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9 results for “depreciation”+ Addition to Incomeclear

Sorted by relevance

Mumbai1,954Delhi1,820Chennai665Ahmedabad383Bangalore371Jaipur312Hyderabad282Kolkata262Pune223Chandigarh184Raipur166Cochin137Indore127Amritsar110Visakhapatnam90Surat84Lucknow79Rajkot66Ranchi54Jodhpur54Nagpur53Cuttack37Guwahati34Patna24Panaji23Dehradun22Agra12Allahabad10Jabalpur9Varanasi7

Key Topics

Section 15415Section 143(3)12Addition to Income9Section 2638Depreciation7Disallowance7Section 142(1)5Section 1484Section 271(1)(b)4Section 40

ASHWANI KUMAR SEHGAL,KATNI vs. INCOME TAX OFFICER, KATNI

In the result, the appeal filed by the assessee is dismissed

ITA 46/JAB/2023[2010-11]Status: DisposedITAT Jabalpur21 Sept 2023AY 2010-11

Bench: Shri Om Prakash Kant & Shri Pavan Kumar Gadaleashwani Kumar Sehgal Vs. Ito-1. M/S. Sehgal Industries, Katni-483501, Madhav Nagar Gate, Madhyapradesh. Katni-483501, Madhyapradesh. Pan/Gir No. : Ajgps0132E Appellant .. Respondent Appellant By : Shri.Sapanusrethe, Advocate.Ar Respondentby : Shri.Shivkumar. Sr. Dr Date Of Hearing 18.09.2023 Date Of Pronouncement 21.09.2023 आदेश / O R D E R Per Pavan Kumar Gadale Jm: The Assessee Has Filed The Appeal Against The Order Of The National Faceless Appeal Centre (Nfac) Delhi /Cit(A) A Passed U/Sec 154 & 250 Of The Act. The Assessee Has Raised The Following Grounds Of Appeal.

For Appellant: Shri.SapanUsrethe, Advocate.ARFor Respondent: Shri.ShivKumar. Sr. DR
Section 154

addition of income from LIC of Rs. 17,314/- and assessed the total income of Rs.9,23,864/-. Subsequently, the AO on examination of records found that the assessee has claimed deprecation @30% on Motor Buses, Lorries of Rs. 1,78,216/- on the written down value(WDV) of Rs.5,94,054 and whereas the rate of depreciation

3
Section 40A(3)3
Deduction3

DEPUTY COMMISSIONER OF INCOME TAX (CENTRAL) , JABALPUR vs. M/S. JABALPUR HOSPITAL & RESEARCH CENTER, JABALPUR

In the result, the appeal filed by the revenue is dismissed and the Cross objections filed by the assessee are partly allowed

ITA 19/JAB/2019[2016-17]Status: DisposedITAT Jabalpur20 Nov 2023AY 2016-17

Bench: Shri Om Prakash Kant & Shri Pavan Kumar Gadaledcit, Vs. Jabalpur Hospital & Central Circle, Researchcentre,Pvtltd Ramnath Russel Crossing, Building,Napier Town, Napier Town, Jabalpur-482001, Jabalpur-482001 Madhya Pradesh. Madhya Pradesh Pan/Gir No. : Aabcj1959K Appellant .. Respondent Co.No.04/Jab/2019 (A.Y. 2016-17) (In Ita No.19/Jab/2019) Jabalpur Hospital & Vs. Dcit, Research Centre Pvt Ltd, Central Circle, Russel Crossing, Ramnath Napier Town, Building,Napier Town, Jabalpur-482001. Jabalpur-482001. Madhya Pradesh. Madhya Pradesh. Pan/Gir No. : Aabcj1959K Appellant .. Respondent

For Appellant: Shri Dhiraj Ghai.CA.ARFor Respondent: Shri Saad Kidwai. CIT-DR
Section 142(1)

depreciation is allowable as per rate prescribed. The items mentioned in the details of fixed assets cannot form part of taxable income as per the accounting principle. The A.O. can make addition

VIJAY OIL MILLS CO. ,DAMOH vs. INCOME TAX OFFICER WARD, DAMOH

In the result, the appeal filed by the assessee is allowed

ITA 112/JAB/2023[2018-19]Status: DisposedITAT Jabalpur16 Oct 2023AY 2018-19

Bench: Shri Om Prakash Kant & Shri Pavan Kumar Gadalevijay Oil Mills Co, Vs. Ito 1(1), Maganj Ward No. 4, Damoh Damoh-470661, Madhya Pradesh. Madhya Pradesh. Pan/Gir No. : Aacfv8920C Appellant .. Respondent Assessee By : Shri.Dhiraj Ghai. Fca.Ar Respondentby : Shri.Rajesh Kumar.Sr. Dr Date Of Hearing 22.09.2023 Date Of Pronouncement 12.10.2023 आदेश / O R D E R Per Pavan Kumar Gadale Jm: The Assessee Has Filed The Appeal Against The Order Of The National Faceless Appeal Centre (Nfac) Delhi/Cit(A) Passed U/Sec 143(1) & U/Sec 250 Of The Act. The Assessee Has Raised The Following Grounds Of Appeal:

For Appellant: Shri.Dhiraj Ghai. FCA.ARFor Respondent: Shri.Rajesh Kumar.Sr. DR
Section 143(1)Section 24

depreciation may kindly be allowed as expenditure to the business income. 5. The appellant craves leave to add or amend any ground of the appeal. Vijay Oil Mills Co., Jabalpur. 2. The brief facts of the case are that, the assessee is a partnership firm and derives income from house property and income from business. The assessee has filed

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 2(1), JABALPUR vs. M/S BHASKAR LUBRICANT PRIVATE LIMITED, JABALPUR

In the result, the appeal filed by the Revenue is dismissed

ITA 200/JAB/2018[2007-08]Status: DisposedITAT Jabalpur29 Nov 2023AY 2007-08

Bench: Dr. B.R.R. Kumar & Shri Yogesh Kumar U.S.

