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4 results for “depreciation”+ Section 54clear

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Key Topics

Section 294Section 115J4Depreciation4Section 143(3)3Section 260A3Section 69C2Section 402Disallowance2Addition to Income

PRINCIPAL COMMISSIONER OF INCOME TAX FARIDABAD vs. M/S NHPC LTD

The appeals stand disposed of

ITA/336/2015HC Punjab & Haryana20 Sept 2019

Bench: MR. JUSTICE AJAY TEWARI,MR. JUSTICE HARNARESH SINGH GILL

Section 115JSection 143(3)Section 2Section 2(24)Section 24Section 260ASection 28

Depreciation” ignoring the provisions of section 2(24) read with section 28 of the Income Tax Act, 1961, which provides that “income” includes profits and gains and the profits and gains of any business or profession carried on by the assessee at any time during the previous year is taxable?” 3. “Whether, on the facts and in circumstances

2

CHIEF COMMISSIONER OF INCOME TAX OSD LUDHIANA vs. M/S CEIGALL INDIA LTD

ITA/61/2021HC Punjab & Haryana06 Aug 2022

Bench: Cit(A). The Same Was Partly Allowed. The Addition Made By Applying Net Profit Dinesh Kumar 2022.10.16 16:54 I Attest To The Accuracy & Integrity Of This Document

Section 143(3)Section 145Section 145(3)Section 260Section 29Section 40Section 69C

54 I attest to the accuracy and integrity of this document ITA-61-2021 (O&M) 2 rate of 12% on the total gross receipt was reduced to 6.5% of the total gross receipt. Addition under Section 69C of the act on account of unexplained expenditure was deleted. The order passed by CIT(A) was taken in appeal before ITAT

COMMISSIONER OF INCOME TAX-I, CHANDIGARH vs. M/S PUNJAB SMALL INDUSTRIES & EXPORT CORPN. LTD

The appeal stands disposed of

ITA/9/2012HC Punjab & Haryana25 Feb 2020

Bench: MR. JUSTICE AJAY TEWARI,MR. JUSTICE AVNEESH JHINGAN

Section 260A

Section 260A of the Income Tax Act, 1961 against the order dated 23.03.2011 of the Income Tax Appellate Tribunal, Chandigarh passed in ITA No.79/Chandi/2011 for the assessment year 2007-08. [2] Following question of law is claimed:- “Whether on the facts and in the circumstances of the case, the ITAT was right in law in upholding the order

CIT, CHANDIGARH vs. M/S PUNJAB SMALL IND. AND EXPORT CORP. LTD.

The appeal stands disposed of

ITA/705/2008HC Punjab & Haryana25 Feb 2020

Bench: MR. JUSTICE AJAY TEWARI,MR. JUSTICE AVNEESH JHINGAN

Section 260A

Section 260A of the Income Tax Act, 1961 against the order dated 30.05.2008 of the Income Tax Appellate Tribunal, Chandigarh passed in ITA No.611/CHD/2006 for the assessment year 2003-04. [2] Following question of law is claimed:- “Whether on the facts and in the circumstances of the case, the ITAT was right in law in upholding the order