ACIT CEN CIR CIR-34, MUMBAI vs. PRISM CEMENT LTD, MUMBAI

Appeals are disposed of in terms

Bench: Shri Joginder Singh & Shri Rajendra

depreciation to be allowed with reference to such increased/decreased cost. This position is also made clear by Circular No. 5-P dated 9.10.1967 issued by CBDT. One more point needs to be mentioned. Section 43A (unamended) corresponds to para 10 of AS-11 similarly providing for adjustment in the carrying cost of fixed assets acquired in foreign currency

DCIT CEN CIR 34, MUMBAI vs. PRISM CEMENT LTD, MUMBAI

Appeals are disposed of in terms

Bench: Shri Joginder Singh & Shri Rajendra

depreciation to be allowed with reference to such increased/decreased cost. This position is also made clear by Circular No. 5-P dated 9.10.1967 issued by CBDT. One more point needs to be mentioned. Section 43A (unamended) corresponds to para 10 of AS-11 similarly providing for adjustment in the carrying cost of fixed assets acquired in foreign currency

ADDL CIT CEN CIR IX, MUMBAI vs. PRISM CEMENT LTD, MUMBAI

Appeals are disposed of in terms

Bench: Shri Joginder Singh & Shri Rajendra

depreciation to be allowed with reference to such increased/decreased cost. This position is also made clear by Circular No. 5-P dated 9.10.1967 issued by CBDT. One more point needs to be mentioned. Section 43A (unamended) corresponds to para 10 of AS-11 similarly providing for adjustment in the carrying cost of fixed assets acquired in foreign currency

ACIT CC -6(1), MUMBAI, BKC, MUMBAI vs. PRISM JOHNSON LIMITED, MUMBAI

In the result, captioned appeals by the revenue are dismissed

35E of the Act, disallowance u/s 40A(9) of the Act and\nclaim of depreciation in respect of badminton court. The claim in respect\nof Sales Tax/VAT subsidy was taken before the Tribunal by way of an\nadditional ground and the claim of the assessee was that the said\nsubsidy is a capital receipt. While deciding the issue on additional

ULTRATECH CEMENT LTD,MUMBAI vs. DCIT CEN CIR 1(4), MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly allowed as indicated above

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

depreciation spilled over from earlier year amounting to Rs 24,12,51,789 u/s 32 (1) of the IT Act in respect of assets was put to use for less than 180 days in FY 2009-10. 3) On the facts and in the circumstances of the case and in law, the learned Commissioner of Income tax (Appeals) has erred

DCIT -CC-1(4), MUMBAI vs. ULTRATECH CEMENT LTD. , MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

depreciation spilled over from earlier year amounting to Rs 24,12,51,789 u/s 32 (1) of the IT Act in respect of assets was put to use for less than 180 days in FY 2009- 10. 3) On the facts and in the circumstances of the case and in law, the learned Commissioner of Income tax (Appeals) has erred

DCIT - CC - 1(4), MUMBAI vs. ULTRATECH CEMENT LTD., MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

depreciation spilled over from earlier year amounting to Rs 24,12,51,789 u/s 32 (1) of the IT Act in respect of assets was put to use for less than 180 days in FY 2009- 10. 3) On the facts and in the circumstances of the case and in law, the learned Commissioner of Income tax (Appeals) has erred

DCIT- CC- 1(4), MUMBAI vs. ULTRATECH CEMENT LTD., MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

depreciation spilled over from earlier year amounting to Rs 24,12,51,789 u/s 32 (1) of the IT Act in respect of assets was put to use for less than 180 days in FY 2009- 10. 3) On the facts and in the circumstances of the case and in law, the learned Commissioner of Income tax (Appeals) has erred

ULTRATECH CEMENT LTD,MUMBAI vs. DCIT CEN CIR 1(4), MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

depreciation spilled over from earlier year amounting to Rs 24,12,51,789 u/s 32 (1) of the IT Act in respect of assets was put to use for less than 180 days in FY 2009- 10. 3) On the facts and in the circumstances of the case and in law, the learned Commissioner of Income tax (Appeals) has erred

ULTRATECH CEMENT LTD,MUMBAI vs. DCIT CEN CIR 1(4), MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

depreciation spilled over from earlier year amounting to Rs 24,12,51,789 u/s 32 (1) of the IT Act in respect of assets was put to use for less than 180 days in FY 2009- 10. 3) On the facts and in the circumstances of the case and in law, the learned Commissioner of Income tax (Appeals) has erred

