M/S CONTINENTAL DEVICE INDIA LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result, all the appeals are partly allowed

Bench: Shri N.K. Saini & Shri A.T. Varkey

depreciation with reference to an enhanced cost), the actual cost to the assessee shall be such an amount as the [Assessing] Officer may, with the previous approval of the 4[Joint Commissioner], determine having regard to all the circumstances of the case.” 10 Therefore, sub-section (1) of section 43

M/S CONTINENTAL DEVICE INDIA LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, all the appeals are partly allowed

Bench: Shri N.K. Saini & Shri A.T. Varkey

depreciation with reference to an enhanced cost), the actual cost to the assessee shall be such an amount as the [Assessing] Officer may, with the previous approval of the 4[Joint Commissioner], determine having regard to all the circumstances of the case.” 10 Therefore, sub-section (1) of section 43

COMMISSIONER OF INCOME TAX vs. WOODWARD GOVERNOR INDIA PVT. LTD.

The appeal is dismissed

depreciation or investment allowance in the context of Section 43-A of the Act. (e) The amendment to Section 43

COMMISSIONER OF INCOME TAX vs. INDIA PVT. LTD.

The appeal is dismissed

depreciation or investment allowance in the context of Section 43-A of the Act. (e) The amendment to Section 43

CIT vs. DHARAMPAL SATYAPAL

Bench: HON'BLE DR. JUSTICE S.MURALIDHAR,HON'BLE MR. JUSTICE VIBHU BAKHRU

depreciable assets. He further referred to the CBDT Circular No. 469 dated 23rd September, 1986 and drew the attention of this Court to the illustrations explaining the working of the concept of ‘block of assets’ provided therein. He argued that prior to 1st April, 2000 the provisions of Section 50 and Section 43

STEEL AUTHORITY OF INDIA LTD vs. COMISSIONER OF INCOME TAX

The appeals are dismissed with no costs

depreciation on the reduced cost in terms of Explanation 10 to Section 43(1) and Section 32 of the Act?” 6. The main

STEEL AUTHORITY OF INDIA LTD vs. COMISSIONER OF INCOME TAX

The appeals are dismissed with no costs

depreciation on the reduced cost in terms of Explanation 10 to Section 43(1) and Section 32 of the Act?” 6. The main

STEEL AUTHORITY OF INDIA LTD vs. COMMISSIONER OF INCOME TAX

The appeals are dismissed with no costs

Bench: HON'BLE MR. JUSTICE SANJIV KHANNA,HON'BLE MR. JUSTICE R.V.EASWAR

depreciation on the reduced cost in trms of Explanation 10 to Section 43(1) and Section 32 of the Act?" 6. The main

M/S. CONTINENTAL DEVICE INDIA LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: : Shri Bhavnesh Saini & Shri L.P. Sahu

depreciation with reference to an enhanced cost), the actual cost to the assessee shall be such an amount as the [Assessing] Officer may, with the previous approval of the [Joint Commissioner], determine having regard to all the circumstances of the case.” 10. Therefore, sub-section (1) of section 43

M/S. CONTINENTAL DEVICE INDIA LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Sh. N. K. Saini, Am & Sh. Kuldip Singh, Jm It(Tp)A No. 5623/Del/2012 : Asstt. Year : 2008-09 M/S Continental Device India Ltd., Vs Dy. Commissioner Of Income Tax C-120, Naraina Industrial Area, Circle-3(1), New Delhi-110028 New Delhi (Appellant) (Respondent) Pan No. Aaacc1835E Assessee By : Sh. R. K. Kapoor, Ca Revenue By : Sh. Ravi Jain, Cit Dr Date Of Hearing : 28.10.2015 Date Of Pronouncement : 31.12.2015 Order Per N. K. Saini, Am:

depreciation with reference to an enhanced cost), the actual cost to the assessee shall be such an amount as the [Assessing] Officer may, with the previous approval of the [Joint Commissioner], determine having regard to all the circumstances of the case.” 10. Therefore, sub-section (1) of section 43

ASIA SUGAR INDUSTRIES PVT. LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, the appeal of the assessee is dismissed

Bench: Shri Amit Shukla & Shri O.P. Kantassessment Year: 2011-12 M/S. Asia Sugar Industries Vs. Acit, Pvt. Ltd., Central Circle-5, New Delhi 6-B, Jor Bagh Lane, New Delhi Pan :Aaaca2286D (Appellant) (Respondent)

43 defines, for the purpose of Sections 28 to 41, certain terms. These latter provisions fall in Chapter IV, in Section D, which deal with computation of business income. The said provisions provide for 16 matters relating to computation of such income, rent taxes, insurance of buildings, repairs of plant and machinery, depreciation

AREVA T & D INDIA LTD vs. THE COMMISSIONER OF INCOME TAX-II

Appeals are dismissed in favour of the assessee and

depreciation of buildings, machinery, plant or furniture, being tangible assets or know-how, patents, copyrights, trade marks, licences, franchises or any other business or commercial rights of similar nature, being intangible assets allowable to the predecessor and the successor in the case of succession referred to in [clause (xiii), Clause (xiiib) and Clause (xiv)] of Section 47 or Section

TITANOR COMPONENTS LTD.) vs. CIT AND ANOTHER

The appeals are dismissed

depreciation allowance); Section 32A(investment allowance), Section 33(development rebate allowance), and Section 41 (balancing charge). 13."Actual cost" of an asset has no relevancy in relation to Section 36(1)(iii) of the 1961 Act. This reasoning flows from a bare reading of Section 43

M/S TITANOR COMPONENTS LTD vs. CIT & ANR

The appeals are dismissed

depreciation allowance); Section 32A(investment allowance), Section 33(development rebate allowance), and Section 41 (balancing charge). 13."Actual cost" of an asset has no relevancy in relation to Section 36(1)(iii) of the 1961 Act. This reasoning flows from a bare reading of Section 43

GEODIS OVERSEAS PVT. LTD.,GURGAON vs. DCIT, NEW DELHI

The appeal of the assessee is allowed

Bench: Shri N. K. Billaiya & Ms Suchitra Kamble

depreciation under that section. 43. The relevant observation of the Hon’ble High Court from para 12 to 15 are as under

COMMISSIONER OF INCOME TAX (C) - II vs. MIRA EXIM LTD.

Bench: HON'BLE MR. JUSTICE SANJIV KHANNA,HON'BLE MR. JUSTICE SANJEEV SACHDEVA

depreciation on the motor cars. 8. We have, however, examined Explanation 7 to-Section 43(1) •and Explanation 2(b) to Section

COMMISSIONER OF INCOME TAX (C) - II vs. MIRA EXIM LTD.

depreciation on the motor cars. 8. We have, however, examined Explanation 7 to-Section 43(1) •and Explanation 2(b) to Section

COMMISSIONER OF INCOME TAX (C) - II vs. MIRA EXIM LTD.

depreciation on the motor cars. 8. We have, however, examined Explanation 7 to-Section 43(1) •and Explanation 2(b) to Section