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15 results for “depreciation”+ Section 12A(1)(b)clear

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Key Topics

Section 26047Exemption13Section 12A12Addition to Income10Section 2(15)7Section 117Depreciation5Section 1484Charitable Trust3Deduction

THE COMMISSIONER OF vs. THE KARNATAKA STATE

ITA/106/2016HC Karnataka27 Sept 2018

Bench: ABHAY SHREENIWAS OKA (CJ),S.G.PANDIT

Section 11Section 11(2)Section 12Section 143(1)Section 143(2)Section 260

1) of the Act, depreciation is allowable as application of income. Further relying upon the Finance (No.2) Act, 2014, it was contended in the appeals that sub- Section (6) was inserted to Section 11 of the Act, wherein from the assessment year 2015-2016, the depreciation cannot be claimed as an application of income under Section

PR. COMMISSIONER OF INCOME TAX vs. SRI SRI ADICHUNCHUNAGIRI SHIKSHANA TRUST

In the result, all the appeals are

3
Disallowance3
Section 260A2
ITA/384/2016HC Karnataka28 Jun 2016

Bench: JAYANT PATEL,B.SREENIVASE GOWDA

Section 10Section 10(23)Section 11Section 12ASection 144Section 260Section 263

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this section in any previous year, and (ii) where a trust or an institution has been granted registration under clause (b) of sub-section (1) of section 12AA or has obtained registration at any time under section 12A

THE DIRECTOR OF INCOME TAX vs. M/S GOKULA EDUCATION FOUNDATION

The appeals are dismissed

ITA/431/2013HC Karnataka22 Feb 2016

Bench: S.SUJATHA,N.K.PATIL

Section 260

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this section in any previous year, and 24 (ii) where a trust or an institution has been granted registration under clause (b) of sub-section (1) of section 12AA or has obtained registration at any time under section 12A

THE DIRECTOR OF INCOME TAX EXEMPTIONS vs. AL-AMEEN CHARITABLE FUND TRUST

The appeals are dismissed

ITA/62/2010HC Karnataka22 Feb 2016

Bench: S.SUJATHA,N.K.PATIL

Section 260

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this section in any previous year, and 24 (ii) where a trust or an institution has been granted registration under clause (b) of sub-section (1) of section 12AA or has obtained registration at any time under section 12A

THE DIRECTOR OF INCOME TAX vs. M/S GOKULA EDUCATION FOUNDATION (MEDICAL)

The appeals are dismissed

ITA/430/2013HC Karnataka22 Feb 2016

Bench: S.SUJATHA,N.K.PATIL

Section 260

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this section in any previous year, and 24 (ii) where a trust or an institution has been granted registration under clause (b) of sub-section (1) of section 12AA or has obtained registration at any time under section 12A

THE COMMISSIONER OF INCOME TAX vs. M/S KARNATAKA REDDY JANASANGHA

The appeals are dismissed

ITA/56/2013HC Karnataka22 Feb 2016

Bench: S.SUJATHA,N.K.PATIL

Section 260

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this section in any previous year, and 24 (ii) where a trust or an institution has been granted registration under clause (b) of sub-section (1) of section 12AA or has obtained registration at any time under section 12A

THE DIRECTOR OF INCOME TAX vs. INTERNATIONAL INSTITUTE OF INFORMATION TECHNOLOGY

The appeals are dismissed

ITA/414/2010HC Karnataka22 Feb 2016

Bench: S.SUJATHA,N.K.PATIL

Section 260

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this section in any previous year, and 24 (ii) where a trust or an institution has been granted registration under clause (b) of sub-section (1) of section 12AA or has obtained registration at any time under section 12A

COMMISSIONER OF INCOME vs. SRI ADICHUNCHANAGIRI

The appeals are dismissed

ITA/1/2013HC Karnataka22 Feb 2016

Bench: S.SUJATHA,N.K.PATIL

Section 260

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this section in any previous year, and 24 (ii) where a trust or an institution has been granted registration under clause (b) of sub-section (1) of section 12AA or has obtained registration at any time under section 12A

THE COMMISSIONER OF INCOME TAX vs. SRI ADICHUNCHUNGIRI

The appeals are dismissed

ITA/233/2013HC Karnataka22 Feb 2016

Bench: S.SUJATHA,N.K.PATIL

Section 260

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this section in any previous year, and 24 (ii) where a trust or an institution has been granted registration under clause (b) of sub-section (1) of section 12AA or has obtained registration at any time under section 12A

