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4 results for “depreciation”+ Section 270Aclear

Sorted by relevance

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Key Topics

Section 270A14Section 683TDS3Addition to Income3Deduction3Depreciation3Section 143(2)2Section 10(14)(i)2Section 10(14)2Penalty

TERRA INFRA DEVELOPMENT LIMITED,NAGPUR vs. ACIT CIRCLE-3, NAGPUR

In the result, appeal filed by the assessee is allowed

ITA 297/NAG/2024[2017-18]Status: HeardITAT Nagpur12 Dec 2024AY 2017-18

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

For Appellant: Shri Kishore P. DewaniFor Respondent: Shri Abhay Y. Marathe
Section 270A

depreciation as discussed in the assessment order. The Assessing Officer also initiated penalty proceeding under section 270A of the Act against

PREMJEET SINGH,DABHA NAGPUR vs. ITO WARD 5(3), NAGPUR

In the result, appeal filed by the assessee is allowed

ITA 521/NAG/2024[AY 2020-2021]Status: DisposedITAT Nagpur26 Dec 2024
2
Disallowance2

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

For Appellant: NoneFor Respondent: Shri Abhay Y. Marathe
Section 10Section 10(14)Section 10(14)(i)Section 10(14)(ii)Section 143(2)Section 147Section 270A

depreciation and related costs for commuting to the office which was not paid separately by the company. The company has paid us for visiting the clients but not for commuting to office. We agree with the proposed adjustment and accept the same for the best interest of the department. However, we hereby request to waive any penalty u/s 270A since

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

section 36(1)(iii) in the books of accounts. 28. It is important to appreciate the financial statements, wherein the application of funds, as contained in Page–27 of the Paper Book is also reproduced below for ready reference:– No. of Figures at the end of Current Particulars Schedule Financial year SOURCE OF FUNDS:– Promoter‟s Fund A Promotor

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

In the result, Department's appeal stands dismissed

ITA 62/NAG/2024[2020-21]Status: DisposedITAT Nagpur03 Mar 2025AY 2020-21
Section 10(1)Section 143(2)Section 14A(1)

depreciation has to be allowed a twice the normal rate". 12. For manufacturing/producing of mushrooms, one building is essentially needed in which the mushrooms are manufactured in racks under certain degree controlled temperature and in the absence of sunlight. This crop cannot be grown on open land under the sunlight and under normal weather conditions. Therefore, it is literally manufactured