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462 results for “depreciation”+ Section 288clear

Sorted by relevance

Mumbai462Delhi451Bangalore162Chennai153Kolkata73Jaipur71Ahmedabad41Hyderabad25Pune24Lucknow22Chandigarh22Cuttack19Indore15Amritsar14Karnataka12Surat8Visakhapatnam6Telangana6Rajkot5Guwahati5Raipur5Agra4Ranchi4SC3Patna3Jabalpur3Kerala2Calcutta2Varanasi2Jodhpur2Cochin1Panaji1Nagpur1

Key Topics

Addition to Income70Disallowance60Section 14A54Section 80I53Section 143(3)50Deduction34Section 1124Depreciation24Section 92C22Section 36(1)(iii)

THERMO FISHER SCIENTIFIC INDIA PVT LTD. ,MUMBAI vs. DCIT-15(3)(1), MUMBAI

In the result, the appeal of the assessee is allowed for In the result, the appeal of the assessee is allowed for In the result, the appeal of the assessee is allowed for statistical purposes

ITA 769/MUM/2023[2009-10]Status: DisposedITAT Mumbai31 Jul 2023AY 2009-10

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2009-10 Thermo Fisher Scientific India Dy. Cit-15(3)(1), Pvt. Ltd., Room No. 360, Aayakar Vs. 403-404, ‘B’ Wing, Delphi, Bhavan, New Marine Lines, Hiranandani Business Park, Mumbai-400020. Mumbai-400076. Pan No. Aabct 3207 A Appellant Respondent

For Appellant: Mr. Niraj ShethFor Respondent: Mr. Mudit Nagpal, CIT-DR
Section 43(1)

288 (Delhi) In this decision, the Hon' In this decision, the Hon'ble Delhi High Court while dealing with ble Delhi High Court while dealing with depreciation on goodwill arising on account of slump sale has held depreciation on goodwill arising on account of slump sale has held depreciation on goodwill arising on account of slump sale has held

ASIAN ADVERTISING,MUMBAI vs. ITO 12(3)(4), MUMBAI

Showing 1–20 of 462 · Page 1 of 24

...
22
Section 115J19
Section 143(2)19

In the result, the appeal filed by the assessee firm in ITA N0

ITA 2349/MUM/2013[2007-08]Status: DisposedITAT Mumbai23 Mar 2016AY 2007-08

Bench: Shri Amit Shukla & Shri Ramit Kocharआयकर अपील सं./I.T.A. No. 2349/Mum/2013 ("नधा"रण वष" / Assessment Year : 2007-08) M/S Asian Advertising, Ito – 12(3)(4), बनाम/ 4, Parekh Vora Chambers, Mumbai. V. 66, Nagindas Master Road, Fort,Mumbai – 400 001. "थायी लेखा सं./Pan : Aaafa1477D .. (अपीलाथ" /Appellant) (""यथ" / Respondent)

For Respondent: Shri Ganesh Bare (Sr.DR)
Section 31Section 32Section 37

section 32 of the Income-tax Act. (7)To differentiate a building for grant of additional depreciation by holding it to be a ‘plant’ in one case where the building is specially designed and constructed with some special features to attract the customers and a building not so constructed but used for the same purpose, namely, as a hotel

DCIT RG- 12 (1)(4), MUMBAI vs. ARCHROMA INDIA PVT. LTD., MUMBAI

Appeal is partly allowed

ITA 306/MUM/2019[2014-15]Status: DisposedITAT Mumbai15 Jun 2020AY 2014-15

Bench: Shri Shamim Yahya (Am) & Shri C.N. Prasad (Jm)

Section 170Section 32

section 32 is evidently applicable for the computation of depreciation on assets which have been taken over from the transferor company. Hence the computation of depreciation on assets which have been taken over has to be in accordance with the said proviso. Hence the computation of depreciation on these assets transferred in terms of the said proviso by the assessing

