DCIT 8(1), MUMBAI vs. BLUE DART EXPRESS LTD, MUMBAI

In the result appeal of the Revenue is dismissed

Bench: D.T. Garasia & Shri G. Manjunathaassessment Year: 2010-11 Assessment Year: 2009-10

depreciation 60% on the cargo scanners. Accordingly, this issue has been decided in favour of the assessee against the revenue.” 7. Respectfully following the above decision of the Tribunal, we decide the ground No.1 in favour of the assessee and against the Revenue. Ground No.2 8. Ground No.2 is in relation to disallowance under section

DCIT 8(1), MUMBAI vs. BLUE DART EXPRESS LTD, MUMBAI

In the result appeal of the Revenue is dismissed

Bench: D.T. Garasia & Shri G. Manjunathaassessment Year: 2010-11 Assessment Year: 2009-10

depreciation 60% on the cargo scanners. Accordingly, this issue has been decided in favour of the assessee against the revenue.” 7. Respectfully following the above decision of the Tribunal, we decide the ground No.1 in favour of the assessee and against the Revenue. Ground No.2 8. Ground No.2 is in relation to disallowance under section

BLUE DART EXRESS LTD,MUMBAI vs. JCIT (OSD) RG 8(1), MUMBAI

In the result appeal of the Revenue is dismissed

Bench: D.T. Garasia & Shri G. Manjunathaassessment Year: 2010-11 Assessment Year: 2009-10

depreciation 60% on the cargo scanners. Accordingly, this issue has been decided in favour of the assessee against the revenue.” 7. Respectfully following the above decision of the Tribunal, we decide the ground No.1 in favour of the assessee and against the Revenue. Ground No.2 8. Ground No.2 is in relation to disallowance under section

SEADRILL INTERNATIONAL LIMITED ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX-INTERNATIONAL TAXATION-4(2)(1), MUMBAI

depreciation and brought forward loss shall be allowed to the assessee for such previous year. ] Explanation. For the purposes of this section,— (i) "plant" includes ships, aircraft, vehicles, drilling units, scientific apparatus and equipment, used for the purposes of the said business; (ii) "mineral oil" includes petroleum and natural gas. 7. For the purpose of receipt under section 44BB

ASST CIT CIR 6(1)(2), MUMBAI vs. ASK INVESTMENT MANAGERS P.LTD, MUMBAI

The appeal of the Revenue is allowed for statistical

Bench: Shri Joginder Singh & Shri G. Manjunathaassessment Year 2012-13 Acit M/S Ask Investment Circle-6(1)(2), Managers Pvt. Ltd. बनाम/ R. No.536, 5Th Floor, 1St Floor Bandbox House, Vs. Aayakar Bhavan, Dr. Ab Road, Worli, M. K. Road, Churchgate, Mumbai-400030 Mumbai-400020 (राज"व /Revenue) ("नधा"रती /Assessee) P.A. No. Aafca2302P Shri Nitin Waghmode-Dr राज"व क" ओर से / Revenue By "नधा"रती क" ओर से / Assessee By Shri J.D. Mistri Sr. Advocate

section 14A is that expenditure incurred in relation to income, which does not form part of total income under the Act, shall not be allowed as deduction. This clearly implies that assessee should have earned some income during the relevant previous year, which does not form part of the total income under the provisions of the Act and some expenditure

OCEANEERING INTERNATIONAL GMBH,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME-TAX (INTERNATIONAL TAXATION) RANGE 3(2)(2), MUMBAI

Bench: Shri Vikram Singh Yadav & Shri Sandeep Singh Karhail

depreciation of earlier years), the balancing charge/allowance and the apportionment of overhead expenses. With a view to simplifying and rationalizing the assessments in such cases, the Finance Act, 1975 has made a special provision in section 44B for computing profits and gains of shipping business in the case of non-residents. Under this provision, profits and gains

OCEANEERING INTERNATIONAL GMBH,MUMBAI vs. DCIT(INT. TAXATION)RANGE-3(2)(2), MUMBAI

Bench: Shri Pawan Singh & Ms. Padmavathy S

depreciation of earlier years), the balancing charge/allowance and the apportionment of overhead expenses. With a view to simplifying and rationalizing the assessments in such cases, the Finance Act, 1975 has made a special provision in section 44B for computing profits and gains of shipping business in the case of non-residents. Under this provision, profits and gains