CIT vs. ANSAL PROPERTIES & INFRASTRUCTURE LTD

The appeals are disposed of

depreciation as prescribed in the table, the assessee would be justified in seeking adjustment in the matter of working out the capital gains.‖ 26. Learned counsel for the Revenue has relied upon Section 32 of the Act and has submitted that the effect of the said Section should be examined while computing short term capital gains and interpreting Section 50

COMMISSIONER OF INCOME TAX vs. ANSAL PROPERTIES & INFRASTRUCTURE LTD

The appeals are disposed of

depreciation as prescribed in the table, the assessee would be justified in seeking adjustment in the matter of working out the capital gains.‖ 26. Learned counsel for the Revenue has relied upon Section 32 of the Act and has submitted that the effect of the said Section should be examined while computing short term capital gains and interpreting Section 50

INCOME TAX vs. LIMITED

The appeal is dismissed

depreciable assets forming part of “block of assets” notwithstanding the provisions of Section 2 (42A) to which sections 48 and 49 of the Act apply subject to the modifications contained in sub-section (1) (i) to (ii) of Section 50

COMMISSIONER OF INCOME TAX DELHI IV vs. EASTMAN INDUSTRIES LTD.

The appeal is dismissed

depreciable assets forming part of “block of assets” notwithstanding the provisions of Section 2 (42A) to which sections 48 and 49 of the Act apply subject to the modifications contained in sub-section (1) (i) to (ii) of Section 50

COMMISSIONER OF INCOME TAX vs. ECE INDUSTRIES LTD.

Bench: HON'BLE MR. JUSTICE A.K.SIKRI,HON'BLE MR. JUSTICE SURESH KUMAR KAIT

Section 50 which deals with computation of capital gains in case of depreciable assets. Other special provision is contained in Section

Commissioner of Income Tax vs. ECE Industries Limited

Section 50 which deals with computation of capital gains in case of depreciable assets. Other special provision is contained in Section

CIT vs. DHARAMPAL SATYAPAL

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

Section 50 of the Act enacted special provisions for computation of capital gains in the case of depreciable assets. Section

VEDANTA LTD ,GURGAON vs. ACIT, CIRCLE- 26(2), NEW DELHI

Bench: Shri N.K. Billaiya & Shri Kuldip Singh[Assessment Year: 2014-15]

50% additional depreciation disallowed by the assessing officer amounting to Rs.152.55 crores. 58. Facts show that the assessee had acquired and installed some of the new plant and machinery eligible for additional depreciation under section

COMMISSIONER OF INCOME TAX-IV vs. M/S. I. K. INTERNATIONAL PVT. LTD

depreciation either in Section 2(11) or in Section 32(1) and (iii) the provisions of Section 50 are applicable

M.M.METACRAFT PVT. LTD,NEW DELHI vs. DCIT, NEW DELHI

In the result, appeal of assessee is allowed

50% additional depreciation claimed in the assessment year 2012-13. Calculation of same is as under:- Particulars Amount Additional Depreciation Plant & Machinery 5,12,39,704.95 5,12,39,704.95*20%* 1/2= purchased during the 51,23,970.49 Assessment year 2011-12 for less than 180 days Total 51,23,970.49 Section

INCOME TAX OFFICER, DELHI vs. AMIRA APPARELS LTD, DELHI

In the result, this appeal is partly allowed

Bench: Shrimahavir Singh, Hon’Ble & Shrisanjay Awasthiआ.अ.सं/.I.T.A No.4473/Del/2025 िनधा"रणवष"/Assessment Year:2017-18 बनाम Income Tax Officer, Amira Apparels Ltd. Room No.375, Central Revenue Building, Vs. 1/16, East Patel Nagar, I.P. Estate, New Delhi. New Delhi. Pan No.Aaaca2992A अपीलाथ" Appellant ""यथ"/Respondent

Section 50 reveals that any depreciable asset, as in this case, would be subjected to the provisions of Section 50