M/S NANDI STEELS LIMITED vs. THE ASSISTANT COMMISSIONER OF INCOME TAX

In the result, the findings

ITA/103/2012HC Karnataka23 Feb 2021

Bench: ALOK ARADHE,R. NATARAJ

Section 143(1)Section 143(3)Section 147Section 148Section 260Section 260ASection 6

depreciation is claimed under clause (i) of sub-section (1) of section 32; and (c) which was or has been used for the purposes of business, is sold, discarded, demolished or destroyed and the moneys payable in respect of such building, machinery, plant or furniture, as the case may be, together with 16 the amount of scrap value

THE DIRECTOR OF INCOME TAX vs. M/S KODAVA SAMAJA

The appeal is dismissed

ITA/344/2013HC Karnataka12 Jan 2015

Bench: B.VEERAPPA,N.KUMAR

Section 12ASection 2(15)Section 260

B. VEERAPPA INCOME TAX APPEAL No. 344/2013 BETWEEN: 1. The Director of Income Tax, Exemption, C.R. Building, Queens Road, Bangalore. 2. The Director of Income Tax, (Exemptions), C.R. Building, Queens Road, Bangalore. ... APPELLANTS (BY SRI K V ARAVIND, ADVOCATE) AND: M/s. Kodava Samaja, No.7, 1st Main Road, Vasanthnagar, Bangalore-560 002. ... RESPONDENT (BY SRI BALRAM R. RAO, ADVOCATE) 2 This

COMMISISONER OF INCOME TAX vs. OHIO UNIVERSITY CHRIST COLLEGE

ITA/312/2016HC Karnataka17 Jul 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 12ASection 260

B’, at Bangalore, in ITA Nos. 1075 and 1076/Bang/2014 for Assessment Year 2008-2009 and 2009-2010 before the Deputy Director of Income Tax (Exemptions), Circle 17(2) Bangalore in Commissioner of Income Tax (Exemptions) Bangalore vs. Ohio University Christ College, Academy for Management Education, Bangalore. 2. The respondent – assessee is a registered public Charitable Trust under Sec. 12A

THE COMMISSIONER OF INCOME TAX vs. ISLAMIC ACADEMY OF EDUCATION

The appeal stands disposed of

ITA/712/2009HC Karnataka21 Aug 2015

Bench: B.MANOHAR,VINEET SARAN

Section 11Section 11(5)Section 12ASection 260Section 43

1 THE COMMISSIONER OF INCOME TAX C R BUILDING, ATTAVARA, MANGALORE 2 THE ASSISTANT COMMR. OF INCOME TAX CENTRAL CIRCLE, C R BUILDING ATTAVARA, MANGALORE ... APPELLANTS (BY SRI.K V ARAVIND & SRI E I SANMATHI, ADV.) AND ISLAMIC ACADEMY OF EDUCATION ® NITHYANANDA NAGAR, DERALAKATTE MANGALORE ...RESPONDENT (BY SRI S PARTHASARATHI, ADV.) THIS ITA IS FILED UNDER SEC.260-A OF INCOME

COMMISSIONER OF INCOME TAX vs. M/S KARNATAKA INDUSTRIAL AREA

In the result, the appeal is disposed of

ITA/3/2017HC Karnataka16 Oct 2020

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

Section 12ASection 2(15)Section 260Section 260A

B’ BENCH, BENGALURU, IN APPEAL PROCEEDINGS NO.ITA NO.822/BANG/2014 FOR ASSESSMENT YEAR 2010-11 AS SOUGHT FOR IN THIS APPEL AND TO GRANT SUCH OTHER RELIEF AS DEEMED FIT, IN THE INTEREST OF JUSTICE. THIS ITA COMING ON FOR ADMISSION, THIS DAY, ALOK ARADHE J., DELIVERED THE FOLLOWING: JUDGMENT Mr.E.I.Sanmathi, learned counsel for the Revenue. Mr.K.K.Chythanya, learned counsel for the assessee

DIRECTOR OF INCOME TAX (EXEMPTIONS) vs. M/S. KARNATAKA INDUSTRIAL

In the result, we do not find any merit in this

ITA/205/2016HC Karnataka30 Sept 2020

Bench: ALOK ARADHE,M.I.ARUN

Section 12ASection 2(15)Section 260Section 5

1. DECIDE THE FOREGOING QUESTION OF LAW AND OR SUCH OTHER QUESTIONS OF LAW AS MAY BE FORMULATED BY THE HON’BLE COURT AS DEEMED FIT. 2. SET ASIDE THE APPELLATE ORDER DATED 04.09.2015 PASSED BY THE ITAT, ‘B’ BENCH, BENGALURU, IN APPEAL PROCEEDINGS IN ITA NO.378/BANG/2013 FOR ASSESSMENT YEAR 2009-2010, AS SOUGHT FOR IN THIS APPEAL