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2 results for “depreciation”+ Section 80Pclear

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Key Topics

Section 80P(2)2Section 80P2Section 143(2)2Deduction2Disallowance2Addition to Income2

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

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

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

ITA 2/NAG/2025[2017-18]Status: DisposedITAT Nagpur29 Aug 2025AY 2017-18

Bench: Shri Narender Kumar Choudhryassessment Year: 2017-18

For Appellant: Shri Kapil Hirani, Ld. AdvFor Respondent: Shri Surjit Kumar Saha, Ld. Sr. D.R
Section 144Section 250Section 34Section 80P

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 aggrieved, challenged the said additions by filing first appeal before the Ld. Addl./Joint Commissioner, however