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6 results for “depreciation”+ Section 56(2)(viia)clear

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Key Topics

Section 56(2)(viib)10Section 14A10Addition to Income4Section 143(2)3Section 1543Disallowance3Section 2502Section 234A2Section 36(1)(viia)2

HOLIDAY TRIANGLE TRAVEL PRIVATE LIMITED,GURGAON vs. INCOME TAX OFFICER, JAIPUR

In the result, appeal of the assessee is allowed

ITA 67/JPR/2024[2014-15]Status: DisposedITAT Jaipur20 Jan 2025AY 2014-15

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI GAGAN GOYAL (Accountant Member)

For Appellant: Shri Dilip Shivpuri, Advocate &For Respondent: Shri Gautam Singh Choudhary, JCIT
Section 142(1)Section 143(2)Section 250Section 56(2)(viib)

viia) where a firm or a company not being a company in which the public are substantially interested, receives, in any previous year, from any person or persons, on or after the 1st day of June, 2010 , any property, being shares of a company not being a company in which the public are substantially interested,— (i) without consideration, the aggregate

M/S NABH MULTITRADE PVT. LTD.,JAIPUR vs. INCOME TAX OFFICER, JAIPUR

In the result, appeal of the assessee is allowed

ITA 269/JPR/2018[2014-15]Status: DisposedITAT Jaipur09 Oct 2020AY 2014-15
For Appellant: Shri Manish Agarwal (CA)For Respondent: Smt. Chanchal Meena (Addl. CIT) fu/kZkfjrh dh vksj ls@
Section 115BSection 56(2)(viib)Section 68

depreciable asset, will carry a fair 10 M/s. Nabh Multitrade Pvt. Ltd., Jaipur. market value based on the prevailing market price in the area. The Registered Valuer as per the Valuation Report has specifically stated that the fair market value of the land is taken as per the local survey done by him and, therefore, in case

RAMESHWARAM STRONG GLASS (P.) LTD.,AJMER vs. ITO, AJMER

In the result, the appeal of the assessee is partly allowed as indicated above

ITA 884/JPR/2016[2013-14]Status: DisposedITAT Jaipur12 Jul 2018AY 2013-14
For Appellant: Shri Mahendra Gargieya, AdvocateFor Respondent: Smt. Seema Meena, JCIT- DR
Section 143(2)

viia) where a firm or a company not being a company in which the public are substantially interested, receives, in any previous year, from any person or persons, on or after the 1st day of June, 2010 , any property, being shares of a company not being a company in which the public are substantially interested,— (i) without consideration, the aggregate

ACIT, JAIPUR vs. STATE BANK OF BIKANER & JAIPUR, JAIPUR

Appeal is dismissed

ITA 41/JPR/2010[2007-08]Status: DisposedITAT Jaipur29 Aug 2017AY 2007-08
For Appellant: Shri P.C. Parwal (CA)For Respondent: Smt. Rolly Agarwal (CIT)
Section 14ASection 36(1)(viia)

viia) at Rs. 220,50,86,829/- as against allowable claim of Rs. 230,67,63,914/-. 4. Appellant craves to add, amend, alter or modify any of the ground of appeal. 5. The appropriate cost be awarded to the assessee.” 3. Ground no. 1(i) to (iii) are against disallowance made by invoking the provisions of Rule

M/S S B B J,JAIPUR vs. ACIT, JAIPUR

Appeal is dismissed

ITA 921/JPR/2009[2007-08]Status: DisposedITAT Jaipur29 Aug 2017AY 2007-08
For Appellant: Shri P.C. Parwal (CA)For Respondent: Smt. Rolly Agarwal (CIT)
Section 14ASection 36(1)(viia)

viia) at Rs. 220,50,86,829/- as against allowable claim of Rs. 230,67,63,914/-. 4. Appellant craves to add, amend, alter or modify any of the ground of appeal. 5. The appropriate cost be awarded to the assessee.” 3. Ground no. 1(i) to (iii) are against disallowance made by invoking the provisions of Rule

SHRI VIKRAM SINGH SHEKHAWAT,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE, SIKAR

In the result, the appeals filed by the assessee in ITA No

ITA 484/JPR/2019[2013-14]Status: DisposedITAT Jaipur23 Jan 2020AY 2013-14
For Appellant: Shri Shrawan Kumar Gupta, AdvocateFor Respondent: Shri K.C. Gupta, JCIT DR
Section 143(3)Section 145(3)Section 154Section 234A

2. Please note that the above definition covers both the activities of manufacture and production of any article or thing. 3. The word ‘produce’ is defined in Webster new international dictionary to mean “ something which is brought forth or yielded either naturally or as a result of effort and work”. In shorter oxford dictionary, the meaning given is “ To bring