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357 results for “depreciation”+ Set Off of Lossesclear

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Addition to Income61 Section 143(3)55 Depreciation51 Disallowance40 Section 26338 Deduction38 Section 115J27 Section 143(2)24 Section 80I23 Section 153A22 Section 14822 Section 36(1)(vii)20

ICOMM TELE LIMITED,HYERABAD vs. DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1), HYDERABAD

In the result, appeal of the revenue in ITA No

ITA 1040/HYD/2017[2004-05]Status: DisposedITAT Hyderabad22 Jul 2021AY 2004-05

Bench: Shri Satbeer Singh Godara & Laxmi Prasad Sahuassessment Year: 2009-10 Dy. Commissioner Of Vs. Icomm Tele Ltd., Income-Tax, Circle – 2(1), Hyderabad. Hyderabad. Pan – Aaeca 1326Q (Appellant) (Respondent)

For Appellant: Shri NarayanamurthyFor Respondent: Shri R. Dipak and Shri Sunil Kumar Pandey

Section 143(3)Section 154Section 244A

set off of losses and pass appropriate assessment orders and re-compute book profits accordingly. The present assessment orders under appeal were passed in consequence of above referred 263 order. 9.1 During the reassessment proceedings, the AO asked the assessee to furnish details of brought forward business losses and unabsorbed depreciation

DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1), HYDERABAD vs. ICOMM TELE LIMITED, HYERABAD

In the result, appeal of the revenue in ITA No

ITA 1281/HYD/2017[2009-10]Status: DisposedITAT Hyderabad22 Jul 2021AY 2009-10

For Appellant: Shri NarayanamurthyFor Respondent: Shri R. Dipak and Shri Sunil Kumar Pandey

Section 143(3)Section 154Section 244A

ICOMM TELE LIMITED,HYERABAD vs. DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1), HYDERABAD

In the result, appeal of the revenue in ITA No

ITA 1041/HYD/2017[2005-06]Status: DisposedITAT Hyderabad22 Jul 2021AY 2005-06

For Appellant: Shri NarayanamurthyFor Respondent: Shri R. Dipak and Shri Sunil Kumar Pandey

Section 143(3)Section 154Section 244A

NITEN KUMAR GOEL,SECUNDERABAD vs. INCOME TAX OFFICER, WARD-10(3), HYDERABAD

In the result, the appeal of assessee is allowed

ITA 1502/HYD/2017[2012-13]Status: DisposedITAT Hyderabad11 Jul 2018AY 2012-13

Bench: Shri B. Ramakotaiah

For Appellant: Shri A.V. Raghu Ram, ARFor Respondent: Shri D. Prasad Rao, Sr.AR-II

Section 271(1)(c)

loss of Rs.7,91,016/- and depreciation of Rs.1,30,141/- for the A.Y.2010-11 against the business income. Depreciation pertaining to A.Y.2010-11 of Rs.2,48,755/- was also claimed as set

AET LABORATORIES PRIVATE LIMITED, MEDAK,MEDAK vs. DCIT, CIRCLE-8(1), HYDERABAD, HYDERABAD

In the result, appeal filed by the assessee is partly allowed for statistical purposes

ITA 963/HYD/2017[2010-11]Status: DisposedITAT Hyderabad26 Aug 2024AY 2010-11

Bench: Shri Laliet Kumar & Shri Manjunatha, G.आ.अपी.सं /Ita No.963/Hyd/2017 (िनधा"रण वष"/Assessment Year: 2010-11) Aet Laboratories (P) Ltd Vs. Dy. C. I. T. Medak Circle 8(1) Pan:Aadcm6591L Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri A Srinivas, Ca राज" व "ारा/Revenue By:: Shri Srinath Sadanala, Dr सुनवाई की तारीख/Date Of Hearing: 26/08/2024 घोषणा की तारीख/Pronouncement: 26/08/2024 आदेश/Order

For Appellant: Shri A Srinivas, CAFor Respondent: : Shri Srinath Sadanala, DR

Section 10B

setting off brought forward loss and depreciation. The Commissioner of Income Tax (Appeals) ought to have seen that deduction u/s.10B

DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(1), HYDERABAD vs. NSL RENEWABLE POWER PRIVATE LIMITED, HYDERABAD

In the result, the appeals of the revenue are partly allowed for statistical purposes in above terms

