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The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The Tribunal held that the reassessment proceedings were validly initiated as there was tangible material and a 'reason to believe' that income had escaped assessment. However, regarding the addition on merits, the Tribunal found that the AO did not provide details of the alleged fictitious losses, preventing the assessee from proving their genuineness.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The Tribunal set aside the ex parte order of the CIT(A) and restored the matter for fresh adjudication. The assessee was granted a reasonable opportunity of hearing.
The Tribunal held that the addition should be sustained at 10% of the hawala purchases plus the normal Gross Profit (GP) rate shown by the assessee. The CIT(A)'s restriction to only 10% was set aside.
The Tribunal, following its previous decisions and High Court/Supreme Court pronouncements, held that interest income earned by a cooperative society on surplus funds invested in scheduled banks is eligible for deduction under section 80P(2)(a)(i) of the Act.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The Tribunal held that the issue of reassessment proceedings under Section 147 was not pressed. Regarding the computation of income, it was found that Rule 7 of the Income Tax Rules, 1962, which governs the computation of agricultural and business income from similar operations, was not applied by the lower authorities. The matter was restored to the Assessing Officer for fresh computation applying Rule 7.
The Tribunal held that the lower authorities did not properly consider the assessee's evidence showing receipt of interest at 24% and consistent payment of such interest in preceding years. Therefore, the matter was remitted back to the Assessing Officer for a fresh decision.
The Tribunal set aside the impugned orders and remitted the matter back to the Assessing Officer. The AO is to decide the issue afresh after considering the pending civil suits and allowing a reasonable opportunity of hearing to the assessees.
The Tribunal dismissed the appeal filed by the Revenue. This was based on the letter from the Principal CIT accepting the CIT(A)'s decision and stating that further appeal would be infructuous litigation.
The Tribunal held that payments for professional services rendered by trustees, linked to patient fees, and utilization charges for assets owned by trustees but used by the trust, are not violations of Section 13(1)(c) if not excessive or for undue benefit. Therefore, these payments are allowable.
The Tribunal condoned the delay in filing the appeal. It found that the CIT(A) had decided the appeal ex-parte without affording a reasonable opportunity of hearing to the assessee.
The Tribunal held that payments for professional services rendered by trustees, linked to patient fees, and utilization charges for assets owned by trustees but used by the trust, are allowable. These payments were not considered to be for the direct or indirect benefit of the trustees.
The Tribunal held that interest paid on term loans is not allowable against interest income. However, 50% of the interest paid to flat buyers for advances is allowable as a deduction against interest receipts.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The Tribunal held that in the absence of any evidence found during the search for the assessment year 2012-13, no addition is warranted by estimating toll receipts outside the books of account. This decision was based on the Tribunal's own previous orders concerning the assessee.
The Tribunal held that the second proviso to Section 40(a)(ia), inserted by the Finance Act, 2012, is declaratory and curative, applying retrospectively from April 1, 2005, as per High Court decisions. Consequently, the issue of disallowance was restored to the Assessing Officer for verification in light of this proviso.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The Tribunal set aside the impugned orders and remitted the matter back to the Assessing Officer. The AO is to decide the issue afresh after considering the pending civil suits and allowing a reasonable opportunity of hearing to the assessees.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The Tribunal set aside the impugned orders and remitted the matter back to the Assessing Officer. The AO is to decide the issue afresh after considering the pending civil suits and allowing a reasonable opportunity of hearing to the assessees.
The Tribunal held that the issue of reassessment proceedings under Section 147 was not pressed. Regarding the computation of income, it was found that Rule 7 of the Income Tax Rules, 1962, which governs the computation of agricultural and business income from similar operations, was not applied by the lower authorities. The matter was restored to the Assessing Officer for fresh computation applying Rule 7.
The Tribunal held that the issue of reassessment proceedings under Section 147 was not pressed. Regarding the computation of income, it was found that Rule 7 of the Income Tax Rules, 1962, which governs the computation of agricultural and business income from similar operations, was not applied by the lower authorities. The matter was restored to the Assessing Officer for fresh computation applying Rule 7.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.
The tribunal held that employee's and employer's contribution to provident fund made before the due date of filing the return of income is allowable. Contributions to the Chief Minister's Relief Fund were remitted to the AO for adjudication under Section 80G. Provisions of Section 43B were not attracted for interest on government-disbursed loans, and harvesting and transportation expenses were allowable as per CBDT circular.