CIT v. Sitex Industries Ltd.

82 Taxmann.com 171High Court2017#903 most cited

What is CIT v. Sitex Industries Ltd. authority for?

No disallowance for investments made out of surplus funds can be made if tax-free dividends are earned on such investments.

117

judgments rely on this decision, according to BharatTax’s citation analysis of 366,470 Indian tax judgments — from 2018 to 2025.

Also referred to as

CIT v. Sitex Industries Ltd. · section 14A · section 8D · surplus funds · tax free dividend · disallowance · investment income · rule 8d disallowance

Sections most often in play

Section 14ASection 143(3)Section 253(3)Section 43BSection 8DSection 10(34)Section 139(5)Section 143(2)

Issues it is cited on

section 14bsection 8d(2)(ii)section 33bsection 10(33)section 14(2)section 8drule 8d disallowancesection 134section 198section 80ia(5)section 92b(1)section 40a(7)

Judgments citing CIT v. Sitex Industries Ltd.

Idbi Bank Ltd., Mumbai vs. DCIT (Ltu)-2, Mumbai

In the result, Revenue’s appeal is dismissed

ITA 3393/MUM/2019[2014-15]Status: DisposedITAT Mumbai11 Jun 2021AY 2014-15

Bench: Shri Mahavir Singh & Shri S. Rifaur Rahman

For Appellant: Shri C. NareshFor Respondent: Shri V. Sreekar
Section 115Section 143(3)Section 144C(3)Section 14ASection 37(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, MUMBAI BEFORE SHRI MAHAVIR SINGH, VICE PRESIDENT AND SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA no.3393/Mum./2019 (Assessment Year : 2014–15) IDBI Bank Ltd. IDBI Tower, WTC Complex 22nd Floor, Taxation Cell ……………. Appellant Cuffe Parade, Mumbai 400 005 PAN – AABCI8842G v/s Dy. Commissioner of Income Tax ……………. Respondent LTU–2, Mumbai ITA no.3845/Mum./2019 (Assessment Year : 2014–15) Dy. Commissioner of Income Tax ……………. Appellant LTU–2, Mumbai v/s IDBI Bank Ltd. IDBI Tower, WTC Complex 22nd Floor, Taxation Cell ……………. Respondent Cuffe Parade, Mumbai 400 005…

Petronet Lng Ltd., New Delhi vs. Addl. CIT, New Delhi

Appeal of the assessee is allowed

ITA 5232/DEL/2015[2011-12]Status: DisposedITAT Delhi18 Mar 2021AY 2011-12

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

For Appellant: Sh. Vishal Kalra, AdvFor Respondent: Sh. H. K. Choudhary, CIT DR
Section 14ASection 234C

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Sudhanshu Srivastava, Judicial Member Dr. B. R. R. Kumar, Accountant Member (Through Video Conferencing) ITA No. 5230/Del/2015 : Asstt. Year : 2009-10 ITA No. 5231/Del/2015 : Asstt. Year : 2010-11 ITA No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet LNG Ltd., Vs Deputy Commissioner of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (APPELLANT) (RESPONDENT) PAN No. AAACP8148D ITA No. 4902/Del/2015 : Asstt. Year : 2009-10 ITA No. 4903/Del/2015 : Asstt. Year : 2010-11…

Petronet Lng Ltd., New Delhi vs. Addl. CIT, New Delhi

Appeal of the assessee is allowed

ITA 5231/DEL/2015[2010-11]Status: DisposedITAT Delhi18 Mar 2021AY 2010-11

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

For Appellant: Sh. Vishal Kalra, AdvFor Respondent: Sh. H. K. Choudhary, CIT DR
Section 14ASection 234C

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Sudhanshu Srivastava, Judicial Member Dr. B. R. R. Kumar, Accountant Member (Through Video Conferencing) ITA No. 5230/Del/2015 : Asstt. Year : 2009-10 ITA No. 5231/Del/2015 : Asstt. Year : 2010-11 ITA No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet LNG Ltd., Vs Deputy Commissioner of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (APPELLANT) (RESPONDENT) PAN No. AAACP8148D ITA No. 4902/Del/2015 : Asstt. Year : 2009-10 ITA No. 4903/Del/2015 : Asstt. Year : 2010-11…

