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2 results for “depreciation”+ Carry Forward of Lossesclear

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Key Topics

Section 143(3)2Section 1482Depreciation2

COMMISSIONER OF INCOME TAX vs. M/S.NEELACHAL ISPAT NIGAM LTD.

In the result, this Income Tax Appeal is allowed, setting

ITA/11/2018HC Orissa16 Mar 2022

Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK

Section 143(3)

carried forward loss), which included depreciation loss of Rs.1,88,52,496/- (pertaining to the assessment years 1996-97 to 2009-10) and loss

INDUSTRIAL INCUBATOR vs. DY.COMMNR.OF I.T.

ITA/179/2004HC Orissa10 Nov 2021

Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE ADITYA KUMAR MOHAPATRA

Section 142(1)Section 143(3)Section 148

carried forward deficit to the extent of Rs.2,94,970. In the course of the assessment proceedings for the AY 1995-96 it was noticed that the Assessee had claimed depreciation on certain plant and machinery at 100% of their cost and had also claimed depreciation STREV No.28 of 2006 Page 3 of 6 on ponds and reservoirs treating them