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284 results for “depreciation”+ Set Off of Lossesclear

Sorted by relevance

Mumbai3,627Delhi2,763Chennai1,202Bangalore1,198Kolkata723Ahmedabad490Hyderabad284Jaipur264Pune216Karnataka203Chandigarh162Raipur160Surat136Indore108Cuttack87Visakhapatnam81Cochin65SC60Amritsar58Lucknow57Rajkot49Ranchi46Nagpur39Telangana36Jodhpur31Guwahati31Allahabad17Patna16Kerala16Dehradun15Panaji13Agra10Calcutta10Jabalpur7Varanasi7Punjab & Haryana4Orissa4Rajasthan2ASHOK BHAN DALVEER BHANDARI1Gauhati1Tripura1Himachal Pradesh1D.K. JAIN H.L. DATTU JAGDISH SINGH KHEHAR1

Key Topics

Addition to Income64Section 143(3)61Depreciation49Disallowance45Deduction39Section 14A33Section 143(2)27Section 26327Section 153A25Section 115J

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

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

Showing 1–20 of 284 · Page 1 of 15

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Section 14823
Section 36(1)(vii)22

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

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

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

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 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

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

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

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

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

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

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

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 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

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 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

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

MEENAKSHI ENERGY AND INFRASTRUCTURE HOLDINGS PRIVATE LIMITED,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-5(1), HYDERABAD

In the result, appeal filed by the assessee is allowed

ITA 291/HYD/2024[2018-19]Status: DisposedITAT Hyderabad27 Jun 2024AY 2018-19

Bench: Shri Laliet Kumar & Shri Manjunatha, G.आ.अपी.सं /Ita No.291/Hyd/2024 (निर्धारण वर्ा/Assessment Year: 2018-19) Meenakshi Energy & Vs. Dy. C. I. T. Infrastructure Holdings (P) Circle 5 (1) Ltd, Hyderabad Hyderabad Pan:Aafcm6917L (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Advocate Shri A.V. Raghuram रधजस् व द्वधरध/Revenue By:: Shri K.Meghanath Chowhan,(Cit)Dr सुिवधई की तधरीख/Date Of Hearing: 21/05/2024 घोर्णध की तधरीख/Pronouncement: 27/06/2024 आदेश/Order

For Appellant: Advocate Shri A.V. RaghuramFor Respondent: : Shri K.Meghanath Chowhan,(CIT)DR
Section 72(1)

set off of brought forward business loss. Therefore, he submitted that the order of the learned CIT (A) should be upheld. 10. We have heard both the parties, perused the material available on record and gone through the orders of the authorities below. There is no dispute with regard to the fact that the memorandum of association of the appellant

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD vs. ASCEND TELECOM INFRASTRUCTURE PRIVATE LIMITED , SECUNDERABAD

Appeal of the assessee is allowed for statistical purposes

ITA 552/HYD/2020[2010-11]Status: DisposedITAT Hyderabad05 Sept 2024AY 2010-11

Bench: Shri Laliet Kumar & Shri Manjunatha, G.आ.अपी.सं /Ita No.552/Hyd/2020 (िनधा"रण वष"/Assessment Year: 2010-11) Asstt. Commissioner Of Vs. Ascend Telecom Income Tax, Central Circle Infrastructure (P) Ltd 3(2), Hyderabad Secunderabad Pan:Aaefa2381H (Appellant) (Respondent) आ.अपी.सं /Ita No.539/Hyd/2020 (िनधा"रण वष"/Assessment Year: 2010-11) Ascend Telecom Vs. Asstt. Commissioner Of Infrastructure (P) Ltd Income Tax, Central Secunderabad Circle 3(2), Hyderabad Pan:Aaefa2381H (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri K.R. Vasudevan राज" व "ारा/Revenue By:: Smt. T Vijayalakshmi, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 05/09/2024 घोषणा की तारीख/Pronouncement: 05/09/2024 आदेश/Order Per Manjunatha, G. A.M These Are Cross Appeals Filed By Both The Assessee As Well As The Revenue For The A.Y 2010-11 Against The Common Order Dated 31/07/2020 Of The Learned Cit (A) 11 Hyderabad.