Petronet Lng Ltd., New Delhi vs. Addl. CIT, New Delhi

Appeal of the assessee is allowed

ITA 5230/DEL/2015[2009-10]Status: DisposedITAT Delhi18 Mar 2021AY 2009-10

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

For Appellant: Sh. Vishal Kalra, AdvFor Respondent: Sh. H. K. Choudhary, CIT DR
Section 14ASection 234C

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Sudhanshu Srivastava, Judicial Member Dr. B. R. R. Kumar, Accountant Member (Through Video Conferencing) ITA No. 5230/Del/2015 : Asstt. Year : 2009-10 ITA No. 5231/Del/2015 : Asstt. Year : 2010-11 ITA No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet LNG Ltd., Vs Deputy Commissioner of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (APPELLANT) (RESPONDENT) PAN No. AAACP8148D ITA No. 4902/Del/2015 : Asstt. Year : 2009-10 ITA No. 4903/Del/2015 : Asstt. Year : 2010-11…

DCIT, New Delhi vs. M/S. Petronet Lng Ltd., New Delhi

Appeal of the assessee is allowed

ITA 4904/DEL/2015[2011-12]Status: DisposedITAT Delhi18 Mar 2021AY 2011-12

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

For Appellant: Sh. Vishal Kalra, AdvFor Respondent: Sh. H. K. Choudhary, CIT DR
Section 14ASection 234C

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Sudhanshu Srivastava, Judicial Member Dr. B. R. R. Kumar, Accountant Member (Through Video Conferencing) ITA No. 5230/Del/2015 : Asstt. Year : 2009-10 ITA No. 5231/Del/2015 : Asstt. Year : 2010-11 ITA No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet LNG Ltd., Vs Deputy Commissioner of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (APPELLANT) (RESPONDENT) PAN No. AAACP8148D ITA No. 4902/Del/2015 : Asstt. Year : 2009-10 ITA No. 4903/Del/2015 : Asstt. Year : 2010-11…

DCIT, New Delhi vs. M/S. Petronet Lng Ltd., New Delhi

Appeal of the assessee is allowed

ITA 4903/DEL/2015[2010-11]Status: DisposedITAT Delhi18 Mar 2021AY 2010-11

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

For Appellant: Sh. Vishal Kalra, AdvFor Respondent: Sh. H. K. Choudhary, CIT DR
Section 14ASection 234C

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Sudhanshu Srivastava, Judicial Member Dr. B. R. R. Kumar, Accountant Member (Through Video Conferencing) ITA No. 5230/Del/2015 : Asstt. Year : 2009-10 ITA No. 5231/Del/2015 : Asstt. Year : 2010-11 ITA No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet LNG Ltd., Vs Deputy Commissioner of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (APPELLANT) (RESPONDENT) PAN No. AAACP8148D ITA No. 4902/Del/2015 : Asstt. Year : 2009-10 ITA No. 4903/Del/2015 : Asstt. Year : 2010-11…

DCIT, New Delhi vs. M/S. Petronet Lng Ltd., New Delhi

Appeal of the assessee is allowed

ITA 4902/DEL/2015[2009-10]Status: DisposedITAT Delhi18 Mar 2021AY 2009-10

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

For Appellant: Sh. Vishal Kalra, AdvFor Respondent: Sh. H. K. Choudhary, CIT DR
Section 14ASection 234C

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Sudhanshu Srivastava, Judicial Member Dr. B. R. R. Kumar, Accountant Member (Through Video Conferencing) ITA No. 5230/Del/2015 : Asstt. Year : 2009-10 ITA No. 5231/Del/2015 : Asstt. Year : 2010-11 ITA No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet LNG Ltd., Vs Deputy Commissioner of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (APPELLANT) (RESPONDENT) PAN No. AAACP8148D ITA No. 4902/Del/2015 : Asstt. Year : 2009-10 ITA No. 4903/Del/2015 : Asstt. Year : 2010-11…