DY CIT CIRCLE- 12(1)(1), MUMBAI vs. M/S ARCHROMA INDIA PVT LTD., THANE

In the result, appeal filed by the revenue is dismissed

ITA 590/MUM/2020[2016-17]Status: DisposedITAT Mumbai29 Jun 2022AY 2016-17

Bench: Shri S. Rifaur Rahman, Hon'Ble & Shri Sandeep Singh Karhail, Hon'Bledcit – Circle – 12(1)(1) V. M/S. Archroma India Pvt. Ltd., Room No. 128C, 1St Floor 9Th Floor, D Building Aayakar Bhavan, M.K. Road Mbc Park, Ghodbunder Road Mumbai - 400020 Kasawadavali, Thane Mumbai - 400615 Pan: Aaaca8270F (Appellant) (Respondent) Assessee By : Shri Madhur Agrawal Department By : Ms. Shailaja Rai

For Appellant: Shri Madhur AgrawalFor Respondent: Ms. Shailaja Rai
Section 170Section 2(42)Section 2(42)(C)Section 32Section 32(1)(ii)Section 50BSection 5O

section 32 is evidently applicable for the computation of depreciation on assets which have been taken over from the transferor company. Hence the computation of depreciation on assets which have been taken over has to be in accordance with the said proviso. Hence the computation of depreciation on these assets transferred in terms of the said proviso by the assessing

DCIT-CENTRAL CIRCLE-3(4), MUMBAI, MUMBAI vs. TRANSWORLD FURTICHEM PRIVATE LIMITED, MUMBAI

In the result, the appeal by the Revenue for the assessment year

ITA 2696/MUM/2025[2020-21]Status: DisposedITAT Mumbai10 Apr 2026AY 2020-21

Bench: Shri Om Prakash Kant

For Appellant: Dr. K. Shivram a/w Shri Rahul HakaniFor Respondent: Shri Himanshu Joshi, SR. DR
Section 250Section 32

depreciation by the assessee on the Trademark on the opening Written Down Value. As a result, Grounds No. 1-3 raised in Revenue’s appeal are dismissed, while grounds raised by the assessee in its cross-objection are allowed 36. Grounds No. 4 and 5, raised in Revenue’s appeal, pertain to the deletion of the disallowance made under section

DCIT-CENTRAL CIRCLE-3(4), MUMBAI, MUMBAI vs. TRANSWORLD FURTICHEM PRIVATE LIMITED, MUMBAI

In the result, the appeal by the Revenue for the assessment year

ITA 2693/MUM/2025[2017-18]Status: DisposedITAT Mumbai10 Apr 2026AY 2017-18

Bench: Shri Om Prakash Kant

For Appellant: Dr. K. Shivram a/w Shri Rahul HakaniFor Respondent: Shri Himanshu Joshi, SR. DR
Section 250Section 32

depreciation by the assessee on the Trademark on the opening Written Down Value. As a result, Grounds No. 1-3 raised in Revenue’s appeal are dismissed, while grounds raised by the assessee in its cross-objection are allowed 36. Grounds No. 4 and 5, raised in Revenue’s appeal, pertain to the deletion of the disallowance made under section

DCIT-CENTRAL CIRCLE-3(4),MUMBAI, MUMBAI vs. TRANSWORLD FURTICHEM PRIVATE LIMITED, MUMBAI

In the result, the appeal by the Revenue for the assessment year

ITA 2695/MUM/2025[2019-20]Status: DisposedITAT Mumbai10 Apr 2026AY 2019-20

Bench: Shri Om Prakash Kant

For Appellant: Dr. K. Shivram a/w Shri Rahul HakaniFor Respondent: Shri Himanshu Joshi, SR. DR
Section 250Section 32

depreciation by the assessee on the Trademark on the opening Written Down Value. As a result, Grounds No. 1-3 raised in Revenue’s appeal are dismissed, while grounds raised by the assessee in its cross-objection are allowed 36. Grounds No. 4 and 5, raised in Revenue’s appeal, pertain to the deletion of the disallowance made under section

