Search: depreciation

3 results for “depreciation”+ Section 72Aclear

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Section 72A4 Set Off of Losses3 Section 260A2 Section 72A(2)(a)2 Section 2602 Depreciation2

THE COMMISSIONER OF INCOME TAX vs. M/S K B D SUGARS & DISTILLERIES LTD.,

ITA/773/2009HC Karnataka16 Oct 2015

Bench: S.SUJATHA,VINEET SARAN

Section 260ASection 72ASection 72A(2)(a)

depreciation under that Section, the asset should be ‘used’ for business, meaning thereby, after business commences, which is different from engagement in business. This, to our understanding, only clarifies that the phrases ‘commencement of business’ and ‘engaged in business’ are different. Former may apply for Section 32 but the latter would apply in the case of Section 72A

THE COMMISSIONER OF INCOME-TAX vs. M/S. INDUS FILA LTD

In the result, the order passed by the Income Tax

ITA/431/2012HC Karnataka18 Sept 2020

ALOK ARADHE,H.T. NARENDRA PRASAD

THE COMMISSIONER OF INCOME TAX vs. M/S K B D SUGARS & DISTILLERIES LTD.,

THE COMMISSIONER OF INCOME-TAX vs. M/S. INDUS FILA LTD

THE COMMISSIONER OF INCOME TAX vs. M/S K B D SUGARS & DISTILLERIES LTD.,

THE COMMISSIONER OF INCOME-TAX vs. M/S. INDUS FILA LTD

THE COMMISSIONER OF INCOME TAX vs. M/S KBD SUGARS & DISTILLERIES LTD