DCIT (Ltu-2), Mumbai vs. Idbi Bank Ltd., Mumbai

In the result, the appeal filed by the Revenue is dismissed

ITA 3849/MUM/2019[2015-16]Status: DisposedITAT Mumbai09 Feb 2021AY 2015-16

Bench: Shri Saktijit Dey () & Shri N.K. Pradhan () Assessment Year: 2015-16

For Appellant: Mr. C. Naresh, ARFor Respondent: Mr. V. Sreekar, DR
Section 10(15)Section 10(34)Section 115JSection 143(3)Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “C” MUMBAI BEFORE SHRI SAKTIJIT DEY (JUDICIAL MEMBER) AND SHRI N.K. PRADHAN (ACCOUNTANT MEMBER) Assessment Year: 2015-16 IDBI Bank Ltd., DCIT – LTU (2), 22nd Floor, IDBI Tower, WTC Vs. 29th Floor, Centre No. 1, World Complex, Cuffe Parade, Trade Centre, Cuffe Parade, Mumbai-400 005. Mumbai-400 005 PAN No. AABCI 8842 G Appellant Respondent Assessment Year: 2015-16 DCIT – LTU (2), IDBI Bank Ltd., 29th Floor, Centre No. 1, World Vs. 22nd Floor, IDBI Tower, WTC Trade Centre, Cuffe Parade, Complex, Cuffe Parade, Mumbai-400 005 Mumbai-400 005. PAN No. AABCI 8842 G Ap…

Idbi Bank Ltd., Mumbai vs. DCIT (Ltu)-2, Mumbai

In the result, the appeal filed by the Revenue is dismissed

ITA 3394/MUM/2019[2015-16]Status: DisposedITAT Mumbai09 Feb 2021AY 2015-16

Bench: Shri Saktijit Dey () & Shri N.K. Pradhan () Assessment Year: 2015-16

For Appellant: Mr. C. Naresh, ARFor Respondent: Mr. V. Sreekar, DR
Section 10(15)Section 10(34)Section 115JSection 143(3)Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “C” MUMBAI BEFORE SHRI SAKTIJIT DEY (JUDICIAL MEMBER) AND SHRI N.K. PRADHAN (ACCOUNTANT MEMBER) Assessment Year: 2015-16 IDBI Bank Ltd., DCIT – LTU (2), 22nd Floor, IDBI Tower, WTC Vs. 29th Floor, Centre No. 1, World Complex, Cuffe Parade, Trade Centre, Cuffe Parade, Mumbai-400 005. Mumbai-400 005 PAN No. AABCI 8842 G Appellant Respondent Assessment Year: 2015-16 DCIT – LTU (2), IDBI Bank Ltd., 29th Floor, Centre No. 1, World Vs. 22nd Floor, IDBI Tower, WTC Trade Centre, Cuffe Parade, Complex, Cuffe Parade, Mumbai-400 005 Mumbai-400 005. PAN No. AABCI 8842 G Ap…

Dy. Commissioner of Income Tax Circle-14 (1)(2), Mumbai vs. Godrej Properties Ltd, Mumbai

In the result, the appeal of the revenue is dismissed and appeal of the assessee is allowed

ITA 6486/MUM/2018[2013-14]Status: DisposedITAT Mumbai11 Nov 2020AY 2013-14

Bench: Shri Saktijit Dey, Jm & Shri M.Balaganesh, Am Dy. Commissioner Of Vs. M/S. Godrej Properties Income Tax, Circle-14(1)(2) Limited Mumbai Ground Floor Room No.475, 4Th Floor Phirojshanagar, Aayakar Bhavan Eastern Express Highway, M.K.Road, Vikhroli East Mumbai – 400 020 Mumbai – 400 079 Pan/Gir No. Aaacg3995M (Appellant) .. (Respondent) M/S. Godrej Properties Vs. Dy. Commissioner Of Income Limited Tax, Circle-14(1)(1) Esplande House Mumbai 2Nd Floor Room No.404, 4Th Floor 29, Hazarimal Somani Aayakar Bhavan Marg, Fort, M.K.Road, Mumbai – 400 001 Mumbai – 400 020 Pan/Gir No. Aaacg3995M (Appellant) .. (Respondent) Revenue By Shri V. Vinodkumar Assessee By Shri Farooq V. Irani Date Of Hearing 29/10/2020 Date Of Pronouncement 11/11/2020 M/S. Godrej Properties Ltd.

