Search: depreciation

2 results for “depreciation”+ Section 394clear

Sorted by relevance

Key Topics

Section 143(3)2 Section 268A2 Business Income2 House Property2 Depreciation2

THE ACIT, CORP CIRCLE-1(2), KOCHI vs. M/S.KNOWELL REALTORS INDIA P. LTD, KOCHI

In the result, the Revenue’s appeals are allowed

ITA 192/COCH/2019[2012-13]Status: DisposedITAT Cochin25 Sept 2023AY 2012-13

Bench: Shri Sanjay Arora, Am &Shri Manomohan Das, Jm

For Appellant: Sri. Santosh P. Abraham, AdvFor Respondent: Smt.J.M.Jamuna Devi, Sr.DR

Section 143(3)Section 268A

depreciation had been claimed on the fixed assets for any of the years. On inquiry, it was explained by Sri.Abraham, the ld. counsel for the assessee, that the property sold during the year, yielding capital gain of Rs.98.01 lakhs (AY 2012- 2013), was for the reason that the building had become old. Similarly, the land sold

THE ACIT, CORP CIRCLE-1(2), KOCHI vs. M/S.KNOWELL REALTORS INDIA P. LTD, KOCHI

In the result, the Revenue’s appeals are allowed