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439 results for “depreciation”+ Set Off of Lossesclear

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Addition to Income65 Section 143(3)61 Disallowance51 Section 143(1)45 Depreciation39 Deduction37 Section 14829 Section 143(2)28 Section 3526 Section 80J22 Section 15422 Section 10A22

DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE -1(1),, PUNE vs. M/S. CUMMINS SALES & SERVICES (I),LTD,(FORMERLY KNOWN AS CUMMINS DIESELS SALES & SERVICE LTD,), PUNE

In the result, the appeal filed by the Revenue stands partly allowed

ITA 2121/PUN/2017[2006-07]Status: DisposedITAT Pune27 Jun 2022AY 2006-07

For Appellant: Shri Ketan VedFor Respondent: Shri Shivraj B. Morey

Section 143(3)Section 14ASection 72ASection 72A(4)

set-off of brought forward business losses of Rs.16,54,99,878/- and unabsorbed depreciation losses of Rs.3,47,20,047/- pertaining

NIHILENT TECHNOLOGIES P.LTD.,PUNE vs. ITO, PUNE

In the result, the appeal of assessee is partly allowed in the terms aforesaid

ITA 2428/PUN/2012[2008-09]Status: DisposedITAT Pune10 May 2018AY 2008-09

Bench: Shri Anil Chaturvedi, Am & Shri Vikas Awasthy, Jm

For Appellant: Shri Nikhil PathakFor Respondent: Shri Rajeev Kumar

Section 115JSection 143(3)Section 92C

depreciation was Rs.7,32,38,000/-. For F.Y. 2006-07, there was positive income of Rs.6,87,59,000/- and the assessee had set off the brought forward loss/depreciation against the said amount. After setting off the amount against the income for F.Y. 2006- 07, the assessee recomputed its brought forward loss

TRIZETTO SERVICES INDIA PRIVATE LIMITED,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, appeal of the assessee is partly allowed

ITA 2537/PUN/2016[2010-11]Status: DisposedITAT Pune28 Mar 2018AY 2010-11

Bench: Ms. Sushma Chowla, Jm & Shri D. Karunakara Rao, Am

For Appellant: Shri K. Venkatachalam &For Respondent: Dr. Vivek Aggarwal

Section 10ASection 115JSection 32(2)

set off of the brought forward unabsorbed business losses against income from other sources amounting to Rs.36,08,764/-. Further, assessee is aggrieved against the direction of the CIT(A) in upholding the AO’s action who stated that the business losses of Rs.18,77,382/- and unabsorbed depreciation

DEPUTY COMMISSIONER OF INCOME-TAX vs. CUMMINS RESEARCH & TECHNOLOGY INDIA PVT. LTD.,, PUNE

In the result, appeal of the Revenue is dismissed

ITA 2073/PUN/2016[2009-10]Status: DisposedITAT Pune20 Jul 2018AY 2009-10

Bench: "याियक सद"य के सम" Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं आयकर अपील सं. / Ita No. 2073/Pun/2016 आयकर अपील सं आयकर अपील सं िनधा"रण वष" िनधा"रण वष" / Assessment Year : 2009-10 िनधा"रण वष" िनधा"रण वष"

For Appellant: Shri Nikhil PathakFor Respondent: Dr. Vivek Aggarwal

Section 10ASection 115J

setting of brought forward business loss and unabsorbed depreciation of earlier years in total disregard to the CBDT Circular No. 7 /DV /2013

M/S. FIAT INDIA AUTOMOBILES PRIVATE LIMITED,PUNE vs. ACIT CIRCLE 1(1), PUNE

In the result, the appeal filed by the assessee in ITA

ITA 1027/PUN/2025[2014-15]Status: DisposedITAT Pune08 Jan 2026AY 2014-15

Bench: SHRI MANISH BORAD (Accountant Member), SHRI VINAY BHAMORE (Judicial Member)