Section 143(3)Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL (VIRTUAL COURT), ‘G‘ BENCH MUMBAI BEFORE SHRI SAKTIJIT DEY, JM & SHRI M.BALAGANESH, AM Dy. Commissioner of Vs. M/s. Godrej Properties Income Tax, Circle-14(1)(2) Limited Mumbai Ground Floor Room No.475, 4th Floor Phirojshanagar, Aayakar Bhavan Eastern Express Highway, M.K.Road, Vikhroli East Mumbai – 400 020 Mumbai – 400 079 PAN/GIR No. AAACG3995M (Appellant) .. (Respondent) M/s. Godrej Properties Vs. Dy. Commissioner of Income Limited Tax, Circle-14(1)(1) Esplande House Mumbai 2nd Floor Room No.404, 4th Floor 29, Hazarimal Somani Aayakar Bhavan Marg, Fort, M.K.Road, Mumbai…

M/S. Taurus Home Furnishings Ltd., New Delhi vs. ACIT, New Delhi

In the result, the appeal of the assessee is allowed

ITA 6344/DEL/2016[2012-13]Status: DisposedITAT Delhi24 Feb 2020AY 2012-13

Bench: Sh. Kuldip Singhdr. B. R. R. Kumarita No. 6344/Del/2016 : Asstt. Year : 2012-13 Taurus Home Furnishings Ltd. Vs Acit, P-65 South Extension- Ii, Circle-25 (1), New Delhi-110049 New Delhi (Appellantt (Respondent) Pan No. Aacct3484A Assessee By : Sh. V. K. Garg, Adv. Revenue By : Sh. Saras Kumar, Sr. Dr Date Of Hearing:23.01.2020 Date Of Pronouncement: 24.02.2020

For Appellant: Sh. V. K. Garg, AdvFor Respondent: Sh. Saras Kumar, Sr. DR
Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Kuldip Singh, Judicial Member Dr. B. R. R. Kumar, Accountant Member ITA No. 6344/Del/2016 : Asstt. Year : 2012-13 Taurus Home Furnishings Ltd. Vs ACIT, P-65 South Extension- II, Circle-25 (1), New Delhi-110049 New Delhi (APPELLANTT (RESPONDENT) PAN No. AACCT3484A Assessee by : Sh. V. K. Garg, Adv. Revenue by : Sh. Saras Kumar, Sr. DR Date of Hearing:23.01.2020 Date of Pronouncement: 24.02.2020 ORDER Per Dr. B. R. R. Kumar, Accountant Member: The present appeal has been filed by the assessee against the orders of the ld. CIT(A)-10, New…

The Deputy Commissioner of Income Tax, Circle-2(1), Vijayawada vs. Kapil Infra Avenues Private Limited, Vijayawada

In the result, appeal filed by the Revenue is dismissed

ITA 141/VIZ/2018[2014-15]Status: DisposedITAT Visakhapatnam25 Sept 2019AY 2014-15

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bledcit, Circle-2(1), Vs. M/S. Kapil Infra Avenues Pvt. Vijayawada. Ltd., D.No. 40-14-3/1, Chandramouli Puram, Near Benz Circle, Vijayawada. Pan No. Aadck 4944 P (Appellant) (Respondent)

For Appellant: NoneFor Respondent: Smt. Suman Malik – Sr.DR
Section 143(1)Section 143(3)Section 14ASection 263

…IN THE INCOME TAX APPELLATE TRIBUNAL VISAKHAPATNAM BENCH, VISAKHAPATNAM BEFORE SHRI V. DURGA RAO, HON’BLE JUDICIAL MEMBER & SHRI D.S. SUNDER SINGH, HON’BLE ACCOUNTANT MEMBER DCIT, Circle-2(1), vs. M/s. Kapil Infra Avenues Pvt. Vijayawada. Ltd., D.No. 40-14-3/1, Chandramouli Puram, Near Benz Circle, Vijayawada. PAN No. AADCK 4944 P (Appellant) (Respondent) Assessee by : None Department by : Smt. Suman Malik – Sr.DR Date of hearing : 03/09/2019. Date of pronouncement : 25/09/2019. O R D E R PER V. DURGA RAO, JUDICIAL MEMBER This appeal by the Revenue is directed against the order of Commissioner of Income Tax (…

