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50 results for “depreciation”+ Section 21(5)clear

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Key Topics

Section 143(3)55Section 80I26Section 1125Addition to Income23Disallowance21Deduction19Section 153A17Section 14716Section 14A16Section 263

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, NAGPUR vs. SMT. ANJU AJAY SARAF, NAGPUR

In the result, Revenue’s appeal for the A

ITA 32/NAG/2020[2014-15]Status: DisposedITAT Nagpur28 May 2024AY 2014-15

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

For Appellant: Shri Sudesh BanthiaFor Respondent: Shri Kailash C. Kanojiya
Section 139Section 139(5)Section 143(2)Section 143(3)Section 148Section 5Section 80I

21,570. The Assessing Officer concluded the assessment and the order was passed under section 143(3) of the Act on 06/03/2014, determining total income of ` 1,17,70,744. Thereafter, notice under section 148 of the Act was issued on 29/09/2015, which was duly served upon the assessee. The assessee filed a letter on 07/10/2015, stating that the revised

Showing 1–20 of 50 · Page 1 of 3

15
Depreciation11
Section 14810

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, NAGPUR vs. SMT. ANJU AJAY SARAF, NAGPUR

In the result, Revenue’s appeal for the A

ITA 30/NAG/2018[2012-13]Status: DisposedITAT Nagpur28 May 2024AY 2012-13

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

For Appellant: Shri Sudesh BanthiaFor Respondent: Shri Kailash C. Kanojiya
Section 139Section 139(5)Section 143(2)Section 143(3)Section 148Section 5Section 80I

21,570. The Assessing Officer concluded the assessment and the order was passed under section 143(3) of the Act on 06/03/2014, determining total income of ` 1,17,70,744. Thereafter, notice under section 148 of the Act was issued on 29/09/2015, which was duly served upon the assessee. The assessee filed a letter on 07/10/2015, stating that the revised

DY. COMMISSIONER OF INCOME TAX- CENTRAL-CIRCLE-2(1), NAGPUR, NAGPUR vs. JAYMAHAKALI SHIKSHAN SANSTHA, WARDHA

In the result, Revenue’s appeal for A

ITA 335/NAG/2023[2017-18]Status: DisposedITAT Nagpur03 Apr 2025AY 2017-18

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

For Appellant: Shri Mahavir AtalFor Respondent: Shri Sandipkumar Salunke
Section 11Section 12ASection 13(1)(c)Section 13(3)Section 132Section 133ASection 143(3)Section 164(2)Section 69A

5,57,40,754. The Assessing Officer invoking provisions of section 11(6) of the Act disallowed depreciation by holding that the assessee trust had already claimed the purchase of asset as an application of income. 28. Before the learned CIT(A), it was the submissions of the assessee trust that it only claimed depreciation as an application of income

DY. COMMISSIONER OF INCOME TAX- CENTRAL-CIRCLE-2(1), NAGPUR, NAGPUR vs. JAYMAHAKALI SHIKSHAN SANSTHA, WARDHA

In the result, Revenue’s appeal for A

ITA 336/NAG/2023[2018-19]Status: DisposedITAT Nagpur03 Apr 2025AY 2018-19

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

For Appellant: Shri Mahavir AtalFor Respondent: Shri Sandipkumar Salunke
Section 11Section 12ASection 13(1)(c)Section 13(3)Section 132Section 133ASection 143(3)Section 164(2)Section 69A

5,57,40,754. The Assessing Officer invoking provisions of section 11(6) of the Act disallowed depreciation by holding that the assessee trust had already claimed the purchase of asset as an application of income. 28. Before the learned CIT(A), it was the submissions of the assessee trust that it only claimed depreciation as an application of income

DY. COMMISSIONER OF INCOME TAX- CENTRAL-CIRCLE-2 (1), NAGPUR, NAGPUR vs. JAYMAHAKALI SHIKSHAN SANSTHA, WARDHA

In the result, Revenue’s appeal for A

ITA 337/NAG/2023[2019-20]Status: DisposedITAT Nagpur03 Apr 2025AY 2019-20

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

For Appellant: Shri Mahavir AtalFor Respondent: Shri Sandipkumar Salunke
Section 11Section 12ASection 13(1)(c)Section 13(3)Section 132Section 133ASection 143(3)Section 164(2)Section 69A

