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4 results for “section 68”+ Section 32(1)(iia)clear

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Key Topics

Section 143(3)4Addition to Income4Limitation/Time-bar3Condonation of Delay3

DCIT, CENTRAL CIRCLE-2, SURAT, SURAT vs. DHANPRIYA PRINTS PVT. LTD.,, SURAT

In the result, Ground No. 4 to 6 raised by the Revenue in ITA

ITA 52/SRT/2022[2015-16]Status: DisposedITAT Surat23 Dec 2022AY 2015-16

Bench: Shri Pawan Singh, Hon'Ble & Dr. A. L. Saini, Hon'Ble Accountnat Member (Physical Court Hearing) Sl.

For Appellant: Shri Rasesh Shah, CAFor Respondent: Sr. DR
Section 143(3)

32. Learned DR appearing on behalf of the Revenue stated before us that during the assessment proceedings the assessee has not furnished complete details and these companies are neither traceable nor their credentials were ascertainable from the neighbour individuals/ concerns therefore identity of these share subscribing companies have not been proved. Hence addition made by AO must ITA Nos.52/SRT/2022

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2, SURAT vs. BETEX INDIA LIMITED, SURAT

In the result, Ground No. 4 to 6 raised by the Revenue in ITA

ITA 174/SRT/2021[2008-9]Status: DisposedITAT Surat23 Dec 2022

Bench: Shri Pawan Singh, Hon'Ble & Dr. A. L. Saini, Hon'Ble Accountnat Member (Physical Court Hearing) Sl.

For Appellant: Shri Rasesh Shah, CAFor Respondent: Sr. DR
Section 143(3)

32. Learned DR appearing on behalf of the Revenue stated before us that during the assessment proceedings the assessee has not furnished complete details and these companies are neither traceable nor their credentials were ascertainable from the neighbour individuals/ concerns therefore identity of these share subscribing companies have not been proved. Hence addition made by AO must ITA Nos.52/SRT/2022

BETEX INDIA LIMITED,SURAT vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2, SURAT

In the result, Ground No. 4 to 6 raised by the Revenue in ITA

ITA 171/SRT/2021[2008-09]Status: DisposedITAT Surat23 Dec 2022AY 2008-09

Bench: Shri Pawan Singh, Hon'Ble & Dr. A. L. Saini, Hon'Ble Accountnat Member (Physical Court Hearing) Sl.

For Appellant: Shri Rasesh Shah, CAFor Respondent: Sr. DR
Section 143(3)

32. Learned DR appearing on behalf of the Revenue stated before us that during the assessment proceedings the assessee has not furnished complete details and these companies are neither traceable nor their credentials were ascertainable from the neighbour individuals/ concerns therefore identity of these share subscribing companies have not been proved. Hence addition made by AO must ITA Nos.52/SRT/2022

PRAGATI GLASS & INDUSTRIES PVT. LTD. FORMER NAME PRAGATI GLASS PVT. LTD.,BHARUCH vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIR.1, , BARODA

In the result, the appeal is partly allowed

ITA 36/SRT/2022[2014-15]Status: DisposedITAT Surat30 Dec 2022AY 2014-15

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.36/Srt/2022 "नधा"रणवष"/Assessment Year: (2014-15) (Virtual Court Hearing) Pragati Glass & Industries Pvt. Ltd., Vs. The Acit, Circle-1, Kharach, Kosamba (R.S), Bharuch. District. Bharuch, Bharuch -392001. (Assessee) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aabcp7377H

Section 143(3)

section 32(1)(iia), it is eligible for additional depreciation as per law. The AO is directed to allow the same after due verification of period of usage. 4.8 In view of the above discussion, ground of appeal 2 is dismissed and ground of appeal 3 claiming additional depreciation is allowed. 5. Ground of appeal no.4 is against charging