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 computed, however, in the income tax return the depreciation so computed was written back and instead the lease

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)

depreciation of 2012-13. The balance depreciation is as under: A.Y Amount of brought forward Amount of dep. Set Balance

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)

depreciation as per Companies Act, 2013 and depreciation as per Income Tax Act, 1964 were provided in the Balance

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)

depreciation as per Companies Act, 2013 and depreciation as per Income Tax Act, 1964 were provided in the Balance

M/S MSJ BATH FITTINGS & ACCESSORIES PVT. LTD.,MANIMAJRA vs. ACIT, CHANDIGARH

The appeal of the assessee is allowed for statistical purposes

Bench: Or At The Time Of Hearing Of Appeal, With The Permission Of The Hon'Ble Income Tax Appellate Tribunal, Chandigarh.” 3. The Above Grounds Are General In Nature & Needs No Adjudication.

depreciation and revised depreciation chart showing the WDV as on 31/03/2010 after the claiming of additional depreciation

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 was not allowable but additional Depreciation claimed has not been allowed. 5. That Generator is also covered

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:

depreciation allowable as per Income Tax Act, 1961 has given reason as, the company has claimed depreciation on assets

JCIT(OSD), C-1(1), CHANDIGARH vs. M/S KUANTUM PAPERS LTD., CHANDIGARH

In the result, the appeal of the Revenue is dismissed

Bench: Ms Diva Singh & Ms. Annapurna Guptathe D.C.I.T., Vs. M/S Kuantum Papers Ltd., Circle-1(1), Sco 18-19, 1St Floor, Sector 8-C, Chandigarh. Chandigarh. Pan: Aadca2231K (Appellant) (Respondent)

depreciation on "paper brand" when brands are not covered under the provision of 32(1) and are not a depreciable

ACIT, C-7, LUDHIANA vs. M/S CEIGALL INDIA LTD., LUDHIANA

In the result appeal of the Department is partly allowed for statistical purposes and the Cross Objection of the assessee is dismissed

Bench: The Appeal Is Finally Heard Or Disposed Off.

depreciation claimed has been to the tune of Rs. 1,48,84,802/- and the fact that the depreciation

BABA HIRA SINGH BHATTAL INSTITUTE OF ENGINEERING & TECHNOLOGY,LEHRAGAGA vs. DCIT, (E), C-1, CHANDIGARH

In the result, the appeal is allowed

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

depreciation as application of income. Accordingly, the disallowance of depreciation amounting to Rs.51,69,258/- as application of income

DR. APURVA GOSWAMY,CHANDIGARH vs. DCIT, C-1(1), CHANDIGARH

Bench: This Bench Is To Contest The Confirmation Of Addition Of A Sum Of Rs.1,17,82,620/- Out Of The Disallowance Made By The Assessing Officer. This Ground Reads As Under:

depreciation claimed on temporary fixtures as per rules, and limiting the depreciation to the extent of 15% on the these

DR. APURVA GOSWAMY,CHANDIGARH vs. DCIT, C-1(1), CHANDIGARH

Bench: This Bench Is To Contest The Confirmation Of Addition Of A Sum Of Rs.1,17,82,620/- Out Of The Disallowance Made By The Assessing Officer. This Ground Reads As Under:

depreciation claimed on temporary fixtures as per rules, and limiting the depreciation to the extent of 15% on the these

SUDARSHAN JEANS PRIVATE LIMITED,KOLHAPUR vs. ITO, AMBALA

The appeal stand allowed

Bench: SHRI LALIET KUMAR (Judicial Member), SHRI MANOJ KUMAR AGGARWAL (Accountant Member)

depreciation on such additions. However, Ld. AO rejected the aforesaid submissions and disallowed excess depreciation & additional depreciation

ACIT-CIRCLE-2(1), CHANDIGARH vs. M/S FASTWAY TRANSMISSIONS PVT.LTD.,, CHANDIGARH

In the result, appeals filed by the Revenue and Cross objections filed by

Bench: Shri N.K. Saini & Shri R.L Negiआयकर अपील सं./Ita Nos. 315 & 316/Chd/2020 िनधा"रण वष" / Assessment Years : 2016-17 & 2017-18 The Acit, M/S Fastway Transmissions Pvt. Ltd., बनाम Circle-2(1), Plot No.17, Industrial Area-1, Chandigarh Chandigarh

depreciation to which the assessee was eligible on the leased assets and the question regarding entitlement of claim of depreciation

ACIT,CIRCLE-2(1), CHANDIGARH vs. M/S FASTWAY TRANSMISSIONS PVT.LTD., CHANDIGARH

In the result, appeals filed by the Revenue and Cross objections filed by

Bench: Shri N.K. Saini & Shri R.L Negiआयकर अपील सं./Ita Nos. 315 & 316/Chd/2020 िनधा"रण वष" / Assessment Years : 2016-17 & 2017-18 The Acit, M/S Fastway Transmissions Pvt. Ltd., बनाम Circle-2(1), Plot No.17, Industrial Area-1, Chandigarh Chandigarh

depreciation to which the assessee was eligible on the leased assets and the question regarding entitlement of claim of depreciation

NAHAR POLY FILMS LIMITED,LUDHIANA vs. DCIT, CIRCLE-1, LUDHIANA

In the result, the appeal is allowed

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 458/Chd/2023 "नधा"रण वष" / Assessment Year: 2015-2016 Nahar Poly Films Limited, Vs. The Dcit, बनाम 375, Industrial Area-A, Circle-1, Ludhiana 141003 Aayakar Bhawan, Rishi Nagar, Ludhiana "थायी लेखा सं./Pan No: Aaacn5708K अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Physical Hearing ) "नधा"रती क" ओर से/Assessee By : Sh. Navdeep Sharma, Advocate राज"व क" ओर से/ Revenue By : Smt. Kusum Bansal, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 29.05.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 19.08.2024 आदेश/Order Per Dr. Krinwant Sahay, A.M.:

depreciation claimed was restricted to 50% of the actual. As far as carry forward of additional depreciation was concerned

BHWANI INDUSTIRES LIMITED,MANDI GOBINDGARH vs. ASSTT. COMMISSSIONER OF INCOME TAX, PATIALA

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

Bench: Ms. Diva Singh & Ms. Annapurna Guptaassessment Year: 2012-13 M/S Bhwani Industries Ltd., Vs. The Acit, Village-Ajnali, G.T. Road, Central Circle, Mandi Gobindgarh. Patiala. Pan No. : Aabcb5105H (Appellant) (Respondent)

depreciation of 7.5% on this amount and the additional depreciation of 50% on this amount of 7.5% should

DCIT-CC-III, LUDHIANA vs. M/S LAXMI ENERGY & FOODS LTD.,, CHANDIGARH

In the result, the appeal of the Revenue is dismissed

Bench: Shri A.D. Jain & Dr Krinwant Sahayआयकर अपील सं./ Ita No. 33/Chd/2021 "नधा"रण वष" / Assessment Year: 2011-12 The Dcit, Vs. M/S Laxmi Energy & Foods बनाम Ltd., Central Circle-Iii, Sco 18-19, Sector 9-D, Ludhiana Ludhiana "थायी लेखा सं./Pan No: Aaacl3147J अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Hybrid Mode ) "नधा"रती क" ओर से/Assessee By : Sh. Sudhir Sehgal, Advocate राज"व क" ओर से/ Revenue By : Shri Rohit Sharma, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 06.06.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 10.07.2024 आदेश/Order Per Dr. Krinwant Sahay, A.M.:

depreciation cannot be disallowed. 4. In AY 2008-09, the depreciation on power plant was disallowed, but the same