For Appellant: Shri Percy PardiwallaFor Respondent: Shri Amol Khairnar

Section 115JSection 143(3)Section 154

set). Pursuant thereto, the assessee reduced in its books of account for the year ended 31 March 2013 an amount of INR 300 crores being the debit balance in the profit and loss account partly equity share capital.  As the scheme did not specify the manner in which the brought forward business loss (“BFL”) and unabsorbed depreciation

DY. COMMISSIONER OF INCOME TAX CIRCLE-1(1) , PUNE vs. FIAT INDIA AUTOMOBILES PRIVATE LIMITED, PUNE

In the result, the appeal filed by the assessee in ITA

ITA 1098/PUN/2025[2014-15]Status: DisposedITAT Pune08 Jan 2026AY 2014-15

Bench: SHRI MANISH BORAD (Accountant Member), SHRI VINAY BHAMORE (Judicial Member)

For Appellant: Shri Percy PardiwallaFor Respondent: Shri Amol Khairnar

Section 115JSection 143(3)Section 154

M/S. VARDHAN NUTRITIONS AND CHEMICALS PVT. LTD.,,RAIGAD vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, the appeal of assessee is allowed

ITA 662/PUN/2016[2011-12]Status: DisposedITAT Pune15 Oct 2018AY 2011-12

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.662/Pun/2016 यििाारण वषा / Assessment Year : 2011-12 M/S. Vardhan Nutritions & Chemicals Pvt. Ltd., Plot No.535/2, Ershimgathi Road, Old Thana Naka Road, Thana Naka, अऩीऱाथी/Appellant Panvel, Dist. Raigad. …. Pan: Aabcv9194J Vs. The Asst. Commissioner Of Income-Tax, …. प्रत्यथी / Respondent Panvel

For Appellant: Shri Devendra JainFor Respondent: Shri Sanjeev Ghei

Section 143(3)Section 72Section 72(1)

set off of current year’s business loss of ₹ 15,265/- and brought forward depreciation loss of ₹ 17,37,830/- and brought

DCIT, PUNE vs. L B KUNJIR, PUNE

In the result, the two appeals filed by the assessee are allowed and the three appeals filed by Revenue are dismissed

ITA 1088/PUN/2024[2016-17]Status: DisposedITAT Pune05 Jul 2024AY 2016-17

Bench: Shri R. K. Panda & Ms Astha Chandra

For Appellant: Shri Nikhil PathakFor Respondent: Shri Ramnath P Murkunde

Section 115BSection 133ASection 69ASection 69BSection 80I

losses and depreciation of each windmill which has already been set off against other business income of the assessee, cannot

M/S. L.B. KUNJIR,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 7, PUNE, PUNE

In the result, the two appeals filed by the assessee are allowed and the three appeals filed by Revenue are dismissed

ITA 418/PUN/2024[2016-17]Status: DisposedITAT Pune05 Jul 2024AY 2016-17

Bench: Shri R. K. Panda & Ms Astha Chandra

For Appellant: Shri Nikhil PathakFor Respondent: Shri Ramnath P Murkunde

Section 115BSection 133ASection 69ASection 69BSection 80I

losses and depreciation of each windmill which has already been set off against other business income of the assessee, cannot

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-7, PUNE vs. LB KUNJIR, PUNE

In the result, the two appeals filed by the assessee are allowed and the three appeals filed by Revenue are dismissed

ITA 240/PUN/2024[2017-18]Status: DisposedITAT Pune05 Jul 2024AY 2017-18

Bench: Shri R. K. Panda & Ms Astha Chandra

For Appellant: Shri Nikhil PathakFor Respondent: Shri Ramnath P Murkunde

Section 115BSection 133ASection 69ASection 69BSection 80I

losses and depreciation of each windmill which has already been set off against other business income of the assessee, cannot

M/S. L.B. KUNJIR,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 7, PUNE, PUNE

In the result, the two appeals filed by the assessee are allowed and the three appeals filed by Revenue are dismissed

