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4 results for “depreciation”+ Section 43Bclear

Sorted by relevance

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Key Topics

Section 1448Section 143(1)7Section 143(2)4Section 684Addition to Income4Section 35(1)(i)3Section 35(1)3Depreciation3Disallowance3

M/S NOVA IRON AND STEEL LTD.,CHANDIGARH vs. DCIT, CC-1, CHANDIGARH

Appeal of the assessee is partly allowed

ITA 303/CHANDI/2023[2020-21]Status: DisposedITAT Chandigarh30 Aug 2024AY 2020-21

Bench: Filing Of Income Tax Return.

For Appellant: Shri Ashwani Kumar, CA and Ms. Deepali Aggarwal, C.AFor Respondent: Smt. Kusum Bansal, CIT DR
Section 139(5)Section 143(1)Section 143(1)(a)Section 250Section 253Section 36(1)(va)Section 43B

section 43B on account of 2.2 bonus payable which was also duly paid by the assessee before the due date of filing of income tax return. Further the assessee while filing the return of income, had inadvertently claimed depreciation

Section 2502
Section 35(2)2

M/S GOLD STAR AMCO STEELS PVT. LTD.,LUDHIANA vs. DCIT, C-1, LUDHIANA

In the results, the book results as duly audited need to be accepted and the addition so made is hereby directed to be deleted

ITA 1164/CHANDI/2017[2012-13]Status: DisposedITAT Chandigarh04 Jun 2024AY 2012-13

Bench: 30Th Of September 2013 And, As Such, Framing Of Assessment By The Assessing Officer Without Observing Mandatory

For Appellant: Shri Sudhir Sehgal, AdvocateFor Respondent: Shri Manveet Singh Sehgal, Sr. DR
Section 143(2)Section 144Section 68

section 43B is called for as verified by the auditor in the tax auditor report and the fact that the previous year results have been accepted by the Revenue without any additions. No adverse finding has been recorded by ld CIT(A) and at the same time, he has also followed the same practice as done by the AO whereby

DCIT, C-1, LUDHIANA vs. M/S GOLD STAR AMCO STEELS PVT. LTD., LUDHIANA

In the results, the book results as duly audited need to be accepted and the addition so made is hereby directed to be deleted

ITA 1198/CHANDI/2017[2012-13]Status: DisposedITAT Chandigarh04 Jun 2024AY 2012-13

Bench: 30Th Of September 2013 And, As Such, Framing Of Assessment By The Assessing Officer Without Observing Mandatory

For Appellant: Shri Sudhir Sehgal, AdvocateFor Respondent: Shri Manveet Singh Sehgal, Sr. DR
Section 143(2)Section 144Section 68

section 43B is called for as verified by the auditor in the tax auditor report and the fact that the previous year results have been accepted by the Revenue without any additions. No adverse finding has been recorded by ld CIT(A) and at the same time, he has also followed the same practice as done by the AO whereby

IND SWIFT LABORATORIES LTD.,CHANDIGARH vs. DCIT, CIRCLE 1(1), CHANDIGARH

In the result, the appeal is allowed, as indicated

ITA 350/CHANDI/2023[2017-18]Status: DisposedITAT Chandigarh04 Jun 2024AY 2017-18

Bench: SHRI A.D.JAIN (Vice President), SHRI KRINWANT SAHAY (Accountant Member)

For Appellant: Shri T.N.Singla, C.AFor Respondent: Shri Rohit Sharma, CIT-DR
Section 250Section 35Section 35(1)Section 35(1)(i)Section 35(2)

43B, as available from the income tax return; that it was thus, that net interest of Rs.8.77 crore was claimed as expense of interest during the year; that therefore, disallowance, if any, of proportionate notional interest at Average to Total Assets can be made only out of the interest of Rs.8.77 crore claimed by the assessee as interest expenditure during