MARUTI SUZUKI INDIA LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

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

Bench: Shri Saktijit Dey & Shri N.K. Billaiya

depreciation could be used to set off against any head of income except salary. 56. The claim was denied by the Assessing Officer placing reliance on pre-amended provision of section 32 of the Act. 57. We are of the considered view that the Assessing Officer should consider the set off as per the amended provisions

DCIT, NEW DELHI vs. M/S. MARUTI SUZUKI INDIA LTD., NEW DELHI

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

Bench: Shri Shamim Yahya & Shri Kul Bharat[Assessment Year : 2010-11] Maruti Suzuki India Ltd., Vs Dcit, Plot No.1, Nelson Mandela Road, Circle-16(1), Vasant Kunj, New Delhi-110070. New Delhi. Pan-Aaacm0829Q Appellant Respondent [Assessment Year : 2010-11] Dcit, Vs Maruti Suzuki India Ltd., Circle-16(1), Plot No.1, Nelson Mandela Road, New Delhi. Vasant Kunj, New Delhi-110070. Pan-Aaacm0829Q Appellant Respondent Appellant By Shri Ajay Vohra, Sr.Adv., Shri Neeraj Jain, Adv. & Ms. Tejasvi Jain & Ms. Somya Jain, Ca Respondent By Shri G.C.Srivastava, Adv., Shri Kalrav Mehrotra, Adv. & Shri Mayank Patawari, Ca Date Of Hearing 11.11.2022 Date Of Pronouncement 09.02.2023

section 43B. thereby resulting in a double disallowance to the extent of Rs. 1,39,45,180/-. 7.4. Without prejudice, the assessing officer erred in granting the alternative deduction of depreciation

MARUTI SUZUKI INDIA LTD.,NEW DELHI vs. DCIT, NEW DELHI

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

Bench: Shri Shamim Yahya & Shri Kul Bharat[Assessment Year : 2010-11] Maruti Suzuki India Ltd., Vs Dcit, Plot No.1, Nelson Mandela Road, Circle-16(1), Vasant Kunj, New Delhi-110070. New Delhi. Pan-Aaacm0829Q Appellant Respondent [Assessment Year : 2010-11] Dcit, Vs Maruti Suzuki India Ltd., Circle-16(1), Plot No.1, Nelson Mandela Road, New Delhi. Vasant Kunj, New Delhi-110070. Pan-Aaacm0829Q Appellant Respondent Appellant By Shri Ajay Vohra, Sr.Adv., Shri Neeraj Jain, Adv. & Ms. Tejasvi Jain & Ms. Somya Jain, Ca Respondent By Shri G.C.Srivastava, Adv., Shri Kalrav Mehrotra, Adv. & Shri Mayank Patawari, Ca Date Of Hearing 11.11.2022 Date Of Pronouncement 09.02.2023

section 43B. thereby resulting in a double disallowance to the extent of Rs. 1,39,45,180/-. 7.4. Without prejudice, the assessing officer erred in granting the alternative deduction of depreciation

ACIT, CIRCLE-18(2), NOIDA vs. NOIDA TOLL BRIDGE CO. LTD., NOIDA

In the result, appeal of the assessee is allowed

Bench: Shri N.K. Billaiya & Ms. Astha Chandra

depreciation. The same is deleted. 54. In addition to the issues considered in A.Y 2006-07 ITA No. 4411/DEL/2018, in this year the assessee has challenged the disallowance of unpaid interest of Rs. 1,71,04,300/-. 55. The underlying facts in the issue are that the assessee issued deep discount bonds to the public on which interest was payable

ACIT, CIRCLE-18(2), NOIDA vs. NOIDA TOLL BRIDGE CO. LTD., NOIDA

In the result, appeal of the assessee is allowed

Bench: Shri N.K. Billaiya & Ms. Astha Chandra

depreciation. The same is deleted. 54. In addition to the issues considered in A.Y 2006-07 ITA No. 4411/DEL/2018, in this year the assessee has challenged the disallowance of unpaid interest of Rs. 1,71,04,300/-. 55. The underlying facts in the issue are that the assessee issued deep discount bonds to the public on which interest was payable

ACIT, CIRCLE-18(2), NOIDA vs. NOIDA TOLL BRIDGE CO. LTD., NOIDA

In the result, appeal of the assessee is allowed

Bench: Shri N.K. Billaiya & Ms. Astha Chandra

depreciation. The same is deleted. 54. In addition to the issues considered in A.Y 2006-07 ITA No. 4411/DEL/2018, in this year the assessee has challenged the disallowance of unpaid interest of Rs. 1,71,04,300/-. 55. The underlying facts in the issue are that the assessee issued deep discount bonds to the public on which interest was payable

ACIT, CIRCLE-18(2), NOIDA vs. NOIDA TOLL BRIDGE CO. LTD., NOIDA

In the result, appeal of the assessee is allowed

Bench: Shri N.K. Billaiya & Ms. Astha Chandra

depreciation. The same is deleted. 54. In addition to the issues considered in A.Y 2006-07 ITA No. 4411/DEL/2018, in this year the assessee has challenged the disallowance of unpaid interest of Rs. 1,71,04,300/-. 55. The underlying facts in the issue are that the assessee issued deep discount bonds to the public on which interest was payable

ACIT, CIRCLE-18(2), NOIDA vs. NOIDA TOLL BRIDGE CO. LTD., NOIDA

In the result, appeal of the assessee is allowed

Bench: Shri N.K. Billaiya & Ms. Astha Chandra

depreciation. The same is deleted. 54. In addition to the issues considered in A.Y 2006-07 ITA No. 4411/DEL/2018, in this year the assessee has challenged the disallowance of unpaid interest of Rs. 1,71,04,300/-. 55. The underlying facts in the issue are that the assessee issued deep discount bonds to the public on which interest was payable