ITA 417/PUN/2024[2015-16]Status: DisposedITAT Pune05 Jul 2024AY 2015-16

Bench: Shri R. K. Panda & Ms Astha Chandra

For Appellant: Shri Nikhil PathakFor Respondent: Shri Ramnath P Murkunde

Section 115BSection 133ASection 69ASection 69BSection 80I

losses and depreciation of each windmill which has already been set off against other business income of the assessee, cannot

DCIT CIRCLE 7, BODHI TOWER SALISBURY PARK vs. L B KUNJIR, PUNE

In the result, the two appeals filed by the assessee are allowed and the three appeals filed by Revenue are dismissed

ITA 1046/PUN/2024[2015-16]Status: DisposedITAT Pune05 Jul 2024AY 2015-16

Bench: Shri R. K. Panda & Ms Astha Chandra

For Appellant: Shri Nikhil PathakFor Respondent: Shri Ramnath P Murkunde

Section 115BSection 133ASection 69ASection 69BSection 80I

losses and depreciation of each windmill which has already been set off against other business income of the assessee, cannot

ADVIK HI TECH PVT LTD,CHAKAN PUNE vs. DY.COMM. OF INCOME TAX, CIRCLE 8, PUNE, AKURDI, PUNE

ITA 1156/PUN/2023[2014-15]Status: DisposedITAT Pune14 May 2024AY 2014-15

Bench: Shri Satbeer Singh Godara & Dr. Dipak P. Ripote

For Appellant: Shri Sharad A Shah &For Respondent: Shri Ramnath P Murkunde

Section 143Section 43(1)

depreciation and losses have already been set off, those loss and depreciation do not go to reduce the gross total

DY. COMMISSIONER OF INCOME TAX , CIRCLE-8, PUNE, PUNE vs. ADVIK HI-TECH PRIVATE LIMITED , PUNE

ITA 1203/PUN/2023[2014-15]Status: DisposedITAT Pune14 May 2024AY 2014-15

Bench: Shri Satbeer Singh Godara & Dr. Dipak P. Ripote

For Appellant: Shri Sharad A Shah &For Respondent: Shri Ramnath P Murkunde

Section 143Section 43(1)

depreciation and losses have already been set off, those loss and depreciation do not go to reduce the gross total

ADVIK HI TECH PVT LTD,PUNE vs. DY.COMM.OF INCOME TAX, CIRCLE 8, PUNE, AKURDI PUNE

ITA 1157/PUN/2023[2018-19]Status: DisposedITAT Pune14 May 2024AY 2018-19

Bench: Shri Satbeer Singh Godara & Dr. Dipak P. Ripote

For Appellant: Shri Sharad A Shah &For Respondent: Shri Ramnath P Murkunde

Section 143Section 43(1)

depreciation and losses have already been set off, those loss and depreciation do not go to reduce the gross total

LAXMINARAYAN RAMSWARUP MANIYAR,JALGAON vs. CIRCLE-1, JALGAON, JALGAON

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

ITA 1203/PUN/2025[2021-22]Status: DisposedITAT Pune12 Nov 2025AY 2021-22

Bench: Shri Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.1203/Pun/2025 िनधा"रण वष" / Assessment Year : 2021-22 Laxminarayan Ramswarup Vs. Acit, Circle-1, Jalgaon. Maniyar, Sitaram Ramswarup, 105, Polan Peth, Dana Bazar, Jalgaon- 425001. Pan : Aaqpm9220L Appellant Respondent Assessee By : Shri Vinay V. Kawdia Revenue By : Shri Harshit Bari Date Of Hearing : 21.08.2025 Date Of Pronouncement : 12.11.2025 आदेश / Order Per Vinay Bhamore, Jm: This Appeal Filed By The Assessee Is Directed Against The Order Dated 13.03.2025 Passed By Ld. Cit(A)/Nfac For The Assessment Year 2021-22. 2. The Assessee Has Raised The Following Grounds Of Appeal :- “1) In The Absence Of Conditions Precedent For Invoking Provisions Of S. 143(1)(A)(Iii) Of The Act, The Learned Cit(A), Nfac Has Erred In Confirming The Adjustment Of Rs. 8,03,196/- Made By Cpc U/S 143(1)(A)(Iii) Of The Act By Denying The Set Off Of Brought Forward Unabsorbed Depreciation Of Earlier Years Against Current Years Income.