For Appellant: Shri K.R. VasudevanFor Respondent: : Smt. T Vijayalakshmi, CIT(DR)
Section 132Section 143(2)Section 143(3)Section 153A

set off of brought forward losses of Amalgamating and Amalgamated company in terms of section 72A of the I.T. Act, 1961 r.w.s 79 of the I.T. Act, 1961. The learned AR submitted that the appellant has filed all the details with respect to brought forward business loss and unabsorbed depreciation

ASCEND TELECOM INFRASTRUCTURE PRIVATE LIMITED ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD

Appeal of the assessee is allowed for statistical purposes

ITA 539/HYD/2020[2010-11]Status: DisposedITAT Hyderabad05 Sept 2024AY 2010-11

Bench: Shri Laliet Kumar & Shri Manjunatha, G.आ.अपी.सं /Ita No.552/Hyd/2020 (िनधा"रण वष"/Assessment Year: 2010-11) Asstt. Commissioner Of Vs. Ascend Telecom Income Tax, Central Circle Infrastructure (P) Ltd 3(2), Hyderabad Secunderabad Pan:Aaefa2381H (Appellant) (Respondent) आ.अपी.सं /Ita No.539/Hyd/2020 (िनधा"रण वष"/Assessment Year: 2010-11) Ascend Telecom Vs. Asstt. Commissioner Of Infrastructure (P) Ltd Income Tax, Central Secunderabad Circle 3(2), Hyderabad Pan:Aaefa2381H (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri K.R. Vasudevan राज" व "ारा/Revenue By:: Smt. T Vijayalakshmi, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 05/09/2024 घोषणा की तारीख/Pronouncement: 05/09/2024 आदेश/Order Per Manjunatha, G. A.M These Are Cross Appeals Filed By Both The Assessee As Well As The Revenue For The A.Y 2010-11 Against The Common Order Dated 31/07/2020 Of The Learned Cit (A) 11 Hyderabad.

For Appellant: Shri K.R. VasudevanFor Respondent: : Smt. T Vijayalakshmi, CIT(DR)
Section 132Section 143(2)Section 143(3)Section 153A

set off of brought forward losses of Amalgamating and Amalgamated company in terms of section 72A of the I.T. Act, 1961 r.w.s 79 of the I.T. Act, 1961. The learned AR submitted that the appellant has filed all the details with respect to brought forward business loss and unabsorbed depreciation

COROMANDEL INTERNATIONAL LIMITED,HYDERABAD vs. DCIT., CIRCLE-2(2), HYDERABAD

In the result the appeal of the assessee is partly allowed for statistical purposes

ITA 738/HYD/2025[2015-2016]Status: DisposedITAT Hyderabad18 Mar 2026AY 2015-2016

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdiaआयकर अपीलसं./I.T.A. No.738/Hyd/2025 ("नधा"रणवष"/ Assessment Year:2015-16) Coromandel International Vs. Dcit, Limited, Circle-2(2), Hyderabad. Hyderabad. Pan: Aaacc7852K (अपीलाथ"/ Appellant) (""यथ"/ Respondent) करदाताका""त"न"ध"व/ : Shri Sp Chidambaram, Advocate Assessee Represented By राज"वका""त"न"ध"व/ : Ms. U. Mini Chandran, Cit-Dr Department Represented By सुनवाईसमा"तहोनेक""त"थ/ : 02/03/2026 Date Of Conclusion Of Hearing घोषणा क" तार"ख/ : 18/03/2026 Date Of Pronouncement Order Per Madhusudan Sawdia, A.M.: This Appeal Is Filed By Coromandel International Limited (“The Assessee”), Feeling Aggrieved By The Order Passed By The Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi (“Ld. Cit(A)”) Dated 24/02/2025 For The Assessment Year (“A.Y.”) 2015-16. Page 1 Of 17 Coromandel International Limited Vs. Dcit 2. The Assessee Has Raised The Following Grounds Of Appeal:

Section 250Section 32Section 32(1)(ii)Section 35

depreciable intangible asset under Section 32(1)(ii), on account of a procedural lapse, is in clear contravention of statutory provisions and settled judicial principles, and therefore untenable in law. 3. Denial of set-off of loss