Search: depreciation | BharatTax

Search ITAT High Courts Supreme Court Phrases AI Research History

Filters

Sort by

Assessment Year

Order Date From

Order Date To

Judge Name

BharatTax.net

Free search engine for ITAT (Income Tax Appellate Tribunal) judgments across all 28 benches in India.

Quick Links

Search Judgments
Browse by Bench
Recent Judgments

About

BharatTax provides free access to Income Tax Appellate Tribunal orders for legal research and reference.

© 2026 BharatTax.net. All rights reserved.

1,500 results for “depreciation”+ Section 10clear

Sorted by relevance

Mumbai4,268 Delhi4,178 Bangalore1,596 Chennai1,500 Kolkata833 Ahmedabad638 Hyderabad369 Jaipur330 Pune308 Karnataka214 Chandigarh177 Raipur170 Indore118 Cochin115 Amritsar103 Visakhapatnam89 SC85 Lucknow80 Surat75 Rajkot60 Telangana57 Jodhpur54 Ranchi53 Nagpur42 Cuttack39 Kerala29 Guwahati28 Patna27 Calcutta23 Panaji17 Punjab & Haryana12 Dehradun10 Allahabad10 Agra9 Orissa7 Rajasthan6 Jabalpur6 Varanasi6 Gauhati2 A.K. SIKRI N.V. RAMANA1 ASHOK BHAN DALVEER BHANDARI1 Tripura1 D.K. JAIN H.L. DATTU JAGDISH SINGH KHEHAR1 MADAN B. LOKUR S.A. BOBDE1

Key Topics

Section 143(3)81 Disallowance67 Section 14A63 Addition to Income45 Depreciation39 Section 26336 Section 153A35 Deduction34 Section 115J32 Section 10A

M/S. HYUNDAI MOTOR INDIA LTD.,KANCHIPURAM vs. PCIT-4, , CHENNAI

In the result, the appeal of the assessee is allowed

ITA 434/CHNY/2025[2012-13]Status: DisposedITAT Chennai11 Feb 2026AY 2012-13

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunatha

For Appellant: Shri. Sriram Seshadri, C.AFor Respondent: Ms. E. Pavuna Sundari, C.I.T

Section 143(3)Section 254Section 263Section 43(1)

10 to Section 43(1) of the Act is applicable, the receipt shall become chargeable to tax through a depreciation

THIRUVARUR LIONS EYE HOSPITAL TRUST,THIRUVARUR vs. INCOME TAX OFFICER, THIRUVARUR

In the result, both the appeals filed by the assessee are allowed

Showing 1–20 of 1,500 · Page 1 of 75

...

29

ITA 2535/CHNY/2025[2018-19]Status: DisposedITAT Chennai11 Nov 2025AY 2018-19

Bench: Shri George George K & Shri Jagadishआयकर अपील सं./Ita Nos.: 2531 & 2535/Chny/2025 िनधा"रण वष"/Assessment Years: 2016-17 & 2018-19 M/S. Thiruvarur Lions Eye The Income Tax Officer, Hospital Trust, Vs. Thiruvarur 157, Vandampalai, Kangalanchery Post, Thiruvarur – 610 101. Pan: Aaatt 0632P (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri D. Ambarish, Advocate ""यथ" क" ओर से/Respondent By : Ms. Gouthami Manivasagam, Jcit सुनवाई क" तारीख/Date Of Hearing : 11.11.2025 घोषणा क" तारीख/Date Of Pronouncement : 11.11.2025

For Appellant: Shri D. Ambarish, AdvocateFor Respondent: Ms. Gouthami Manivasagam, JCIT

Section 10Section 139Section 143(3)Section 147Section 148Section 250Section 272A(2)(e)

section 10(23C)(iiiae) of the Act. It was submitted that since the assessee had incurred losses after claiming depreciation