DCIT-CENTRAL CIRCLE-3(4),MUMBAI, MUMBAI vs. TRANSWORLD FURTICHEM PRIVATE LIMITED, MUMBAI

In the result, the appeal by the Revenue for the assessment year

ITA 2694/MUM/2025[2018-19]Status: DisposedITAT Mumbai10 Apr 2026AY 2018-19

Bench: Shri Om Prakash Kant

For Appellant: Dr. K. Shivram a/w Shri Rahul HakaniFor Respondent: Shri Himanshu Joshi, SR. DR
Section 250Section 32

depreciation by the assessee on the Trademark on the opening Written Down Value. As a result, Grounds No. 1-3 raised in Revenue’s appeal are dismissed, while grounds raised by the assessee in its cross-objection are allowed 36. Grounds No. 4 and 5, raised in Revenue’s appeal, pertain to the deletion of the disallowance made under section

CYFAST ENTERPRISES P.LTD,MUMBAI vs. DCIT CIR 10(3), MUMBAI

The appeal of the Revenue is allowed

ITA 1878/MUM/2015[2011-12]Status: DisposedITAT Mumbai22 Nov 2016AY 2011-12

Bench: Shri Joginder Singh & Shri N.K. Pradhanassessment Year:2011-12 Cyfast Enterprises Pvt. Ltd. Dcit, Afl House, Circle-10(3), बनाम/ Lok Bharati Complex, Aayakar Bhavan, Vs. Marol Maroshi Road, M.K. Road, Andheri (East), Mumbai-400020 Mumbai-400059 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No. Aaacu4945K "नधा"रती क" ओर से / Assessee By Shri Nitesh Joshi & Shri Sunil Jhunjhunwala राज"व क" ओर से / Revenue By Shri Anandi Verma-Cit-Dr

Section 50B

288 indicating the computation of the net worth of the undertaking or division, as the case may be, and certifying that the net worth of the undertaking or division, as the case may be, has been correctly arrived at in accordance with the provisions of this section. Explanation 1.–For the purposes of this section, ‘‘net worth’’ shall

INCOME TAX OFFICER 41(3)(1), MUMBAI, MUMBAI vs. AJJAY AGARWAL (HUF), MUMBAI

In the result, ITA No.4295/Mum/2023 of revenue is allowed for statistical purposes

ITA 4295/MUM/2023[2011-2012]Status: DisposedITAT Mumbai14 Jun 2024AY 2011-2012

Bench: Shri Anikesh Banerjee & Shri Gagan Goyal

For Appellant: Dr. K. ShivaramFor Respondent: Shri Ajay Chandra, CIT, DR
Section 10ASection 143Section 143(3)Section 250

Depreciation 288,288 To Vehicle Exps. 74,272 To Insurance Exp. 30,329 To Printing & Stationery 933 To Internet Charges 74,484 To Repairs & Maintenance 4,917 To Travelling Exp. 293,751 To Postage & Telegram Exp. 1,373 To Miscellaneous Exp. 16,370 To Business Promotion Exp. 1,326,713 To Rent Rates & Taxes 797,388 To Donation

ITO 2(2)(4), MUMBAI vs. MOBIAPPS INDIA P.LTD, MUMBAI

The appeal of the Revenue is dismissed

ITA 5211/MUM/2013[2008-09]Status: DisposedITAT Mumbai23 Jan 2017AY 2008-09

Bench: Shri Joginder Singh & Shri Ramit Kocharassessment Year: 2008-09 Income Tax Officer-2(2)(4), M/S Mobiapps India Pvt. Ltd. Room No.542, 5Th Floor, 7/10, Borawala Building, बनाम/ Aayakar Bhavan, Horniman Circle, Fort, Vs. M.K. Road, Mumbai-400001 Mumbai-400020 (राज"व /Revenue) ("नधा"रती /Assessee) Pan. No.Aaccm3613L

