GROUP INDIA P. LTD,NAVI MUMBAI vs. DCIT (LTU), MUMBAI

The appeals of the assessee are partly allowed

Bench: Shri Joginder Singh & Shri Ramit Kochar

depreciation is nil; or (iv) to (vi) [***] (vii) the amount of profits of sick industrial company for the assessment year commencing on and from the assessment year relevant to the previous year in which the said company has become a sick industrial company under sub-section (1) of section 17 of the Sick Industrial Companies (Special Provisions

SI GROUP INDIA P. LTD,NAVI MUMBAI vs. DCIT (LTU), MUMBAI

The appeals of the assessee are partly allowed

Bench: Shri Joginder Singh & Shri Ramit Kochar

depreciation is nil; or (iv) to (vi) [***] (vii) the amount of profits of sick industrial company for the assessment year commencing on and from the assessment year relevant to the previous year in which the said company has become a sick industrial company under sub-section (1) of section 17 of the Sick Industrial Companies (Special Provisions

ROCKLINE DEVELOPERS P. LTD,MUMBAI vs. ITO 9(3)(4), MUMBAI

In the result, ground “A” raised in the appeal by the assessee stands dismissed

depreciation is nil; or (iv) to (vi) [***] 11 M/s. Rockline Developers Pvt. Ltd. (vii) the amount of profits of sick industrial company for the assessment year commencing on and from the assessment year relevant to the previous year in which the said company has become a sick industrial company under sub-section (1) of section 17 of the Sick Industrial

ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD,MUMBAI vs. ASST CIT CIR 6(1), MUMBAI

Bench: Shri S. Rifaur Rahman, Am & Shri Ram Lal Negi, Jm आयकरअपीलसं./ I.T.A. No. 384/Mum/2015 (निर्धारणवर्ा / Assessment Year: 2012-13)

115B.” 68 I.T.A. No. 384 & 632/Mum/2015 ICICI Prudential Life Insurance Company Ltd 6.2 Following the earlier order of this Tribunal we do not find any error or illegality in the impugned order of the ld. CIT(A) and decide this issue against the revenue and in favour of the assessee. 7. Ground No.8 is regarding the claim of 100% depreciation

M/S GO AIRLINES (INDIA) LTD.,MUMBAI vs. DY CIT 5 (1)(1), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Rajesh Kumar & Shri Ravish Soodassessment Year: 2015-16

depreciation amounting to Rs.17,09,18,048/- on the alleged ground that the same has already been adjusted in the preceding years. 2. The Appellant prays that it be held that Rs. 17,09,18,048/- should be reduced from the net profits for arriving at the book profits under section 115B

DCIT CIR 6(3)(1), MUMBAI vs. IDBI FEDERAL LIFE INSURANCE CO. LTD, MUMBAI

In the result, the appeals of Revenue are dismissed and the appeals of assessee are allowed in term of the above

Bench: Sri Mahavir Singh, Jm & Sri Manoj Kumar Aggarwal, Am

depreciation @ 100% on the value of assets costing less than Rs.20,000/-. The contention of the assessee is that since computation of profits and gains of the business of assessee, being in the business of life insurance, is in accordance with the provisions of section 44 of the Act, which over rides section

DCIT CIR 6(3)(1), MUMBAI vs. IDBI FEDERAL LIFE INSURANCE CO. PVT. LTD, MUMBAI

In the result, the appeals of Revenue are dismissed and the appeals of assessee are allowed in term of the above

Bench: Sri Mahavir Singh, Jm & Sri Manoj Kumar Aggarwal, Am

depreciation @ 100% on the value of assets costing less than Rs.20,000/-. The contention of the assessee is that since computation of profits and gains of the business of assessee, being in the business of life insurance, is in accordance with the provisions of section 44 of the Act, which over rides section

IDBI FEDERAL LIFE INSURANCE CO. LTD,MUMBAI vs. DCIT CIR 6(3)(1), MUMBAI

In the result, the appeals of Revenue are dismissed and the appeals of assessee are allowed in term of the above

Bench: Sri Mahavir Singh, Jm & Sri Manoj Kumar Aggarwal, Am

depreciation @ 100% on the value of assets costing less than Rs.20,000/-. The contention of the assessee is that since computation of profits and gains of the business of assessee, being in the business of life insurance, is in accordance with the provisions of section 44 of the Act, which over rides section

IDBI FEDERAL LIFE INSURANCE CO. LTD,MUMBAI vs. DCIT CIR 6(3)(1), MUMBAI

In the result, the appeals of Revenue are dismissed and the appeals of assessee are allowed in term of the above

Bench: Sri Mahavir Singh, Jm & Sri Manoj Kumar Aggarwal, Am

depreciation @ 100% on the value of assets costing less than Rs.20,000/-. The contention of the assessee is that since computation of profits and gains of the business of assessee, being in the business of life insurance, is in accordance with the provisions of section 44 of the Act, which over rides section

DCIT CIR 6(3)(1), MUMBAI vs. IDBI FEDERAL LIFE INSURANCE CO. PVT. LTD, MUMBAI

In the result, the appeals of Revenue are dismissed and the appeals of assessee are allowed in term of the above

Bench: Sri Mahavir Singh, Jm & Sri Manoj Kumar Aggarwal, Am

depreciation @ 100% on the value of assets costing less than Rs.20,000/-. The contention of the assessee is that since computation of profits and gains of the business of assessee, being in the business of life insurance, is in accordance with the provisions of section 44 of the Act, which over rides section