ITA 165/HYD/2020[2014-15]Status: DisposedITAT Hyderabad03 Sept 2021AY 2014-15

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

For Appellant: Shri Aliasgar RampurwalaFor Respondent: Shri P. Chandra Sekhar

Section 115JSection 143(3)Section 14ASection 80I

depreciation etc. …… 17. Respectfully following the above decisions, we hold that the loss of the eligible units cannot be set

DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(1), HYDERABAD vs. NSL RENEWABLE POWER PRIVATE LIMITED, HYDERABAD

In the result, the appeals of the revenue are partly allowed for statistical purposes in above terms

ITA 166/HYD/2020[2016-17]Status: DisposedITAT Hyderabad03 Sept 2021AY 2016-17

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

For Appellant: Shri Aliasgar RampurwalaFor Respondent: Shri P. Chandra Sekhar

Section 115JSection 143(3)Section 14ASection 80I

depreciation etc. …… 17. Respectfully following the above decisions, we hold that the loss of the eligible units cannot be set

ROCKSALT INTERACTIVE GAMES PRIVATE LIMITED ,HYDERABAD vs. INCOME TAX OFFICER, WARD-3(2) , HYDERABAD

In the result, the appeal of the assessee is allowed

ITA 403/HYD/2020[2015-16]Status: DisposedITAT Hyderabad12 Dec 2022AY 2015-16

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarm/S. Rocksalt Interactive Income Tax Officer, Vs. Games Pvt. Ltd., Ward 3(2), Hyderabad. Hyderabad. Pan Aafcr3033A (Appellant) (Respondent) Appellant By : Shri P. Murali Mohan Rao, C.A. Respondent By : Shri Vijay Bhaskar Reddy, Cit-Dr Date Of Hearing : 16.11.2022 Date Of Pronouncement : 12.12.2022 O R D E R Per Shri Laliet Kumar, J.M. : This Appeal Filed By The Assessee Is Directed Against The Order Dt.30.03.2020 Of The Learned Pr. Commissioner Of Income Tax/Cit-3, Hyderabad Relating To Assessment Year 2015-16 U/S. 263 Of The Income Tax Act, 1961 (In Short ‘The Act’).

For Appellant: Shri P. Murali Mohan RaoFor Respondent: Shri Vijay Bhaskar

Section 139Section 139(1)Section 263Section 72Section 73Section 73ASection 74Section 74ASection 80

losses and unabsorbed depreciation of earlier years amounting to Rs.72,53,049. The Assessing Officer completed the assessment vide assessment order dt.15.11.2017 by accepting the income returned by the assessee. The PCIT/CIT-3, Hyderabad called for the records and found that the income was set

YERRAM VENKATA SUBBA REDDY ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-14(1), HYDERABAD

In the result assessee’s appeal is partly allowed

ITA 1119/HYD/2018[2013-14]Status: DisposedITAT Hyderabad04 Nov 2020AY 2013-14

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

For Appellant: Sri S. Rama Rao, AdvFor Respondent: Sh. Rajendra Kumar, D.R

Section 143(1)Section 143(3)Section 263Section 32(1)Section 43(6)Section 50C

loss from the income of the individual. He submitted that what has been claimed is the unabsorbed depreciation carried forward from earlier years and, therefore, the Pr.CIT’s order on this issue is not sustainable. He relied upon the following decisions in support of his contentions that unabsorbed depreciation can be set

SUNSHINE GRANITES PRIVATE LIMITED ,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX ,CENTRAL CIRCLE-1(2), HYDERABAD

Appeal is allowed

ITA 61/HYD/2022[2013-14]Status: DisposedITAT Hyderabad13 Feb 2024AY 2013-14

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Charyआ.अपी.सं / Ita No. 61/Hyd/2022 (निर्धारण वर्ा / Assessment Year: 2013-14) M/S. Sunshine Granites Vs. Deputy Commissioner Of Private Limited, Income Tax, Karimnagar Central Circle-1(2), [Pan No. Aaocs6148Q] Hyderabad अपीलधर्थी / Appellant प्रत्‍यर्थी / Respondent निर्धाररती द्वधरध / Assessee By: Shri A. Srinivas, Ar रधजस्‍व द्वधरध / Revenue By: Shri Kumar Aditya, Dr सुिवधई की तधरीख/Date Of Hearing: 07/02/2024 घोर्णध की तधरीख/Pronouncement On: 13/02/2024