For Appellant: Shri Vinay V. KawdiaFor Respondent: Shri Harshit Bari

Section 139(1)Section 143(1)Section 143(1)(a)Section 154

set off of brought forward unabsorbed depreciation loss of earlier years against current years income from House property (Rs.82,085/-) and income

CONSTRUCTION PROTAL PVT. LTD.,,PUNE vs. INCOME-TAX OFFICER,,

In the result, the appeal of the assessee is allowed

ITA 1608/PUN/2014[2006-07]Status: DisposedITAT Pune06 Jun 2018AY 2006-07

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं. / Ita Nos. 1607 & 1608/Pun/2014 िनधा"रण वष" / Assessment Years : 2005-06 & 2006-07

For Appellant: Shri Nilesh Khandelwal & Shri Rajiv ThakkarFor Respondent: Shri Ajay Modi, JCIT

Section 133ASection 69A

losses against such deemed income. In the process, CIT(A) directed the AO to withdraw the benefit of set off granted to the assessee subsequently u/s.154 of the Act to the extent of Rs.42,08,137/-, i.e. on account of unabsorbed depreciation

CONSTRUCTION PROTAL PVT. LTD.,,PUNE vs. INCOME-TAX OFFICER,, PUNE

In the result, the appeal of the assessee is allowed

ITA 1607/PUN/2014[2005-06]Status: DisposedITAT Pune06 Jun 2018AY 2005-06

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं. / Ita Nos. 1607 & 1608/Pun/2014 िनधा"रण वष" / Assessment Years : 2005-06 & 2006-07

For Appellant: Shri Nilesh Khandelwal & Shri Rajiv ThakkarFor Respondent: Shri Ajay Modi, JCIT

Section 133ASection 69A

HOTEL AYODHYA,KOLHAPUR vs. INCOME TAX OFFICER, KOLHAPUR

In the result, the appeal of the assessee is allowed

ITA 150/PUN/2025[AY 2021-22]Status: DisposedITAT Pune27 Mar 2025

Bench: SHRI MANISH BORAD (Accountant Member), SHRI S. S. VISWANETHRA RAVI (Judicial Member)

For Appellant: Shri Pramod S. ShingteFor Respondent: Shri Manoj Tripathi

Section 143(1)Section 143(1)(a)Section 32(2)Section 72Section 72(1)Section 73

loss (which comprises of unabsorbed depreciation) can be carried forward and set off against the profit and gains of any business

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-7 PUNE, PUNE vs. L B KUNJIR, PUNE

In the result, appeal of the Revenue is dismissed

ITA 1255/PUN/2023[2020-21]Status: DisposedITAT Pune26 Mar 2024AY 2020-21

Bench: Shri Partha Sarathi Chaudhury & Dr. Dipak P. Ripoteआयकर अपील सं. / Ita No.1255/Pun/2023 िनधा"रण वष" / Assessment Year : 2020-21 The Deputy Commissioner L B Kunjir, Of Income Tax, V S.No.52/1 Swanand Circle-7, Pune. S Building, Shree Ram Hsg Society, Kharadi, Chandanagar, Pune – 411037. Pan: Aabfl9816E Appellant / Revenue Respondent / Assessee Assessee By Shri Nikhil Pathak – Ar Revenue By Shri R.Y.Balawade – Addl.Cit Date Of Hearing 12/03/2024 Date Of Pronouncement 26/03/2024 आदेश/ Order

Section 250Section 80Section 80I

losses and depreciation of eligible business even when the same had been set off against income from non-eligible business

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