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2 results for “depreciation”+ Section 80P(2)(c)clear

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Key Topics

Section 80P7Section 80P(2)(a)6Section 143(3)2Deduction2Addition to Income2

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)

depreciation on land and building. 2. Even if the addition is maintained, the exempted income would increase and the deduction u/s 80P(2)(a) will increase thereby there will be no addition in the total income. 3. The addition of Rs. 47,339/- may please be deleted by allowing deduction u/s 80P(2)(a).” 1.1 Succinctly, the facts, as culled

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

ITA 413/IND/2017[2013-14]Status: DisposedITAT Indore29 Jun 2018AY 2013-14

Bench: Shri Kul Bharat, Hon’Ble & Shri Manish Borad, Hon’Blea.Y. 2013-14 Madhya Pradesh Vidyut Mandal Karmachari Sahkari Sakh Sanstha Ltd. Indore ::: Appellant Vs Acit Circle 4(1) Indore ::: Respondent Appellant By Shri Vijay Bansal & Shri Rajesh Sodani Respondent By Shri Ram Prakash Mourya Date Of Hearing 26.6.2018 Date Of Pronouncement 29.6.2018

Section 143(2)Section 143(3)Section 56Section 80PSection 80P(2)(a)

C, Bangalore 5. ITO vs. Lokopayogi Illakhe and Karnataka Neerawari Nawakara, ITAT Panaji Tribunal (2015) 45 CCH 49 6. The Totgars Cooperative Sale Society Ltd. vs. ITO; Supreme Court (2010) 322 ITR 283. 5. On the other hand, the learned DR vehemently argued supporting the orders of the authorities below. 6. We have heard both the parties and perused