It would be suffice to reproduce para 2 of the impugned order whereby action of Income Tax Appellate Tribunal was held to be justified in allowing additional depreciation as claimed by the respondent-assessee herein: -
Category - Latest Judgments
Latest Judgments of Supreme Court
Mohammed Yassin v. Ramizabi Etc.
Property Law — Adverse possession — Suit for declaration and injunction — Plaintiff’s claim against the appellant and other co-owners for declaration of title and injunction on the basis of adverse possession — Dismissal of —...
Uday Kumar Singh v. State of Bihar & Ors.
Penal Code, 1860 — Ss. 364-A, 302 — Kidnapping for ransom and murder of child — Conviction — Appreciation of evidence — Death sentence — If the rarest of rare case made out — Victim, aged about six years, became traceless while...
Massimilano Latorre and Ors. v. Union of India and Ors.
With the consent of the learned counsel appearing for the Union of India, the application for extension of time with effect from 15th July, 2015 for the applicant, Chief Master Sergeant Massimiliano Latorre, to remain in Italy...
Baba Shiv Nath Singh, Shikshan Evam Prashikshan Sansthan v. National Council for Teacher Education and Ors.
Education and Universities — Teachers Training — Affiliation/Recognition — Recognition and affiliation beyond dates mentioned in Maa Vaishno Devi Mahila Mahavidyalaya, (2013) 2 SCC 617 — Held, not to be permitted and not to grant...
Commercial Taxes Officer v. A Infrastructure Ltd.
A. Taxation — Rajasthan Sales Tax Act, 1994 — S. 4 r/w S. 8(3), Rajasthan Value Added Tax Act, 2003 — Exempted goods and exempted transactions — Distinction — There is difference between exempted goods, i.e., goods on which no...
Commissioner of Central Excise, Chennai v. M/s. Sai Mirra Innopharma Pvt. Ltd.
Excise — Excise duty — Liability to pay — Show cause notice to assessee — Allegation that the various Patent and Proprietary Medicines manufactured by assessee and supplied to Dr. Reddy Laboratories (DRL) were undervalued and...
Ambuja Cement Ltd. v. Commissioner of Central Excise, Chandigarh
A. Excise — CBEC Notifications/Circular — Exemption Notification No. 67/1995 — When applicable — If input specified in column (1) of the notification is manufactured in assessee’s factory and at the same time captively used in or...
Commissioner of Central Excise v. M/s. Tetra Pak Converting (P) Ltd.
Excise — Central Excise Rules, 1944 — R. 57A(4) — Credit — When permissible — Credit would be allowed if the inputs used in the manufacture of final products as well as on inputs which are used in or in relation to the...
Commissioner of Customs, Chennai v. M/s. Toyota Tsusho Pvt. Ltd.
Customs — Customs Duty — Classification — Respondent/assessee imported “beef leather cut pieces set TFC 235 Set” and mentioned the same at Serial Nos. 1 and 9 of the Bill of Entry dt. 5-9-2005, which was filed by the assessee on...

