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7 results for “depreciation”+ Section 195clear

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Key Topics

Addition to Income7Section 254(1)6Section 143(3)6Section 40A(2)(b)6Disallowance6Section 271(1)(c)3Section 10(1)3Section 41(1)3Section 115J3

DCIT, CIRCLE-1(1)(1), SURAT, SURAT vs. M/S. J K PAPER LIMITED, SURAT

In the result, all these three appeals of the Revenue are dismissed

ITA 6/SRT/2021[2016-17]Status: DisposedITAT Surat06 May 2022AY 2016-17

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

Section 10(1)Section 115JSection 254(1)Section 271(1)(c)Section 41(1)

depreciation of Rs.4.32 lacs is concerned the same has been claimed on mist chambers other assets used in growing saplings through clonal routes which has been treated as non-agricultural operation in our discussion made in assessment year 2002-03 while disposing of similar ground. Thus, the disallowance is restricted to Rs. 9.43 lacs and accordingly assessee gets relief

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

Section 403
Penalty3

In the result, all these three appeals of the Revenue are dismissed

ITA 156/SRT/2020[2013-14]Status: DisposedITAT Surat06 May 2022AY 2013-14

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

Section 10(1)Section 115JSection 254(1)Section 271(1)(c)Section 41(1)

depreciation of Rs.4.32 lacs is concerned the same has been claimed on mist chambers other assets used in growing saplings through clonal routes which has been treated as non-agricultural operation in our discussion made in assessment year 2002-03 while disposing of similar ground. Thus, the disallowance is restricted to Rs. 9.43 lacs and accordingly assessee gets relief

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

In the result, all these three appeals of the Revenue are dismissed

ITA 157/SRT/2020[2015-16]Status: DisposedITAT Surat06 May 2022AY 2015-16

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

Section 10(1)Section 115JSection 254(1)Section 271(1)(c)Section 41(1)

depreciation of Rs.4.32 lacs is concerned the same has been claimed on mist chambers other assets used in growing saplings through clonal routes which has been treated as non-agricultural operation in our discussion made in assessment year 2002-03 while disposing of similar ground. Thus, the disallowance is restricted to Rs. 9.43 lacs and accordingly assessee gets relief

CHANDULAL A.SHAH(HUF),SURAT vs. THE ITO, WARD-3(3)(1),, SURAT

In the result, the appeal of the assessee, Ind for A

ITA 83/SRT/2017[2000-01]Status: DisposedITAT Surat04 May 2020AY 2000-01

Bench: Shri Sandeep Gosain & Shri O.P.Meenaआ.अ.सं././././I.T.A Nos.83 & 84/Srt/2017 िनधा"रणवष"/Assessment Years: 2000-01 & 2004-05 1.Chandulal Amrutlal Shah (Huf), V. Income Tax Officer, Bunglow No.74, Saifee Society, Ward-3(3)(1), Surat. L.H. Road, Surat-395 006. [Pan: Aaahc 8116 R] 2.Chandulal Amrutlal Shah, V. Income Tax Officer, Bunglow No.74, Saifee Society, Ward-3(3)(1), Surat. L.H. Road, Surat-395 006. [Pan: Adaps 5844 F] अपीलाथ" / Appellant ""थ"/Respondent

Section 147Section 148

195 Taxman 117 (Bombay). 6. On the other hand, the ld. Sr. D.R. drew our attention to Para 14 of the assessment order wherein the AO mentioned that on examination on capital account. The assessee has shown opening capital balance at Rs.16,97,252/-, the assessee asked to furnish the details of show-cause notice dated

THE ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-2,, BHARUCH vs. GUJARAT INSECTICIDES LTD.,, BHARUCH

In the result, this ground of appeal is dismissed

ITA 2519/AHD/2016[2012-13]Status: DisposedITAT Surat26 Sept 2022AY 2012-13

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

Section 143(3)Section 254(1)Section 40Section 40A(2)(b)

195, clearly indicate that closing stock of MPB differentiated by showing 1775 kgs as finished stock and 4525 kgs. as work-in-progress. The assessee contended that there was a mistake cropped up as regards quantity of finished goods and work-in-progress of MPB. It was clarified that total quantity of 6300 kgs. was in respect of finished goods

GUJARAT INSECTICIDES LTD.,,BHARUCH vs. THE DY. COMMISSIONER OF INCOME TAX, BHARUCH CIRCLE,, BHARUCH

In the result, this ground of appeal is dismissed

ITA 3053/AHD/2016[2011-12]Status: DisposedITAT Surat26 Sept 2022AY 2011-12

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

Section 143(3)Section 254(1)Section 40Section 40A(2)(b)

195, clearly indicate that closing stock of MPB differentiated by showing 1775 kgs as finished stock and 4525 kgs. as work-in-progress. The assessee contended that there was a mistake cropped up as regards quantity of finished goods and work-in-progress of MPB. It was clarified that total quantity of 6300 kgs. was in respect of finished goods

THE ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-2,, BHARUCH vs. GUJARAT INSECTICIDES LTD.,, BHARUCH

In the result, this ground of appeal is dismissed

ITA 3273/AHD/2016[2011-12]Status: DisposedITAT Surat26 Sept 2022AY 2011-12

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

Section 143(3)Section 254(1)Section 40Section 40A(2)(b)

195, clearly indicate that closing stock of MPB differentiated by showing 1775 kgs as finished stock and 4525 kgs. as work-in-progress. The assessee contended that there was a mistake cropped up as regards quantity of finished goods and work-in-progress of MPB. It was clarified that total quantity of 6300 kgs. was in respect of finished goods