ACIT, CIRCLE-18(2), NOIDA vs. NOIDA TOLL BRIDGE CO. LTD., NOIDA

In the result, appeal of the assessee is allowed

Bench: Shri N.K. Billaiya & Ms. Astha Chandra

depreciation. The same is deleted. 54. In addition to the issues considered in A.Y 2006-07 ITA No. 4411/DEL/2018, in this year the assessee has challenged the disallowance of unpaid interest of Rs. 1,71,04,300/-. 55. The underlying facts in the issue are that the assessee issued deep discount bonds to the public on which interest was payable

COMMISSIONER OF INCOME TAX-III vs. ARCOTECH LTD (FORMERLY SKS LTD.)

The appeal is disposed of

Section 43B of the Act. The Assessing Officer disallowed depreciation claim of Rs.89,95,173/- and claim on account of loss

M/S DALMIA CEMENT (BHARAT) LTD vs. THE COMMISSIONER OF INCOME TAX

The appeal is partly allowed

43B of the Act came into force only with effect from 1st April, 1989. The question whether the Assessee can claim a deduction on account of a statutory levy even though the same is disputed by the Assessee, is also no longer res integra. It is now well settled that the Assessee would be entitled to claim deduction on account

COMMISSIONER OF INCOME TAX vs. GUJARAT GUARDIAN LIMITED

In the result, no fault can

Bench: The Tribunal The Revenue As Well As The Assessee, Filed An Appeal Against The Order Of The Commissioner Of 2009:Dhc:240-Db

depreciation on actual cost of assets after they were adjusted for fluctuation in the rate of exchange, in terms of Section 43A of the Act. A bare perusal of paragraph 36 of the impugned judgment would show that the Tribunal as a matter of fact rejected the application of the assessee raising the additional ground for the reason that

ACIT CIRCLE-26(2), NEW DELHI vs. VIHAAN NETWORKS PVT LTD, NEW DELHI

In the result, appeal of the Revenue is dismissed and Cross Objection of the assessee is allowed

Bench: Shri M Balaganesh & Ms. Astha Chandraasstt. Year: 2011-12 Acit,Circle-26(2) Vs. Vihaan Networks Pvt. Ltd. New Delhi. A-60, Naraina Industrial Area, Phase-01, New Delhi – 110 028 Pan Aaccr2460C (Appellant) (Respondent)

section 43B (Rs. 5,56,022/-); disallowance of depreciation on Plants & Machinery (Rs. 88,26,090/-) disallowance under section 14A (Rs. 58,84,990/-) and disallowance

ACIT, NEW DELHI vs. M/S. THE FERTILIZER CORPORATION OF INDIA, NOIDA

In the result, the appeal of the revenue for A

Bench: Shri C.M. Garg & Shri M. Balaganesh

section 43B of the Act. We are in agreement with the observations of the ld. CIT(A) that there is no scope to intend something more or less than what is written in the plain language of the statute. Neither anything extra can be read into it which is not there in the statute, nor anything less can be read

DCIT, NEW DELHI vs. M/S. THE FERTILIZER CORPORATION OF INDIA LTD, NOIDA

In the result, the appeal of the revenue for A

Bench: Shri C.M. Garg & Shri M. Balaganesh

section 43B of the Act. We are in agreement with the observations of the ld. CIT(A) that there is no scope to intend something more or less than what is written in the plain language of the statute. Neither anything extra can be read into it which is not there in the statute, nor anything less can be read

ACIT, NEW DELHI vs. M/S. THE FERTILIZER CORPORATION OF INDIA, NOIDA

In the result, the appeal of the revenue for A

Bench: Shri C.M. Garg & Shri M. Balaganesh

section 43B of the Act. We are in agreement with the observations of the ld. CIT(A) that there is no scope to intend something more or less than what is written in the plain language of the statute. Neither anything extra can be read into it which is not there in the statute, nor anything less can be read

DCIT, NEW DELHI vs. M/S. THE FERTILIZER CORPORATION OF INDIA LTD, NOIDA

In the result, the appeal of the revenue for A

Bench: Shri C.M. Garg & Shri M. Balaganesh

section 43B of the Act. We are in agreement with the observations of the ld. CIT(A) that there is no scope to intend something more or less than what is written in the plain language of the statute. Neither anything extra can be read into it which is not there in the statute, nor anything less can be read

ACIT, NEW DELHI vs. M/S. THE FERTILIZER CORPORATION OF INDIA, NOIDA

In the result, the appeal of the revenue for A

Bench: Shri C.M. Garg & Shri M. Balaganesh

section 43B of the Act. We are in agreement with the observations of the ld. CIT(A) that there is no scope to intend something more or less than what is written in the plain language of the statute. Neither anything extra can be read into it which is not there in the statute, nor anything less can be read

M/S THE ORIENTAL INSSURANCE CO.LTD.,,NEW DELHI vs. DCIT, NEW DELHI

Bench: Shri Anil Chaturvedi & Shri Anubhav Sharmam/S. The Oriental Insurance Co. Ltd, Vs. The Dcit, A 25/27, Asaf Ali Road, Ltu, New Delhi New Delhi-110002 (Appellant) (Respondent) Pan: Aaact0627R

depreciation allowance claim for AY 2011-12 were on record. 4. That on facts and in law the CIT(A) erred in upholding a disallowance of Rs. 2,94,82,474/- being provision made for standard assets. 5. That on facts and in law the CIT(A) / AO erred in computing income of the Appellant under section 115JB