Section 29 of the Income Tax Act

The decision most relied on for Section 29 is Saharanpur Electric Supply Co. Ltd. v. CIT (194 ITR 294), cited in 35 of the 85 judgments on BharatTax that turn on this section.

Leading authorities on Section 29

Saharanpur Electric Supply Co. Ltd. v. CIT
194 ITR 294 · 1992 · Supreme Court
35
citing judgments

If the actual cost of an asset was wrongly assessed in earlier years, it can be recomputed and corrected in subsequent assessment years. Interest incurred before production on borrowed money for plant construction can be capitalized and added to the cost of fixed assets.

CIT v. Doom Dooma India Ltd.
310 ITR 392 · 2009 · Supreme Court
30
citing judgments

The 'written down value' (WDV) under Section 43(6)(b) is determined by depreciation that has been 'actually allowed', meaning it has been taken into account or granted and given effect to by the Income-tax Officer in computing taxable income.

ACIT v. Real Image Media Technologies P. Ltd.
114 ITD 573 · 2008 · ITAT
30
citing judgments

Section 43B of the Income Tax Act, 1961, which requires certain statutory liabilities to be paid by a specific due date for allowability of deduction, does not apply to service tax if the service tax has not become payable due to non-receipt of payments from the service recipient. This is because section 43B refers to a "sum payable by the assessee".

CIT v. Abhishek Corporation
158 CTR 374 · 2000 · High Court
21
citing judgments
9 (Punjab & Haryana) (iii) CIT vs. Banwari Lal Banshidhar (1998) 229 ITR 229 (All) (iv) CIT v. Bahubali Neminath Muttin
242 Taxmann 279 · High Court
20
citing judgments
Madeva Upendra Sinai v. Union of India
98 ITR 209 · 1975 · Supreme Court
19
citing judgments
Commissioner of Income-tax v. Williamson Financial Services and Ors.
297 ITR 17 · 2008 · Supreme Court
17
citing judgments
CGT v. N.S. Getti Chettiar
82 ITR 599 · 1971 · Supreme Court
14
citing judgments
CIT v. SMSL-UANRCL
372 ITR 429 · 2015 · High Court
11
citing judgments
Principal Commissioner of Income-tax v. Marg Ltd.
2017 SCC OnLine MAD 37852 · 2017 · ITAT
11
citing judgments

Judgments on Section 29

STEP LOGISTICS PRIVATE LIMITED,RAIPUR vs. DY. COMMISSIONER OF INCOME TAX, CIRCLE 1(1), RAIPUR, RAIPUR

In the result, appeal of the assessee in ITA

ITA 636/RPR/2025[2017-18]Status: DisposedITAT Raipur19 Mar 2026AY 2017-18

Bench: Shri Partha Sarathi Chaudhury & Shri Avdhesh Kumar Mishraआयकर अपील सं. / Ita No.636/Rpr/2025 "नधा"रण वष" / Assessment Year : 2017-18 Step Logistics Private Limited A-1, Mahavir Gaushala Complex, K.K Road, Raipur (C.G.)-492 001 Pan: Aancs0382F

For Appellant: S/shri Praveen Khandelwal &For Respondent: Dr. Priyanka Patel, Sr. DR
Section 127Section 143(2)Section 143(3)Section 68

KARNAKAR SIDDALA,WARANGAL vs. INCOME TAX OFFICER-WARD-1, WARANGAL

In the result, appeal of the Assessee is allowed for statistical purposes

ITA 1183/HYD/2025[2016-17]Status: DisposedITAT Hyderabad27 Feb 2026AY 2016-17

Bench: Shri Vijay Pal Raoआ.अपी.सं /Ita No.1183/Hyd./2025 Assessment Year 2016-2017 Karnakar Siddala, The Income Tax Officer, Warangal – 506 002. Ward-1, Vs. Telangana. Warangal – 506 001. Pan Avbps0351A Telangana. (Appellant) (Respondent) िनधा"रती "ारा /Assessee By: Ca Poorna Chander Rao राज" व "ारा /Revenue By: Sri Suresh Babu Kn, Sr. Ar सुनवाई की तारीख/Date Of Hearing: 25.02.2026 घोषणा की तारीख/Pronouncement: 27.02.2026 आदेश/Order

For Appellant: CA Poorna Chander RaoFor Respondent: Sri Suresh Babu KN, Sr. AR
Section 144Section 68

POOJA VINOD WADHWANI ,MUMBAI vs. INCOME TAX OFFICER WARD, -2, KALYAN

In the result, the appeal by the assessee is partly allowed for statistical purposes

