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1 - 5 of 5 (0.36 seconds)Dineshkumar Gulabchand Agrawal vs Commissioner Of Income-Tax And Anr. on 9 January, 2003
Or, that the user does not imply an active user, but could also include a 'ready
to use' state, as clarified to be not so by the hon'ble jurisdictional high court in
Dineshkumar Gulabchand Agarwal (supra). So however, the assets which are subject to
any of the conditions provided in section 43(6)(c)(i)(B) are no longer in the assessee's
domain, while the value realized in their respect stands to be adjusted, so that the
question or issue boils down to one of value adjustment. It also needs to be noted that the
changed method of allowance of depreciation, i.e., after introduction of the concept of
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MA No. 414/Mum/2014
ITA No. 7315/Mum/2012 (A.Y. 2008-09)
Metro Exporters Pvt. Ltd.
Commissioner Of Income-Tax vs Oriental Coal Co. Ltd. on 4 January, 1994
Ltd. (supra) with reference to the
decision in the case of CIT vs. Oriental Coal Co. Ltd. [1994] 206 ITR 682 (Cal), rendered
following the decision in the case of Liquidators of Pursa Limited vs. CIT [1954] 25 ITR
265 (SC).
The Liquidators Of Pursa Limited vs Commissioner Of Income-Tax, Bihar on 9 February, 1954
Ltd. (supra) with reference to the
decision in the case of CIT vs. Oriental Coal Co. Ltd. [1994] 206 ITR 682 (Cal), rendered
following the decision in the case of Liquidators of Pursa Limited vs. CIT [1954] 25 ITR
265 (SC).
Assistant Commissioner Of Income-Tax ... vs Rishiroop Polymers (P.) Ltd. on 8 September, 2005
CIT vs.
Rishiroop Polymers (P.) Ltd. [2006] 102 ITD 129 (Mum). The assessee's alternate claim
for allowance of terminal deprecation on the entire amount of written down value (WDV)
of the relevant asset, written off in accounts, u/s.32(1)(iii); the said asset having been
discarded, was also considered inadmissible by the tribunal on the ground that the asset
had not been brought to use in any earlier year. However, it subsequently came to its
notice that the provision of section 32(1)(iii) is applicable only to assets subject to
3
MA No. 414/Mum/2014
ITA No. 7315/Mum/2012 (A.Y. 2008-09)
Metro Exporters Pvt. Ltd.
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