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193 results for “depreciation”+ Section 13(1)(e)clear

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Mumbai3,983Delhi2,794Bangalore1,485Chennai1,364Ahmedabad796Kolkata653Hyderabad340Pune264Jaipur264Cochin193Chandigarh193Indore185Visakhapatnam176Cuttack158Raipur151Karnataka139Surat121Rajkot72Lucknow72SC67Nagpur58Ranchi56Guwahati42Jodhpur37Amritsar29Telangana29Agra26Allahabad20Kerala14Patna14Panaji14Dehradun9Varanasi7Calcutta7Jabalpur5Rajasthan3Punjab & Haryana2ASHOK BHAN DALVEER BHANDARI1A.K. SIKRI N.V. RAMANA1D.K. JAIN H.L. DATTU JAGDISH SINGH KHEHAR1Orissa1MADAN B. LOKUR S.A. BOBDE1

Key Topics

Section 143(3)68Addition to Income60Disallowance37Deduction34Section 32(1)(iia)31Depreciation31Section 14727Section 14824Section 26323Section 10A

AYUR GREEN AYURVEDA HOSPITALS PRIVATE LIMITED,MALAPPURAM vs. DCIT, CPC, BENGALURU, BENGALURU

In the result, the assessee’s appeal is dismissed

ITA 565/COCH/2022[2018-2019]Status: DisposedITAT Cochin13 Mar 2024AY 2018-2019

Bench: Shri Sanjay Arora & Dr. S. Seethalakshmiayurgreen Ayurveda Hospsitals Vs Dcit, Private Limited Cpc, Door No. 1/301 Ayurgreen Bengaluru. Ayurveda Hospitals, Kaladi Mlp Edappal, Malappuram-679585. (Appellant) (Respondent) Pan No. Aaica 4294 M

For Appellant: NoneFor Respondent: Smt. J.M. Jamuna Devi, Sr. DR
Section 143(1)Section 2Section 30Section 36Section 36(1)(va)Section 43B

E R PER: Dr. S. Seethalakshmi, JM This is an appeal filed by the assessee against the order of the ld. CIT(A), National Faceless Appeal Centre, Delhi dated 25.08.2021 (hereinafter referred to “CIT(A)/NFAC”) for the assessment year 2018-19. 2. The assessee has raised the following grounds of appeal:- 2 Ayurgreen Ayurveda Hospitals Pvt. Ltd. “1

Showing 1–20 of 193 · Page 1 of 10

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Section 14A19
Section 15418

DCIT, TRIVANDRUM vs. BRAHMOS AEROSPACE( THIRUVANANTHAPURAM) LTD, TRIVANDRUM

In the result, the appeal filedby

ITA 742/COCH/2019[2002-03]Status: HeardITAT Cochin23 Feb 2022AY 2002-03

Bench: Shri George Mathan, Jm & Shri Ramit Kochar, Am Deputy Commissioner Brahmos Aerospace Of Income Tax, (Thiruvananthapuram) Ltd., Circle-1(1), V. Chackai, Thiruvananthapuram Beach Post, Kerala Tiruvananthapuram, Kerala Pan – Aabck2217K Appellant Respondent

For Appellant: Smt. Jamunna Devi, Sr.DRFor Respondent: Shri Abraham Joseph Markos, Adv
Section 139(1)Section 139(3)Section 143(2)Section 143(3)Section 44ASection 80

depreciation was allowed to be carried forward. It was fairly admitted by the Ld.Sr.DR that the assesseehas filed return of income within prescribed time although it was not supported by the audited accounts. It was submitted that the accounts of the assesse were audited much later on 05th February 2003. The Ld.Sr.DRrely on the ground Nos.3 and 5 and also

AROOR CO-OP URBAN SOCIETY LTD,KOZHIKKODE vs. ITO, KOZHIKKODE

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

ITA 188/COCH/2021[2016-17]Status: DisposedITAT Cochin27 Jun 2022AY 2016-17

Bench: Shrigeorge George K.And Shrilaxmi Prasad Sahuaroor Co-Operative Urbn Society Dcit, Central Prossing Centre Aroor P.O., Kakkattil 673507 Bangalore Vs.