Idbi Bank Ltd., Mumbai vs. ACIT (Ltu)-2, Mumbai

In the result this ground of appeal is

ITA 3423/MUM/2018[2008-09]Status: DisposedITAT Mumbai03 Sept 2019AY 2008-09

Bench: Shri R.C. Sharma & Shri Pawan Singh

Section 115JSection 143(3)Section 147Section 148Section 254(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL, BENCH “C”, MUMBAI BEFORE SHRI R.C. SHARMA, ACCOUNTANT MEMBER AND SHRI PAWAN SINGH, JUDICIAL MEMBER ITA No. 3423/Mum/2018-(Assessment year: 2008-09) ITA No. 3424/Mum/2018-(Assessment year: 2011-12) ITA No. 3425/Mum/2018-(Assessment year: 2012-13) ITA No. 3426/Mum/2018-(Assessment year: 2013-14) IDBI Bank Ltd., DCIT-Cent. Large Tax Unit, 29th Floor, Centre -1, IDBI Tower, WTC Complex, 22nd Floor, Taxation Cell, WTC Complex, Cuffe Parade, Cuffe Parade, Vs Mumbai-400 005 Mumbai-400 005 PAN : AABCI 18842G APPELLANT RESPONDEDNT ITA No. 4041/Mum/2018-(Assessment year: 2011-12) ITA…

Assistant Commissioner of Income Tax 2(3)(2), Mumbai vs. Kotak Mahindra Bank Limited, Mumbai

In the result, both the appeals filed by the revenue are dismissed

ITA 781/MUM/2018[2013-14]Status: DisposedITAT Mumbai27 Aug 2019AY 2013-14

Bench: Shri Shamim Yahya & Shri Pawan Singh

Section 143(3)Section 14ASection 36Section 36(1)(vii)

…IN THE INCOME TAX APPELLATE TRIBUNAL, BENCH “H”, MUMBAI BEFORE SHRI SHAMIM YAHYA, ACCOUNTANT MEMBER AND SHRI PAWAN SINGH JUDICIAL MEMBER ITA Nos. 781 & 782/Mum/2018 (Assessment year: 2013-14 & 2014-15) ACIT-2(3)(2), Vs M/s Kotak Mahindra Bank Ltd Room No. 552, 5th Floor, 27, BKC, C-27, “G Block Aayakar Bhawan, M.K.Road, Bandra Kurla Complex, Mumbai Bandra (E) Mumbai-400 051 PAN : AAACK4409J APPELLANT RESPONDEDNT Appellant by Shri B. Srinivas, CIT-DR Respondent by Shri FV Irani / Chetan Kaka-ARs Date of hearing 31-07-2019 Date of pronouncement 27-08-2019 O R D E R Per Pawan Singh, Judicial Member : 1. These…

Shri Divyakant L Panara, Na

In the result, the appeal of the assessee is allowed

ITA 1583/AHD/2017[2013-14]Status: DisposedITAT Surat18 Jul 2019AY 2013-14

Bench: Shrih. S. Sidhu & Shri O. P. Meenaआ.अ.सं./I.T.A No.1583/Ahd/2017 िनधा"रणवष"/Assessment Year: 2013-14 Shri Divyakant L Panara, V. Income Tax Officer, 308, Old Gidc Colony Street, Ward- 2, Navsari Kabilpore , Navsari, 396 445 Pan: Adwpp 1602 L अपीलाथ" Appellant ""यथ"/Respondent

Section 14ASection 36(1)Section 36(1)(iii)

…Page 1 of 4 Divyakant L Panara v. ITO Wd-2, Navsari I.T.A. No.1583/AHD/2017/A.Y.2013-14 आयकरअपीलीयअिधकरण,सुरत"यायपीठ,सुरत IN THE INCOME TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE SHRIH. S. SIDHU, JUDICIAL MEMBER AND SHRI O. P. MEENA, ACCOUNTANT MEMBER आ.अ.सं./I.T.A No.1583/AHD/2017 िनधा"रणवष"/Assessment Year: 2013-14 Shri Divyakant L Panara, V. Income Tax Officer, 308, Old GIDC Colony Street, Ward- 2, Navsari Kabilpore , Navsari, 396 445 PAN: ADWPP 1602 L अपीलाथ" Appellant ""यथ"/Respondent Shri Mehul R. Shah, CA िनधा"रतीक"ओरसे Assessee by Shri R. P. Rastogi, Sr. D.R. राज"वक"ओरसे Revenue by 16.07.2019 सुनव…