THIRUVARUR LIONS EYE HOSPITAL TRUST,THIRUVARUR vs. INCOME TAX OFFICER, THIRUVARUR

In the result, both the appeals filed by the assessee are allowed

ITA 2531/CHNY/2025[2016-17]Status: DisposedITAT Chennai11 Nov 2025AY 2016-17

Bench: Shri George George K & Shri Jagadishआयकर अपील सं./Ita Nos.: 2531 & 2535/Chny/2025 िनधा"रण वष"/Assessment Years: 2016-17 & 2018-19 M/S. Thiruvarur Lions Eye The Income Tax Officer, Hospital Trust, Vs. Thiruvarur 157, Vandampalai, Kangalanchery Post, Thiruvarur – 610 101. Pan: Aaatt 0632P (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri D. Ambarish, Advocate ""यथ" क" ओर से/Respondent By : Ms. Gouthami Manivasagam, Jcit सुनवाई क" तारीख/Date Of Hearing : 11.11.2025 घोषणा क" तारीख/Date Of Pronouncement : 11.11.2025

For Appellant: Shri D. Ambarish, AdvocateFor Respondent: Ms. Gouthami Manivasagam, JCIT

Section 10Section 139Section 143(3)Section 147Section 148Section 250Section 272A(2)(e)

section 10(23C)(iiiae) of the Act. It was submitted that since the assessee had incurred losses after claiming depreciation

M/S. ASHOK LEYLAND LTD.,CHENNAI vs. DCIT, NCC-8(1), LTU-II, CHENNAI

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

ITA 2379/CHNY/2024[2012-13]Status: DisposedITAT Chennai12 Feb 2025AY 2012-13

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

For Appellant: Mr.R. VijayaraghavanFor Respondent: Mr.Nathala Ravi Babu, CIT

Section 32(1)(iia) of the Act. Since the new plant &machinery was put to use for less than 180 days in FY 2010 &machinery was put to use for less than 180 days in FY 2010 &machinery was put to use for less than 180 days in FY 2010-11, the assessee had claimed 50% of the additional depreciation

ASTORIA LEATHERS,CHENNAI vs. ITO, CHENNAI

In the result, the appeals filed by the assessee in I

ITA 2551/CHNY/2014[2008-09]Status: DisposedITAT Chennai27 Dec 2017AY 2008-09

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

For Appellant: Shri S. Sridhar, AdvocateFor Respondent: Shri N. Madhavan, Addl. CIT

Section 133ASection 143(3)Section 147Section 148Section 271B

depreciation on Toyota Innova Car, hereinabove at para 3.3, the Assessing Officer is directed to allow the claim of vehicle maintenance expenses, on verification of bills/vouchers, if any, required. Thus, the ground raised for both the assessment years is allowed. 6.1 Accordingly, the appeals filed by the assessee for the assessment year 2008-09 & 2009-10 are partly allowed

ASTORIA LEATHERS,CHENNAI vs. ITO, CHENNAI

In the result, the appeals filed by the assessee in I

ITA 2549/CHNY/2014[2007-08]Status: DisposedITAT Chennai27 Dec 2017AY 2007-08

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

For Appellant: Shri S. Sridhar, AdvocateFor Respondent: Shri N. Madhavan, Addl. CIT

Section 133ASection 143(3)Section 147Section 148Section 271B

depreciation on Toyota Innova Car, hereinabove at para 3.3, the Assessing Officer is directed to allow the claim of vehicle maintenance expenses, on verification of bills/vouchers, if any, required. Thus, the ground raised for both the assessment years is allowed. 6.1 Accordingly, the appeals filed by the assessee for the assessment year 2008-09 & 2009-10 are partly allowed

ASTORIA LEATHERS,CHENNAI vs. ITO, CHENNAI

In the result, the appeals filed by the assessee in I

ITA 2548/CHNY/2014[2006-07]Status: DisposedITAT Chennai27 Dec 2017AY 2006-07

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

For Appellant: Shri S. Sridhar, AdvocateFor Respondent: Shri N. Madhavan, Addl. CIT

