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3 results for “depreciation”+ Section 33Aclear

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Mumbai12Bangalore8Delhi7SC3Kolkata3Guwahati1Pune1Allahabad1

Key Topics

Section 33A4Section 733Section 2633

DCIT, CIRCLE - 6,, KOLKATA vs. LOKNATH SARAF SECURITIES LTD.,, KOLKATA

In the result, to sum up ITA No

ITA 852/KOL/2008[2003-04]Status: DisposedITAT Kolkata08 Jul 2016AY 2003-04

Bench: Shri P.M. Jagtap & Shri S.S. Viswanethra Ravi

Section 43(5)Section 73

depreciation or capital expenditure on scientific research, the provisions of sub-section (2) of section 72 shall apply in relation to speculation business as they apply in relation to any other business. (4) No loss shall be carried forward under this section for more than eight assessment years immediately succeeding the assessment year for which the loss was first computed

M/S CHENGMARI TEA CO. LTD,KOLKATA vs. ACIT, CIR-4(1), KOLKATA

Appeal is allowed

ITA 812/KOL/2019[2014-15]Status: DisposedITAT Kolkata31 Jan 2020
AY 2014-15

Bench: Shri J.Sudhakar Reddy & Shri S.S.Godaraassessment Years: 2014-15

Section 115JSection 263Section 33A

Section 263 of the' Act' with effect from 01.06.2015. I hold that the impugned assessment order dated 18.10.2016 passed by the A.O. is erroneous in so far as it is prejudicial to the interests of revenue. Therefore, after giving the assessee an 'opportunity of being heard, that the impugned assessment order dated 18.10.2016 is quashed with the directions given

BATANAGAR EDUCATION AND RESEARCH TRUST ,KOLKATA vs. ITO, WARD-1(2), EXEMPT, KOLKATA

In the result, the appeal filed by the assessee is allowed for statistical purposes

ITA 848/KOL/2024[2013-14]Status: DisposedITAT Kolkata12 Nov 2024AY 2013-14

Bench: Sri Rajesh Kumar & Pradip Kumar Choubey

Section 12ASection 133ASection 142(1)Section 143(2)Section 143(3)Section 250Section 271(1)(c)

depreciation not allowed on the ground that total corpus fund amounting to Rs. 2,45,29,550/- which had been proved to be bogus donation and nothing but mere accommodation entries had been declared fully spent on building and other fixed assets. The income of the assessee has been computed and penalty notice