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3 results for “depreciation”+ Section 92clear

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Key Topics

Section 1445Section 284Section 2503Section 143(2)3Section 1483Section 1473Section 12A2Section 43(1)2Depreciation2

ACIT vs. INTERNATIONAL SCHOOL OF SOCIAL WELFARE HUMAN RESOURCES,

In the result, the appeal filed by the Revenue is allowed while the Cross Objection filed by the assessee is dismissed

ITA 119/PAT/2011[2005-06]Status: DisposedITAT Patna30 Oct 2024AY 2005-06

Bench: Shri Sanjay Garg & Shri Rakesh Mishra

For Appellant: Shri Abhi Sarkar, AdvFor Respondent: Ld. DR. Lalita Kumari, Sr. DR
Section 12ASection 143(2)Section 144Section 147Section 148Section 250

92,819.20 has escaped assessment. Hence a notice u/s 148 is issued for initiating proceeding u/s 147 of the Income-tax Act, 1961. ii. Reasons to believe dated 16.04.2009: "The assessee, International School of Social Welfare and Human Resources Society, filed its return of income for A.Y. 2005 -06 on 31.10.2005 showing NIL income. A notice

VIKRAMSHILA DUGDH UTPADAK SAHKARI SANGH LTD,BHAGALPUR vs. ACIT, CENTRAL CIRCLE-1, BHAGALPUR

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

ITA 59/PAT/2021[2014-15]Status: DisposedITAT Patna13 Jan 2025AY 2014-15

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

Section 119(2)(b)Section 154Section 250Section 32

section 32 (2) of the Act, the allowance of the part of the allowance to which effect has not been given, shall be added to the amount 3 Vikramshila Dugdh Utpadak Sahkar Sangh Ltd. of the allowance for depreciation for the following previous year and deemed to be part of that allowance or if there is no such allowance

MOTOR MACHINERUY TOOLS,PATNA vs. ACIT, CIRCLE-5, PATNA

In the result, the appeal filed by the assessee is partly allowed

ITA 39/PAT/2020[2011-12]Status: DisposedITAT Patna09 Sept 2021AY 2011-12

Bench: Shri P.M. Jagtap, Vice-(Kz)]

Section 250Section 28Section 43(1)

depreciation was claimed by the assessee. He has contended that this accounting treatment was duly given by the assessee as per Explanation 10 to Section 43(1) of the Act which reads as under: “Explanation 10.—Where a portion of the cost of an asset acquired by the assessee has been met directly or indirectly by the Central Government