For Appellant: Shri V.S. Narayanan, CAFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 143Section 143(1)Section 143(1)(a)Section 80P

e) The Appellant has claimed Exempt Income of Rs.11,36,064/- in computation of Income. This by no stretch of imagination is 'Exempt Income' as it consists of Reserve to remove bad and doubtful debts - Rs.95,588/- and Reserve for Interest arrears - Rs.10,40,476/-. The Appellant's contention stated that this is the way followed by the Cooperative Societies

M/S.US TECHNOLOGY RESOURCES P. LTD,TRIVANDRUM vs. THE ACIT, TRIVANDRUM

In the result, the appeal for assessment year 2011-2012

ITA 134/COCH/2016[2011-12]Status: DisposedITAT Cochin11 May 2018AY 2011-12

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

For Appellant: Sri.Raghunathan S., AdvocateFor Respondent: Sri. Santham Bose, CIT-DR
Section 144C(5)Section 190Section 194JSection 234BSection 40Section 92C(3)

13. However, in the present, the payment of tax by the recipient company before the due date of filing of the return of income has not been verified by the lower authorities, hence, it is appropriate to remit the issue to the file of the Assessing Officer for the purpose of verification of applicability of first proviso to section

M/S.US TECHNOLOGY RESOURCES P. LTD,TRIVANDRUM vs. THE DCIT, TRIVANDRUM

In the result, the appeal for assessment year 2011-2012

ITA 475/COCH/2016[2012-13]Status: DisposedITAT Cochin11 May 2018AY 2012-13

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

For Appellant: Sri.Raghunathan S., AdvocateFor Respondent: Sri. Santham Bose, CIT-DR
Section 144C(5)Section 190Section 194JSection 234BSection 40Section 92C(3)

13. However, in the present, the payment of tax by the recipient company before the due date of filing of the return of income has not been verified by the lower authorities, hence, it is appropriate to remit the issue to the file of the Assessing Officer for the purpose of verification of applicability of first proviso to section

THE SOUTH INDIAN BANK LIMITED,THRISSUR vs. ACIT, CIRCLE-1(1), THRISSUR

Appeal is allowed

ITA 232/COCH/2024[2004-2005]Status: DisposedITAT Cochin23 Oct 2024AY 2004-2005

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

For Appellant: Shri Naresh S., CAFor Respondent: Dr. S. Pandian, CIT-DR
Section 153Section 154Section 220(2)Section 234DSection 244ASection 244aSection 250

e) are answered as indicated above.” 12. We thus go by their lordships detailed discussion to accept the assessee’s twin identical grounds for statistical purposes in very terms. 13. It lastly emerges that their lordships very judgement has also restored the assessee’s grounds identical to ground Nos. 5 & 6 back to the Assessing Officer as follows : “4.1 Substantial

THE SOUTH INDIAN BANK LIMITED,THRISSUR vs. ACIT, CIRCLE 1(1)& TPS, THRISSUR

Appeal is allowed

ITA 286/COCH/2024[2014-2015]Status: DisposedITAT Cochin23 Oct 2024AY 2014-2015

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

For Appellant: Shri Naresh S., CAFor Respondent: Dr. S. Pandian, CIT-DR
Section 153Section 154Section 220(2)Section 234DSection 244ASection 244aSection 250

e) are answered as indicated above.” 12. We thus go by their lordships detailed discussion to accept the assessee’s twin identical grounds for statistical purposes in very terms. 13. It lastly emerges that their lordships very judgement has also restored the assessee’s grounds identical to ground Nos. 5 & 6 back to the Assessing Officer as follows : “4.1 Substantial

THE SOUTH INDIAN BANK LIMITED,THRISSUR vs. JCIT, CIRCLE-1(1), THRISSUR

Appeal is allowed

ITA 233/COCH/2024[2006-2007]Status: DisposedITAT Cochin23 Oct 2024AY 2006-2007

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

For Appellant: Shri Naresh S., CAFor Respondent: Dr. S. Pandian, CIT-DR
Section 153Section 154Section 220(2)Section 234DSection 244ASection 244aSection 250

e) are answered as indicated above.” 12. We thus go by their lordships detailed discussion to accept the assessee’s twin identical grounds for statistical purposes in very terms. 13. It lastly emerges that their lordships very judgement has also restored the assessee’s grounds identical to ground Nos. 5 & 6 back to the Assessing Officer as follows : “4.1 Substantial

