Search: depreciation

6 results for “depreciation”+ Section 53Aclear

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Key Topics

Section 143(3)5 Section 2635 Depreciation5 Section 50(1)3 Section 153A3 Disallowance3 Section 143(1)2 Section 2(47)2 Section 50C2 Section 143(2)2 Deduction2

STEWARTS & LLOYDS OF INDIA LIMITED,KOLKATA vs. COMMISSIONER OF INCOME TAX, KOL - I, KOLKATA

In the result the appeal by the Assessee is partly allowed

ITA 372/KOL/2009[2004-05]Status: DisposedITAT Kolkata02 Mar 2016AY 2004-05

Bench: Hon’Ble Shri N.V.Vasudevan, Jm & Shri Waseem Ahmed, Am] Assessment Year : 2004-05 Stewarts & Lloyds Of India Ltd. -Versus- C.I.T., Circle-1, Kolkata Kolkata (Pan:Aaecs 0445G) (Appellant ) (Respondent)

For Appellant: Shri Soumen Adak, ACA & Shri Prakash Singh,ACAFor Respondent: Shri Radhey Shyam, CIT.DR

Section 143(3)Section 263

53A of the Transfer of Property Act for the purpose of considering the capital gains would fall for consideration for the purpose of considering the same as falling under long-term capital asset only on and from the amendment inserted under the Finance Act, 1987, w.e.f. 1st April, 1988. The insertion is only declaratory of the law already there

M.M. EXPORTS,KOLKATA vs. ITO, WARD - 42(1), KOLKATA [MERGED WITH WARD - 43(1)], KOLKATA

In the result the appeal by the assessee is dismissed

ITA 238/KOL/2016[2007-08]Status: DisposedITAT Kolkata02 Feb 2018AY 2007-08

Bench: Hon’Ble Shri N.V.Vasudevan, Jm & Shri Waseem Ahmed, Am ] Assessment Year : 2007-08

For Appellant: Shri Raja Ram Chowdhury, CAFor Respondent: Shri S.Dasgupta, Addl. CIT(DR)

Section 2(47)Section 50(1)

53A of the Transfer of Property Act, 1882. New sub-clauses (v) and (vi) have been inserted in section 2(47) to prevent avoidance of capital gains liability by recourse to transfer of rights in the manner referred to above. 11.2 The newly inserted sub-clause (vi) of section 2(47) has brought into the ambit of transfer. , the practice

ANJALI JEWELLERS,KOLKATA vs. PCIT, CENTRAL-1, KOLKATA

In the result, the appeal of the assessee is allowed

ITA 140/KOL/2021[2014-15]Status: DisposedITAT Kolkata30 Sept 2021AY 2014-15

Bench: Shri P. M. Jagtap(Kz) & Shri A. T. Varkey]

Section 132(1)Section 143(2)Section 143(3)Section 153ASection 263

53A of the Act. Section 153A of the Act, uses the expressing "pending assessment or reassessment". When a return is filed and acknowledgement or intimation issued u/s. 143(1), the proceedings initiated by filing the return are closed, unless a notice u/s 143(2) of the Act is issued. In the present case, the period for issuing the notice

DCIT, CIR-8(1), KOLKATA, KOLKATA vs. M/S MAPEX INFRASTRUCTURE PVT LTD., KOLKATA

In the result, the appeal filed by the revenue is dismissed

ITA 1080/KOL/2015[2004-2005]Status: DisposedITAT Kolkata06 Dec 2017AY 2004-2005

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

For Appellant: Shri Kalyan Nath, Addl.CIT, ld.DRFor Respondent: Shri G.Banerjee, FCA, ld.AR

Section 143(1)Section 143(2)(ii)Section 148

Section 32 of the Act has accepted the legal principle but unfortunately while granting relief as rightly pointed out by Mr. Khaitan has not allowed the setting off of the interest income as regard the aforesaid amount of depreciation. We therefore allow this appeal and set aside the judgment and order of the authorities below. We direct

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 7(1), KOLKATA, KOLKATA vs. EMAS EXPRESSWAY PRIVATE LIMITED, KOLKATA

In the result, the appeal filed by the Revenue is hereby dismissed

ITA 1162/KOL/2023[2005-2006]Status: DisposedITAT Kolkata03 Mar 2025AY 2005-2006

Bench: SHRI PRADIP KUMAR CHOUBEY, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)

Section 143(1)Section 250

53A, Mirza Galib Street, 2nd Floor, Kolkata - 700016 [PAN: AAACE9530E] ..…................................ Respondent Appearances by: Assessee represented by : Vishal Jain, AR Department represented by : P.N. Barnwal, CIT-DR Date of concluding the hearing : 29.01.2025 Date of pronouncing the order : 03.03.2025 O R D E R PER SANJAY AWASTHI, ACCOUNTANT MEMBER: 1. In this case, the ITAT Registry has informed that there

M/S. MANGILALL ESTATES (P) LTD.,KOLKATA vs. DCIT, CC-1(3), KOLKATA, KOLKATA

ITA 156/KOL/2015[2012-2013]Status: DisposedITAT Kolkata21 Feb 2018AY 2012-2013

Bench: Shri Aby.T Varkey & Shri Waseem Ahmedassessment Year:2012-13

Section 143(3)Section 2(47)Section 50CSection 53A

53A of Transfer of Property Act. 3. That the Ld. CIT(A) erred in not appreciating the fact that section 50C is not applicable in the case of appellant as the agreement to sell was entered into prior to introduction of section 50C in statute. 4. That the Ld. CIT(A) erred in not accepting the plea of the appellant