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28 results for “depreciation”+ Carry Forward of Lossesclear

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Mumbai2,991 Delhi1,284 Kolkata615 Bangalore540 Chennai471 Ahmedabad316 Pune164 Jaipur149 Raipur148 Hyderabad128 Chandigarh125 Karnataka117 Surat72 Cuttack58 Visakhapatnam51 Indore47 Rajkot46 Ranchi41 Amritsar38 Nagpur38 Cochin37 Lucknow32 Guwahati29 SC28 Jodhpur13 Telangana12 Varanasi7 Kerala7 Patna7 Calcutta6 Panaji4 Jabalpur4 Allahabad3 Orissa2 Punjab & Haryana2 Rajasthan1 ASHOK BHAN DALVEER BHANDARI1 D.K. JAIN H.L. DATTU JAGDISH SINGH KHEHAR1 Dehradun1 Gauhati1 Himachal Pradesh1 Agra1

Key Topics

Section 8017 Section 80H14 Depreciation13 Section 10B11 Deduction11 Section 7210 Section 328 Section 1438 Section 115J7 Section 43(6)(b)

COMMISSIONER OF INCOME TAX vs. MAHENDRA MILLS

The appeal is dismissed

C.A. No.-005394-005394 - 1994Supreme Court15 Mar 2000

For Respondent: MAHENDRA MILLS

Section 32Section 34Section 72Section 73

depreciation thereafter if he so desired. There was, thus, basic difference in carry forward loss and carry forward unabsorbed depreciation

THE PRINCIPAL COMMISSIONER OF INCOME TAX III, BANGALORE vs. M/S WIPRO LIMITED

C.A. No.-001449-001449 - 2022Supreme Court11 Jul 2022

HON'BLE MR. JUSTICE M.R. SHAH

Showing 1–20 of 28 · Page 1 of 2

5

Addition to Income5

Bench:

Section 10BSection 139(1)Section 72

carrying forward of losses under Section 72 of the IT Act. That such a claim could not have been made while submitting the revised return of income. That the revised return of income can be filed under Section 139(5) of the IT Act only to remove the omission and mistake and/or correct the arithmetical error. It is submitted that

M/S KARNATAKA SMALL S.INDT.DEV.COR.LTD. vs. COMMISSIONER OF INCOME-TAX,BANGALORE

C.A. No.-000823-000823 - 2000Supreme Court03 Dec 2002

For Respondent: Commissioner of Income Tax, Bangalore

Section 115Section 115JSection 115J(1)Section 256(1)Section 28Section 32Section 72Section 73Section 74Section 74A

losses, depreciation, investment allowance etc. which otherwise could have been carried forward, to be carried forward. This construction of sub sections

M/S. SYNCO INDUSTRIES LTD. vs. ASSESSING OFFICER,INCOME TAX MUMBAI &ANR

C.A. No.-004190-004191 - 2002Supreme Court13 Mar 2008

For Respondent: Assessing Officer, Income Tax,Mumbai & Anr

Section 260Section 80Section 80ASection 80GSection 80HSection 80J

losses. Section 32(2) makes provisions for carry forward and set off of the unabsorbed depreciation of a particular year

ASSISTANT COMMISSIONER OF INCOME TAX vs. RAJESH JHAVERI STOCK BROKERS PVT.LTD

The appeal is allowed without

C.A. No.-002830-002830 - 2007Supreme Court23 May 2007

For Respondent: Rajesh Jhaveri Stock Brokers Pvt. Ltd

Section 139Section 142Section 143Section 143(1)Section 143(3)Section 147Section 148Section 36(1)(vii)Section 36(2)

carried forward, deduction, allowance or relief claimed in the return, which, on the basis of the information available in such return, accounts or documents, is prima facie inadmissible, shall be disal1owed: Provided further that an intimation shall be sent to the assessee whether or not any adjustment has been made under the first proviso and notwithstanding that