THE SOUTH INDIAN BANK LIMITED,THRISSUR vs. DCIT, THRISSUR

Appeal is allowed

ITA 288/COCH/2024[2019-2020]Status: DisposedITAT Cochin23 Oct 2024AY 2019-2020

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

For Appellant: Shri Naresh S., CAFor Respondent: Dr. S. Pandian, CIT-DR
Section 153Section 154Section 220(2)Section 234DSection 244ASection 244aSection 250

e) are answered as indicated above.” 12. We thus go by their lordships detailed discussion to accept the assessee’s twin identical grounds for statistical purposes in very terms. 13. It lastly emerges that their lordships very judgement has also restored the assessee’s grounds identical to ground Nos. 5 & 6 back to the Assessing Officer as follows : “4.1 Substantial

THE SOUTH INDIAN BANK LIMITED ,THRISSUR vs. ACIT, CIRCLE 1(1), THRISSUR

Appeal is allowed

ITA 285/COCH/2024[2013-2014]Status: DisposedITAT Cochin23 Oct 2024AY 2013-2014

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

For Appellant: Shri Naresh S., CAFor Respondent: Dr. S. Pandian, CIT-DR
Section 153Section 154Section 220(2)Section 234DSection 244ASection 244aSection 250

e) are answered as indicated above.” 12. We thus go by their lordships detailed discussion to accept the assessee’s twin identical grounds for statistical purposes in very terms. 13. It lastly emerges that their lordships very judgement has also restored the assessee’s grounds identical to ground Nos. 5 & 6 back to the Assessing Officer as follows : “4.1 Substantial

THE SOUTH INDIAN BANK LIMITED,THRISSUR vs. JCIT, RANGE-1, THRISSUR

Appeal is allowed

ITA 283/COCH/2024[2008-2009]Status: DisposedITAT Cochin23 Oct 2024AY 2008-2009

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

For Appellant: Shri Naresh S., CAFor Respondent: Dr. S. Pandian, CIT-DR
Section 153Section 154Section 220(2)Section 234DSection 244ASection 244aSection 250

e) are answered as indicated above.” 12. We thus go by their lordships detailed discussion to accept the assessee’s twin identical grounds for statistical purposes in very terms. 13. It lastly emerges that their lordships very judgement has also restored the assessee’s grounds identical to ground Nos. 5 & 6 back to the Assessing Officer as follows : “4.1 Substantial

THE ACIT, ERNAKULAM vs. M/S.NITTA GELATINE INDIA LTD, COCHIN

In the result, the appeal of the Revenue in ITA No

ITA 301/COCH/2017[2009-10]Status: DisposedITAT Cochin29 Aug 2019AY 2009-10

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 143(3)Section 253(1)Section 32Section 40A(3)

section 32(1)(iia) of the Income Tax Act, 1961 is a one-time benefit to encourage industrialization and the relevant provisions have to be construed reasonably and purposively. The additional depreciation is allowed in the year of purchase and if in the year of purchase, the assessee is eligible only for 50 per cent, depreciation, the balance

THE ACIT, COCHIN vs. M/S.NITTA GELATINE INDIA LTD, COCHIN

In the result, the appeal of the Revenue in ITA No

ITA 303/COCH/2017[2010-11]Status: DisposedITAT Cochin23 Aug 2019AY 2010-11

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 143(3)Section 253(1)Section 32Section 40A(3)

section 32(1)(iia) of the Income Tax Act, 1961 is a one-time benefit to encourage industrialization and the relevant provisions have to be construed reasonably and purposively. The additional depreciation is allowed in the year of purchase and if in the year of purchase, the assessee is eligible only for 50 per cent, depreciation, the balance

THE ACIT CIR-1(1), THRISSUR vs. SOUTH INDIAN BANK LTD, THRISSUR

In the result, both the appeal filed by the assessee as well as the appeal filed

ITA 219/COCH/2018[2012-13]Status: DisposedITAT Cochin22 Mar 2019AY 2012-13

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 14ASection 36(1)(viii)

E R Per CHANDRA POOJARI, AM: These appeals filed by the assessee as well as the Revenue are directed against the order passed by the CIT(A), Thrissur dated 21/02/2018 and pertain to the assessment year 2012-13. I.T.A. Nos.215&219/Coch/2018 2. The first ground in assessee’s appeal in ITA No. 215/Coch/2018 is with regard to disallowance of Rs.10

SOUTH INDIAN BANK LTD,THRISSUR vs. THE ACIT CIR-1(1), THRISSUR

In the result, both the appeal filed by the assessee as well as the appeal filed

ITA 215/COCH/2018[2012-13]Status: DisposedITAT Cochin21 Mar 2019AY 2012-13

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 14ASection 36(1)(viii)

