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3 results for “depreciation”+ Section 45Qclear

Sorted by relevance

Delhi12Hyderabad5Kolkata4Mumbai3Ahmedabad2Amritsar2Chennai2Lucknow1Nagpur1SC1

Key Topics

Section 143(3)3Section 45Q2Section 1192Business Income2

DCIT 14(3)(1), MUMBAI vs. WEST GUJARAT EXPRESSWAY LTD, MUMBAI

In the result, the appeal of Revenue is dismissed and that of assessee is allowed

ITA 634/MUM/2015[2010-11]Status: DisposedITAT Mumbai26 May 2017AY 2010-11

Bench: Sri Mahavir Singh, Jm & Sri N.K. Pradhan, Am Dy. Commissioner Of Income Tax, West Gujarat Expressway Circle 14(3)(1) Ltd. 453 Aayakar Bhavan, M.K. Marg The Il & Fs Financial Centre, Mumbai-400020 Vs. Plot No. C-22, G Block Bkc Complex, Bandra (E) Mumbai-400051 Pin No. Aaacw5862D Appellant .. Respondent West Gujarat Expressway Ltd. Dy. Commissioner Of Income Tax, The Il & Fs Financial Centre, Circle 14(3)(1) Plot No. C-22, G Block Bkc 453 Aayakar Bhavan, M.K. Vs. Complex, Bandra (E) Marg Mumbai-400051 Mumbai-400020 Pin No. Aaacw5862D Appellant .. Respondent

Section 143(3)

depreciation on such type of capital asset. 32. In view of our above findings, this ground of the Revenue is hereby dismissed but on a different footing as discussed above and in terms of our observations made above” 8. When a query was put to the Ld. CIT DR, she has not argued anything on the issue and fairly admitted

WEST GUJARAT EXPRESSWAY LTD,MUMBAI vs. DCIT 14(3)(2), MUMBAI

In the result, the appeal of Revenue is dismissed and that of assessee is allowed

ITA 664/MUM/2015[2010-11]Status: DisposedITAT Mumbai26 May 2017AY 2010-11

Bench: Sri Mahavir Singh, Jm & Sri N.K. Pradhan, Am Dy. Commissioner Of Income Tax, West Gujarat Expressway Circle 14(3)(1) Ltd. 453 Aayakar Bhavan, M.K. Marg The Il & Fs Financial Centre, Mumbai-400020 Vs. Plot No. C-22, G Block Bkc Complex, Bandra (E) Mumbai-400051 Pin No. Aaacw5862D Appellant .. Respondent West Gujarat Expressway Ltd. Dy. Commissioner Of Income Tax, The Il & Fs Financial Centre, Circle 14(3)(1) Plot No. C-22, G Block Bkc 453 Aayakar Bhavan, M.K. Vs. Complex, Bandra (E) Marg Mumbai-400051 Mumbai-400020 Pin No. Aaacw5862D Appellant .. Respondent

Section 143(3)

depreciation on such type of capital asset. 32. In view of our above findings, this ground of the Revenue is hereby dismissed but on a different footing as discussed above and in terms of our observations made above” 8. When a query was put to the Ld. CIT DR, she has not argued anything on the issue and fairly admitted

DCIT - 1(3)(2), MUMBAI vs. AGRASEN URBAN CO.OP.BANK LTD., PUNE

In the result, the appeal by the Revenue stands dismissed

ITA 2874/MUM/2016[2010-11]Status: DisposedITAT Mumbai03 Oct 2018AY 2010-11

Bench: Shri Shamim Yahya, Am & Shri Sandeep Gosain, Jm

For Appellant: Shri Suhas Bora
Section 119Section 143(3)Section 145Section 45Q

45Q of the RBIAct shall have overriding effect over the income re cognition principle followed by cooperative banks. Hence, the 3 Assessing Officer has to follow the Reserve Bank of Indiadirections 1998, as held by the Hon'ble Supreme Court. 10. The Honourable Apex Court in the case of Uco Bank case (supra) had an occasion to consider the nature