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2 results for “depreciation”+ Section 43Aclear

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Key Topics

Section 2636Section 143(3)4Section 37(1)4Section 1542Section 402Section 372Section 43A2Section 143(2)2Deduction2Depreciation

M/S. CLASSIC CITI INVESTMENTS PRIVATE LIMITED,PUNE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1), PUNE

In the result, appeal of the assessee in ITA No

ITA 433/PUN/2023[2012-13]Status: DisposedITAT Pune12 Sept 2023AY 2012-13

Bench: Shri R.S. Syal, Hon. Vice- & Shri Partha Sarathi Chaudhury, Hon.

For Appellant: Shri Sanket M. Joshi, CAFor Respondent: Shri Keyur Patel, CIT-DR &
Section 143(2)Section 143(3)Section 154Section 263Section 37Section 37(1)Section 40Section 43A

section 43A of the Income Tax Act is only relating to the foreign exchange rate fluctuation in respect of assets acquired from a country outside India by using foreign currency loans which is not applicable to the indigenous assets acquired out of foreign currency loans. As stated earlier, the appellant had borrowed Term Loan in foreign currency for construction

2
Disallowance2
Addition to Income2

M/S. CLASSIC CITI INVESTMENTS PRIVATE LIMITED,PUNE vs. THE INCOME TAX OFFICER, WARD-1(3), PUNE

In the result, appeal of the assessee in ITA No

ITA 434/PUN/2023[2015-16]Status: DisposedITAT Pune12 Sept 2023AY 2015-16

Bench: Shri R.S. Syal, Hon. Vice- & Shri Partha Sarathi Chaudhury, Hon.

For Appellant: Shri Sanket M. Joshi, CAFor Respondent: Shri Keyur Patel, CIT-DR &
Section 143(2)Section 143(3)Section 154Section 263Section 37Section 37(1)Section 40Section 43A

section 43A of the Income Tax Act is only relating to the foreign exchange rate fluctuation in respect of assets acquired from a country outside India by using foreign currency loans which is not applicable to the indigenous assets acquired out of foreign currency loans. As stated earlier, the appellant had borrowed Term Loan in foreign currency for construction