Section 154Section 269S

income of NIL and was allowed to carry forward the unabsorbed depreciation of Rs.17,40,716/-. Notice u/s 154 of the Act was issued to the assessee with regard to valuation of closing stock at Rs.1,15,89,701/- without including the VAT of Rs.14,48,712/-. It is the case of the assessee before the Assessing Officer that

DEPUTY COMMISSIONER OF INCOME TAX(CENTRAL), JABALPUR vs. ANAND MINING CORPORATION, JABALPUR

In the result, the Cross Objection of the assessee is partly allowed

ITA 104/JAB/2018[2014-15]Status: DisposedITAT Jabalpur24 Nov 2023AY 2014-15

Bench: Dr. B.R.R. Kumar & Shri Yogesh Kumar U.S.

Section 143(2)Section 143(3)Section 40Section 40A(3)

depreciation in financial year 2013- 14 and found that the plant & machinery were put to use on 03/05/2014 amounting to Rs.15,38,092/-. Accordingly, the Assessing Officer disallowed the same and added to the total income of the assessee. 10. The learned CIT(A), while deleting the addition

RAJEEV MISHRA,SEONI vs. INCOME TAX OFFICER WARD, SEONI, SEONI

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

ITA 152/JAB/2024[2011-12]Status: DisposedITAT Jabalpur30 May 2025AY 2011-12

Bench: SH. KUL BHARAT, VICE PRESIDENT AND SH. NIKHIL CHOUDHARY (Accountant Member)

For Appellant: Sh. Sapan Usrethe, AdvocateFor Respondent: Sh. Alok Bhura, Sr. DR
Section 143(3)Section 250Section 69

Income tax (Appeal) of NFAC New Delhi was not justified in confirming the addition of Rs.13,470/- made by the AO on the ground that these expenses could not be fully verified, whereas the appellant has submitted vouchers in support of these expenses, even after submitting supporting documents the addition was made by the AO. 9. The appellant craves

RISHABH KUMAR JAIN,SAGAR vs. INCOME TAX OFFICER-1,SAGAR, SAGAR

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

ITA 91/JAB/2023[2015-16]Status: DisposedITAT Jabalpur12 Sept 2023AY 2015-16

Bench: Shri Om Prakash Kantshri Pavan Kumar Gadalerishabh Kumar Jain, Vs Ito-1, Prop. Of M/S. Roop Chand Sagar Jain, H.No.146, Lig, Gour Nagar, Makroniya, Sagar, Madhya Pradesh-470004. (Appellant) (Respondent) Pan No. Amwpj0852F Assessee By Shri Dhiraj Ghai, Fca Revenue By Shri Shiv Kumar, Sr.Dr Date Of Hearing 12/09/2023 Date Of Pronouncement 12/09/2023

income of assessee from any stand of imagination and hence GP rate should have been applied for making correct addition. Accordingly addition of Rs. 15,37,984/-may kindly be deleted. 4. Looking to facts and circumstances of the case and without prejudice to ground no 1 and 2 CIT (A) erred in confirming addition

SHRI DIGPAL JAISWAL,KATNI vs. INCOME TAX OFFICER, WARD -1 , KATNI

In the result appeal of the assessee is allowed

ITA 42/JAB/2021[2011-12]Status: DisposedITAT Jabalpur30 Nov 2023AY 2011-12

Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us

For Appellant: Sh. K P Dewani, AdvFor Respondent: Sh. Shravan Kumar Gotru, CIT-DR
Section 1Section 142(1)Section 143Section 143(3)Section 148Section 263Section 271(1)(b)Section 40

income. Therefore, the queries raised again and again in the Asstt. order passed U/Ss 263 r.w.s 144 of the Act were the same as in the regular asstt. order u/s 143(3) of the Act dtd. 26.02.2014 as well in the asstt. order passed U/Ss 143(3)/147 dtd. 20.06.2016. 4. That the AO has not recorded any satisfaction

SHRI DIGPAL JAISWAL,KATNI vs. PRINCIPAL COMMISSIONER OF INCOME TAX-2, JABALPUR

In the result appeal of the assessee is allowed

ITA 83/JAB/2019[2011-12]Status: DisposedITAT Jabalpur30 Nov 2023AY 2011-12

Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us

For Appellant: Sh. K P Dewani, AdvFor Respondent: Sh. Shravan Kumar Gotru, CIT-DR
Section 1Section 142(1)Section 143Section 143(3)Section 148Section 263Section 271(1)(b)Section 40

income. Therefore, the queries raised again and again in the Asstt. order passed U/Ss 263 r.w.s 144 of the Act were the same as in the regular asstt. order u/s 143(3) of the Act dtd. 26.02.2014 as well in the asstt. order passed U/Ss 143(3)/147 dtd. 20.06.2016. 4. That the AO has not recorded any satisfaction