For Appellant: Shri A. Srinivas, ARFor Respondent: Shri Kumar Aditya, DR

Section 143(3)Section 263Section 79

depreciation loss, any opinion of learned CIT(A) on this aspect is immaterial, and suffice it to cause verification whether the carry forward losses of assessment year 2012-13 sought to be set

NSL RENEWABLE POWER PRIVATE LIMITED,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX, CIRCLE-16(1), HYDERABAD

In the result, assessee’s appeal is allowed

ITA 2146/HYD/2017[2010-11]Status: DisposedITAT Hyderabad14 Aug 2019AY 2010-11

Bench: Smt. P. Madhavi Devi & Shri S.Rifaur Rahmanassessment Year:2010-11

For Appellant: Sri Aman BarasiaFor Respondent: Sri Y.V.S.T. Sai, CIT-DR

Section 115JSection 143(1)Section 143(3)Section 154Section 80I

depreciation has to be reduced for computing the profit eligible for deduction u/s 80IA of the Act. Applying the same rationale, he submitted Page 6 of 14 ITA No 2146 of 2017 NSL Renewable Power P Ltd Hyderabad that the loss of eligible unit has to be set

BBR PROJECTS PRIVATE LIMITED,HYDERABAD vs. DCIT., CIRCLE-1(1), HYDERABAD

In the result, appeal of the assessee is allowed in part and for statistical purposes

ITA 367/HYD/2023[2015-16]Status: DisposedITAT Hyderabad06 Feb 2025AY 2015-16

Bench: Shri Manjunatha. G & Shri K. Narasimha Chary

For Appellant: Shri P. Murali Mohan Rao, ARFor Respondent: Shri Suresh Babu KN, Sr. AR

Section 115JSection 143(3)

set off of the brought forward losses and the unabsorbed depreciation. When a loss, a negative income is permissible to be set

ACIT., CIRCLE-5(1), HYDERABAD vs. LAHARI HOLIDAY HOMES (P) LIMITED, HYDERABAD

In the result, the appeal filed by the Revenue is dismissed, in terms of our above observation

ITA 600/HYD/2025[2021-22]Status: DisposedITAT Hyderabad08 Oct 2025AY 2021-22

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.600/Hyd/2025 (िनधा"रण वष"/Assessment Year:2021-22) Asst. Commissioner Of M/S. Lahari Holiday Homes Income Tax, Circle 5(1), Vs. (P) Ltd., Hyderabad. Hyderabad. Pan: Aaacl8925C (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri J J Varun, C.A. राज" व "ारा/Revenue By: Dr. Narendra Kumar Naik, Cit-Dr सुनवाई की तारीख/Date Of Hearing: 16/09/2025 घोषणा की तारीख/Pronouncement: 08/10/2025

For Appellant: Shri J J Varun, C.AFor Respondent: Dr. Narendra Kumar Naik

Section 115BSection 139Section 139(5)

set- off of losses attributable to additional depreciation or specified deductions, not regular losses. He accordingly prayed for dismissal of the Revenue

PONAPULA SULOCHANA LR LATE P SANJEEVA PARTHASARATHY,HYDERABAD vs. ASSISTANT COMMISSIONER OF TAX ,CENTRAL CIRCLE-3(2), HYDERABAD

In the result, the appeal of assessee for A

ITA 294/HYD/2021[2016-17]Status: DisposedITAT Hyderabad26 Nov 2025AY 2016-17

Bench: SHRI G. MANJUNATHA, HON’BLE (Accountant Member), SHRI RAVISH SOOD, HON’BLE (Judicial Member)

Section 132Section 139Section 139(1)Section 143(3)Section 153ASection 153A(1)(a)Section 153DSection 80

set-off of brought-forward losses and carry forward of unabsorbed depreciation and business losses are governed by Section 72 r.w.s

PONNAPULA SULOCHANA, L/R OF LATE PONNAPULA SANJEEVA PARTHASARATHY,HYDERABAD vs. ACIT ,CENTRAL CIRCLE -3(2), HYDERABAD

In the result, the appeal of assessee for A

ITA 295/HYD/2021[2017-18]Status: DisposedITAT Hyderabad26 Nov 2025AY 2017-18

Bench: SHRI G. MANJUNATHA, HON’BLE (Accountant Member), SHRI RAVISH SOOD, HON’BLE (Judicial Member)