E R Per CHANDRA POOJARI, AM: These appeals filed by the assessee as well as the Revenue are directed against the order passed by the CIT(A), Thrissur dated 21/02/2018 and pertain to the assessment year 2012-13. I.T.A. Nos.215&219/Coch/2018 2. The first ground in assessee’s appeal in ITA No. 215/Coch/2018 is with regard to disallowance of Rs.10

THE ACIT, CIRCLE-1(1), THRISSUR, THRISSUR vs. M/S.KERALA COMMUNICATORS CABLE LTD, THRISSUR

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

ITA 271/COCH/2018[2014-15]Status: DisposedITAT Cochin30 Apr 2019AY 2014-15

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

For Appellant: Sri. P.K.JayanFor Respondent: Sri.Sudhanshu Shekhar Jha
Section 143(3)

E) Electrical equipments and sub-category-(k), and eligible for depreciation at 80%. The data carried in signal/telecommunications, always and without exception, is energy, associated with frequencies. The contention that TRAI is allowing 1.70% depreciation per month on straight line basis is totally irrelevant for the purpose of depreciation under the income-tax Act. Items falling within Energy saving device

MANJILAS AGRO FOOD PVT.LTD.,THRISSUR vs. THE ITO,WARD-1(2),, THRISSUR

In the result, all the appeals by the assessee are partly allowed

ITA 33/COCH/2022[2012-13]Status: DisposedITAT Cochin19 Dec 2022AY 2012-13

Bench: Shri N. V. Vasudevan & Ms. Padmavathy S.

For Appellant: Shri C V Varghese, CAFor Respondent: Smt. J M Jamuna Devi, Sr. AR
Section 143(3)Section 147Section 148

E R Per Padmavathy S, Accountant Member: These appeals by the assessee are is against the order of the CIT(Appeals) National Faceless Appeal Centre [NFAC] dated 6.12.2021, 30.11.2021 & 6.12.2021 for the assessment years 2011-12, 2012-13 & 2014-15 respectively. They were heard together and are disposed of by this common order. ITA Nos.32 to 34/Coch/2022 Page

MANJILAS AGRO FOODS PVT. LTD,THRISSUR vs. THACIT,CIRCLE-1(1 ), THRISSUR

In the result, all the appeals by the assessee are partly allowed

ITA 32/COCH/2022[2011-12]Status: DisposedITAT Cochin19 Dec 2022AY 2011-12

Bench: Shri N. V. Vasudevan & Ms. Padmavathy S.

For Appellant: Shri C V Varghese, CAFor Respondent: Smt. J M Jamuna Devi, Sr. AR
Section 143(3)Section 147Section 148

E R Per Padmavathy S, Accountant Member: These appeals by the assessee are is against the order of the CIT(Appeals) National Faceless Appeal Centre [NFAC] dated 6.12.2021, 30.11.2021 & 6.12.2021 for the assessment years 2011-12, 2012-13 & 2014-15 respectively. They were heard together and are disposed of by this common order. ITA Nos.32 to 34/Coch/2022 Page

THE ACIT, CIRCLE-1(1), THRRISSUR vs. MANJILAS AGRO FOODS PVT. LTD., THRISSUR

In the result, all the appeals by the assessee are partly allowed

ITA 34/COCH/2022[2014-15]Status: DisposedITAT Cochin19 Dec 2022AY 2014-15

Bench: Shri N. V. Vasudevan & Ms. Padmavathy S.

For Appellant: Shri C V Varghese, CAFor Respondent: Smt. J M Jamuna Devi, Sr. AR
Section 143(3)Section 147Section 148

E R Per Padmavathy S, Accountant Member: These appeals by the assessee are is against the order of the CIT(Appeals) National Faceless Appeal Centre [NFAC] dated 6.12.2021, 30.11.2021 & 6.12.2021 for the assessment years 2011-12, 2012-13 & 2014-15 respectively. They were heard together and are disposed of by this common order. ITA Nos.32 to 34/Coch/2022 Page

MUTHOOT HEALTHCARE P. LTD,KOZHENCHERRY vs. THE ACIT, , THIRUVALLA

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

ITA 413/COCH/2018[2015-16]Status: DisposedITAT Cochin08 Feb 2019AY 2015-16

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

Section 170Section 32(1)(ii)Section 47

E R Per CHANDRA POOJARI, AM: This appeal filed by the assessee is directed against the order of the CIT(A) Kottayam dated 16/07/2018 and pertains to the assessment year 2015-16. 2. Ground Nos. 1 & 2 raised by the assessee is with regard to restriction of depreciation in the written down value of the assets taken over