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6 results for “depreciation”+ Section 171clear

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Key Topics

Section 26017Section 115J4Section 43Section 260A2Section 2542Section 2(22)(e)2

M/S FIDELITY BUSINESS SERVICES INDIA PVT LTD vs. ASSISTANT COMMISSIONER OF INCOME TAX

ITA/512/2017HC Karnataka23 Jul 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 2(22)(e)Section 254Section 260

171 of the Income Tax Act, 1961. 50. Mr. Aravind also relied upon the Division Bench decision of the Madras High Court in the case of Commissioner of Income Tax Vs. Indian Express Date of Judgment :23-07-2018 I.T.A.No.512/2017 M/s. Fidelity Business Services India Pvt. Ltd., Vs. Assistant Commissioner of Income-Tax, & Anr. 50/86 (Madurai

M/S. ICDS LIMITED vs. THE DEPUTY COMMISSIONER OF INCOME-TAX

In the result, the appeal fails and is hereby dismissed

ITA/678/2017HC Karnataka03 Aug 2021

ALOK ARADHE,HEMANT CHANDANGOUDAR

Bench:
Section 115JSection 145Section 211Section 260

171 (KAR). 5. We have considered the submissions made on both sides and have perused the record. The issue involved in this appeal is whether lease equalization charges debited to profit and loss account has to be added to the book profit. The relevant extract of Section 115JA of the Act reads as under: "115JA. Deemed income relating to certain

M/S WIPRO LIMITED vs. THE DEPUTY COMMISSIONER OF INCOME TAX

The appeals stand disposed of, accordingly

ITA/881/2008HC Karnataka25 Mar 2015

Bench: N.KUMAR,B.SREENIVASE GOWDA

Section 260

Section 145A of the Income- tax Act which was inserted with effect from assessment year 1999-2000. The said provision states that the valuation of stock should include the amount of any tax duty, cess or fee - 94 - actually paid or incurred to bring the goods to its present location and condition. The Department has followed a consistent stand

THE COMMISSIONER OF INCOME TAX vs. M/S WIPRO LTD

The appeals stand disposed of, accordingly

ITA/211/2009HC Karnataka25 Mar 2015

Bench: N.KUMAR,B.SREENIVASE GOWDA

Section 260

Section 145A of the Income- tax Act which was inserted with effect from assessment year 1999-2000. The said provision states that the valuation of stock should include the amount of any tax duty, cess or fee - 94 - actually paid or incurred to bring the goods to its present location and condition. The Department has followed a consistent stand

THE COMMISSIONER OF INCOME TAX GULBARGA vs. M/S MANJUNATHA COTTON AND GINNING FACTORY

The appeals are dismissed

ITA/2564/2005HC Karnataka13 Dec 2012

Bench: ARAVIND KUMAR,N.KUMAR

Section 260Section 260A

depreciation penalty is not leviable. The additions in assessment proceedings will not automatically lead to inference of levying penalty. This Court in the case of GUJAMGADI reported in 290 ITR 168, has held that every addition to income by the Income Tax Officer will not 57 automatically attract levy of penalty. Similar view has also been taken by this Court

M/S INDUS TOWERS LTD vs. THE DEPUTY COMMISSIONER OF COMMERCIAL TAXES

In the result, we pass the following order:

WA/3403/2011HC Karnataka07 Sept 2011

Bench: RAVI MALIMATH,N.KUMAR

Section 4

171 . f65 0 THESE WRIT APPEALS ARE FiLED li/S 4 OF THE KARNATAKA HIGH COURT ACT PRA ING TO SET ASIDE THE ORDER P\S5fD P’ HIP WEll Pt LITTON ‘v 2276 7 ‘201’ DATED 11/04/2011 WL348820i1 T ANos350235i221l BETWEEN M/S WIRELESS TI’ INFO SERVICES LTD IPRESF i\TL\ KNOWN \S \ IOM NEThORK LiD) 5TH FLOORSJR PRIMUS, NO 1 KORAMANGALA