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The appeal is dismissed
deduction of depreciation. It states that deduction in respect of depreciation "shall be allowed only if the prescribed particulars have
HON'BLE MR. JUSTICE A.K. SIKRI
Showing 1–20 of 80 · Page 1 of 4
deductions in respect of depreciation. The issue is as to whether claim for deduction on account of depreciation under Section
depreciation deducted in arriving at the taxable income or the depreciation deducted in arriving at the world income (composite income
Appeals are allowed
Bench: HON'BLE MR. JUSTICE A.K. SIKRI
deduction at the rate of 20% is to be computed after taking into account depreciation, unabsorbed depreciation and investment allowance
The appeal is partly allowed
depreciation. Statutory Interpretation : Taxing statutes-Provision for deduction, exemption or relief-to be construed reasonable and in favour of assessee
In the result, we affirm the judgments of the High Courts which have
deducted in computing the actual cost and the depreciation will have to be calculated on the cost without deducting therefrom
deducted:-- [a] to [j] xxxx xxxx [k] depreciation to the extent specified in section 350. ...5/- - 5 - Ascertainment of depreciation
Bench: HON'BLE MR. JUSTICE M.R. SHAH
depreciation in its P&L account. Therefore, the High Court 5 held that the intention of the assessee was to withdraw the claim for deduction
The appeals are allowed to the aforesaid extent
deduction (whether by way of depreciation or otherwise) in computing the income chargeable under the head "Profits and gains of business
The appeal is hereby dismissed leaving parties to bear their own cost
Bench: HON'BLE MR. JUSTICE R.K. AGRAWAL
deduction debited to Profit and Loss Account (P&L) in addition to the depreciation claimed in books so as to make
The appeals are disposed of in the above terms
deduction of Rs. 12,24,700/- as a revenue expenditure permissible under Section 37 of the Income-Tax Act, 1961 (hereinafter referred to as ‘the ‘Act’) towards legal expenses incurred. The Assessee also claimed depreciation
depreciation, unabsorbed investment allowance etc. only will be required to be carried forward to the next year? 2. Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the written down values of the assets will have to be adjusted by deducting
Appeal is allowed accordingly
deduction for depreciation which included extra shift allowance on plant and machinery and also extra depreciation on office equipment. This
deduct depreciation from the profit margin and accordingly, it was contended that the matter should be remitted to the Commissioner
The appeals are allowed and the
deduction under Section 80-HHC or Section 80-HHD; so, however, that such amounts are computed in the manner specified in sub-section (3) or sub-section (3-A) of Section 80-HHC or sub-section (3) of Section 80-HHD, as the case may be; or (iv) the amount of the loss or the amount of depreciation
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
Bench: HON'BLE THE CHIEF JUSTICE
deductions, such as Sections 32- 37, on the other hand, deal primarily with business, commercial or professional expenditure, under various heads (including depreciation
depreciation allowable was Rs. 80,18,011.00 (Rs. 1,47,97,995.00 \026 Rs. 67,79,982.00 = Rs. 80,18,011.00) (viii) Making a deduction
Appeals are disposed of in the same terms
Bench: HON'BLE MR. JUSTICE ADARSH KUMAR GOEL
deduction on account of depreciation in respect of such machinery or plant has been allowed or is allowable under the provisions
deductions on account of depreciation for arriving at the fair value for all the disputed items, which he has considered
