JEETENDRA CHANDRAKANT NAYAK,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOM TAX(OSD), NAGPUR

In the result, the appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

depreciation under section 32 of the Act and as a consequence to this decision the Legislature had to amend the provisions of section 32 with effect from 1-4-1997 by using the expression “owned wholly or partly”. Since no such words are expressively mentioned in Section 54F, in our considered view the word “own” in section 54F would include

DREAMZ INFRASTRUCTURE ,AMRAVATI vs. NATIONAL E-ASSESSMENT CENTRE, DELHI

In the result, assessee’s appeal is allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

depreciation as per Income Tax Act. The addition made by AO is without affording any opportunity to the assessee. The same be deleted. 3. That the C.I.T. (Appeals) erred in confirming the disallowance of Rs. 80,69,310/- at 5% on the allegation that amount is spent in respect of land contribution by 7 partners is unjust. In fact

TAJSHREE MOTORS PVT LTD,NAGPUR vs. DCIT/ACIT CIRCLE-4, NAGPUR

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

Bench: Shri Pawan Singh & Shri Khettra Mohan Roytajshree Motors Pvt. Ltd., Dict/Acit, Circle– 4, 17, Tajshree Estate, Vs Nagpur Nandanwan, Nagpur. Pan : Aacct 9187 G Assessee Respondent

section 250 of the Income Tax Act, 1961 (for short, “Act”) which is arising out of assessment order passed u/s. 147 r.w.s. 144 r.w.s. 144B of the Act, dated 25.03.2023 for the Assessment Year 2018-19. 2. Brief facts of the case are that assessee-company did not choose to file the return of income for AY 2018-19. Based

GIRAD GRAMIN SAHAKARI PAT SANSTHA,WARDHA vs. ITO WARD-1, WARDHA

In the result, the Assessee’s appeal is allowed for statistical purposes

Bench: Shri Narender Kumar Choudhryassessment Year: 2017-18

144 of the Act disallowed the deduction claimed to the tune of Rs.5,81,751/- u/s 80P of the Act and also made the addition of Rs.487/- on account of difference in depreciation and the addition of Rs.48,360/- on account of disallowance claimed as deduction by the Assessee. 3 M/s. Girad Gramin Sahakari Pat Sanstha 6. The Assessee, being

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-4,, NAGPUR vs. SONU MONU AGRO PRIVATE LIMITED, NAGPUR

In the result, Department's appeal stands dismissed

depreciation has to be allowed a twice the\nnormal rate\".\n12. For manufacturing/producing of mushrooms, one building is essentially\nneeded in which the mushrooms are manufactured in racks under certain\ndegree controlled temperature and in the absence of sunlight. This crop cannot\nbe grown on open land under the sunlight and under normal weather\nconditions. Therefore, it is literally manufactured

ANIRUDHA HARIHAR MANDAL,NAGPUR vs. ITO WARD 4(4), , NAGPUR

The appeal of the assessee is allowed for statistical purposes

Bench: Hon’Ble Shri S. S. Godara & Shri G. D. Padmahshaliआयकर अपऩल सं. / Ita No. 390/Nag/2023 निर्धारण वषा / Assessment Year : 2020-21 Anirudha Harihar Mandal 335, New Nandanwan, Nagpur-440009 Pan: Agopm9294J . . . . . . . अपीलार्थी / Appellant

144 of the Act. While assessing the income the ITAT-Nagpur Page 2 of 4 Anirudha Harihar Mandal Vs ITO. Ld. AO made various disallowance owning to absence of evidences in support of claims made by the assessee, which inter alia includes (i) disallowance of depreciation claimed against additions to plant & machinery (ii) unexplained unsecured loans/credits (iii) unexplained additions