Section 10ASection 263

288, certifying that the deduction has been correctly claimed in accordance with the provisions of this section. (6) Notwithstanding anything contained in any other provision of this Act, in computing the total income of the assessee of the previous year relevant to the assessment year immediately succeeding the last of the relevant assessment years, or of any previous year, relevant

PEOPLE INERACTIVE (I) P.LTD,MUMBAI vs. PR CIT 7, MUMBAI

The appeals of the assessee are allowed

ITA 3558/MUM/2016[2010-11]Status: DisposedITAT Mumbai28 Dec 2016AY 2010-11

Bench: Shri Joginder Singh & Shri Rajesh Kumar

Section 10ASection 147Section 263

288, certifying that the deduction has been correctly claimed in accordance with the provisions of this section. (6) Notwithstanding anything contained in any other provision of this Act, in computing the total income of the assessee of the previous year relevant to the assessment year immediately succeeding the last of the relevant assessment years, or of any previous year, relevant

PEOPLE INERACTIVE (I) P. LTD,MUMBAI vs. PR CIT 7, MUMBAI

The appeals of the assessee are allowed

ITA 3717/MUM/2016[2011-12]Status: DisposedITAT Mumbai28 Dec 2016AY 2011-12

Bench: Shri Joginder Singh & Shri Rajesh Kumar

Section 10ASection 147Section 263

288, certifying that the deduction has been correctly claimed in accordance with the provisions of this section. (6) Notwithstanding anything contained in any other provision of this Act, in computing the total income of the assessee of the previous year relevant to the assessment year immediately succeeding the last of the relevant assessment years, or of any previous year, relevant

L & T TECHNOLOGIES SERVICES LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 2(2)(1), MUMBAI

In the result, the additional grounds of the assessee are allowed for statistical purposes

ITA 4255/MUM/2023[2015-16]Status: DisposedITAT Mumbai06 Feb 2025AY 2015-16

Bench: Shri B.R. Baskaran & Shri Anikesh Banerjeel&T Technologies Services Ltd Vs Assistant Commissioner Of Income L&T House, N.M. Marg, Tax, Circle 2(2)(1), Mumbai Room No.545, 5Th Floor, Aayakar Mumbai Pan: Aaccl4310P Bhavan, Maharshi Karve Road, Mumbai-400 020 Appellant Respondent

For Appellant: Shri Nitesh JoshiFor Respondent: Dr. K.R. Subhash (CIT- DR)
Section 10ASection 143(3)Section 170Section 2Section 250Section 37Section 90

288 wherein under similar circumstances, depreciation on goodwill from slump sale was allowed under Section 32 of the Act. 7. The Ld. AR further

DCIT-3(4), MUMBAI vs. M/S RELIANCE INDUSTRIES LIMITED, MUMBAI

In the result, both the appeals of the assessee and both the appeals of the revenue are treated as partly allowed

ITA 2587/MUM/2022[2017-18]Status: DisposedITAT Mumbai18 Oct 2023AY 2017-18

Bench: Shri B.R. Baskaran (Am) & Shri Pavan Kumar Gadale (Jm)

Section 14ASection 250(6)Section 32Section 35

depreciation relatable to the steel purchases claimed by the assessee in both the years under consideration. Accordingly, this ground raised by the assessee in both the years are dismissed. 7. Ground Nos. 4 to 6 raised by the assessee in both the years relate to disallowance under section 14A, r.w. Rule 8D of I T Rules. 7.1 The details relating

DCIT- 3(4) , MUMBAI vs. M/S RELIANCE INDUSTRIES LIMITED, MUMBAI

In the result, both the appeals of the assessee and both the appeals of the revenue are treated as partly allowed

