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3 results for “depreciation”+ Section 33Aclear

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Key Topics

Section 32A4Section 333Deduction3Section 372Section 33A2Depreciation2

COMMR.OF INCOME TAX,SIMLA vs. M/S GREEN WORLD CORPORATION

Appeals are disposed of with the aforementioned directions

C.A. No.-003312-003312 - 2009Supreme Court06 May 2009
Section 133Section 133ASection 143(1)(a)Section 143(2)Section 80I

depreciation was not causing any prejudice to the interest of Revenue at least in the year under consideration and the apprehension of the learned CIT about such prejudice which may be caused to the Revenue in the subsequent years was based on 29 assumptions and surmises depending on ultimate eventualities like the one happened in the present case when

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

BRITANNIA INDUSTRIES LTD. vs. COMMNR. OF INCOME TAX

C.A. No.-002415-002415 - 2004Supreme Court05 Oct 2005
For Respondent: Commissioner of Income Tax,West Bengal, Kolkata & Anr
Section 28Section 30Section 32ASection 33Section 33ASection 37

depreciation of buildings, machinery, plant or furniture, being tangible assets along with other intangible assets. The facts involved in this case do not attract the provisions of Sections 30 to 36 of the Act, but have been referred to on account of reference made thereto under Section 37 of the Act which is important for our purpose. In order