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3 results for “depreciation”+ Section 12A(2)clear

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Mumbai264Delhi208Bangalore169Chennai90Kolkata40Ahmedabad39Jaipur39Lucknow33Pune24Visakhapatnam22Hyderabad22Karnataka22Chandigarh19Cuttack16Amritsar14Cochin11Indore10Agra5Nagpur4Patna3Rajkot3Dehradun2Raipur2Jodhpur2Panaji2Surat2Telangana2SC1

Key Topics

Charitable Trust3Exemption3Depreciation3Section 12A2Section 112Section 1542Deduction2Disallowance2

DR. SUBHASH PETHALJI CHAVDA AHIR KELVANI MANDAL,RAJKOT-GUJARAT vs. THE INCOME TAX OFFICER(EXEMPTION), WARD-2,, RAJKOT

The appeal of the assessee is allowed

ITA 425/RJT/2017[2014-15]Status: DisposedITAT Rajkot01 Jun 2022AY 2014-15
For Appellant: Shri Vimal Desai, A.RFor Respondent: Shri Nihar Ranjan Samal, Sr.D.R
Section 11Section 12ASection 250(6)Section 271Section 32Section 35(2)(iv)

2, Rajkot has erred in law and facts in disallowing claim of depreciation of Rs. 32,70,994/-, which may kindly allowed and justice be done. 5. Before us, ld. Counsel for the assessee pointed out that the issue stands covered as settled in favour of the assessee by the decision of the Hon’ble Apex Court in the case

SWAMINARAYAN SEVA NIKETAN,,JUNAGADH vs. INCOME TAX OFFICER (EXEMPTION), WARD-2,, RAJKOT

In the result, appeal filed by the Assessee is allowed

ITA 399/RJT/2017[2014-15]Status: DisposedITAT Rajkot27 Sept 2021AY 2014-15

Bench: Shri Mahavir Prasad & Shri Amarjit Singh) [Through Virtual Court]

For Appellant: Smt. Astha Maniar, A.RFor Respondent: Shri S. S. Rathi, A.R
Section 12(2)

12A, even though expenditure incurred for acquisition of capital assets was treated as application of income for charitable purposes under section 11(1)(a), yet depreciation would be allowed on assets so purchased - Held, yes [Para 5] [In favour of assessee].” 12. ITAT, Ahmedabad Co-ordinate Bench in the case of Gujarat Cricket Association vs. Assistant Director of Income

M/S. SIDDHI VINAYAK EDUCATION TRUST,JAMNAGAR vs. THE ITO, EXEMPTION WARD-2, RAJKOT

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

ITA 136/RJT/2020[2012-13]Status: DisposedITAT Rajkot30 Sept 2021AY 2012-13

Bench: Shri Mahavir Prasad & Shri Amarjit Singh) [Through Virtual Court]

For Appellant: Shri D. M. Rindani, A.RFor Respondent: Shri S. S. Rathi, Sr. D.R
Section 12ASection 154

Section Road, Jamnagar PAN No. AADTS7934A (Appellant) (Respondent) Appellant by : Shri D. M. Rindani, A.R. Respondent by : Shri S. S. Rathi, Sr. D.R. (आदेश)/ORDER Date of hearing : 15 -09-2021 Date of Pronouncement : 30-09-2021 PER MAHAVIR PRASAD, J.M. 1. These appeals have been filed by the Assessee are directed against the order of the Commissioner of Income