DCIT v. Deccan Chronicle

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judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2019 to 2025.

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Judgments citing DCIT v. Deccan Chronicle

DCIT/ACIT, LTU-1, KOLKATA, KOLKATA vs. M/S. UNITED BANK OF INDIA, KOLKATA

In the result, the appeal of the revenue is dismissed whereas the cross-objection of the assessee is partly allowed

ITA 806/KOL/2017[2011-12]Status: DisposedITAT Kolkata29 May 2020AY 2011-12

Bench: Shri P.M. Jagtap, Vice-(Kz) & Shri A.T. Varkey, Jm] Assessment Year: 2011-12 D.C.I.T./A.C.I.T, Ltu-1, Kolkata........................................................................................Appellant 6Th Floor, Kendriya Utpad Shulk Bhawan, 180, Shantipally, Rajdanga Main Road, Kolkata – 700 107. M/S. United Bank Of India……………………………………………………............................Respondent 16, Old Court House Street, Dalhousie, Kolkata – 700 107 [Pan : Aaacu 5624 P] C.O. No. 47/Kol/2017 (Arising Out Of Ita No. 806/Kol/2017) Assessment Year: 2011-12 M/S. United Bank Of India…………………………………………………….......................Cross-Objector 16, Old Court House Street, Dalhousie, Kolkata – 700 107 [Pan : Aaacu 5624 P] D.C.I.T./A.C.I.T, Ltu-1, Kolkata....................................................................................Respondent 6Th Floor, Kendriya Utpad Shulk Bhawan, 180, Shantipally, Rajdanga Main Road, Kolkata – 700 107. Appearances By: Shri I. Jamir, Cit, Dr Appearing On Behalf Of The Revenue Shri Soumitra Choudhury, Advocate Appearing On Behalf Of The Assessee Date Of Concluding The Hearing : February 27, 2020 Date Of Pronouncing The Order : May 29, 2020 Order Per P.M. Jagtap, Vice-(Kz) This Appeal Is Preferred By The Revenue Against The Order Of Ld. Cit (A) – 17, Kolkata Dated 22.12.2016 & The Same Is Being Disposed Of Along With The Cross-Objection Filed By The Assessee Being C.O. No. 47/Kol/2017. 2. The Grounds Raised By The Revenue In Its Appeal Read As Under:

Section 115JSection 1ISection 2(5)Section 211

…IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH ‘B’, KOLKATA [BEFORE SHRI P.M. JAGTAP, VICE-PRESIDENT (KZ) & SHRI A.T. VARKEY, JM] Assessment Year: 2011-12 D.C.I.T./A.C.I.T, LTU-1, Kolkata........................................................................................Appellant 6th Floor, Kendriya Utpad Shulk Bhawan, 180, Shantipally, Rajdanga Main Road, Kolkata – 700 107. M/s. United Bank of India……………………………………………………............................Respondent 16, Old Court House Street, Dalhousie, Kolkata – 700 107 [PAN : AAACU 5624 P] C.O. No. 47/Kol/2017 (Arising out of ITA No. 806/Kol/2017) Assessment…

INDUSIND BANK LIMITED,MUMBAI vs. PR. COMMISSIONER OF INCOME TAX -2, MUMBAI

In the result, the appeal of the assessee is hereby ordered to be allowed

ITA 2588/MUM/2019[2013-14]Status: DisposedITAT Mumbai28 Aug 2019AY 2013-14

Bench: Shri M. Balaganesh, Am & Shri Amarjit Singh, Jm आयकर अपील सं/ I.T.A. No.2588/Mum/2019 (ननधधारण वर्ा / Assessment Years: 2013-14) बनधम/ M/S. Indusind Bank Ltd Pr. Chief Commissioner Of 8Th Floor, Tower No.1, Income-Tax-2 Vs. Room No.344, 3Rd Floor, One India Bulls Centre, Aayakar Bhavan, M.K. 841, Senapati Bapat Marg, Road, Mumbai-400020. Elphistone Road, Mumbai- 400013. स्थधयी लेखध सं./जीआइआर सं./Pan/Gir No. : Aaaci1314G (अपीलाथी /Appellant) (प्रत्यथी / Respondent) .. Assessee By: Shri Karthik Natarajan (Ar) Revenue By: Shri Awungshi Gimson (Dr) सुनवाई की तारीख / Date Of Hearing: 07/08/2019 घोषणा की तारीख /Date Of Pronouncement: 28/08/2019 आदेश / O R D E R Per Amarjit Singh, Jm: The Assessee Has Filed The Present Appeal Against The Order Dated 28.03.2019 Passed By The Principal Commissioner Of Income Tax-2, Mumbai [Hereinafter Referred To As The “Pcit”] Relevant To The A.Y.2013-14 In Which The Principal Commissioner Of Income Tax-2 Has Invoked The Provisions U/S 263 Of The I.T. Act, 1961. 2. The Brief Facts Of The Case Are That The Assessee Filed Its Return Of Income On 29.11.2013 Declaring Total Income To The Tune Of Rs.1556,56,31,880/- For The A.Y. 2013-14. Thereafter, The Assessment Was Completed U/S 143(3) Of The Act On 28.12.2016 Assessing The Total Income To The Tune Of Rs.1725,96,68,536/-. On Verification, It Was Found That The Order Dated 28.12.2016 Was Prejudicial To The Interest Of The Revenue & Requires Revision. The Notice Was Issued To The Assessee On The Following Grounds: - “On Examination Of The Records It Is Seen That Deduction To The Tune Of Rs.3,22,50,564/- Has Been Allowed To The Assessee U/S 35D Of The I.T. Act, 1961. However, It Was Noticed That The Said

For Appellant: Shri Karthik Natarajan (AR)For Respondent: Shri Awungshi Gimson (DR)
Section 143(3)Section 263Section 35D

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, MUMBAI BEFORE SHRI M. BALAGANESH, AM AND SHRI AMARJIT SINGH, JM आयकर अपील सं/ I.T.A. No.2588/Mum/2019 (ननधधारण वर्ा / Assessment Years: 2013-14) बनधम/ M/s. IndusInd Bank Ltd Pr. Chief Commissioner of 8th Floor, Tower No.1, Income-tax-2 Vs. Room No.344, 3rd Floor, One India Bulls Centre, Aayakar Bhavan, M.K. 841, Senapati Bapat Marg, Road, Mumbai-400020. Elphistone Road, Mumbai- 400013. स्थधयी लेखध सं./जीआइआर सं./PAN/GIR No. : AAACI1314G (अपीलाथी /Appellant) (प्रत्यथी / Respondent) .. Assessee by: Shri Karthik Natarajan (AR) Revenue by: Shri Awungshi Gimson (DR) सुन…