CIT v. G.M. Knitting Industries (P.) Ltd.

376 ITR 456Supreme Court of India2015#404 most cited

What is CIT v. G.M. Knitting Industries (P.) Ltd. authority for?

The requirement to file a certificate or form (e.g., Form 10CCB, 10-IC) along with the return of income for claiming a deduction (e.g., under sections 80-IB, 115BAA) is directory regarding its timing. Such a deduction is allowable if the requisite form is filed before the final order of assessment, as procedural requirements should not override substantive benefits.

221

judgments rely on this decision, according to BharatTax’s citation analysis of 366,470 Indian tax judgments — from 2016 to 2026.

Also referred to as

CIT v. G.M. Knitting Industries · 376 ITR 456 · G.M. Knitting · Section 80-IB · Section 115BAA · Section 80JJAA · Section 10B · Form 10CCB · filing forms for deduction · timing of claim · procedural vs substantive benefits · assessment procedure · Supreme Court

Issues it is cited on

Judgments citing CIT v. G.M. Knitting Industries (P.) Ltd.

Dadha & Co Golden Jubilee Trust, Chennai vs. National Faceless Assessment Unit, Chennai

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

ITA 3153/CHNY/2024[2018-19]Status: DisposedITAT Chennai28 Mar 2025AY 2018-19

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S.R. Raghunatha, Hon’Bleआयकर अपीलसं./Ita No.: 3153/Chny/2024 िनधा"रण वष" / Assessment Year: 2018-19 M/S. Dadha & Co Golden Jubilee The Income Tax Officer, Trust, V. Exemptions Ward-1, 250, Lloyds Road, Chennai. Chennai – 600 014. [Pan:Aaatd 2527M] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Shri D.Anand, Advocate अपीलाथ" की ओर से/Appellant By ""थ" की ओर से/Respondent By : Ms.Gouthami Manivasagam, Jcit सुनवाई क" तार"ख/Date Of Hearing : 26.03.2025 घोषणा क" तार"ख/Date Of Pronouncement : 28.03.2025 आदेश /O R D E R

For Respondent: Ms.Gouthami Manivasagam, JCIT
Section 10Section 11(2)Section 12ASection 143(3)

…(2007) 294 ITR 631 (Punj.&Har.) CIT -Vs- Berger Paints (India) Ltd., (2002) 254 ITR 503 (Cal.) 11. The decision in CIT -Vs- AKS Alloys Pvt Ltd (18 Taxmann.com 25 Mad) was affirmed by the Honourable Supreme Court in CIT -Vs- G.M.Knitting Industries Pvt Ltd., 376 ITR 456. Though the case arose out of non-filing of audit report in Form 10CCB to claim deduction under Section 80-IB of the Act, the ratio laid down in the decision squarely applies to the case on hand. Further, we note that the Central Board of Direct Taxes in Circular No.7/2018 [F.No.197/55/2018-ITA-I] dated 20.12.2018, had directed the Commissioner o…

Mantri Cosmos II Owners Welfare Association, Hyderabad vs. ACIT., Circle-6(1), Hyderabad

In the result, both the appeals of the assessee for the A

ITA 21/HYD/2025[2021-22]Status: DisposedITAT Hyderabad21 Mar 2025AY 2021-22

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G.आ.अपी.सं /Ita Nos.20 & 21/Hyd/2025 (िनधा"रण वष"/Assessment Years: 2020-21 & 2021-22) Mantri Cosmos Ii Owners Vs. Asstt. Commissioner Of Welfare Association Income Tax, Circle 6(1) Hyderabad Hyderabad Pan:Aaeam1297J (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Advocates K Hari Prasad & K Karthik राज" व "ारा/Revenue By:: Smt.M Narmada, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 19/03/2025 घोषणा की तारीख/Pronouncement: 21/03/2025 आदेश/Order

For Appellant: Advocates K Hari Prasad and KFor Respondent: : Smt.M Narmada, CIT(DR)
Section 139(1)Section 143(1)Section 143(1)(a)Section 143(3)Section 80I

…sment order is passed on 27/09/2022. In support of his contention, he has relied upon the judgement of the Hon'ble Madras High Court in the case of CIT vs. AKS Alloy (P) Ltd reported in 18 Taxmann.com 25 which has been affirmed by the Hon'ble Supreme Court in 376 ITR 456 in case of CIT vs. G.M Knitting Industries (P) Ltd (2016) 71 Taxmann.com 35 (S.C). Thus, the learned AR has contended that the Hon'ble High Court has held that even though necessary certificate in Form 10CCB along with the return of income has not been filed, the same was filed before the final order of the assessment, the assessee was entitled t…

