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3 results for “depreciation”+ Cash Depositclear

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Key Topics

Disallowance3Addition to Income3Section 143(1)2Section 143(2)2Section 14A2Capital Gains2Short Term Capital Gains2Business Income2

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 2, BELAGAVI vs. M/S NIRANI SUGARS LIMITED, BELAGAVI

In the result, the appeal of the Revenue is dismissed

ITA 178/PAN/2018[2011-12]Status: DisposedITAT Panaji23 Jun 2022AY 2011-12

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

For Appellant: Shri Ashok Kulkarni, AdvFor Respondent: Smt Rijula Uniyal, Sr. DR
Section 139(1)Section 36Section 36(1)(iii)

cash and bank balances were of Rs.74.82 crores, advance income tax of Rs.28 lakhs and CENVAT receivable of Rs.7.81 crores cannot be considered as interest free advance granted thereby leaving trade deposits, cane advances and other advances of Rs.59.90 crores which is hereby considered for interest 4 DCIT v. Nirani Sugars Ltd. not allowable as expenses. The interest on these

SOCIEADADE DE FOMENTO INDL. PVT. LTD.,MARGAO vs. JOINT COMMISSIONER OF INCOME TAX, MARGAO RANGE, MARGAO

In the result, the appeal of the assessee is partly allowed and that of the Revenue is dismissed

ITA 105/PAN/2018[2010-11]Status: DisposedITAT Panaji12 Sept 2022AY 2010-11

Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal

For Appellant: Sh. Nishant Thakkar, AdvocateFor Respondent: Sh. Ranjan Kumar, CIT-DR
Section 143(1)Section 143(2)Section 14A

depreciation in this regard. The ld. Counsel further explained that this contribution towards construction of school building has been 42 ITA.No.105 & 116/PAN./2018 Sociedade De Fomento Industrial Pvt. Ltd., Margao, Goa. made by the assessee to have cordial relation and betterment of the villagers living around the mining activities area of the assessee. The ld. Counsel further submitted that

ACIT, CENTRAL CIRCLE, PANAJI vs. M/S SOCIADADE DE FOMENTO INDUSTRIAL P. LTD, MARGAO

In the result, the appeal of the assessee is partly allowed and that of the Revenue is dismissed

ITA 116/PAN/2018[2010-11]Status: DisposedITAT Panaji12 Sept 2022AY 2010-11

Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal

For Appellant: Sh. Nishant Thakkar, AdvocateFor Respondent: Sh. Ranjan Kumar, CIT-DR
Section 143(1)Section 143(2)Section 14A

depreciation in this regard. The ld. Counsel further explained that this contribution towards construction of school building has been 42 ITA.No.105 & 116/PAN./2018 Sociedade De Fomento Industrial Pvt. Ltd., Margao, Goa. made by the assessee to have cordial relation and betterment of the villagers living around the mining activities area of the assessee. The ld. Counsel further submitted that