ULTRATECH CEMENT LTD,MUMBAI vs. DCIT CEN CIR 1(4), MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

depreciation spilled over from earlier year amounting to Rs 24,12,51,789 u/s 32 (1) of the IT Act in respect of assets was put to use for less than 180 days in FY 2009- 10. 3) On the facts and in the circumstances of the case and in law, the learned Commissioner of Income tax (Appeals) has erred

JT. CIT (OSD)- CC - 1(4), MUMBAI vs. ULTRATECH CEMENT LTD., MUMBAI

In the result appeals and Cross Objection of the assessee for Assessment Years 2011-12, 2012, 2013-14 and 2014-15 are partly allowed as indicated above

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

depreciation spilled over from earlier year amounting to Rs 24,12,51,789 u/s 32 (1) of the IT Act in respect of assets was put to use for less than 180 days in FY 2009-10. 3) On the facts and in the circumstances of the case and in law, the learned Commissioner of Income tax (Appeals) has erred

ULTRATECH CEMENT LTD,MUMBAI vs. DCIT CC 1(4), MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. Rifaur Rahman, Hon'Blem/S. Ultratech Cement Limited V. Dcit, Central Circle-1(4) Ahura Centre, ‘B’ Wing 2Nd Floor Room No. 902, 9Th Floor Mahakali Caves Road Pratishtha Bhavan, Old Cgo Annexe Maharishi Karve Road Andheri (E), Mumbai- 400093 Mumbai- 400020 Pan: Aaacl6442L (Appellant) (Respondent) Dcit, Central Circle-1(4) V. M/S. Ultratech Cement Limited Room No. 902, 9Th Floor Ahura Centre, ‘B’ Wing 2Nd Floor Mahakali Caves Road Pratishtha Bhavan, Old Cgo Annexe Maharishi Karve Road Andheri (E), Mumbai- 400093 Mumbai- 400020 Pan: Aaacl6442L (Appellant) (Respondent)

depreciation u/s 32 of the IT Act amounting to Rs.35,17,817/- in respect of capital assets acquired and used for the purpose of corporate social responsibility 6. On the facts and in the circumstances of the case and in law, the learned CIT(A) has erred in not allowing full credit of TDS/TCS claimed on the basis of certificates

DY CIT CC 1(4), MUMBAI vs. M/S ULTRATECH CEMENT LTD , MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. Rifaur Rahman, Hon'Blem/S. Ultratech Cement Limited V. Dcit, Central Circle-1(4) Ahura Centre, ‘B’ Wing 2Nd Floor Room No. 902, 9Th Floor Mahakali Caves Road Pratishtha Bhavan, Old Cgo Annexe Maharishi Karve Road Andheri (E), Mumbai- 400093 Mumbai- 400020 Pan: Aaacl6442L (Appellant) (Respondent) Dcit, Central Circle-1(4) V. M/S. Ultratech Cement Limited Room No. 902, 9Th Floor Ahura Centre, ‘B’ Wing 2Nd Floor Mahakali Caves Road Pratishtha Bhavan, Old Cgo Annexe Maharishi Karve Road Andheri (E), Mumbai- 400093 Mumbai- 400020 Pan: Aaacl6442L (Appellant) (Respondent)

depreciation u/s 32 of the IT Act amounting to Rs.35,17,817/- in respect of capital assets acquired and used for the purpose of corporate social responsibility 6. On the facts and in the circumstances of the case and in law, the learned CIT(A) has erred in not allowing full credit of TDS/TCS claimed on the basis of certificates

M/S. TATA CHEMICAL LTD.,MUMBAI vs. JT. CIT RG. 1, MUMBAI

In the result, appeal of the Assessee and Revenue are partly allowed for statistical purpose

Bench: Shri C.N. Prasad & Shri Ashwani Taneja

35E of the Act on these expenses and therefore this ground becomes otiose. Thus this ground is dismissed as infructuous. 3.1 Ground No.2 is relating to issue of disallowance of entertainment expenses. The Assessee’s claim is that a deduction of 50% should be allowed for accompanying staff members. The Ld. CIT (Appeals) has allowed 25% for accompanying staff members