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9 results for “depreciation”+ Section 255clear

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Key Topics

Section 26016Section 115J16Section 1486Section 1475Section 260A4Section 2634Addition to Income4Section 143(1)2Section 143(2)2Deduction

SRI C M MAHADEVA S/O SRI MANCHE GOWDA vs. THE COMMISSIONER OF INCOME TAX

The appeal stands allowed

ITA/795/2009HC Karnataka24 Aug 2015

Bench: B.MANOHAR,VINEET SARAN

Section 139Section 143(1)Section 147Section 148Section 255(6)Section 260Section 69

255(6), as the reasons recorded go to the root of jurisdiction?”. 4. We have heard Sri G.Venkatesh along with Sri K.S.Hanumantha Rao, Advocate, learned counsel for the appellant; as well as Sri E.I.Sanmathi, learned counsel for the respondent, and perused the record. 5. Questions No.1 and 2 relate to the reopening of the assessment under Section

2
Depreciation2
Disallowance2

M/S KILARA POWER PVT. LTD., vs. THE INCOME -TAX OFFICER

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

ITA/356/2014HC Karnataka04 Nov 2020

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

Section 115JSection 260Section 260ASection 41(1)

255 ITR 273 (SC), and 'INDO RAMA SYNTHETICS (I) LTD. VS. COMMISSIONER OF INCOME-TAX', 330 ITR 363. 9 6. We have considered the submissions made by learned counsel for the parties and have perused the record. The relevant extract of Section 115JB, which deals with special provisions for payment of tax by certain companies as it was in existence

M/S YOKOGAWA INDIA LTD vs. THE DEPUTY COMMISSIONER

In the result, the appeal is disposed of

ITA/87/2012HC Karnataka04 Jun 2020

Bench: ALOK ARADHE,HEMANT CHANDANGOUDAR

Section 115JSection 143(1)Section 143(2)Section 260Section 260A

Section 10A applies, if such amount is credited to profit and loss account. It is submitted that clause (iii) of explanation- 1 provides for reduction the net profit by the amount of loss brought forward or unabsorbed depreciation whichever is less as per books of accounts. It is also urged that the assessee is eligible to claim the deduction

THE COMMISSIONER OF INCOME TAX vs. M/S. GOKALDAS IMAGES PVT.LTD

In the result, the appeal is disposed of

ITA/77/2015HC Karnataka02 Nov 2020

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

Section 115JSection 14ASection 2(45)Section 260Section 260ASection 709(1)

depreciation was also not allowed. 3. The assessee thereupon filed an appeal before the Commissioner of Income Tax (Appeals) who by an order dated 25.02.2013 inter alia held that advance of Rs.53.77 Crores given to M/s Hinduja Relators Pvt. Ltd. is only out of commercial expediency and can be considered as advance for business purpose. It was further held that

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

Bench: ALOK ARADHE,HEMANT CHANDANGOUDAR

Section 115JSection 145Section 211Section 260

255 ITR 273 while setting aside the assessment originally made and proceeded to hold the provisions of clause (g) of Explanation to Section 115JA(2) of the Act would apply to increase the book profit for the purpose of determination of tax? 2. Facts leading to filing of this appeal briefly stated are that assessee is a public limited company

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

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 PR. COMMISSIONER OF INCOME-TAX vs. M/S. TE CONNECTIVITY INDIA PVT. LTD.,

Accordingly dispose of the appeal as allowed

ITA/53/2024HC Karnataka05 Jun 2025

Bench: ACTING CHIEF JUSTICE,S RACHAIAH

Section 143(2)Section 143(3)Section 144C(13)Section 260ASection 263Section 40

Depreciation on Goodwill on Slump Sale of Rs 11,26,05,318/-. 2. It has been observed that the amount of Rs.36,34,10,000/- towards commission on Sales debited by the assessee to P & L account without TDS, was not disallowed u/s 40(a)(ia) in the assessment order. Failure to do so has resulted in short computation

M/S ING VYSYA BANK LIMITED vs. THE COMMISSIONER OF INCOME TAX

In the result appeal fails and it is hereby

WA/2458/2010HC Karnataka06 Jul 2012

Bench: ARAVIND KUMAR,AJIT J GUNJAL

Section 245CSection 245D(1)Section 4

depreciation on the leased assets as an operating lease and as such the assessee apparently sought benefits under both forms of the lease which was impermissible in law resulting in evasion of income and tax. This fact was noticed by assessing officer after completion of the assessment for - 12 - the assessment years upto 1997-98 and brought