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2 results for “depreciation”+ Section 50Cclear

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Key Topics

Section 50C3Section 271(1)(c)2Addition to Income2

SMT. HANSABEN NATVARSINH THAKOR,,VALSAD vs. THE INCOME TAX OFFICER, WARD-2,, VALSAD

In the result, appeal of the assessee is partly allowed

ITA 1508/AHD/2016[2012-13]Status: DisposedITAT Surat15 Jul 2019AY 2012-13

Bench: Shri Mahavir Prasad & Shri O.P.Meenaआ.अ.सं./I.T.A.No.1508/Ahd/2016 "नधा"रण वष"/Assessment Year : 2012-13 Smt. Hansaben Natvarsinh Thakor, Vs. The Income Tax Officer, At/Post-Dumlav, Ward-2, Valsad. Tal./Dist.-Valsad – 396 055. [Pan: Aempd 2671 N] अपीलाथ" Appellant ""यथ"/Respondent "नधा"रती क" ओर से /Assessee By Shri Rajesh Upadhyay – Advocate. राज"व क" ओर से /Revenue By Shri P.S.Chowdhary –Sr.Dr

Section 271(1)(c)Section 50CSection 50C(2)

depreciation was allowed on the said property in A.Y. 2010-11. The profit on sale of property was also shown in the case of firm for A.Y.2012-13 and on this basis the ld.CIT(A) has deleted the penalty imposed in respect of this very addition made in the case of assessee by invoking the provisions of section 50C

DHAMI BROTHERS,,SURAT vs. THE JT. CIT, RANGE-9,, SURAT

In the result, the appeal filed by the assessee is hereby ordered to be allowed

ITA 3299/AHD/2014[2010-11]Status: DisposedITAT Surat27 Nov 2019AY 2010-11

Bench: Shri Amarjit Singh, Jm & Shri O.P.Meena, Am Dhami Brothers The Jt. Commissioner Of Income-Tax Range-9, Surat 33-34, Jivandhara Society, Opp. Chowpaty, Varachha Road, Surat-395006.. Opp. New Civil Hospital, Majuragate, Surat. Pan/Gir No.Aabfd4987E Appellant) .. Respondent) Assessee By Shri Hiren R. Vepari Revenue By Ms. Anupama Singla (Sr. Dr)

Section 143(1)Section 143(2)Section 234A

depreciation. IV Miscellaneous 2 A.Y.2010-11 (i) On the facts and circumstances of the case and as per law, the Ld. Commissioner of Income-tax (Appeals) ought to have deleted charger of interest u/s 234A, 234B, 234C and 234D. (2) The appellant craves leave to add, alter or vary any of the grounds of appeal.” 3. The brief facts