ITA 806/MUM/2025[2014-15]Status: DisposedITAT Mumbai18 Feb 2026AY 2014-15

Bench: Shri Vikram Singh Yadavshri Sandeep Singh Karhailpooja Vinod Wadhwani, 105, Tulip Building, May Flower, Ambernath, Maharashtra - 421501 ............... Appellant Pan: Aaqpw2153G V/S Income Tax Officer, Ward - 2, Kalyan, Mohan Plaza, Khadakpada, ……………… Respondent Kalyan (W) - 421301

For Appellant: M. SubramanianFor Respondent: Shri Virabhadra Mahajan, Sr. DR
Section 139Section 139(1)Section 142(1)Section 147Section 148Section 250Section 69A

SHAMIMA HASEENATHUL,CHENNAI vs. DCIT, NCC-7(1), CHENNAI

In the result, the appeal of the assessee is allowed for statistical

ITA 3021/CHNY/2025[2017-18]Status: DisposedITAT Chennai17 Feb 2026AY 2017-18

Bench: Shri Inturi Rama Rao & Shri Manu Kumar Giri

For Appellant: Mr. G. Baskar, Advocate
Section 115BSection 54ESection 54FSection 68

SAMEER RAMDAS PINGALE,NAVI MUMBAI vs. WARD 28(1)(1), MUMBAI, VASHI, NAVI MUMBAI

In the result, appeal filed by assessee stands allowed for statistical purposes

ITA 6752/MUM/2025[2020-21]Status: DisposedITAT Mumbai13 Feb 2026AY 2020-21

Bench: Smt. Beena Pillai () & Shri Arun Khopdia ()

Section 147Section 148Section 44A

AMRIT PAL SINGH CHADHA,GURGAON vs. ACIT, CENTRAL CIRCLE-19,, NEW DELHI

The appeals are allowed for statistical purposes

ITA 2773/DEL/2025[2013-14]Status: DisposedITAT Delhi13 Feb 2026AY 2013-14

Bench: Shri Anubhav Sharma & Shri Manish Agarwalcharanbir Singh Sethi Vs. Acit, Central Circle-19 Ar-717, The Aralias, Dlf Ara Centre, Golf Links, Dlf City, Jhandewalan, Phase-V, Gurgaon New Delhi – 110055 Haryana – 122009 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aasps9437K Appellant .. Respondent Amrit Pal Singh Chadha Vs. Acit, Central Circle 19 4410, Dlf Phase-V, Ara Centre, Kutub Enclave, Gurgaon Jhandewalan, Haryana – 122002 New Delhi – 110055 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aewpc3215P Appellant .. Respondent

For Appellant: Sh. Amarjit Singh, CAFor Respondent: Sh. Rajesh Kumar Dhanesta, Sr
Section 102(2)Section 143(1)

SRI BALAGOPALAN JEWELLERYMART ,SOUTH AVANI MOOLA STREET, MADURAI vs. DCIT, CENTRAL CIR 3(3) CHENNAI, INVESTIGATION BUILDING, CHENNAI

In the result, the captioned appeal is allowed for statistical

ITA 3946/CHNY/2025[2020-2021]Status: FixedITAT Chennai03 Feb 2026AY 2020-2021

Bench: Ms. Padmavathy S & Shri Manu Kumar Giri

Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 250Section 270A

URBAN ADMINISTRATION AMD DEVELOPMENT,BHOPAL vs. DEPUTY COMMISSIONER OF INCOME TAX (TDS), BHOPAL

In the result, the impugned order is set aside as & by way of

ITA 477/IND/2025[2015-16]Status: DisposedITAT Indore30 Jan 2026AY 2015-16

Bench: Shri B.M. Biyani & Shri Paresh M Joshidirectorate Of Urban Deputy बनाम/ Administrations & Development, Commissioner Of Vs. Nagar Palika Bhawan, 6 No.Bus Income Tax-Tds, Stop, R.S.Market, Bhopal S.O. Huzur, Bhopal(M.P.) (Tan: Bpldo1618B) (Appellant) (Respondent) Assessee By Shri Sapan Usrethe, Adv. & Ms. Apoorva Garg, Ca Revenue By Shri Anup Singh, Cit Dr Date Of Hearing 21.01.2026 Date Of Pronouncement 30.01.2026 आदेश / O R D E R

Section 201Section 201(1)Section 246ASection 250Section 253

KESARAM CHATARARAMJI CHOUDHARY ,MUMBAI vs. ITO WARD 28(21)(1), MUMBAI

In the result, the appeal of the assessee is allowed for In the result, the appeal of the assessee is allowed for In the result, the appeal of the assessee is allowed for statistical purposes

