Commissioner of Income Tax vs. Mohan Milk Line Pvt Ltd

The appeals are allowed only to the aforesaid

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Section 10A as well as depreciation and the adjustment against the income of the respective assessment year, was at large

The Commissioner of Income Tax IV vs. M/s. Nav Bharat Enterprises Limited

depreciation of Rs.17.06,58,039/- on software imported even though the assessing authority had rightly disallowed the expenditure under section 40(a)(i) of IT Act as the assessee had failed to comply with the provisions of section 195 while making payments to the vendors? (3) Whether on the facts and circumstances of the case, the tribunal is right

THE PRL COMMISSIONER OF INCOME TAX [CENTRAL] HYDERABAD vs. M/S SREE NAGENDRA CONSTRUCTIONS, KHAMMAM

In the result, appeal stands dismissed

Bench: This

depreciation to be allowed with reference to such increased/decreased cost. .…… The section mandates that at any time there is change in the rate of exchange, the same may be given effect to by way of - 8 - adjustment of the carrying cost of the fixed assets acquired in foreign currency.” In the light of the said decision, this substantial question

M/s. CCL Products (India) Ltd., vs. The Commissioner of Income Tax -1

In the result, the appeals are dismissed

depreciation against the total income for computing deduction u/s.10A of the Act, was contrary to the provisions of section 10A

Commissioner of IncomeTax-II, vs. M/S RK Hair Products Pvt Limited,

In the result, the appeals are dismissed

depreciation against the total income for computing deduction u/s.10A of the Act, was contrary to the provisions of section 10A

The Commissioner of Income Tax-III vs. Smt.Anitha Sanghi

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

depreciation on securities (iv) floating rate notes of London branch (v) DICGC loans (vi) suits filed accounts (vii) miscellaneous provision cannot be added back in accordance with Explanation of Section 115JA of the Act in the light of the judgment of the Apex court in H.C.L. Comnet when there is diminution in the value of assets as contended

Principal Commissioner of Income Tax-2 vs. M/s Indur Green Power Private Limited

In the result, all the appeals fail and are hereby

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Depreciation 1,05,72,696 1,10,86,334 1,26,18,427 1,39,66,450 Total Expenditure 4,81,29,896 4,75,41,722 5,01,63,902 3,88,21,912 Profit for the year 2,53,21,438 2,09,87,242 62,58,319 836236 Add Balance brought forward