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2 results for “depreciation”+ Short Term Capital Gainsclear

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Key Topics

Section 693Depreciation2Disallowance2Addition to Income2

ASSISTANT COMMISSIONER OF INCOME TAX, CHHINDWARA vs. M/S. CENTRAL MADHYA PRADESH GRAMIN BANK, CHHINDWARA

In the result, the Revenue’s appeal is dismissed

ITA 135/JAB/2018[2012-13]Status: DisposedITAT Jabalpur10 Dec 2020AY 2012-13
Section 147Section 43Section 43(1)

short) dated 12.3.2018, partly allowing the assessee’s appeal contesting its assessment u/s.147 r.w.s. 143(3) of the Income Tax Act, 1961(‘Act’ hereinafter) for Assessment Year (AY) 2012-13. 2. The appeal raises a single issue, per its’ sole ground, reading as under: ‘1. On the facts and circumstances of the case, the ld. CIT(A) has erred

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE -2(1), JABALPUR vs. M/S. MAHAKAUSHAL SUGAR & POWER INDUSTRIES LTD., NARSINGHPUR

In the result, the Revenue’s appeal is partly allowed for statistical purposes

ITA 44/JAB/2020[2017-18]Status: DisposedITAT Jabalpur
29 Nov 2022
AY 2017-18

Bench: Shri Sanjay Arora, Hon’Ble & Shri Manomohan Das, Hon'Ble

For Appellant: Shri Sanjay Kumar, CIT-DRFor Respondent: Shri Rahul Bardia, FCA
Section 143(3)Section 69Section 80

short), allowing the assessee’s appeal contesting it’s assessment under section 143(3) dated 24/12/2019 of the Income Tax Act, 1961 (‘the Act’ hereinafter) for Assessment Year (AY) 2017-18. 2. The appeal raises two issues, which we shall take up in seriatim. Ground # 1 is in respect of an addition for u/s. 69 for Rs. 411.98 lacs