ITA 6556/MUM/2025[2017-18]Status: DisposedITAT Mumbai23 Jan 2026AY 2017-18

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Year: 2017-18

For Appellant: Ms. Naina ChaurasiaFor Respondent: 10/12/2025
Section 133(6)Section 142(1)Section 144Section 69Section 69A

ANIL KUMAR JAIN,RAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL

In the result, appeal of the assessee in ITA No

ITA 585/RPR/2025[2019-20]Status: DisposedITAT Raipur06 Jan 2026AY 2019-20

Bench: Shri Partha Sarathi Chaudhuryआयकर अपील सं./Ita Nos.584 & 585/Rpr/2025 "नधा"रण वष" /Assessment Years : 2018-19 & 2019-20 Anil Kumar Jain 34, Maruti Life Style, Ravi Shankar University, S.O, Raipur-492 010 Pan: Ahypj7657H .......अपीलाथ" / Appellant बनाम / V/S. The Assistant Commissioner Of Income Tax (Central), Bilaspur (C.G.)

For Appellant: Shri Abhishek Mahawar, CAFor Respondent: Dr. Priyanka Patel, Sr. DR
Section 144Section 145(3)Section 153ASection 3

ANIL KUMAR JAIN,RAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL

In the result, appeal of the assessee in ITA No

ITA 584/RPR/2025[2018-19]Status: DisposedITAT Raipur06 Jan 2026AY 2018-19

Bench: Shri Partha Sarathi Chaudhuryआयकर अपील सं./Ita Nos.584 & 585/Rpr/2025 "नधा"रण वष" /Assessment Years : 2018-19 & 2019-20 Anil Kumar Jain 34, Maruti Life Style, Ravi Shankar University, S.O, Raipur-492 010 Pan: Ahypj7657H .......अपीलाथ" / Appellant बनाम / V/S. The Assistant Commissioner Of Income Tax (Central), Bilaspur (C.G.)

For Appellant: Shri Abhishek Mahawar, CAFor Respondent: Dr. Priyanka Patel, Sr. DR
Section 144Section 145(3)Section 153ASection 3

RANJEET SINGH,KURUKSHETRA vs. ITO WARD-1, KURUSHETRA, KURUKSHETRA

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 271/CHANDI/2025[2020-2021]Status: DisposedITAT Chandigarh24 Dec 2025AY 2020-2021

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. MANOJ KUMAR AGGARWAL (Accountant Member)

For Appellant: Shri Abhinav Gupta, Advocate (Virtual Mode)For Respondent: Dr. Ranjit Kaur, Addl. CIT, Sr. DR
Section 144Section 144BSection 69A

DAMODARAM SURESH,GOBICHETTIPALAYAM vs. ITO, WARD 1(1), ERODE, ERODE

In the result, the appeal of the assessee is dismissed

ITA 2715/CHNY/2024[2017-18]Status: DisposedITAT Chennai05 Dec 2025AY 2017-18

Bench: Hon’Ble Shri Manu Kumar Giri & Shri Hon’Ble S.R. Raghunathaआयकर अपील सं./ Ita No.2715/Chny/2024 ननिाारण वर्ा /Assessment Year: 2017-18 Damodaran Suresh, The Income Tax Officer, Prop. Sumy Electronic, Vs. Ward-1(1), No.52, Main Road, Erode. Gobichettipalayam Tamil Nadu - 638 452. [Pan: Aijps3460M] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Appellant By : Mr.Girish Kumar, Advocate प्रत्यर्थी की ओर से /Respondent By : Mr.Bipin, C.N, Cit सुनवाई की तारीख/Date Of Hearing : 08.09.2025 घोर्णा की तारीख /Date Of Pronouncement : 05.12.2025 आदेश / O R D E R Per Manu Kumar Giri (): The Captioned Appeal Filed By The Assessee Is Directed Against Order Of The Ld. Principal Commissioner Of Income Tax, Coimbatore-1 [Pcit] Dated 09.02.2024 For Assessment Year 2017-18. 2. There Is A Delay Of 198 Days In Filing This Appeal. The Assessee Has Filed Petition Along With Affidavit For Condonation Of Delay Stating Damodaram Suresh :- 2 -: Therein The Reasons For Belated Filing Of The Appeal. On Perusal Of The Aforesaid Reasons In The Condonation Application, We Are Of The View That There Is Sufficient Cause For Belated Filing Of This Appeal. Hence, We Condone The Delay In Filing This Appeal & Proceed To Dispose Of The Appeals On Merits.

