,which deals with allowability of depreciation ,states depreciation will be allowed as per the provision of section 32 whether or not the assessee has claimed the deduction

UMESH KUMAR,MANDI vs. ITO, BILASPUR

In the result, appeal of the assessee is partly allowed

Bench: Ms. Diva Singhassessment Year: 2008-09

block of asset i.e. Building. Moreover depreciation “allowed” to the assessee cannot be read so as to mean that allowed after having been claimed by the assessee. Explanation 5 to section 32(1) ,which deals with allowability of depreciation ,states depreciation will be allowed as per the provision of section 32 whether or not the assessee has claimed the deduction

A.B. SUGARS LIMITED,PUNJAB vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, CHANDIGARH, CHANDIGARH

In the result, the appeal of the assessee is allowed

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

assessment years and forming part of the opening block of assets and there cannot be two views and the AO couldn’t have taken any view other than allowing claim of depreciation

A.B. SUGARS LIMITED,PUNJAB vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, CHANDIGARH

In the result, the appeal of the assessee is allowed

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

assessment years and forming part of the opening block of assets and there cannot be two views and the AO couldn’t have taken any view other than allowing claim of depreciation

TARSEM BHARTI,SHIMLA vs. ITO, WARD-2, SHIMLA

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

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

depreciation has been claimed on the assets forming part of the opening WDV as well as certain additions made during the Financial Year relevant to the impugned Assessment Year. It was submitted that the details of the opening WDV as well as the addition under the respective block

BALVINDER SINGH,FATEHABAD vs. ITO WARD-1, FATEHABAD

Block-B, Vishnu Garden\nJagadhri- 135003, Haryana\nबनाम\nThe ITO\nWard-4,\nYamuna Nagar, Haryana\nस्थायी लेखा सं./PAN NO: FMGPS1721D\nअपीलार्थी/Appellant\nनिर्धारिती की ओर से/Assessee by :\nShri Ajay Jain, C.A (Virtual)\nShri Manav Bansal, CIT, DR\nराजस्व की ओर से / Revenue by :\nआयकर अपील सं. / ITA No. 92 /Chd/2024\nनिर्धारण वर्ष / Assessment Year : 2014-15\nBaljeet Kaur