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5 results for “depreciation”+ Section 133(6)clear

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Key Topics

Section 80I7Addition to Income3Section 143(3)2Depreciation2Disallowance2

ASHVIN DINESHBHAI JADAV,RAJKOT vs. ITO, WARD-1(1)(1), RAJKOT, RAJKOT

In the result, the appeal of the assessee is allowed

ITA 428/RJT/2025[2015-16]Status: DisposedITAT Rajkot29 Jan 2026AY 2015-16

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

For Appellant: Shri Mehul Ranpura, ARFor Respondent: Shri Abhimanyu Singh Yadav, Sr. DR
Section 133(6)Section 143(2)Section 143(3)Section 250

133(6) on sample basis to depositors which went unattended. Therefore, the assessing officer issued show-cause notice alleging that the assessee had failed to prove identity, genuineness and creditworthiness of depositors. On receipt of the notice, the assessee sought advice from another tax professional and explained the entire case. In response, the assessee submitted a detailed reply dated

THE DY. COMMR. OF INCOME TAX, CIR.-1(1),, RAJKOT-GUJARAT vs. M/S BACKBONE PROJECTS LIMITED.,, AHMEDABAD

In the result, the appeal filed by the Revenue is hereby dismissed

ITA 404/RJT/2017[2013-14]Status: DisposedITAT Rajkot06 Jan 2023AY 2013-14

Bench: Ms. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

Section 142(1)Section 143(3)

section 143(3) r.w.s. 144 of the Income Tax Act, 1961 I.T.A No. 404/Rjt/2017 A.Y. 2013-14 Page No 2 DCIT vs. M/s. Backbone Projects Ltd. (hereinafter referred to as ‘the Act’) relating to the Assessment Year (A.Y) 2013-14. 2. The brief facts of the case is that the assessee is a Company engaged in the business of Civil

THE ACIT, CIRCLE-1,, JAMNAGAR vs. M/S. SENOR METALS PVT. LTD., JAMNAGAR

In the results the appeal of the revenue is dismissed

ITA 260/RJT/2015[2011-12]Status: DisposedITAT Rajkot01 Feb 2022AY 2011-12

Bench: Shri Waseem Ahmed & Ms Suchitra Raghunath Kambleआयकर अपील सं./Ita No. 260/Rjt/2015 िनधा"रण वष"/Asstt. Year:2011-12

For Appellant: Shri Dushyant Maharshi, A.RFor Respondent: Shri Ajay Pratap Singh, C.I.T.D.R
Section 36Section 40Section 43(5)

Depreciation Related to Mfg. 67 68 087 77 55 982 1 73 60 002 1 93 45 151 (Increase )/Decrease in stock Opening stock By product 1 28 206 2 86 589 Work in process 5 86 46 481 6 63 78 651 Finished goods 1 11 79 254 77 63 967 Total 6

THE DY. COMMR. OF INCOME TAX, CIR.-1(2),, RAJKOT-GUJARAT vs. M/S S. KUMAR,, RAJKOT-GUJARAT

In the result, appeal filed by the Revenue is dismissed

ITA 362/RJT/2015[2010-11]Status: DisposedITAT Rajkot31 May 2022AY 2010-11

Bench: Shri Mahavir Prasad, Judicial Memebr & Shri Waseem Ahmed, Accountant Memebr

For Appellant: 10/05/2022For Respondent: Bhavna Yashroy, CIT.DR

133 ITR 884 (Guj) wherein it is held that depreciation is allowable when assessee has started its business, only then assessee can claim the depreciation. The learned CIT.D.R. also cited a judgment of Hon’ble Bombay High Court, Nagpur Bench in case of Dineshkumar Gulabchand Agrawal [2004] 141 TAXMAN 62 (Bom.) wherein it is held that: “If the vehicle

THE ASSISTANT COMMR. OF INCOME TAX, CIRCLE-2(1),, RAJKOT-GUJARAT vs. M/S BHAVANI INDUSTRIES,, RAJKOT-GUJARAT

In the result, the appeal filed by the Revenue is dismissed

ITA 108/RJT/2016[2011-12]Status: DisposedITAT Rajkot30 Sept 2022AY 2011-12

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalआयकर अपील सं./Ita No. 108/Rjt/2016 िनधा"रण वष"/Asstt. Years: 2011-2012 A.C.I.T., M/S Bhavani Industries, Circle-2(1), Vs. C/1-B, 236/3, Gidc, Rajkot. Aji Industrial Estate, Rajkot.

For Appellant: Shri Mehul Ranpura, A.RFor Respondent: Shri Aarsi Prasad, CIT. D.R
Section 80I

133 to 139 of paper book] by Rudrapur unit from Rajkot Unit. From facts and evidence, it is clear that the Rudrapur unit is capable of producing initial goods and there were! manufacturing activities carried out. • Rudrapur Unit was new unit of the respondent firm which has obtained various separate licenses and numbers required to start the new unit