Mantri Cosmos II Owners Welfare Association, Hyderabad vs. ACIT., Circle-6(1), Hyderabad

In the result, both the appeals of the assessee for the A

ITA 20/HYD/2025[2020-21]Status: DisposedITAT Hyderabad21 Mar 2025AY 2020-21

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G.आ.अपी.सं /Ita Nos.20 & 21/Hyd/2025 (िनधा"रण वष"/Assessment Years: 2020-21 & 2021-22) Mantri Cosmos Ii Owners Vs. Asstt. Commissioner Of Welfare Association Income Tax, Circle 6(1) Hyderabad Hyderabad Pan:Aaeam1297J (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Advocates K Hari Prasad & K Karthik राज" व "ारा/Revenue By:: Smt.M Narmada, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 19/03/2025 घोषणा की तारीख/Pronouncement: 21/03/2025 आदेश/Order

For Appellant: Advocates K Hari Prasad and KFor Respondent: : Smt.M Narmada, CIT(DR)
Section 139(1)Section 143(1)Section 143(1)(a)Section 143(3)Section 80I

…sment order is passed on 27/09/2022. In support of his contention, he has relied upon the judgement of the Hon'ble Madras High Court in the case of CIT vs. AKS Alloy (P) Ltd reported in 18 Taxmann.com 25 which has been affirmed by the Hon'ble Supreme Court in 376 ITR 456 in case of CIT vs. G.M Knitting Industries (P) Ltd (2016) 71 Taxmann.com 35 (S.C). Thus, the learned AR has contended that the Hon'ble High Court has held that even though necessary certificate in Form 10CCB along with the return of income has not been filed, the same was filed before the final order of the assessment, the assessee was entitled t…

Cosmos Engitech Private Limited, Atladra vs. DCIT, Vadodara

ITA 1773/AHD/2024[2023-24]Status: DisposedITAT Ahmedabad20 Mar 2025AY 2023-24

Bench: S/Shri Sanjay Garg & Makarand V. Mahadeokarassessment Year : 2023-24 Cosmos Engitech Pvt Ltd The Dcit, Cir.1(1)(4) Plot No.85/2, Cosmos House Vs Vadodara. Padra Road Vadodara. Pan : Aaacc 7647 J (Applicant) (Responent) : Assessee By Shri Manish J. Shah & Shri Rushin Patel, Ars. Revenue By : Shri Uday Kakne, Sr.Dr सुनवाई क" तारीख/Date Of Hearing : 20/03/2025 घोषणा क" तारीख /Date Of Pronouncement: 20/03/2025

For Respondent: Shri Uday Kakne, Sr.DR
Section 143(1)Section 143(3)Section 250Section 44ASection 80J

…आयकर अपीलीय अिधकरण आयकर अपीलीय अिधकरण, अहमदाबाद "यायपीठ आयकर अपीलीय अिधकरण आयकर अपीलीय अिधकरण अहमदाबाद "यायपीठ अहमदाबाद "यायपीठ ‘C’ अहमदाबाद। अहमदाबाद "यायपीठ अहमदाबाद। अहमदाबाद। अहमदाबाद। IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, AHMEDABAD ] ] BEFORE S/SHRI SANJAY GARG, JUDICIAL MEMBER AND MAKARAND V. MAHADEOKAR, ACCOUNTANT MEMBER Assessment Year : 2023-24 Cosmos Engitech Pvt Ltd The DCIT, Cir.1(1)(4) Plot NO.85/2, Cosmos House Vs Vadodara. Padra Road Vadodara. PAN : AAACC 7647 J (Applicant) (Responent) : Assessee by Shri Manish J. Shah, and Shri Rushin Patel, ARs. Revenue by : Shri Uday Kakne, Sr.DR सुनव…