DCIT, CIRCLE-11(1), NEW DELHI vs. HALDIRAM SNACKS PVT. LTD., NEW DELHI

In the result, the Revenue’s appeal is dismissed

Bench: Shri N.K. Billaiya & Ms. Astha Chandraassessment Year: 2015-16

50% of additional 20% depreciation (i.e. 10% additional depreciation) under section 32(1)(iia) in AY 2007-08and allowance

PALIWAL OVERSEAS PVT. LTD.,PANIPAT vs. DCIT, CIRCLE, PANIPAT

In the result, Revenue’s appeal being ITA No

Bench: Shri Kul Bharat & Shri Pradip Kumar Kediaassessment Year: 2011-12

section 22 read with 23 of the Income Tax and 50% of depreciation respectively by completely overlooking the reasons detailed

ACIT, CIRCLE, PANIPAT vs. PALIWAL OVERSEAS PVT. LTD., PANIPAT

In the result, Revenue’s appeal being ITA No

Bench: Shri Kul Bharat & Shri Pradip Kumar Kediaassessment Year: 2011-12

section 22 read with 23 of the Income Tax and 50% of depreciation respectively by completely overlooking the reasons detailed

ACIT, CIRCLE, PANIPAT vs. PALIWAL OVERSEAS P.LTD, PANIPAT

In the result, Revenue’s appeal being ITA No

Bench: Shri Kul Bharat & Shri Pradip Kumar Kediaassessment Year: 2011-12

section 22 read with 23 of the Income Tax and 50% of depreciation respectively by completely overlooking the reasons detailed

ACIT, CIRCLE, PANIPAT vs. PALIWAL OVERSEAS PVT. LTD., PANIPAT

In the result, Revenue’s appeal being ITA No

Bench: Shri Kul Bharat & Shri Pradip Kumar Kediaassessment Year: 2011-12

section 22 read with 23 of the Income Tax and 50% of depreciation respectively by completely overlooking the reasons detailed

DCIT, CIRCLE, PANIPAT vs. PALIWAL OVERSEAS PVT. LTD., PANIPAT

In the result, Revenue’s appeal being ITA No

Bench: Shri Kul Bharat & Shri Pradip Kumar Kediaassessment Year: 2011-12

section 22 read with 23 of the Income Tax and 50% of depreciation respectively by completely overlooking the reasons detailed

EXL SERVICE.COM (INDIA) PVT. LTD.,NEW DELHI vs. DCIT (LTU), NEW DELHI

In the result, the appeal by the assessee as well as ofthe department are partly allowed for statistical purposes

Bench: Sh. N. K. Saini, Am & Sh. Kuldip Singh, Jm Ita No. 302/Del/2015 : Asstt. Year : 2010-11 Exl Service.Com (India) Pvt. Ltd., Vs Deputy Commissioner Of Income 414, 4Th Floor, Dlf Jasola, Tax, Large Tax Payer Unit, Tower-B, Plot No. 10 & 11, Dda New Delhi District Centre, Jasola, New Delhi-110044 (Appellant) (Respondent) Ita No. 615/Del/2015 : Asstt. Year : 2010-11 Deputy Commissioner Of Income Vs Exl Service.Com (India) Pvt. Ltd., 414, 4Th Floor, Dlf Jasola, Tower- Tax, Circle-1 (Ltu), New Delhi-110017 B, Plot No. 10 & 11, Dda District Centre, Jasola, New Delhi-110044 (Appellant) (Respondent) Pan No. Aaace5174C Assessee By : Sh. Ajay Vohra, Adv. Sh. Abhishek Agarwal, Adv. Revenue By : Sh. Piyush Jain, Cit Dr Date Of Hearing : 07.10.2017 Date Of Pronouncement : 03.01.2017 Order Per N. K. Saini, Am:

Depreciation is provided on the basis of the written down value of such block and not the w.d.v. of such individual assets. Even the event of their transfer also does not lead to automatic charging of capital gains, unless the case falls under either of two clauses of section 50