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1,662 results for “depreciation”+ Section 10clear

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Key Topics

Section 143(3)94Disallowance70Section 14A60Addition to Income50Deduction46Depreciation44Section 14731Section 26329Section 14828Section 40

FRESH & HONEST CAFE LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, all the appeals of the Revenue are partly allowed

ITA 1500/CHNY/2014[2010-11]Status: DisposedITAT Chennai05 May 2016AY 2010-11

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.1499 & 1500/Mds/2014 "नधा"रण वष" / Assessment Years :2009-10 & 2010-11 & आयकर अपील सं./Ita No.1485/Mds/2015 "नधा"रण वष" / Assessment Year : 2011-12 M/S Fresh & Honest Café Ltd., The Deputy Commissioner Of C/O Shri S. Sridhar, Advocate, V. Income Tax, New No.14, Old No.82, Flat No.5, Company Circle Ii(1), 1St Avenue, Indira Nagar, Adyar, Chennai - 600 020. Chennai - 600 020. Pan : Aaacf 1516 H (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri S. Sridhar, AdvocateFor Respondent: Dr. Milind Madhukar Bhusari, CIT
Section 32(1)(iia)

depreciation at the rate of 10%. The question 4 I.T.A. Nos.1499 & 1500/Mds/14 I.T.A. No.1485/Mds/15 arises for consideration is whether the assessee can claim the remaining 10% under Section

FRESH & HONEST CAFE LTD.,CHENNAI vs. DCIT, CHENNAI

Showing 1–20 of 1,662 · Page 1 of 84

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20
Section 115J15
Section 143(2)15

In the result, all the appeals of the Revenue are partly allowed

ITA 1499/CHNY/2014[2009-10]Status: DisposedITAT Chennai05 May 2016AY 2009-10

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.1499 & 1500/Mds/2014 "नधा"रण वष" / Assessment Years :2009-10 & 2010-11 & आयकर अपील सं./Ita No.1485/Mds/2015 "नधा"रण वष" / Assessment Year : 2011-12 M/S Fresh & Honest Café Ltd., The Deputy Commissioner Of C/O Shri S. Sridhar, Advocate, V. Income Tax, New No.14, Old No.82, Flat No.5, Company Circle Ii(1), 1St Avenue, Indira Nagar, Adyar, Chennai - 600 020. Chennai - 600 020. Pan : Aaacf 1516 H (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri S. Sridhar, AdvocateFor Respondent: Dr. Milind Madhukar Bhusari, CIT
Section 32(1)(iia)

depreciation at the rate of 10%. The question 4 I.T.A. Nos.1499 & 1500/Mds/14 I.T.A. No.1485/Mds/15 arises for consideration is whether the assessee can claim the remaining 10% under Section

FRESH & HONEST CAFE LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, all the appeals of the Revenue are partly allowed

ITA 1485/CHNY/2015[2011-12]Status: DisposedITAT Chennai05 May 2016AY 2011-12

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.1499 & 1500/Mds/2014 "नधा"रण वष" / Assessment Years :2009-10 & 2010-11 & आयकर अपील सं./Ita No.1485/Mds/2015 "नधा"रण वष" / Assessment Year : 2011-12 M/S Fresh & Honest Café Ltd., The Deputy Commissioner Of C/O Shri S. Sridhar, Advocate, V. Income Tax, New No.14, Old No.82, Flat No.5, Company Circle Ii(1), 1St Avenue, Indira Nagar, Adyar, Chennai - 600 020. Chennai - 600 020. Pan : Aaacf 1516 H (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri S. Sridhar, AdvocateFor Respondent: Dr. Milind Madhukar Bhusari, CIT
Section 32(1)(iia)

depreciation at the rate of 10%. The question 4 I.T.A. Nos.1499 & 1500/Mds/14 I.T.A. No.1485/Mds/15 arises for consideration is whether the assessee can claim the remaining 10% under Section

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

MEENAKSHI (INDIA) LIMITED,CHENNAI vs. ACIT, CHENNAI

In the result, the appeal of the assessee is allowed

ITA 206/CHNY/2016[2012-13]Status: DisposedITAT Chennai07 Apr 2016AY 2012-13

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.206/Mds/2016 "नधा"रण वष" / Assessment Year : 2012-13 M/S Meenakshi (India) Limited, The Assistant Commissioner Of C/O Shri T.N. Seetharaman, V. Income Tax, Advocate, Corporate Circle – 4(1), #384 (Old No.196), Lloyds Road, Chennai - 600 034. Chennai - 600 086. Pan : Aaacm 5386 Q (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri R. Kumar, AdvocateFor Respondent: Sh. A.B. Koli, JCIT
Section 32(1)(iia)

10% additional depreciation under Section 32(1)(iia) of the Act. The balance 10% is now claimed during the year

DCIT, CHENNAI vs. ADDISON & COMPANY LTD., CHENNAI

In the result, the appeal of the revenue stands dismissed

ITA 862/CHNY/2016[2011-12]Status: DisposedITAT Chennai05 Aug 2016AY 2011-12

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No. 862/Mds/2016 "नधा"रण वष" /Assessment Year : 2011-12

For Appellant: Shri. Sahadevan, JCITFor Respondent: Shri. R.Vijayaraghavan, Advocate
Section 32Section 32(1)(iia)

Section 32 (1)(ii) of the Act. 2 I.T.A. No.862/Mds/2016 Shri Sahadevan, the ld.DR submitted that the assessee acquired the asset in the second half of the Financial Year 2006-07 for which the additional depreciation was already allowed at the rate of 10

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

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

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

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

THE MUSIC ACADEMY MADRAS,CHENNAI vs. DDIT, CHENNAI

Accordingly, the same is dismissed

ITA 1098/CHNY/2015[2010-11]Status: DisposedITAT Chennai22 Apr 2016AY 2010-11

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.1098/Mds/2015 "नधा"रण वष" / Assessment Year : 2010-11 The Music Academy Madras, The Deputy Director Of Income Tax No.168 (Old No.306), Ttk Road, V. (Exemptions), Royapettah, Chennai - 600 014. Chennai - 600 034 . Pan : Aaatt 0256 B (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Sh. R. Vijayaraghavan, AdvocateFor Respondent: Sh. P. Radhakrishnan, JCIT
Section 11Section 12ASection 32

depreciation has to be allowed on commercial principle or customary principle of computation of income is contrary to the specific provision, namely, Section 32 of the Act. 10

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 14A

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 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

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

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

TAGROS CHEMICALS INDIA LTD.,CHENNAI vs. ACIT, CHENNAI

In the result, the appeal of the assessee is allowed

ITA 703/CHNY/2015[2005-2006]Status: DisposedITAT Chennai19 May 2016AY 2005-2006

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.703/Mds/2015 "नधा"रण वष" / Assessment Year : 2005-06 M/S Tagros Chemicals India Ltd., The Assistant Commissioner Of Jhaver Centre, Raja Annamalai V. Income Tax, Building, Corporate Circle – 3(1), 72 (Old No.19), Marshals Road, Chennai - 600 034. Egmore, Chennai - 600 008. Pan : Aaact 2952 K (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri Anish Unni, AdvocateFor Respondent: Ms. H. Kabila, JCIT
Section 32(1)(iia)

Section 32(1)(iia) provides for additional depreciation at the rate of 20%. The Assessing Officer allowed 10% of additional

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

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

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