Section 133ASection 143(3)Section 147Section 148Section 271B

depreciation on Toyota Innova Car, hereinabove at para 3.3, the Assessing Officer is directed to allow the claim of vehicle maintenance expenses, on verification of bills/vouchers, if any, required. Thus, the ground raised for both the assessment years is allowed. 6.1 Accordingly, the appeals filed by the assessee for the assessment year 2008-09 & 2009-10 are partly allowed

ASTORIA LEATHERS,CHENNAI vs. ITO, CHENNAI

In the result, the appeals filed by the assessee in I

ITA 2553/CHNY/2014[2009-10]Status: DisposedITAT Chennai27 Dec 2017AY 2009-10

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

For Appellant: Shri S. Sridhar, AdvocateFor Respondent: Shri N. Madhavan, Addl. CIT

Section 133ASection 143(3)Section 147Section 148Section 271B

depreciation on Toyota Innova Car, hereinabove at para 3.3, the Assessing Officer is directed to allow the claim of vehicle maintenance expenses, on verification of bills/vouchers, if any, required. Thus, the ground raised for both the assessment years is allowed. 6.1 Accordingly, the appeals filed by the assessee for the assessment year 2008-09 & 2009-10 are partly allowed

ARUNA ALLOY STEELS PRIVATES LIMITED,MADURAI vs. ACIT,CORP. CIRCLE-1, MADURAI, MADURAIQ

In the result, appeal filed by the assessee is allowed

ITA 2803/CHNY/2024[2016-17]Status: DisposedITAT Chennai26 Feb 2025AY 2016-17

Bench: Shri Aby T. Varkey & Shri Manoj Kumar Aggarwal

For Respondent: Mr.Ashwin D. Gowda

Section 139(1)Section 143(1)Section 143(1)(a)Section 154Section 156Section 80I

depreciation under section 32(1)(iia) of the Act. As per the settled position of law, an assessee claiming exemption has to strictly and literally comply with the exemption provisions. Therefore, the said decision shall not be applicable to the facts of the case on hand, while considering the exemption provisions. Even otherwise, Chapter III and Chapter

DCIT, CHENNAI vs. M/S. TAMIL NADU CRICKET ASSOCIATION, CHENNAI

In the result, both the appeals of the Revenue as well as the cross-objections of the assessee are dismissed

ITA 2557/CHNY/2016[2012-13]Status: DisposedITAT Chennai31 May 2017AY 2012-13

Bench: Shri N.R.S. Ganesan & Shri D.S. Sunder Singhआयकर अपील सं./Ita Nos.2556 & 2557/Mds/2016 & C.O. Nos.158 & 159/Mds/2016 (In Ita Nos.2556 & 2557/Mds/2016) "नधा"रण वष" / Assessment Years : 2011-12 & 2012-13

For Appellant: Dr. Milind Madhukar Bhusari, CITFor Respondent: Shri V. Ravichandran, CA

Section 11Section 12ASection 2(15)

depreciation has to be allowed on commercial principle or customary principle of 21 I.T.A. Nos.2556 & 2557/Mds/16 C.O. Nos.158 & 159/Mds/16 computation of income is contrary to the specific provision, namely, Section 32 of the Act. 10

DCIT, CHENNAI vs. M/S. TAMIL NADU CRICKET ASSOCIATION, CHENNAI

In the result, both the appeals of the Revenue as well as the cross-objections of the assessee are dismissed

ITA 2556/CHNY/2016[2011-12]Status: DisposedITAT Chennai31 May 2017AY 2011-12

Bench: Shri N.R.S. Ganesan & Shri D.S. Sunder Singhआयकर अपील सं./Ita Nos.2556 & 2557/Mds/2016 & C.O. Nos.158 & 159/Mds/2016 (In Ita Nos.2556 & 2557/Mds/2016) "नधा"रण वष" / Assessment Years : 2011-12 & 2012-13

For Appellant: Dr. Milind Madhukar Bhusari, CITFor Respondent: Shri V. Ravichandran, CA

Section 11Section 12ASection 2(15)

depreciation has to be allowed on commercial principle or customary principle of 21 I.T.A. Nos.2556 & 2557/Mds/16 C.O. Nos.158 & 159/Mds/16 computation of income is contrary to the specific provision, namely, Section 32 of the Act. 10

