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2 results for “depreciation”+ Section 394clear

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Key Topics

Section 115J8Section 2635Section 2603Section 14A2

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

ITTA/97/2010HC Telangana21 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

M/s.CCL Products [India] Limited vs. The Commissioner of Income Tax-I

ITTA/360/2011HC Telangana20 Aug 2013
Section 143(3)
Section 260A
Section 263

394/- on account of unexplained sales and unexplained purchases without deciding the issue on merits of the case? (ii) Whether, on the facts and circumstances of the case, the Hon'ble ITAT was justified in dismissing the appeal of Revenue merely relying upon the submission of assessee's AR that order passed by the CIT-I, u/s 263 has GURBACHAN