RAJASTHAN STATE ELECTRICITY BOARD JAIPUR vs. THE DY. COMMISSIONER OF INCOME TAX (ASSESSMENT)

In the result, we allow the appeal, set aside the

C.A. No.-008590-008590 - 2010Supreme Court19 Mar 2020

Bench: HON'BLE MRS. JUSTICE R. BANUMATHI

Section 143Section 143(1)(a)Section 143(2)Section 154Section 264Section 32(2)Section 617

carried 6 forward to future years to be set off against profits and it did not in any manner affect business loss. He submits that business loss suffered by the assessee had not reduced because of the bonafide mistake committed by the appellant in calculating the depreciation

M/S. VEECUMSEES, MADRAS vs. COMMISSIONER OF INCOME TAX, MADRAS

The appeal is allowed

C.A. No.-007660-007662 - 1996Supreme Court26 Apr 1996

For Respondent: COMMISSIONER OF INCOME TAX, MADRAS

Section 36(1)(iii)

losses and carry forward depreciation. http://JUDIS.NIC.IN SUPREME COURT OF INDIA Page 3 of 3 Learned counsel for the assesses

PRIDE FORAMER S.A. vs. COMMISSIONER OF INCOME TAX

C.A. No.-004395-004397 - 2010Supreme Court17 Oct 2025

Bench: HON'BLE THE CHIEF JUSTICE

Section 32(2)Section 37

loss against income under any other head subject to the conditions provided in Section 71 of the Act. 10. Section 32(2) provides unabsorbed depreciation allowance of a previous year may be carried forward

PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL) 2 vs. M/S MAHAGUN REALTORS (P) LTD

The appeal is allowed, in the above terms, without order on costs

C.A. No.-002716-002716 - 2022Supreme Court05 Apr 2022

Bench: HON'BLE THE CHIEF JUSTICE

Section 143(2)Section 153ASection 276C

carry forward of loss, depreciation, all bear out that under the Act, (a) the business-including the rights, assets and liabilities

COMMISSIONER OF INCOME TAX CHENNAI vs. TULSYAN NEC LTD

C.A. No.-010677-010679 - 2010Supreme Court16 Dec 2010

forward or unabsorbed depreciation, whichever is less as per books of account. Explanation.—For the purposes of this clause, the loss shall not include depreciation; or (iv) the amount of profits derived by an industrial undertaking from the business of generation or generation and distribution of power; or (v) the amount of profits derived by an industrial undertaking located

M/S DALMIA POWER LTD. vs. THE ASSISTANT COMMISSIONER OF INCOME TAX

Appeals are allowed

C.A. No.-009496-009499 - 2019Supreme Court18 Dec 2019

Bench: HON'BLE MS. JUSTICE INDU MALHOTRA

Section 139Section 139(5)

carrying forward losses, unabsorbed depreciation etc. 5. The counsel appearing for the Department relied on Section 139(5) and 119(2)(b) of the Income

MALAYALA MANORAMA CO LTD. vs. COMMR.OF INCOME TAX, TRIVANDRUM

The appeals are allowed and the

C.A. No.-005420-005423 - 2002Supreme Court10 Apr 2008

For Respondent: Commissioner of Income Tax,Trivandrum

Section 115JSection 33Section 80Section 80V

carried to any reserve, provision made for liabilities other than ascertained liabilities, provision for losses of subsidiary companies, etc., if the amounts are debited to the profit and loss account. Liabilities relating to expenditure which has been incurred or which has accrued in respect of expenses which are otherwise deductible in computing income will not be added back. The amount

COMMISSIONER OF INCOME TAX, MADRAS vs. M/S. LUCAS T.V.S. LTD. PADI CHENNAI

The appeals are allowed to the aforesaid extent

C.A. No.-005950-005952 - 2007Supreme Court14 Dec 2007

For Respondent: M/s Lucas T.V.S. Ltd. Padi Chennai

Section 32ASection 33Section 43A(1)

depreciation in respect of such machinery or plant has been allowed or is allowable under the provisions of the Indian Income-tax Act, 1922 (11 of 1922), or this Act in computing the total income of any person for any period prior to the date of the installation of the machinery or plant by the assessee, (2) An industrial undertaking

