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2 results for “depreciation”+ Section 138clear

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Key Topics

Section 271(1)(c)3Section 254(1)2Section 143(3)2Depreciation2Penalty2Disallowance2Addition to Income2

BHARUCH DISTRICT CO OP MILK PRODUCERS UNION LIMITED,BHARUCH vs. CIT(A), NFAC, DELHI

In the result, the grounds of appeals raised by the assessee is allowed

ITA 209/SRT/2021[2012-13]Status: DisposedITAT Surat25 Oct 2022AY 2012-13

Bench: Shri Pawan Singh(Virtual Hearing) The Bharuch District Co Op Milk A.C.I.T. Producers Union Limited, Circle-1, Vs. Old N.H. 8, Bholav, Bharuch. Bharuch-392001. Pan No. Aaaat 1470 A Appellant/ Assessee Respondent/ Revenue

Section 143(3)Section 254(1)Section 271(1)(c)Section 36(1)(va)

138/- was made on account of depreciation on subsidy and addition of Rs. 14,65,972/- on account of delay in deposit of employees’ contribution of PF and ESI and initiated penalty for furnishing inaccurate particulars. 3. On appeal before the ld. CIT(A), all the additions in quantum assessment was upheld and no further appeal was filed by assessee

DCIT, CIRCLE-1(1)(2), SURAT vs. J K PAPER LIMITED, SURAT

In the result, this appeal of the Revenue is dismissed

ITA 181/SRT/2020[2012-13]Status: DisposedITAT Surat23 May 2022AY 2012-13

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Virtual Court) D.C.I.T. M/S J.K. Paper Ltd. Circle-1(1)(2), P.O. Central Pulp Mill, Vs. Surat. Fort Songadh, Surat. Pan : Aaact 6305 N Appellant Respondednt

Section 115JSection 143(3)Section 145ASection 254(1)Section 271Section 271(1)(c)Section 274Section 292BSection 40aSection 80I

depreciation has been allowed by A.O on enhanced project cost in order passed u/s 143(3) of the Act for A.Y 2015-16. The assessee also relied on the case law of Hon’ble Supreme Court in CIT Vs Bokaro Steel Ltd (236 ITR 315-SC). 9. The ld CIT(A) after considering the submissions of the assessee held that