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3 results for “depreciation”+ Section 255(4)clear

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Key Topics

Section 10B7Section 115J5Section 260A4

The Commissioner of Income Tax IV vs. M/s Matrix Power Pvt Ltd.,

ITTA/386/2013HC Telangana03 Sept 2013
Section 10BSection 143(3)Section 260A

255, the Hon’ble Karnataka High Court has held that, ―Section 10B cannot be read in isolation of other provisions. It is only an exemption provision. It may be true that even after taking into consideration the unabsorbed depreciation, the Assessee may get exemption but nonetheless it could not take only a portion of depreciation just to suit its income

AP. STATE SEEDS DEVELOPMENT CORPORATION, HYD. vs. THE COMMISSIONER OF INCOME TAX-I, HYD.

ITTA/232/2006HC Telangana21 Dec 2022

Bench: C.V. BHASKAR REDDY,UJJAL BHUYAN

For Appellant: SRl. C. P. RAMASWAMI Ms. K. MAMATACHOUDARY SENIOR SC FOR
For Respondent:
Section 1Section 115JSection 260A

255 ITR 273 (SC). We, therefore, find no merit in the submission of the assessee and uphold the order ofthe ld. CIT [A). 9. Thus, Tribuna-l held that appellant had adjusted prior period of expenses of Rs.3,09,504.00 from the net profit Iigure of Rs.3,42,726.OO to arrive at the figure of Rs.33

The Commissioner of Income Tax (Central) vs. Hetero Labs Ltd

In the result, we do not find any merit in this

ITTA/356/2014HC Telangana08 Mar 2016

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Section 115JSection 260Section 260ASection 41(1)

4. Learned counsel for the assessee submitted that finding recorded by the tribunal that the assessee has been debiting interest payable to profit and loss account of it is erroneous. It is submitted that the 6 assessee had not claimed any reduction towards interest and a sum of Rs.1,08,58,828/- was actually debited to profit and loss account