5,57,40,754. The Assessing Officer invoking provisions of section 11(6) of the Act disallowed depreciation by holding that the assessee trust had already claimed the purchase of asset as an application of income. 28. Before the learned CIT(A), it was the submissions of the assessee trust that it only claimed depreciation as an application of income

VASANT CO-OP SHETKARI GINNING & PRESSING FACTORY LTD.,YAVATMAL vs. PRINCIPAL COMMISSIONER OF INCOME TAX-II, NAGPUR

In the result, appeal of the assessee is partly allowed in terms of our aforesaid observations

ITA 29/NAG/2021[2016-17]Status: DisposedITAT Nagpur09 May 2022AY 2016-17

Bench: Shri Ravish Sood & Shri Jamlappa D Battullआयकर अपील सं. / Ita No. 29/Nag/2021 "नधा"रण वष" / Assessment Year : 2016-17 The Vasant Co-Op. Shetkari Ginning & Pressing Factory Limited; At. Yavatmal Road, Wani, Tq. Wani, Dist. Yavatmal-440 010 Pan : Aaaat1439M .......अपीलाथ" / Appellant बनाम / V/S. The Pr. Commissioner Of Income Tax-Ii, Nagpur. ……""यथ" / Respondent Assessee By : Shri Pravin Gandhi, Ar Revenue By : Shri Vitthal Bhosale, Dr

For Appellant: Shri Pravin Gandhi, ARFor Respondent: Shri Vitthal Bhosale, DR
Section 143(3)Section 263Section 54G

depreciation @5% was claimed by it. We, thus, in terms of our aforesaid observations not being able to persuade ourselves to uphold the view taken by the Pr. CIT, i.e, as regards the entitlement of the assessee towards indexation of cost of acquisition of the property in question, i.e., land admeasuring 29,228.79 Sq. Mtrs, thus, set-aside his order

ASSTT.COMMISSIONER OF INCOME TAX CIRCLE-5, NAGPUR vs. THE NIRMAL UJWAL CREDIT CO-OP SOCIETY LTD, NAGPUR

In the result, appeal for the A

ITA 391/NAG/2019[2014-15]Status: HeardITAT Nagpur27 Nov 2024AY 2014-15

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

For Appellant: Shri Manoj G. MoryaniFor Respondent: Shri Vikash Agrawal
Section 139(1)Section 143(2)Section 143(3)Section 36(1)(viia)Section 80PSection 80P(2)

depreciation, it clearly indicates the addition is made with the prejudice and unlawful way and therefore needs to be deleted. 18. Further not withstanding anything mentioned in above para, even otherwise, if the expenses on purchase of machines are disallowed, it would ultimately result in increase in gross total income, which is completely deductible under section 80P. Thus, the deduction

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

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

ITA 368/NAG/2023[2015-2016]Status: DisposedITAT Nagpur27 Jun 2024AY 2015-2016

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

For Appellant: Shri M.G.Moryani, AdvocateFor Respondent: Shri Rajat Singhai, Sr. DR
Section 143(3)Section 234ASection 250Section 54F

depreciation thereon. Shri Jeetendra Chandrakant Nayak vs. ACIT (OSD) ITA no. 368/Nag./2023 So too 50% share in the property in the wealth tax proceedings is offered by the assessee and her husband. The note submitted to the Asstt. CIT, City Circle 5(1), Madras, by the assessee discloses that the assessee owned 50% of the property in 828, Poonamallee

THE BULDHANA DISTRICT CENTRAL CO-OP BANK LTD ,BULDHANA vs. DCIT, AKOLA CIRCLE , AKOLA

In the result, appeal filed by the assessee is allowed

ITA 125/NAG/2020[2011-12]Status: DisposedITAT Nagpur12 Dec 2024AY 2011-12

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

For Appellant: Shri Manoj G. MoryaniFor Respondent: Shri Sandipkumar Salunke
Section 143(1)

5,01,70,769, which includes depreciation at ` 21,51,907. In the return of income, this loss was claimed as carried forward. The return of income for the assessment year 2008-09 was accepted under section

RAVINDRA MADANLAL KHANDELWAL,AKOLA vs. DCIT/ACIT CIRCLE , AKOLA

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 375/NAG/2024[2018-19]Status: DisposedITAT Nagpur18 Nov 2024AY 2018-19

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

For Appellant: Shri Mahavir AtalFor Respondent: Shri Sandipkumar Salunke
Section 142(1)Section 143Section 144BSection 68