Section 132Section 139Section 139(1)Section 143(3)Section 153ASection 153A(1)(a)Section 153DSection 80

set-off of brought-forward losses and carry forward of unabsorbed depreciation and business losses are governed by Section 72 r.w.s

SHRI GAYATRI CONSTRUCTIONS,NELLORE vs. DCIT., CIRCLE-1, NELLORE

In the result, the appeal of assessee for A

ITA 294/HYD/2024[AY 2018-19]Status: HeardITAT Hyderabad07 Jan 2025

Bench: SHRI LALIET KUMAR (Judicial Member), SHRI MADHUSUDAN SAWDIA (Accountant Member)

Section 132Section 139Section 139(1)Section 143(3)Section 153ASection 153A(1)(a)Section 153DSection 80

set-off of brought-forward losses and carry forward of unabsorbed depreciation and business losses are governed by Section 72 r.w.s

JT. COMMISSIONER OF INCOME TAX(OSD), CENTRAL CIRLCE -1(2) , HYDERABAD vs. AMSRI BUILDERS, SECUNDERABAD

In the result, appeal of the revenue is allowed for statistical purposes in above terms

ITA 1105/HYD/2018[2012-13]Status: DisposedITAT Hyderabad05 May 2022AY 2012-13

Bench: Shri Laxmi Prasad Sahu & Shri K. Narasimha Chary

For Appellant: Shri Y.V.S.T. SaiFor Respondent: S/Shri K.C. Devdas

Section 139(1)Section 143(3)Section 153A

depreciation should be carry forward u/s.32(2) of the IT Act. Therefore, on that point also the assessing officer is not justified to ignore the same. " :- 8 -: ITA Nos. 1105 & 1106/Hyd/2018 Amsri Builders, Sec’bad. 9. After considering the submissions of the assessee, the CIT(A) deleted the disallowance of loss made by the AO by observing as under

JT. COMMISSIONER OF INCOME TAX(OSD), CENTRAL CIRLCE -1(2) , HYDERABAD vs. AMSRI BUILDERS, SECUNDERABAD

In the result, appeal of the revenue is allowed for statistical purposes in above terms

ITA 1106/HYD/2018[2013-14]Status: DisposedITAT Hyderabad05 May 2022AY 2013-14

Bench: Shri Laxmi Prasad Sahu & Shri K. Narasimha Chary

For Appellant: Shri Y.V.S.T. SaiFor Respondent: S/Shri K.C. Devdas

Section 139(1)Section 143(3)Section 153A

NSL RENEWABLE POWER PRIVATE LIMITED, HYDERABAD,HYDERABAD vs. DCIT, CIRCLE-16(1), HYDERABAD, HYDERABAD

In the result, assessee’s appeal is partly allowed

ITA 988/HYD/2017[2012-13]Status: DisposedITAT Hyderabad29 Sept 2020AY 2012-13

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamonyassessment Year: 2012-13

For Appellant: Sri Aliasghar RampurwalaFor Respondent: Sri Rajendra Kumar, DR

Section 115JSection 143(1)Section 143(3)Section 14ASection 154Section 271(1)Section 80I

set off of losses of 3 wind mills, considering each wind mill as a separate unit eligible for deduction u/s 80IA of the Act. Considering the facts and circumstances of this case, we are of the considered view that the assessee's claim of deduction u/s 80IA is in accordance with the provisions of section 80IA

CHANDANA CONSTRUCTIONS PRIVATE LIMITED,HYDERABAD vs. INCOME TAX OFFICER, WARD-1(4), HYDERABAD

In the result, assessee’s appeal is dismissed

ITA 377/HYD/2018[2009-10]Status: DisposedITAT Hyderabad30 Aug 2021AY 2009-10

Bench: Smt. P. Madhavi Deviassessment Year: 2009-10

For Appellant: N o n eFor Respondent: Sri Waseem-ur-Rehman,DR

Section 147Section 154Section 50Section 50CSection 72

set off of brought forward business loss against Technical Short Term Capital Gains arising out of the sale of depreciable

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