PLASTIBLENDS INDIA LIMITED THROUGH ITS CHAIRMAN AND MANAGING DIRECTOR vs. ADDL.COMMISSIONER OF INCOME TAX RANGE 8(2) MUMBAI

C.A. No.-000238-000238 - 2012Supreme Court09 Oct 2017

Bench: HON'BLE MR. JUSTICE A.K. SIKRI

Section 143(1)(a)Section 32Section 80

depreciation, the AO allowed deduction on this account as well in respect of the same in the sum of Rs.2,13,89,379/- while computing the profit and gains of business. After reducing the gross total income by the brought forward loss of Rs.98,47,170/-, he determined the business loss to be carried

ASSTT DIRECTOR OF INCOME TAX I NEW DELHI vs. M/S E FUNDS IT SOLUTION INC

C.A. No.-006082-006082 - 2015Supreme Court24 Oct 2017

Bench: HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN

depreciation, investment losses, deductible expenses, carry- forward and set-off losses, etc. However, deviations are made by DTAA in cases

COMMR.OF INCOME TAX,DIBRUGARH vs. DOOM DOOMA INDIA LTD

C.A. No.-001094-001094 - 2009Supreme Court18 Feb 2009

Section 260ASection 28Section 32Section 32(1)(i)Section 32(1)(ii)Section 43(6)(b)

carry forward and unabsorbed depreciation allowances to any subsequent year, without any time limit, where such non-absorption is “owing to there being no profits or gains chargeable for that previous year, or owing to the profits or gains being less than the allowance”. Depreciation loss

M/S.VIRTUAL SOFT SYSTEMS LTD. vs. COMMISSIONER OF INCOME TAX, DELHI-I

C.A. No.-007115-007115 - 2005Supreme Court06 Feb 2007

For Respondent: Commissioner of Income Tax, Delhi-I

Section 260ASection 271(1)(c)Section 68

depreciation as in sub-Paragraph (vii) above, the Appellant was assessed at a loss of Rs. 11,02,255.00 (Rs. 69,15,757.00) \026 Rs. 80,18,012.00 = - Rs. 11,02,255.00) In this manner, the carry-forward

VODAFONE IDEA LTD(EARLIER KNOWN AS VODAFONE MOBILE SERVICES LIMITED vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 26 (2)

C.A. No.-002377-002377 - 2020Supreme Court29 Apr 2020

Bench: HON'BLE THE CHIEF JUSTICE

Section 143(2)Section 244ASection 92

forwarded again to Pr. Commissioner of Income Tax-09, Delhi and same has been approved. Approval on note sheet was taken as well as procedure for approval through ITBA was also followed for withholding of refund which also involves approval from PCIT-09. The approval for withholding of refund u/s 241 was taken from PCIT-9 which was sent through

M/S. SOUTHERN TECHNOLOGIES LTD. vs. JOINT COMMNR. OF INCOME TAX, COIMBATORE

C.A. No.-001337-001337 - 2003Supreme Court11 Jan 2010

Section 145Section 2(24)Section 36(1)(vii)Section 37Section 37(1)

loss account and carried forward as unmatured finance charges; and (b) the depreciated value of the underlying asset, shall be provided

COMMR.OF INCOME TAX-I,NEW DELHI vs. VATIKA TOWNSHIP P.LTD

Appeals of the assessees are allowed deleting the surcharge levied by the

C.A. No.-008750-008750 - 2014Supreme Court15 Sept 2014

Section 113Section 132Section 154Section 158B

losses brought forward from the previous year under Chapter VI or unabsorbed depreciation under sub-section (2) of section 32 shall not be set off against the undisclosed income determined in the block assessment under this Chapter, but may be carried