For Appellant: Mr.Girish Kumar, AdvocateFor Respondent: Mr.Bipin, C.N, CIT
Section 143(3)Section 263Section 4Section 40A(3)

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

ITA 1615/CHNY/2025[2019-20]Status: DisposedITAT Chennai01 Dec 2025AY 2019-20

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकरअपीलसं./Ita Nos. 1613 To 1615/Chny/2025 िनधा"रणवष"/Assessment Years: 2018-19 & 2019-20

For Appellant: Mr. N. Arjun Raj, AdvocateFor Respondent: Mrs. C. Yamuna, CIT &
Section 132Section 153CSection 250

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

ITA 1614/CHNY/2025[2019-20]Status: DisposedITAT Chennai01 Dec 2025AY 2019-20

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकरअपीलसं./Ita Nos. 1613 To 1615/Chny/2025 िनधा"रणवष"/Assessment Years: 2018-19 & 2019-20

For Appellant: Mr. N. Arjun Raj, AdvocateFor Respondent: Mrs. C. Yamuna, CIT &
Section 132Section 153CSection 250

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PVT LTD, CHENNAI

ITA 1613/CHNY/2025[2018-19]Status: DisposedITAT Chennai01 Dec 2025AY 2018-19

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकरअपीलसं./Ita Nos. 1613 To 1615/Chny/2025 िनधा"रणवष"/Assessment Years: 2018-19 & 2019-20

For Appellant: Mr. N. Arjun Raj, AdvocateFor Respondent: Mrs. C. Yamuna, CIT &
Section 132Section 153CSection 250

SOUTHERN AGRIFURANE INDUSTRIES PVT. LTD.,CHENNAI vs. ACIT, CENTRAL CIRCLE-2(2), CHENNAI

ITA 1548/CHNY/2025[2019-20]Status: DisposedITAT Chennai01 Dec 2025AY 2019-20

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकरअपीलसं./Ita Nos. 1613 To 1615/Chny/2025 िनधा"रणवष"/Assessment Years: 2018-19 & 2019-20

For Appellant: Mr. N. Arjun Raj, AdvocateFor Respondent: Mrs. C. Yamuna, CIT &
Section 132Section 153CSection 250

P CHADRA SEKHAR REDDY,NELLORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, TIRUPATHI

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 16/HYD/2024[2016-17]Status: DisposedITAT Hyderabad26 Nov 2025AY 2016-17

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.16/Hyd/2024 (िनधा"रण वष"/Assessment Year: 2016-17) Shri P Chandra Sekhar Vs. Acit Reddy Central Circle Nellore Tirupati Pan:Aitpp3592M (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Ca M.V. Prasad राज" व "ारा/Revenue By:: Shri Ranjan Agrawala, Sr. Dr सुनवाई की तारीख/Date Of Hearing: 19/11/2025 घोषणा की तारीख/Pronouncement: 26/11/2025 आदेश/Order Per Madhusudan Sawdia, A.M.: This Appeal Is Filed By Shri P Chandra Sekhar Reddy (“The Assessee”), Feeling Aggrieved By The Order Passed By The Learned Commissioner Of Income Tax (Appeals)-12, Hyderabad (“Ld. Cit(A)”) Dated 08.11.2023 For The A.Y 2016-17. 2. The Assessee Has Raised The Following Grounds Of Appeal: “1. The Learned Cit (Appeals) Is Erred In Facts & Law While Passing The Order.

For Appellant: CA M.V. PrasadFor Respondent: : Shri Ranjan Agrawala, Sr. DR
Section 132Section 143(2)Section 143(3)Section 153A

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PRIVATE LIMITED, CHENNAI

ITA 1817/CHNY/2025[2020-21]Status: DisposedITAT Chennai21 Nov 2025AY 2020-21

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

For Appellant: Mr. N. Arjun Raj, AdvocateFor Respondent: Mrs. C. Yamuna, CIT &
Section 132Section 139Section 153CSection 250

AHLUWALIA ERECTORS & FABRICATORS PRIVATE LIMITED, KOTA,KOTA vs. DCIT/ACIT CIR-2, KOTA, KOTA

In the result the appeal of\nthe assessee in ITA no 199/JP/2025 is allowed for statistical purposes

ITA 198/JPR/2025[2021-22]Status: DisposedITAT Jaipur12 Nov 2025AY 2021-22
For Appellant: Shri Mahendra Gargieya, AdvFor Respondent: Mrs. Anita Rinesh, JCIT
Section 143(1)Section 234ASection 250Section 43B

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Section 29 of the Income Tax Act — Case Laws | BharatTax