Mesres Surya Motors, Abohar vs. Deputy Commissioner of Income Tax Circle-II, Bathinda

Appeals are partly allowed

ITA 91/ASR/2018[2013-14]Status: DisposedITAT Amritsar03 Jun 2019AY 2013-14

Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi. T. A. Nos. 90 & 91/(Asr)/2018 Assessment Years: 2012-13 & 2013-14

For Appellant: Sh. P. N. Arora (Adv.)For Respondent: Sh. Charan Dass (D.R.)
Section 143(3)Section 14ASection 36(1)(iii)

…IN THE INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH, AMRITSAR. BEFORE SH. SANJAY ARORA, ACCOUNTANT MEMBER AND SH. N. K. CHOUDHRY, JUDICIAL MEMBER I. T. A. Nos. 90 & 91/(Asr)/2018 Assessment Years: 2012-13 & 2013-14 Surya Motors, vs. Deputy Commissioner of Income Hanumangarh Road, Tax, Circle-II, Bathinda Abohar-152116 [PAN: AADFS 2727B] (Appellant) (Respondent) Appellant by : Sh. P. N. Arora (Adv.) Respondent by: Sh. Charan Dass (D.R.) Date of Hearing: 07.03.2019 Date of Pronouncement: 04.06.2019 ORDER Per Sanjay Arora, AM: This is a set of two Appeals by the Assessee for two consecutive years, being a…

Mesers Surya Motors, Abohar vs. Deputy Commissioner of Income Tax, Circle-II, Bathinda

Appeals are partly allowed

ITA 90/ASR/2018[2012-13]Status: DisposedITAT Amritsar03 Jun 2019AY 2012-13

Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi. T. A. Nos. 90 & 91/(Asr)/2018 Assessment Years: 2012-13 & 2013-14

For Appellant: Sh. P. N. Arora (Adv.)For Respondent: Sh. Charan Dass (D.R.)
Section 143(3)Section 14ASection 36(1)(iii)

…IN THE INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH, AMRITSAR. BEFORE SH. SANJAY ARORA, ACCOUNTANT MEMBER AND SH. N. K. CHOUDHRY, JUDICIAL MEMBER I. T. A. Nos. 90 & 91/(Asr)/2018 Assessment Years: 2012-13 & 2013-14 Surya Motors, vs. Deputy Commissioner of Income Hanumangarh Road, Tax, Circle-II, Bathinda Abohar-152116 [PAN: AADFS 2727B] (Appellant) (Respondent) Appellant by : Sh. P. N. Arora (Adv.) Respondent by: Sh. Charan Dass (D.R.) Date of Hearing: 07.03.2019 Date of Pronouncement: 04.06.2019 ORDER Per Sanjay Arora, AM: This is a set of two Appeals by the Assessee for two consecutive years, being a…

RG Faith Creation Pvt. Ltd., Ahmedabad vs. The Dy. CIT, Circle-3(1)(2), Ahmedabad

In the result, appeal of the assessee is partly allowed

ITA 2615/AHD/2017[2014-15]Status: DisposedITAT Ahmedabad14 May 2019AY 2014-15

Bench: Shri Rajpal Yadav & Shri Pradip Kumar Kediaआयकर अपील सं./I.T.A. No.2615/Ahd/2017 ("नधा"रण वष" / Assessment Year : 2014-15)

For Appellant: Shri Gaurav Nahta, ARFor Respondent: Shri S.K. Dev, Sr.DR
Section 14

…आयकर अपील"य अ"धकरण, अहमदाबाद "यायपीठ ‘ए’, अहमदाबाद । IN THE INCOME TAX APPELLATE TRIBUNAL “ A ” BENCH, AHMEDABAD सव"ी राजपाल यादव, "या"यक सद"य एवं "द"प कुमार के"डया, लेखा सद"य के सम"। BEFORE SHRI RAJPAL YADAV, JUDICIAL MEMBER & SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER आयकर अपील सं./I.T.A. No.2615/Ahd/2017 ("नधा"रण वष" / Assessment Year : 2014-15) RG Faith Creation Pvt.Ltd. The DCIT बनाम/ 506, New Cloth Market Circle-3(1)(2) Vs. O/s.Raipur Gate Ahmedabad Ahmedabad – 380 002 "थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AAACF 5964 D .. (""यथ" / Respondent) (अपीलाथ" /Appellant) अपीलाथ" ओर से / Appellant by : Shri Gau…

