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2 results for “depreciation”+ Section 43A(1)clear

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Key Topics

Section 115J4Section 35D3Section 2602Section 2632

PR COMMISSIONER OF vs. M/S SUBEX LTD

In the result, appeal stands dismissed

ITA/684/2015HC Karnataka01 Oct 2021

Bench: S.SUJATHA,RAVI V HOSMANI

Section 143Section 2Section 260Section 260ASection 263Section 35D

1] Exchange gain on Foreign Currency Convertible Bonds [FCCBs] reinstatement of Rs.60,75,80,000/- [2] Deduction under Section 35D of the Act amounting to Rs.11,36,59,330/-. 4. The returns for the assessment year 2008-09 was taken up for scrutiny. The Assessing Officer passed an order of assessment under section

THE PR COMMISSIONER OF INCOME TAX vs. M/S BANGALORE INTERNATIONAL

Appeal is dismissed; and

ITA/329/2017HC Karnataka19 Sept 2022

Bench: P.S.DINESH KUMAR,UMESH M ADIGA

Section 115JSection 260

1(i) of Section 115JB of the Act is unambiguous and includes the brought forward or unabsorbed depreciation whichever is less as per the books of accounts to be set off. 9. We have carefully considered the rival contentions and perused the records. 2 (2009) 27 SOT 0152 - 5 - ITA No. 329 of 2017 10. Reg - question No.1: Assessee