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3 results for “depreciation”+ Section 249(4)clear

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Key Topics

Section 115J8Section 2605Section 14A2Section 143(1)2Section 242Section 1532Section 153(3)2Depreciation2Deduction2Addition to Income

Commissioner of Income Tax-III vs. Sri N.Sai Baba Naidu

ITTA/319/2012HC Telangana06 Jan 2025

Bench: J SREENIVAS RAO,ALOK ARADHE

Section 143(1)Section 143(3)Section 24Section 56Section 56(2)(iii)

depreciation in respect of all assets which are subject matter of lease with these three parties. This conduct also shows that the assessee wanted to use the assets as business assets.” The claim of the assessee was thus rejected by the Tribunal. 4. The assessee filed an application (MA 238/Del/2011) contending that the order of the Tribunal contained mistakes apart

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

ITTA/97/2010HC Telangana
2
21 Mar 2016

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Section 115JSection 143(1)Section 14ASection 260

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

Andhra PRadesh Pradesh Fibres Limited vs. Assistant commissioner of Income Tax

In the result, the order passed by the

ITTA/370/2011HC Telangana15 Nov 2011

Bench: V.V.S.RAO,SANJAY KUMAR

Section 143Section 143(2)Section 153Section 153(3)Section 154Section 260Section 260ASection 80I

4. After remand, the assessing officer passed an order on 15.12.2009. The assessing officer disallowed 100% depreciation on pollution control equipments amounting to Rs.4,93,00,000/-. The assessing officer also taxed the notional income on the amount of loan advanced to Madhya Pradesh State Electricity Board. The said order was subject matter of challenge before the Commissioner of Income