M/S J SIKILE FOUNDATION,CHENNAI vs. DCIT, EXEMPTION-III, CHENNAI

In the result, appeal filed by the assessee is partly allowed

ITA 83/CHNY/2022[2011-12]Status: DisposedITAT Chennai09 Oct 2024AY 2011-12

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.83/Chny/2022 िनधा"रणवष"/Assessment Year: 2011-12 V. M/S.J Sikile Foundation, The Dcit, Plot No.1025, Street No.44, Exemption-Iii, Tvs Colony, Anna Nagar West Extn., Chennai. Chennai-600 101. [Pan: Aaats 1630 C] (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri A.S.Sriraman, AdvocateFor Respondent: Shri ARV Sreenivasan

Section 11Section 11(5)Section 12ASection 13(1)(c)Section 234BSection 234D

Depreciation relating 2,89,419 to assets acquired during the year Assessed income 1,77,32,382 Tax thereon @30% 53,19,715 Education Cess 1,59,591 Total tax 54,79,306 Add: Interest u/s. 234B 19,61,352 Add: Interest u/s 234D 3,380 Add: 244A interest already 2,652 19,67,384 issued Tax payable

SRINIVASAN NANDHAKUMAR,,TIRUPUR vs. ITO, WARD-I(3),, TIRUPUR

In the result, both the appeals filed by the assessee are allowed

ITA 3072/CHNY/2019[2016-17]Status: DisposedITAT Chennai09 Apr 2021AY 2016-17

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaramanआयकर अपील सं./I.T.A. No. 3071/Chny/2019 िनधा"रण वष"/Assessment Year:2016-17 S. Seethalakshmi, The Income Tax Officer, 5B, New Ramakrishnapuram, Vs. Ward 1(3), Kongunagar, Tirupur 641 607. Tirupur. [Pan:Bunps9400A] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No. 3072/Chny/2019 िनधा"रण वष"/Assessment Year:2016-17 Srinivasan Nandhakumar, Vs. The Income Tax Officer, 18A, Ganapathi Illam, 1St Street, Tsr Ward 1(3), Layout, Tirupur 641 607 Tirupur. [Pan: Acwpn2507P] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri H. Yeshwanth Kumar, C.A. ""थ" की ओर से/Respondent By : Shri G. Johnson, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 23.03.2021 घोषणा की तारीख /Date Of Pronouncement : 09.04.2021 आदेश /O R D E R Per Duvvuru Rl Reddy: Both The Appeals Filed By Different Assessees Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 3, Coimbatore, Both Dated 09.10.2019 Relevant To The Assessment Year 2016- 17. The Only Effective Ground Raised In Both The Appeals Of The Assessee Is 2

For Appellant: Shri H. Yeshwanth Kumar, C.AFor Respondent: Shri G. Johnson, Addl. CIT

Section 10Section 32

depreciation allowable under section 32 of the Act. Further, by filing copy of the CBDT Circular No. 8/2014 dated 31.03.2014, the ld. Counsel for the assessee has submitted that the share of profit credited in the partner’s capital account shall be considered for exemption under section 10

S. SEETHALAKSHMI,,TIRUPUR vs. ITO, WARD-1(3),, TIRUPUR

In the result, both the appeals filed by the assessee are allowed

ITA 3071/CHNY/2019[2016-17]Status: DisposedITAT Chennai09 Apr 2021AY 2016-17

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaramanआयकर अपील सं./I.T.A. No. 3071/Chny/2019 िनधा"रण वष"/Assessment Year:2016-17 S. Seethalakshmi, The Income Tax Officer, 5B, New Ramakrishnapuram, Vs. Ward 1(3), Kongunagar, Tirupur 641 607. Tirupur. [Pan:Bunps9400A] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No. 3072/Chny/2019 िनधा"रण वष"/Assessment Year:2016-17 Srinivasan Nandhakumar, Vs. The Income Tax Officer, 18A, Ganapathi Illam, 1St Street, Tsr Ward 1(3), Layout, Tirupur 641 607 Tirupur. [Pan: Acwpn2507P] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri H. Yeshwanth Kumar, C.A. ""थ" की ओर से/Respondent By : Shri G. Johnson, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 23.03.2021 घोषणा की तारीख /Date Of Pronouncement : 09.04.2021 आदेश /O R D E R Per Duvvuru Rl Reddy: Both The Appeals Filed By Different Assessees Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 3, Coimbatore, Both Dated 09.10.2019 Relevant To The Assessment Year 2016- 17. The Only Effective Ground Raised In Both The Appeals Of The Assessee Is 2