Infrastructure Leasing & Financial Services Ltd., Mumbai vs. Addl. CIT, Range-10(1), Mumbai

In the result, appeals filed by the Revenue for all assessment years are partly

ITA 3339/MUM/2011[2005-06]Status: DisposedITAT Mumbai30 Apr 2019AY 2005-06

Bench: Shri G. Manjunatha & Shri Ravish Sood, Assessment Years: 2005-06 Addl. Commissioner Of Infrastructure Leasing & Income Tax-Range 10(1) Financial Services Limited बनाम/ Mumbai The Il&Fs Financial Center Vs. Plot No. C-22, G Block Bandra Kurla Complex Bandra (E) Mumbai 400051 (राज"व /Revenue) ("नधा"रती /Assessee) P.A. No. Aaaci-0989-F Assessment Years: 2005-06 Infrastructure Leasing & Addl. Commissioner Of Financial Services Limited Income Tax-Range 10(1) बनाम/ The Il&Fs Financial Center Mumbai Vs. Plot No. C-22, G Block Bandra Kurla Complex Bandra (E) Mumbai 400051 (राज"व /Revenue) ("नधा"रती /Assessee) P.A. No. Aaaci-0989-F Assessment Years: 2006-07 Addl. Commissioner Of Infrastructure Leasing & Income Tax-Range 10(1) Financial Services Limited बनाम/ Mumbai The Il&Fs Financial Center Vs. Plot No. C-22, G Block Bandra Kurla Complex Bandra (E) Mumbai 400051 (राज"व /Revenue) ("नधा"रती /Assessee) P.A. No. Aaaci-0989-F

Section 10(230)Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “C”, MUMBAI Before Shri G. MANJUNATHA, Accountant Member and Shri RAVISH SOOD, Judicial Member, Assessment Years: 2005-06 ADDL. COMMISSIONER OF INFRASTRUCTURE LEASING & INCOME TAX-Range 10(1) FINANCIAL SERVICES LIMITED बनाम/ Mumbai The IL&FS Financial Center Vs. Plot No. C-22, G Block Bandra Kurla Complex Bandra (E) Mumbai 400051 (राज"व /Revenue) ("नधा"रती /Assessee) P.A. No. AAACI-0989-F Assessment Years: 2005-06 INFRASTRUCTURE LEASING & ADDL. COMMISSIONER OF FINANCIAL SERVICES LIMITED INCOME TAX-Range 10(1) बनाम/ The IL&FS Financial Center Mumbai Vs. Plot No.…

Aditya Medisales Limited, Baroda vs. The Dy.CIT, Circle-1(1), Baroda

In the result, appeal of the assessee is partly allowed whereas

ITA 3049/AHD/2014[2008-09]Status: DisposedITAT Ahmedabad29 Mar 2019AY 2008-09

Bench: Shri Pradip Kumar Kedia & Shri Mahavir Prasad, Judicial Memebr

For Appellant: Shri S. N. Soparkar, A.RFor Respondent: Shri Anshu Prakash, CITD.R
Section 115JSection 14ASection 43B

…आयकर अपील"य अ"धकरण, अहमदाबाद "यायपीठ ‘D’ अहमदाबाद । IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD BEFORE SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER & SHRI MAHAVIR PRASAD, JUDICIAL MEMEBR आयकर अपील सं./I.T.A. Nos. 3049/Ahd/2014, 2511 & 3415, 2512 & 2513/Ahd/2015 ("नधा"रण वष" / Assessment Years : 2008-09, 2009-10, 2010-11 & 2011-12) Aditya Medisales Limited Dy. Commissoner of बनाम/ 402, 4th Floor, R K Center, Income Tax Vs. Fatehgunj, Baroda - Cricle-1(1), Baroda 390002 "थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AABCA9317J (Appellant) .. (Respondent) & आयकर अपील सं./I.T.A. Nos. 2548, 3354, 2549 & 25…