5,00,000/- in cash in his bank account with SBI Rae Baraeli on 20-7-2009 and it was transferred to Savitri Thakur on 20-7-2009. The donor has not filed any income tax return." 11.1 Similarly in respect of Smt. Sarojini Thakur, result of verification and remarks by the Department is as under: "This donor has ostensibly

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA COAL(INDIA) LTD, NAGPUR

In the result, cross objections No

ITA 480/NAG/2014[2009-10]Status: DisposedITAT Nagpur22 Oct 2019AY 2009-10

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

21-22 CO M/s. Gupta Global ACIT, Central 2009-10 10/NAG/2015 Resources Ltd. (Earlier Circle-2(1) 2010-11 11/NAG/2015 known as Gupta Nagpur. Coalfields & Washeries Ltd.) C/o. Loya Bagri & Co., Chartered Accountants, Gandhibag, Nagpur. PAN:AABCG9561E 5 Group of 22 Cases, Nagpur. Gupta group of cases. Assessee by : None Revenue by : Shri Milind Bhusari & Mrs. Agnes P. Thomas सुनवाई

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA GLOBAL RESOURCES LTD(EAELIER KNOWN AS GUPTA COALFIELDS & WASHHERIES LTD), NAGPUR

In the result, cross objections No

ITA 483/NAG/2014[2007-08]Status: DisposedITAT Nagpur22 Oct 2019AY 2007-08

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

21-22 CO M/s. Gupta Global ACIT, Central 2009-10 10/NAG/2015 Resources Ltd. (Earlier Circle-2(1) 2010-11 11/NAG/2015 known as Gupta Nagpur. Coalfields & Washeries Ltd.) C/o. Loya Bagri & Co., Chartered Accountants, Gandhibag, Nagpur. PAN:AABCG9561E 5 Group of 22 Cases, Nagpur. Gupta group of cases. Assessee by : None Revenue by : Shri Milind Bhusari & Mrs. Agnes P. Thomas सुनवाई

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA COAL(INDIA) LTD, NAGPUR

In the result, cross objections No

ITA 478/NAG/2014[2007-08]Status: DisposedITAT Nagpur22 Oct 2019AY 2007-08

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

21-22 CO M/s. Gupta Global ACIT, Central 2009-10 10/NAG/2015 Resources Ltd. (Earlier Circle-2(1) 2010-11 11/NAG/2015 known as Gupta Nagpur. Coalfields & Washeries Ltd.) C/o. Loya Bagri & Co., Chartered Accountants, Gandhibag, Nagpur. PAN:AABCG9561E 5 Group of 22 Cases, Nagpur. Gupta group of cases. Assessee by : None Revenue by : Shri Milind Bhusari & Mrs. Agnes P. Thomas सुनवाई

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA GLOBAL RESOURCES LTD(EAELIER KNOWN AS GUPTA COALFIELDS & WASHHERIES LTD), NAGPUR

In the result, cross objections No

ITA 484/NAG/2014[2009-10]Status: DisposedITAT Nagpur22 Oct 2019AY 2009-10

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

21-22 CO M/s. Gupta Global ACIT, Central 2009-10 10/NAG/2015 Resources Ltd. (Earlier Circle-2(1) 2010-11 11/NAG/2015 known as Gupta Nagpur. Coalfields & Washeries Ltd.) C/o. Loya Bagri & Co., Chartered Accountants, Gandhibag, Nagpur. PAN:AABCG9561E 5 Group of 22 Cases, Nagpur. Gupta group of cases. Assessee by : None Revenue by : Shri Milind Bhusari & Mrs. Agnes P. Thomas सुनवाई

ASSTT.C,I,.T, CENTRAL CIR, -2(3), NAGPUR vs. M/S GUPTA COALFIELDS & WASHERIES LTD., NAGPUR

In the result, cross objections No

ITA 429/NAG/2014[2005-06]Status: FixedITAT Nagpur22 Oct 2019AY 2005-06

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

21-22 CO M/s. Gupta Global ACIT, Central 2009-10 10/NAG/2015 Resources Ltd. (Earlier Circle-2(1) 2010-11 11/NAG/2015 known as Gupta Nagpur. Coalfields & Washeries Ltd.) C/o. Loya Bagri & Co., Chartered Accountants, Gandhibag, Nagpur. PAN:AABCG9561E 5 Group of 22 Cases, Nagpur. Gupta group of cases. Assessee by : None Revenue by : Shri Milind Bhusari & Mrs. Agnes P. Thomas सुनवाई