For Appellant: Shri H. Yeshwanth Kumar, C.AFor Respondent: Shri G. Johnson, Addl. CIT

Section 10Section 32

depreciation allowable under section 32 of the Act. Further, by filing copy of the CBDT Circular No. 8/2014 dated 31.03.2014, the ld. Counsel for the assessee has submitted that the share of profit credited in the partner’s capital account shall be considered for exemption under section 10

COMPUTER AGE MANAGEMENT SERVICES PVT. LTD.,CHENNAI vs. DCIT LTU 2 , CHENNAI

In the result, the appeals of the assessee for all the assessment years are treated as partly allowed

ITA 1140/CHNY/2018[2012-13]Status: DisposedITAT Chennai14 Dec 2018AY 2012-13

Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddy] आयकर अपील सं./I.T.A. Nos.1140, 1141 & 1142/Chny/2018. "नधा"रण वष" /Assessment Years : 2012-13, 2013-14 & 2014-15. Computer Age Management Vs. The Deputy Commissioner Of Services Pvt. Ltd, Income Tax, Rayala Towers, 3Rd Floor, Ltu-2, 158, Anna Salai, Chennai. Chennai 600 002. [Pan Aaacc 3035G] (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri. Sandeep Bagmar, R. AdvocateFor Respondent: Shri. R. Clement Ramesh

Section 14A of the Act be deleted. Ground 2 - Depreciation at 10% on temporary shed as against 100% claim of depreciation

COMPUTER AGE MANAGEMENT SERVICES PVT. LTD.,CHENNAI vs. DCIT LTU 2 , CHENNAI

In the result, the appeals of the assessee for all the assessment years are treated as partly allowed

ITA 1142/CHNY/2018[214-15]Status: DisposedITAT Chennai14 Dec 2018

Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddy] आयकर अपील सं./I.T.A. Nos.1140, 1141 & 1142/Chny/2018. "नधा"रण वष" /Assessment Years : 2012-13, 2013-14 & 2014-15. Computer Age Management Vs. The Deputy Commissioner Of Services Pvt. Ltd, Income Tax, Rayala Towers, 3Rd Floor, Ltu-2, 158, Anna Salai, Chennai. Chennai 600 002. [Pan Aaacc 3035G] (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri. Sandeep Bagmar, R. AdvocateFor Respondent: Shri. R. Clement Ramesh

Section 14A of the Act be deleted. Ground 2 - Depreciation at 10% on temporary shed as against 100% claim of depreciation

JCIT (OSD), CORPORATE CIRCLE 2(2), CHENNAI vs. INDIA PISTON LTD., CHENNAI

In the result, the appeal filed by the Revenue is dismissed

ITA 1615/CHNY/2019[2014-15]Status: DisposedITAT Chennai09 Apr 2021AY 2014-15

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaramanआयकर अपील सं./I.T.A. No.1615/Chny/2019 िनधा"रण वष"/Assessment Year: 2014-15 The Joint Commissioner Of Income M/S. India Piston Ltd., Tax (Osd), Corporate Circle 2(2), Vs. Huzur Gardens, Room No. 512, 5Th Floor, Wanaparthy Madhavaram High Road, Block, No. 121, M.G. Road, Sembiam, Chennai 600 011. Chennai 600 034. [Pan:Aaaci1439E] (अपीलाथ" /Appellant) (""थ"/Respondent) Department By : Shri G. Johnson, Addl. Cit Assessee By : Shri Vikram Vijayaraghavan, Advocate सुनवाई की तारीख/ Date Of Hearing : 23.03.2021 घोषणा की तारीख /Date Of Pronouncement : 09.04.2021 आदेश /O R D E R Per Duvvuru Rl Reddy:

For Appellant: Shri Vikram Vijayaraghavan, AdvocateFor Respondent: Shri G. Johnson, Addl. CIT

Section 32(1)Section 32(1)(iia)

10% of depreciation has been claimed in the subsequent year relevant to the assessment year under consideration. The claim of the assessee was denied by the Assessing Officer on the ground that the statute does not provide carry forward the additional depreciation under section

DCIT CORPORATE CIRCLE 2(1), CHENNAI vs. FIXIT PVT. LTD., CHENNAI

In the result, the appeal filed by the Revenue is allowed

ITA 2833/CHNY/2017[2001-02]Status: DisposedITAT Chennai26 Jun 2018AY 2001-02

Bench: Shri N.R.S. Ganesan & Shri Abraham P.George

For Appellant: NoneFor Respondent: Mr.N.Gopikrishna, JCIT

Section 10Section 115J

depreciation and loss brought forward in case of a company against whom an application for corporate insolvency resolution process has been admitted by the Adjudicating Authority under section 7 or section 9 or section 10

CLASSIC LINENS INTERNATIONAL PVT. LTD.,,CHENNAI vs. ACIT (OSD), COMPANY RANGE-I,, CHENNAI

In the result, the appeal filed by the assessee is allowed

ITA 3341/CHNY/2019[2014-15]Status: DisposedITAT Chennai23 Nov 2021AY 2014-15

Bench: Shri Duvvuru Rl Reddy & Shri G. Manjunathaआयकर अपील सं./I.T.A. No.3341/Chny/2019 िनधा"रण वष"/Assessment Year: 2014-15 M/S. Classic Linens International Pvt. The Assistant Commissioner Of Ltd., Unit 13 & 14, Sdf, Ii Phase Vs. Income Tax, Osd, Company Range-I, Mepz, Tambaram, Chennai 600 045. Nungambakkam High Road, Chennai 600 034. [Pan: Aabcc3510F] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri S. Raghunathan & Shri S. Sankar Narayanan, Advocates ""थ" की ओर से/Respondent By : Shri G. Johnson, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 09.11.2021 घोषणा की तारीख /Date Of Pronouncement : 23.11.2021 आदेश /O R D E R Per Duvvuru Rl Reddy: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 4, Chennai, Dated 30.09.2019 Relevant To The Assessment Year 2014-15. The Effective Ground Raised In The Appeal Of The Assessee Relates To Confirmation Of Disallowance Of Deduction Of ₹.52,61,428/- Claimed Under Section 10Aa Of The Income Tax Act, 1961 [“Act” In Short].

For Appellant: Shri S. Raghunathan &For Respondent: Shri G. Johnson, Addl. CIT

Section 10ASection 143(2)Section 143(3)

depreciation for each of the relevant assessment year. (7) The provisions of sub-section (8) and sub-section (10) of section

M/S SUN EDISON SOLAR POWER INDIA PVT LTD,CHENNAI vs. DCIT CORPORATE CIRCLE 6 (2), CHENNAI

In the result, the appeals filed by the assessee for the assessment years 2013-14, 2014-15 and 2015-16 are allowed and the appeal filed by the Revenue for the assessment year 2015-16 is dismissed

ITA 1520/CHNY/2018[2013-14]Status: DisposedITAT Chennai12 Apr 2023AY 2013-14

Bench: Shri V. Durga Rao & Shri G. Manjunatha

For Appellant: Shri S.K. Gupta, AdvocateFor Respondent: Shri S. Senthil Kumaran, CIT

depreciation on goodwill as claimed by the assessee for all the three assessment years. 22. The next issue that came up for consideration in the assessment year 2015-16 relates to confirmation of disallowance made under section 14A r.w. Rule 8D of IT Rules, 1962. The Assessing Officer has disallowed expenses relating to exempt income under section