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4 results for “depreciation”+ Cash Depositclear

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Key Topics

Section 40A(3)6Addition to Income4Disallowance3Cash Deposit3Section 143(2)2Section 142(1)2Section 2502Section 1472Section 1482Depreciation

MASUDAN TANTI,BHAGALPUR vs. CIT, NFAC, DELHI

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 29/PAT/2023[2013-14]Status: DisposedITAT Patna22 Jul 2024AY 2013-14

Bench: Shri Sanjay Garg & Shri Rakesh Mishraassessment Year: 2013-14

For Appellant: Shri R. N. Bedi, CAFor Respondent: Dr. Lalita Kumari, Sr. DR
Section 142(1)Section 147Section 148Section 250Section 44

cash deposit and withdrawal and while the Ld. AO has not taken into account the withdrawals, the entire deposits have been added to the income of the assessee. 7. As regards the applicability of section 44AD, the same applies to the eligible assessee which is defined as under and the relevant provisions are reproduced as under: “44AD. Special provision

2

GURUDWARA BAL LEELA MAINI SANGAT TRUST,PATNA vs. DC/AC, EXEMPTION, PATNA

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

ITA 299/PAT/2024[2017-18]Status: DisposedITAT Patna01 Jan 2025AY 2017-18

Bench: SHRI SONJOY SARMA, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)

Section 11Section 115Section 12ASection 250Section 69Section 69A

deposited in bank Rs. – 49,88,100/-. 1.2. It is seen that the addition on account of depreciation has been made due to the fact that certain depreciable assets have been treated as application of funds on which depreciation was also charged. Regarding the cash

S.RANJAN & BROTHERS,MUZAFFARPUR vs. DCIT, CIRCLE-1, MUZAFFARPUR

In the result, the appeal of the assessee is allowed

ITA 71/PAT/2021[2017-18]Status: DisposedITAT Patna14 May 2024AY 2017-18

Bench: Rajesh Kumar, Hon’Ble & Shri Sonjoy Sarma, Hon’Bleassessment Year: 2017-18 S. Ranjan & Brothers Dcit, Circle-1, Muzaffarpur Puja Bazar, Motijheel, Muzaffarpur- Vs 842001. Pan: Aaofs 8056 Q (Appellant) (Respondent) Present For: Assessee By : None Revenue By : Shri Sushil Kumar Mishra, Jcit, Dr Date Of Hearing : 09.05.2024 Date Of Pronouncement : 14.05.2024 O R D E R Per Sonjoy Sarma, Jm: This Appeal Of The Assessee For The Assessment Year 2017-18 Is Directed Against The Order Dated 30.08.2021 Passed By The Ld. Commissioner Of Income-Tax (Appeals), Nfac, Delhi [Hereinafter Referred To As ‘The Ld. Cit(A)’].

For Appellant: NoneFor Respondent: Shri Sushil Kumar Mishra, JCIT, DR
Section 143(2)Section 40A(3)

deposits during demonetization period as compared to pre- demonetization period”. Accordingly, statutory notice u/s 143(2) 2 S. Ranjan & Brothers A.Y. 2017-18 and 142(1) of the Act issued to the assessee. In response to the notice, assessee appeared time to time before the AO furnishing various details as asked for. During the assessment proceeding, the ld. AO noticed

I.T.O. vs. M/S KUMAR CONSTRUCLTION,

In the result, the appeal of the Revenue is partly allowed

ITA 10/PAT/2015[2009-10]Status: DisposedITAT Patna17 Oct 2023AY 2009-10

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

Section 142(1)Section 143(2)Section 271(1)(b)Section 40A(3)

deposited for ‘hire charges’, vide letter dated 23-09-2011. The extract of the letter is being reproduced below: “…..please explain whether tax has been deducted on it. If yes, furnish your Form 26Q and challan showing the payment of tax deducted. If not, please explain, why it should not be disallowed u/s 40(a)(ia). ” 14. In response