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA GLOBAL RESOURCES LTD(EAELIER KNOWN AS GUPTA COALFIELDS 7 WASHHERIES LTD), NAGPUR

In the result, cross objections No

ITA 482/NAG/2014[2006-07]Status: DisposedITAT Nagpur22 Oct 2019AY 2006-07

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

21-22 CO M/s. Gupta Global ACIT, Central 2009-10 10/NAG/2015 Resources Ltd. (Earlier Circle-2(1) 2010-11 11/NAG/2015 known as Gupta Nagpur. Coalfields & Washeries Ltd.) C/o. Loya Bagri & Co., Chartered Accountants, Gandhibag, Nagpur. PAN:AABCG9561E 5 Group of 22 Cases, Nagpur. Gupta group of cases. Assessee by : None Revenue by : Shri Milind Bhusari & Mrs. Agnes P. Thomas सुनवाई

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA GLOBAL RESOURCES LTD(EAELIER KNOWN AS GUPTA COALFIELDS & WASHHERIES LTD), NAGPUR

In the result, cross objections No

ITA 485/NAG/2014[2010-11]Status: DisposedITAT Nagpur22 Oct 2019AY 2010-11

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

21-22 CO M/s. Gupta Global ACIT, Central 2009-10 10/NAG/2015 Resources Ltd. (Earlier Circle-2(1) 2010-11 11/NAG/2015 known as Gupta Nagpur. Coalfields & Washeries Ltd.) C/o. Loya Bagri & Co., Chartered Accountants, Gandhibag, Nagpur. PAN:AABCG9561E 5 Group of 22 Cases, Nagpur. Gupta group of cases. Assessee by : None Revenue by : Shri Milind Bhusari & Mrs. Agnes P. Thomas सुनवाई

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA COAL(INDIA) LTD, NAGPUR

In the result, cross objections No

ITA 479/NAG/2014[2008-09]Status: DisposedITAT Nagpur22 Oct 2019AY 2008-09

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

21-22 CO M/s. Gupta Global ACIT, Central 2009-10 10/NAG/2015 Resources Ltd. (Earlier Circle-2(1) 2010-11 11/NAG/2015 known as Gupta Nagpur. Coalfields & Washeries Ltd.) C/o. Loya Bagri & Co., Chartered Accountants, Gandhibag, Nagpur. PAN:AABCG9561E 5 Group of 22 Cases, Nagpur. Gupta group of cases. Assessee by : None Revenue by : Shri Milind Bhusari & Mrs. Agnes P. Thomas सुनवाई

ASTT.COMMISSIONER OF INCOME TAX,CENTRAL CIR 2(3) R, NAGPUR vs. M GUPTA COALFIELDS & WASHERIES LTD., NAGPUR

In the result, cross objections No

ITA 414/NAG/2014[2008-09]Status: DisposedITAT Nagpur22 Oct 2019AY 2008-09

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

21-22 CO M/s. Gupta Global ACIT, Central 2009-10 10/NAG/2015 Resources Ltd. (Earlier Circle-2(1) 2010-11 11/NAG/2015 known as Gupta Nagpur. Coalfields & Washeries Ltd.) C/o. Loya Bagri & Co., Chartered Accountants, Gandhibag, Nagpur. PAN:AABCG9561E 5 Group of 22 Cases, Nagpur. Gupta group of cases. Assessee by : None Revenue by : Shri Milind Bhusari & Mrs. Agnes P. Thomas सुनवाई

ASSTT. C.I.T, CENTRAL CIR, -2(1), NAGPUR vs. M/S GUPTA COAL(INDIA) LTD, NAGPUR

In the result, cross objections No

ITA 481/NAG/2014[2010-11]Status: DisposedITAT Nagpur22 Oct 2019AY 2010-11

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

21-22 CO M/s. Gupta Global ACIT, Central 2009-10 10/NAG/2015 Resources Ltd. (Earlier Circle-2(1) 2010-11 11/NAG/2015 known as Gupta Nagpur. Coalfields & Washeries Ltd.) C/o. Loya Bagri & Co., Chartered Accountants, Gandhibag, Nagpur. PAN:AABCG9561E 5 Group of 22 Cases, Nagpur. Gupta group of cases. Assessee by : None Revenue by : Shri Milind Bhusari & Mrs. Agnes P. Thomas सुनवाई