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2 results for “depreciation”+ Section 245C(1)clear

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Key Topics

Section 1424Section 143(3)3Section 1322Section 153A2Section 142(1)2

SANTECH SOLUTONS PVT LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, the appeal of the assessee is treated as 9

ITA 1036/CHNY/2016[2008-09]Status: DisposedITAT Chennai07 Dec 2017AY 2008-09

Bench: Shri Abraham P.George & Shri George Mathanआयकर अपील सं./I.T.A. No.1036/Mds/2016 "नधा"रण वष" /Assessment Year : 2008-2009

For Appellant: Shri. D. Anand, AdvocateFor Respondent: Dr. S. Pandian, IRS, JCIT
Section 143(3)Section 148Section 28

depreciation for deduction of ₹1,50,74,601/- in place of ₹6,44,589/- is not admissible’’. Thus, the only reasonable conclusion that can be drawn is that ld. Assessing Officer, while framing the original assessment was aware of the recovery of "1,05,93,698/- made by the assessee on its semi finished M/s. Health Q Software product from

THANUSHKODI NARAYANAN,CHENNAI vs. DCIT, CENTRAL CIRCLE-3(2), CHENNAI

In the result, the appeals filed by the assessees in ITA Nos

ITA 2577/CHNY/2025[2018-19]Status: DisposedITAT Chennai09 Mar 2026AY 2018-19
Section 132Section 142Section 142(1)Section 143(2)Section 153A

depreciation could not have been claimed in respect of assets acquired by DSL out of the deferred government grant in terms of Explanation 10 to Section 43 (1) of the Act.\n\n5. The Commissioner of Income Tax (Appeals) [CIT(A)] by the common order dated 25th April 2014 allowed the Assessee's appeals for the AYs in question