THE PLANTATION CORPORATION OF KERALA LTD,KOTTAYAM vs. THE ACIT, KOTTAYAM

In the result, the appeals filed by the assessee are dismissed

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

depreciation also on the value of tea bushes under Section 32 of the IT Act on the ground that a "tea bush" is a 'plant', In Section 43

THE PLANTATION CORPORATION OF KERALA LTD,KOTTAYAM vs. THE DCIT, KOTTAYAM

In the result, the appeals filed by the assessee are dismissed

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

depreciation on the value of Tea bushes under section 32 of the IT Act on the ground that (tea bush' is a (plant'. This was, apparently, based on the definition of 'plant' as per section 43

THE VELIMALAI RUBBER CO. LTD,KOTTAYAM vs. THE ACIT, KOTTAYAM

In the result, the appeals filed by the assessee are dismissed

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

depreciation on the value of Tea bushes under section 32 of the IT Act on the ground that (tea bush' is a (plant'. This was, apparently, based on the definition of 'plant' as per section 43

KITEX GARMENTS LIMITED,KIZHAKKAMBALAM vs. DCIT 1(1), CORPORATE CIRCLE, KOCHI

In the result, appeal filed by the assessee stands dismissed

Bench: Shri George George K., Vp & Shri Inturi Rama Rao, Am

section 43(1), capital subsidy is required to be reduced from actual cost of the plant and machinery for the purpose of claiming depreciation

THE ACIT, COCHIN vs. M/S.SUD CHEMIE INDIA P. LTD, ALUVA

In the result, the appeals of the Revenue are partly allowed for statistical

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

section 43(5). With regard to speculative I hedging transactions we had benefit of perusing the judgments I.T.A. Nos./ 3, 17 & 41/C/2017 of M.G. Bros. V CIT (1985) 1564 ITR 695/20 Taxman 90 (AP), Nuddea Mills Co. Ltd. V. CIT (1988) 171 ITR 169 (1987) 35 Taxman 3 (Cal), Delhi Flour Mills

THE ACIT, COCHIN vs. M/S.SUD CHEMIE INDIA P. LTD, COCHIN

In the result, the appeals of the Revenue are partly allowed for statistical

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

section 43(5). With regard to speculative I hedging transactions we had benefit of perusing the judgments I.T.A. Nos./ 3, 17 & 41/C/2017 of M.G. Bros. V CIT (1985) 1564 ITR 695/20 Taxman 90 (AP), Nuddea Mills Co. Ltd. V. CIT (1988) 171 ITR 169 (1987) 35 Taxman 3 (Cal), Delhi Flour Mills

MALABAR CEMENTS LIMITED,PALAKKAD vs. ACIT, PALAKKAD

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

43. In sections 28 to 41 and in this section, unless the context otherwise requires— ………………… (6) "written down value" means— (a) ………………… (b) in the case of assets acquired before the previous year, the actual cost to the assessee less all depreciation

MALABAR CEMENTS LTD,WALAYAR vs. ACIT, CIRCLE-1, PALAKKAD, PALAKKAD

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

43. In sections 28 to 41 and in this section, unless the context otherwise requires— ………………… (6) "written down value" means— (a) ………………… (b) in the case of assets acquired before the previous year, the actual cost to the assessee less all depreciation

MALABAR CEMENTS LTD,WALAYAR vs. ACIT, CIRCLE-1, PALAKKAD, PALAKKAD

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

43. In sections 28 to 41 and in this section, unless the context otherwise requires— ………………… (6) "written down value" means— (a) ………………… (b) in the case of assets acquired before the previous year, the actual cost to the assessee less all depreciation

MALABAR CEMENTS LTD,WALAYAR vs. ACIT, CIRCLE-1, PALAKKAD, PALAKKAD

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

43. In sections 28 to 41 and in this section, unless the context otherwise requires— ………………… (6) "written down value" means— (a) ………………… (b) in the case of assets acquired before the previous year, the actual cost to the assessee less all depreciation

SMT.K.B.SONY,COCHIN vs. THE DCIT, COCHIN

In the result, i) The appeal of the assessee in ITA No

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

depreciation of Rs.2,22,644/- which was included in Rs.3,18,064.50. Hence, addition of Rs. 2,22,644/- may be deleted. I.T.A. Nos. 383 -386, 322-324, 319-321 &, 387-390/C/2015 24.4 The Ld AR submitted that in exercise of the powers conferred by section 295 of the Income tax Act, 1961 (43

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

depreciation allowance is, subject to the provisions of section 34, permissible only in respect of certain assets specified therein, namely, buildings, machinery, plant and furniture owned by the assessee and used for the purpose of business while section 43

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

depreciation allowance is, subject to the provisions of section 34, permissible only in respect of certain assets specified therein, namely, buildings, machinery, plant and furniture owned by the assessee and used for the purpose of business while section 43

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

depreciation allowance is, subject to the provisions of section 34, permissible only in respect of certain assets specified therein, namely, buildings, machinery, plant and furniture owned by the assessee and used for the purpose of business while section 43

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

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

depreciation allowance is, subject to the provisions of section 34, permissible only in respect of certain assets specified therein, namely, buildings, machinery, plant and furniture owned by the assessee and used for the purpose of business while section 43

THE DCIT, COCHIN vs. M/S.ASPINWALL & CO. LTD, COCHIN

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

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

43,18,200/-, provision for lease rent of Rs.61,00,000/- and provision for bad debts of Rs.36,55,248/- for the purposes of arriving at the book profit u/s. 115JB, treating the same as a provision for an unascertained liability. I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 9.1 The AO made this addition observing that the provision towards lease rent

M/S ASPINWALL & CO.,LTD,COCHIN vs. THE ACIT, COCHIN

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

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

43,18,200/-, provision for lease rent of Rs.61,00,000/- and provision for bad debts of Rs.36,55,248/- for the purposes of arriving at the book profit u/s. 115JB, treating the same as a provision for an unascertained liability. I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 9.1 The AO made this addition observing that the provision towards lease rent

ASPINWALL & COMPANY LTD,COCHIN vs. THE ACIT, COCHIN

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

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

43,18,200/-, provision for lease rent of Rs.61,00,000/- and provision for bad debts of Rs.36,55,248/- for the purposes of arriving at the book profit u/s. 115JB, treating the same as a provision for an unascertained liability. I.T.A. Nos. 60&61/Coch/2015 & 128 & 133/Coch/2017 9.1 The AO made this addition observing that the provision towards lease rent