ITA 2588/MUM/2022[2018-19]Status: DisposedITAT Mumbai18 Oct 2023AY 2018-19

Bench: Shri B.R. Baskaran (Am) & Shri Pavan Kumar Gadale (Jm)

Section 14ASection 250(6)Section 32Section 35

depreciation relatable to the steel purchases claimed by the assessee in both the years under consideration. Accordingly, this ground raised by the assessee in both the years are dismissed. 7. Ground Nos. 4 to 6 raised by the assessee in both the years relate to disallowance under section 14A, r.w. Rule 8D of I T Rules. 7.1 The details relating

RELIANCE INDUSTRIES LTD.,MUMBAI vs. ACIT CIRCLE 3(4), MUMBAI

In the result, both the appeals of the assessee and both the appeals of the revenue are treated as partly allowed

ITA 2317/MUM/2022[2018-19]Status: DisposedITAT Mumbai18 Oct 2023AY 2018-19

Bench: Shri B.R. Baskaran (Am) & Shri Pavan Kumar Gadale (Jm)

Section 14ASection 250(6)Section 32Section 35

depreciation relatable to the steel purchases claimed by the assessee in both the years under consideration. Accordingly, this ground raised by the assessee in both the years are dismissed. 7. Ground Nos. 4 to 6 raised by the assessee in both the years relate to disallowance under section 14A, r.w. Rule 8D of I T Rules. 7.1 The details relating

RELIANCE INDUSTRIES LIMITED,MUMBAI vs. DY COMMISSIONER OF INCOME TAX CIRCLE-3(4), MUMBAI

In the result, both the appeals of the assessee and both the appeals of the revenue are treated as partly allowed

ITA 2318/MUM/2022[2017-18]Status: DisposedITAT Mumbai18 Oct 2023AY 2017-18

Bench: Shri B.R. Baskaran (Am) & Shri Pavan Kumar Gadale (Jm)

Section 14ASection 250(6)Section 32Section 35

depreciation relatable to the steel purchases claimed by the assessee in both the years under consideration. Accordingly, this ground raised by the assessee in both the years are dismissed. 7. Ground Nos. 4 to 6 raised by the assessee in both the years relate to disallowance under section 14A, r.w. Rule 8D of I T Rules. 7.1 The details relating

GRINDWELL NORTON LTD,MUMBAI vs. ADDL CIT 1(1), MUMBAI

In the result, appeals filed by the assessee are partly allowed and appeal filed by the Revenue is dismissed

ITA 528/MUM/2012[2007-08]Status: DisposedITAT Mumbai27 Jul 2016AY 2007-08

Bench: Shri Amit Shukla & Shri Ashwani Tanejaassessment Year: 2007-08

Section 143(3)Section 144C(3)(a)Section 14ASection 28Section 32Section 41(1)

section 4(c)(i) of the Finance Act, 1964. 15 Grindwell Norton Ltd. The effect of the above-mentioned amendment is that in respect of an assessment for the assessment year 1964- 65 and subsequent years, the value of any benefit or amenity, in cash or kind, arising to an assessee from his business or the exercise of his profession

GRINDWELL NORTON LTD.,MUMBAI vs. ADDL.COMM.OF INCOME TAX-1(1), MUMBAI

In the result, appeals filed by the assessee are partly allowed and appeal filed by the Revenue is dismissed

ITA 5800/MUM/2013[2008-09]Status: DisposedITAT Mumbai27 Jul 2016AY 2008-09

Bench: Shri Amit Shukla & Shri Ashwani Tanejaassessment Year: 2007-08

Section 143(3)Section 144C(3)(a)Section 14ASection 28Section 32Section 41(1)

section 4(c)(i) of the Finance Act, 1964. 15 Grindwell Norton Ltd. The effect of the above-mentioned amendment is that in respect of an assessment for the assessment year 1964- 65 and subsequent years, the value of any benefit or amenity, in cash or kind, arising to an assessee from his business or the exercise of his profession