M/S. KINFRA EXPORT PROMOTION INDUSTRIAL PARKS LTD., vs. THE JOINT COMMISSIONER OF INCOME TAX (OSD)

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE BASANT BALAJI

69,92,547/- and depreciation of Rs.12,65,118 has been allowed and the depreciation claimed by the assessee was rejected. Substantially, the dispute between the assessee and the Revenue centres around Section

THE COMMISSIONER OF INCOME TAX,COCHIN. vs. M/S.PREMIER TYRES LTD., KALAMASSERRY

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

Section 32(2) of the Income Tax Act as it stood at the relevant time, the Tribunal is right in law in allowing the carry forward and set off of the unabsorbed depreciation and is not the same against law and the intendment of the legislature? 5. The issue relates to the entitlement of assessee to claim

THE COMMISSIONER OF INCOME TAX vs. PREMIER TYRES LTD.

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

Section 32(2) of the Income Tax Act as it stood at the relevant time, the Tribunal is right in law in allowing the carry forward and set off of the unabsorbed depreciation and is not the same against law and the intendment of the legislature? 5. The issue relates to the entitlement of assessee to claim

M/S. KUNNEL ENGINEERS AND CONTRACTORS (P) LTD vs. THE ASSISTANT COMMISSIONER OF INCOME TAX

Appeals are allowed and remanded with the observations as

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE BASANT BALAJI

69,463/- is hereby deleted and this ground of appeal of the appellant is allowed.” The Revenue filed a second appeal before the Tribunal. Through the order in Annexure-C dated 19.05.2020, the ground raised by ITA Nos.62/2020, 66/2020 -8- the Revenue on the application and entitlement of Section 43B has been accepted, and the appeal has been allowed. Hence