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2 results for “depreciation”+ Section 36(1)(viii)clear

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Key Topics

Section 2603Section 36(1)(viii)2Section 14A2Section 143(1)2Section 252Section 12A2

COMM OF INCOME TAX, HYD vs. M/S. BALAN NATURAL FOOD PRIVATE LTD., HYD

ITTA/140/2016HC Telangana12 Oct 2018

Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI

Section 10Section 115Section 115JSection 143(1)Section 143(2)Section 14ASection 260Section 36Section 36(1)(vii)Section 36(1)(viii)

depreciation on ‘Held to Maturity’ category investments even though the same is notional in nature and against the RBI guidelines for valuation of securities? 4. Whether on the facts and in the circumstances on the case, the Tribunal were right in law in holding that the assessee is eligible for deduction under section 36(1)(viii

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

In the result, all the appeals fail and are hereby

ITTA/627/2015HC Telangana02 Jun 2016

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Section 12ASection 143(1)Section 2(15)Section 25Section 260Section 80G(5)

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 4,07,88,644 1