Roxiler Systems Private Limited, Pune vs. The Income Tax Officer, Ward5(4), Pune

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

ITA 2078/PUN/2024[2022-23]Status: DisposedITAT Pune30 Dec 2024AY 2022-23

Bench: Dr.Dipak P. Ripote & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.2078/Pun/2024 िनधा"रण वष" / Assessment Year: 2022-23 Roxiler Systems Pvt. Ltd., A 508, Kamal Green Leaf, Vs The Income Tax Officer, Khadakwasala, Pune – 411024. Ward-5(4), Pune. Pan: Aahcr8766J Appellant/ Assessee Respondent / Revenue Assessee By : Shri Sharad S. Vaze & Shri Amod S. Vaze – Ar’S Revenue By : Shri Arvind Desai – Add.Cit(Dr) Date Of Hearing: 18/11/2024 Date Of Pronouncement : 30/12/2024 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Is An Appeal Filed By The Assessee Against The Order Of Ld.Commissioner Of Income Tax(Appeals)Addl./Jcit(A), Mysore For Assessment Year 2022-23Dated 20/08/2024 Passed U/Sec.250 Of The Income Tax Act, 1961, Emanating From An Order U/S 143(1) Of The Act Dated 19/08/2023.The Assessee Has Raised The Following Grounds Of Appeal : “1. On The Basis Of Facts & In The Circumstances Of The Case & As Per Law, Rejection Of Claim U/S 80Iac Of The Income Tax Act 1961 (Act) Is Beyond The Powers Of Cpc, Bengaluru In The Powers Of Cps, Bengaluru In Proceedings U/S 143(1) Of The Act. 2. On The Basis Of Facts & In The Circumstances Of The Case & As Per Law, The Commissioner Of Income Tax, (Appeals)-Nfac Delhi Is Not Justified In Rejecting The Claim Of The Assessee U/S 80Iac Of The Act. 3. The Appellant Craves Leave To Add, Alter, Omit Or Substitute Any Of The Grounds At The Time Of Hearing Of The Appeal.”

For Appellant: Shri Sharad S. Vaze and Shri Amod S. Vaze – AR’sFor Respondent: Shri Arvind Desai – Add.CIT(DR)
Section 143(1)Section 250Section 44ASection 80ISection 80J

…।आयकर अपीलीय अिधकरण ”बी” "ायपीठ पुणेम"। IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCHES “B” :: PUNE BEFORE DR.DIPAK P. RIPOTE, ACCOUNTANT MEMBER AND SHRI VINAY BHAMORE, JUDICIAL MEMBER आयकर अपील सं. / ITA No.2078/PUN/2024 िनधा"रण वष" / Assessment Year: 2022-23 Roxiler Systems Pvt. Ltd., A 508, Kamal Green Leaf, vs The Income Tax Officer, Khadakwasala, Pune – 411024. Ward-5(4), Pune. PAN: AAHCR8766J Appellant/ Assessee Respondent / Revenue Assessee by : Shri Sharad S. Vaze and Shri Amod S. Vaze – AR’s Revenue by : Shri Arvind Desai – Add.CIT(DR) Date of hearing: 18/11/2024 Date of pronouncement : 30/12/2024 आदेश…

Dy. Commissioner of Income Tax, Circle, Hisar vs. Synergy Waste Management Private Limited, Hisar

Appeal is dismissed in above terms

ITA 3557/DEL/2023[2017-18]Status: DisposedITAT Delhi20 Dec 2024AY 2017-18

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 3557/Del/2023 : Asstt. Year : 2017-18 Dcit, Vs Synergy Waste Management Pvt. Circle, Ltd., #168, Sector-27-28, Hisar, Hisar, Haryana-125001 Haryana-125001 (Appellant) (Respondent) Pan No. Aaics9088H Assessee By : Sh. S. K. Gupta, Ca Revenue By : Sh. Sahil Kumar Bansal, Sr. Dr Date Of Hearing: 12.12.2024 Date Of Pronouncement: 20.12.2024 Order Per Satbeer Singh Godara: This Revenue’S Appeal For Assessment Year 2017-18, Arises Against The Cit(A)/Nfac, Delhi’S Din & Order No. Itba/Nfac/S/250/2023-24/105727025(1) Dated 20.10.2023, In Proceedings U/S 143(3) Of The Income Tax Act, 1961 (In Short “The Act”).

For Appellant: Sh. S. K. Gupta, CAFor Respondent: Sh. Sahil Kumar Bansal, Sr. DR
Section 143(3)Section 4Section 801A(4)Section 80I

…claim made either in the return of income or in any manner before the conclusion of assessment proceedings, as is the case under consideration, would validate the entitlement. 11. The Hon'ble Supreme Court in CIT vs. G.M. Knitting Industries (P.) Ltd. (2015) 376 ITR 456 (SC) came across a situation in which the assessee claimed additional depreciation in Form 3AA but the Form was not furnished along with the return of income. Such Form was submitted during the course of assessment proceedings. The AO denied the claim on the ground that the Form 3AA was required to be statutorily filed along with the return of in…