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

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

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

depreciation of 10% relating to assets acquired and put to use in the immediate previous AY 2009-10. The Assessing Officer has rightly disallowed the same, since the plant and machinery were added during the previous year relevant to the AY 2008-09. As per clause (ii a) of sub-section (1) of section 32

GATEWAY DISTRIPARKS(KERALA) LTD,COCHIN vs. ACIT, COCHIN

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

Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No.216/Coch/2018 Assessment Year : 2013-14 Gateway Distriparks (Kerala) Vs. The Assistant Commissioner Of Ltd., Door No. 26/1804, Income-Tax, Circle-1(2), Kochi Chakiat House, Subramaniam Road, Willington Island, Kochi-682 003. [Pan:Aaccg 6616P] (Assessee-Appellant) (Revenue-Respondent) Assessee By Shri P.M. Veeramani, Ca Revenue By Smt. A.S. Bindhu, Dr Date Of Hearing 14/08/2018 Date Of Pronouncement 28/08/2018

Section 32(l)(ii) of the Act, the intangible assets such as knowhow, patents, copyrights, trademarks, licenses, franchises or any other business or commercial right of similar nature are eligible for depreciation

DIADORA SHOES PVT LTD,CALICUT vs. ACIT CIRCLE 2(1), CALICUT

In the result, the assessee’s appeal is allowed

Bench: Shri Sanjay Arora, Am & Shri Anil Kumar Dugar, Jm

depreciation of Rs.59,000/- in respect of the assets acquired in preceding assessment year i.e. A.Y. 2013- 2014 under section 32

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

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

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

depreciation thereon is allowable under section 32(1) (ii) of the Income Tax Act. The two conditions mentioned in section

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

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

depreciation of various block of assets specified under section 32 including building when the rate of depreciation on building is only

CHERIAN VARKEY CONSTRUCTION CO.(P) LTD,COCHIN vs. THE ACIT, COCHIN

In the result, the appeals filed by the assessee is partly allowed for statistical purposes

Bench: Shri George George K, Jm & Shri Laxmi Prasad Sahu, Am

depreciation under Section 32(1)(iia) for the machinery used for manufacturing Ready Mix Concrete? (iii) Whether on the facts

TAG CHEMICALS (INDIA) PRIVATE LTD,ERNAKULAM vs. ACIT CIRCLE 1(1) , TRIVANDRUM

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

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Tag Chemicals (India) Pvt. Ltd. Acit, Circle - 1(1) Kinfra Bio-Technology & Trivandrum Industrial Zone Vs. Thrikkakara North Part Hmt Colony, Ernakulam 683503 [Pan: Aacct8064G] (Appellant) (Respondent)

depreciation as per section 32(1)(ii) of the Act. We observe that the said amount of Rs.150 crores paid

THE ACIT, KOCHI vs. M/S.KUNNEL ENGINEERS & CONTRACTORS P. LTD, KOCHI

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

depreciation under section 32 of the Income-tax Act, 1961( 43 of 1961). (5) (a) The CENVAT credit shall be allowed

THE DCIT, COCHIN vs. M.S COCHIN INTERNATIONAL AIRPORT LTD, COCHIN

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

depreciable asset or not? Under section 32 depreciation allowance is, subject to the provisions of section 34, permissible only in respect

THE DCIT, COCHIN vs. M/S.COCHIN INTERNATIONAL AIRPORT LTD, COCHIN

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

depreciable asset or not? Under section 32 depreciation allowance is, subject to the provisions of section 34, permissible only in respect

THE DCIT, COCHIN vs. M/S.COCHIN INTERNATIONAL AIRPORT LTD, COCHIN

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

depreciable asset or not? Under section 32 depreciation allowance is, subject to the provisions of section 34, permissible only in respect

THEDCIT, COCHIN vs. M.S COCHIN INTERNATIONAL AIRPORT LTD, COCHIN

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

depreciable asset or not? Under section 32 depreciation allowance is, subject to the provisions of section 34, permissible only in respect

THE ACIT, KOCHI vs. M/S.COCHIN SHIPYARD LTD, KOCHI

In the result, all the appeals by the revenue are dismissed

Bench: Smt. Beena Pillai & Ms. Padmavathy S.

depreciation allowed under section 32(1)(iia) of the Act. The assessee could avail 50% of the allowed depreciation on account

THE ACIT, KOCHI vs. M/S.COCHIN SHIPYARD LTD, KOCHI

In the result, all the appeals by the revenue are dismissed

Bench: Smt. Beena Pillai & Ms. Padmavathy S.

depreciation allowed under section 32(1)(iia) of the Act. The assessee could avail 50% of the allowed depreciation on account

THE ACIT, KOCHI vs. M/S.COCHIN SHIPYARD LTD, KOCHI

In the result, all the appeals by the revenue are dismissed

Bench: Smt. Beena Pillai & Ms. Padmavathy S.

depreciation allowed under section 32(1)(iia) of the Act. The assessee could avail 50% of the allowed depreciation on account

THE ACIT, KOCHI vs. M/S.COCHIN SHIPYARD LTD, KOCHI

In the result, all the appeals by the revenue are dismissed

Bench: Smt. Beena Pillai & Ms. Padmavathy S.

depreciation allowed under section 32(1)(iia) of the Act. The assessee could avail 50% of the allowed depreciation on account

THE ACIT, KOCHI vs. M/S.COCHIN SHIPYARD LTD, KOCHI

In the result, all the appeals by the revenue are dismissed

Bench: Smt. Beena Pillai & Ms. Padmavathy S.

depreciation allowed under section 32(1)(iia) of the Act. The assessee could avail 50% of the allowed depreciation on account

DIADORA SHOES PVT LTD,CALICUT vs. ACIT CIRCLE 2(1), CALICUT

In the result, the assessee’sappeal is allowed

Bench: Shri Sanjay Arora & Shri Manomohan Dasdiadora Shoes Pvt. Ltd. Asst. Cit, Circle - 2 Vkc Tower, Kolathra P.O Calicut 673001 Vs. Calicut 673655 [Pan:Aabcd9692D] (Appellant) (Respondent)

section 32(1)(ii) by Finance Act, 2015, w.e.f. 01.04.2016, is retrospective in nature? While the assessee before us relies on the decisions in the following cases, the Revenue relies on the decision in Pr. CIT vs. Era Infrastructure(India) Ltd. [2022] 141 taxmann.com 289 (Del) (copy on record), rendered relying on the decision in Sedco Forex International Drill