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2 results for “depreciation”+ Section 747clear

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Key Topics

Depreciation2Addition to Income2

MUKESH RAJENDRA PRASAD THAKUR,MUMBAI vs. INCOME TAX OFFICER, WARD - 1, VAPI

In the result, appeal of assessee is dismissed

ITA 590/SRT/2023[2016-17]Status: DisposedITAT Surat28 Dec 2023AY 2016-17

Bench: Shri Pawan Singh & Dr Arjun Lal Sainiआ.अ.सं./Ita No.590/Srt/2023 (Ay 2016-17) (Hearing In Physical Court) Mukesh Rajendra Prasad Assistant Commissioner Of Thakur Income Tax, Vapi Circle, Vs 3-9-9R Navjivan Society, Room No.708, 7Th Floor, Lamington Road, Mumbai- Fortune Square-Ii, Chala, 400008 Daman Road, Vapi-396191 Pan : Aarpt 3055 D अपीलाथ"/Appellant ""थ" /Respondent

Section 143(3)Section 254(1)Section 44ASection 68

section 143(3) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) dated 18.12.2018. The assessee has raised the following grounds of appeal:- “1. The learned CIT(A) erred in law and on facts of the case erred in confirming the decision of Assessing Officer in making addition (of depreciation of Rs.1,87,747

ITO, WARD-2(3)(6), SURAT vs. DHAVAL KIRTIBHAI SHAH, SURAT

In the result, appeals in ITA No

ITA 147/SRT/2020[2012-13]Status: DisposedITAT Surat25 May 2022AY 2012-13

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपील./Itano.147/Srt/2020 & Cross Objection No.16/Srt/2020 [Arising Out Of An Ita No.147/Srt/2020] ("नधा"रणवष" / Assessment Year: (2012-13) (Virtual Court Hearing) The Income Tax Officer, Vs. Dhaval Kiritbhai Shah, Ward-2(3)(6), Surat. A-1103, Regent Residency, Green City Road, Pal, Surat-395009. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Avmps8446H (Assessee) (Respondent / Co-Objector)

Section 144

747/- (Rs.11,11,350 + Rs.89,397) on account of excess claim of depreciation. The Learned CIT(A) observed that block of embroidery machine is exhausted which is "evident from the fact that assessing officer (AO) has accepted the figure of loss of Rs. 695/- claimed by the assessee on embroidery machinery. During appellate proceedings, the assessee has contended that even