Search: depreciation

3 results for “depreciation”+ Section 80Pclear

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Key Topics

Section 80P8 Section 80P(2)(a)6 Section 143(3)3 Deduction3 Addition to Income3 Section 372 Depreciation2 Disallowance2

M/S M.P. STATE COOPERATIVE HOUSING FEDERATION SOCIETY,BHOPAL vs. THE ACIT 1(1), BHOPAL

In the result, the appeal of the revenue and the appeal of the assessee fail and are dismissed

ITA 1051/IND/2016[2013-14]Status: DisposedITAT Indore27 Mar 2017AY 2013-14

Bench: Shri C.M. Garg & Shri O.P. Meena

Section 143(3)Section 80PSection 80P(2)(a)

section 80P of the Income tax Act, 1961, the Hon'ble Court has observed that the interest earned out of invested funds cannot fall within the meaning of the expression profit and gains of business and hence not eligible for deduction u/s 80P of the Income Tax Act.” In ITA No. 1051/Ind/2016 grounds of appeal taken by the assessee read

M/S MADHYA PRADESH VIDHYUT MANDAL KARMACHARI PRASPAR SAHKARI SAKH SANSTHA MARYADIT,INDORE vs. THE ACIT CIRCLE 4(1), INDORE

In the result, the appeal of the assessee is allowed for

M/S M.P. STATE COOPERATIVE HOUSING FEDERATION SOCIETY,BHOPAL vs. THE ACIT 1(1), BHOPAL

M/S MADHYA PRADESH VIDHYUT MANDAL KARMACHARI PRASPAR SAHKARI SAKH SANSTHA MARYADIT,INDORE vs. THE ACIT CIRCLE 4(1), INDORE

M/S M.P. STATE COOPERATIVE HOUSING FEDERATION SOCIETY,BHOPAL vs. THE ACIT 1(1), BHOPAL

M/S MADHYA PRADESH VIDHYUT MANDAL KARMACHARI PRASPAR SAHKARI SAKH SANSTHA MARYADIT,INDORE vs. THE ACIT CIRCLE 4(1), INDORE

SHREE RAJENDRA SURI SAH SAKH SANTHA MYD,RAJGARH, DHAR vs. THE ITO, DHAR, DHAR