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Rahee Infratech Ltd., Kolkata vs Dcit, Cc-Xxi, Kolkata, Kolkata on 4 July, 2018 cites

T.R.F. Limited vs Commissioner Of Income Tax on 12 July, 2006

9. Assessment Year 2011-12 The first issue is allowability of claim of bad debts. In this year, the assessee claims that there was excess billing and an amount of Rs. 39,23,335/-, was due from GPT Infraprojects Ltd. As this was not irrecoverable, the same was written off. The undisputed fact is that when these bills were raised it was taken as the income of the assessee, under these circumstances, consistent with the view taken by us for the Assessment Year 2010- 11, and following the judgment of the Hon'ble Supreme Court, in the case of T.R.F. Ltd vs Commissioner of Income Tax (supra), we allow this claim of the assessee. Accordingly, this ground of the assessee is allowed.
Jharkhand High Court Cites 21 - Cited by 366 - M Y Eqbal - Full Document

New Savan Sugar & Gur Refining Co. Ltd vs Commissioner Of Income-Tax, Calcutta on 19 February, 1969

8.2. The ld. Counsel for the assessee relied on the decision of the Hon'ble Apex Court in the case of New Savan Sugar and Gur Refining Co. Ltd. v. CIT [1969] 74 ITR 7, for the proposition that the income in question should be assessed under the head "other sources" when the intention of the assessee is to part with the machinery and premise only with the purpose of earning rental income. He submitted that the factory building is classified under the head "plant and machinery" for the purpose of claim of depreciation and hence, when it is let out, it should be considered as letting out of plant and machinery and depreciation be allowed thereon. Alternatively, he submitted that under the block of 6 I.T(SS).A. No. 05/Kol/2015 Assessment Year: 2010-11 I.T(SS).A. No. 06/Kol/2015 Assessment Year: 2011-12 I.T(SS).A. No. 07/Kol/2015 Assessment Year: 2012-13 RaheeInfratech Ltd assets concept, depreciation on the WDV of the block has to be granted to the assessee. He relied on certain case-law on this issue.
Supreme Court of India Cites 14 - Cited by 89 - V Ramaswami - Full Document
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