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3 results for “depreciation”+ Section 264clear

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Key Topics

Section 36(1)(viia)7Section 36(1)4Section 260A3Section 36(1)(vii)3Deduction3Depreciation3Section 36(2)2Limitation/Time-bar2Disallowance2

THECOMMISSIONER OF INCOME TAX,TRICHUR vs. CATHOLIC SYRIAN BANK LTD.,TRICHUR

Appeal stands dismissed

ITA/1439/2009HC Kerala13 Jul 2021

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

Section 260ASection 36(1)Section 36(1)(vii)Section 36(1)(viia)Section 36(2)

depreciation on government securities is an allowable deduction?” I.T.A. No.1439/2009 -4- 3. The first and the second questions are regarding the eligible deduction under Section 36(1)(viia) of the Act. The counsel appearing for parties state that the question concerning bad debts and provision for bad debts falling under Section 36(1)(vii) and 36(1)(viia) is covered

THE COMMISSIONER OF INCOME TAX, TRICHUR vs. THE DHANALAKSHMI BANK LTD.,

ITA/772/2009HC Kerala14 Jul 2021

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

Section 143(3)Section 260ASection 40A(7)

depreciation claimed by the assessee on current securities. (b) In interfering with the disallowance of broken period interest in respect of securities purchased. 2. Whether, on the facts and in the circumstances of the case and also in view of the specific provision of Section 40A(7) of the Income tax Act, 1961 the Tribunal is right

THE COMMISSIONER OF INCOME TAX,TRICHUR vs. THE SOUTH INDIAN BANK LTD.,TRICHUR.

Appeal stands dismissed

ITA/178/2009HC Kerala13 Jul 2021

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS

Section 260ASection 36(1)Section 36(1)(viia)Section 36(2)

depreciation on the revaluation of the securities was rightly claimed by the assessee? 3. Whether, on the facts and circumstances of the case and since the assessee was regularly following the method of I.T.A. No.178/2009 -4- valuation of government securities on book value is it permissible for the assessee to change the method of accounting and revalue the same adopting