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5 results for “depreciation”+ Section 264clear

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Key Topics

Section 2603Depreciation3Section 322Section 112Section 1532Section 153(3)2Section 11(1)2Section 292Charitable Trust2Carry Forward of Losses

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

depreciation 8 and notional interest, which would amount to setting aside the entire order of assessment. It was further held that since, there was no order to pass a fresh order of assessment, therefore, the order giving effect to the findings of the tribunal was not barred by limitation under Section 153(2A) of the Act. 5. The aforesaid order

2
Deduction2

The Commissioner of Income Tax-I vs. Ascend Telecom Infrastructure Private Limited

ITTA/346/2015HC Telangana06 Apr 2016

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Section 11Section 260Section 32

depreciation if it is not allowed as necessary deduction for computing the income from the charitable institutions, then there is no way to preserve the corpus of the trust for deriving the income. The Board also appears to have understood the `income’ under section 11(1) in its commercial sense. The relevant portion of the Circular No.5XX-6 of 1968, dated

The Commissioner of Income Tax - IV vs. M/s. Mekins Agro Product (P) Ltd.

ITTA/449/2013HC Telangana25 Sept 2013
Section 11(1)Section 29Section 32

264 ITR 110 (Bom), and CITvs. Shakuntala Tharal Charitable Foundation, (2013) 358 ITR 452 (MP). 15. Kerala High Court was also conscious of the said decisions and the fact that Section ll(l)(a) had been interpreted in a different manner. It was in these circumstances that the Kerala High V/ Court in the last portion of paragraph

M/s.V.R.Farms Pvt Ltd vs. Deputy Commissioner of Income Tax

The appeals are dismissed

ITTA/272/2008HC Telangana28 Nov 2025

Bench: P.SAM KOSHY,SUDDALA CHALAPATHI RAO

depreciation. The rate of minimum tax was kept at a modest figure deeming 30 per cent of book profits as total income. This modest amount is likely to go down further with the downward revision of corporate tax rate to 35 per cent and abolition of surcharge. xxxx xxxx xxxx xxxx 45.4 The Act also inserts a new section 115JAA

The Commissioner of income Tax-II vs. M/s.Ideal Industrial Explosives Ltd

ITTA/100/2010HC Telangana01 Mar 2016

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

For Appellant: M/S. CATHOLIC SYRIAN BANK LTD., THRISSURFor Respondent: THE COMMISSIONER OF INCOME TAX, TRICHUR

Section 115JA(2), which speaks of the provisions made for meeting liabilities, other than ascertained liabilities. The Honourable Supreme Court in (2008) 305 ITR 409 [Commissioner of Income Tax-IV v. HCL Comnet Systems and Services Ltd.] categorically held that the addition made under clause(c); of the provision for bad and doubtful debts cannot be permitted. However, clause