Pr. CIT v. Avantha Realty Ltd.

164 Taxmann.com 376High Court2024#3341 most cited

What is Pr. CIT v. Avantha Realty Ltd. authority for?

Amendments made to Section 14A by the Finance Act, 2022, inserting a non-obstante clause and an explanation, are prospective from April 1, 2022, and cannot be applied retrospectively. Further, where no exempt income is earned, Section 14A read with Rule 8D cannot be applied.

35

judgments rely on this decision, according to BharatTax’s citation analysis of 366,314 Indian tax judgments — from 2024 to 2025.

Also referred to as

Pr. CIT v. Avantha Realty Ltd. · Section 14A · Rule 8D · Finance Act 2022 amendment · prospective amendment · no exempt income · disallowance under section 14a · clarificatory amendment

Sections most often in play

Section 14ASection 143(3)Section 8DSection 115JBSection 253(3)Section 250Section 43BSection 143(2)

Issues it is cited on

section 9(1)(ii)section 10(33)section 80abretention moneysection 253(3)disallowance under section 14adisallowance u/s 14asection 115jb(2)initial assessment yearclarificatory amendmentretrospective amendmentsection 80ia(4)

Judgments citing Pr. CIT v. Avantha Realty Ltd.

M/S. Apco Infratech Pvt. Ltd., Lucknow vs. ACIT-1, Lucknow

In the result, appeals vide

ITA 356/LKW/2020[2016-17]Status: DisposedITAT Lucknow02 Apr 2025AY 2016-17

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

Section 143(1)Section 143(2)Section 143(3)Section 80I

…1 IN THE INCOME TAX APPELLATE TRIBUNAL LUCKNOW BENCH ‘A’, LUCKNOW BEFORE SHRI ANADEE NATH MISSHRA, ACCOUNTANT MEMBER AND SHRI SUBHASH MALGURIA, JUDICIAL MEMBER I.T.A. No.17/Lkw/2024 Assessment Years:2018-19 M/s APCO Infratech Pvt. Ltd., Vs. Dy./A.C.I.T.-1, B-9, Vibhuti Khand, (Central-1), Gomti Nagar, Lucknow Lucknow. PAN:AADCA5639H (Appellant) (Respondent) I.T.A. No.356 & 357/Lkw/2020 Assessment Years:2016-17 & 17-18 M/s APCO Infratech Pvt. Ltd., Vs. A.C.I.T.-1, B-9, Vibhuti Khand, (Central-1), Gomti Nagar, Lucknow Lucknow. PAN:AADCA5639H (Appellant) (Respondent) I.T.A. No.453 & 454/Lkw/2020 Assessment Y…

Assistant Commissioner of Income Tax, Madurai vs. Ramco Industries Limited, Madurai

Appeals of the revenue stand dismissed

ITA 2884/CHNY/2024[2020]Status: DisposedITAT Chennai24 Feb 2025

Bench: Hon’Ble Shri Manoj Kumar Aggarwal & Hon’Ble Shri Manu Kumar Giriआयकरअपील सं./ Ita Nos.2883 & 2884/Chny/2024. (िनधा"रणवष" / Assessment Years: 2018-2019 & 2020-2021) The Assistant Commissioner Of Vs. Ramco Industries Limited, Income Tax, 47, Psk Nagar, Corporate Circle, Rajapalayam 626 108. Madurai [Pan Aaacr 5284J] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri. S. Muralidhar & Shri J. Prabhakar, F.C.As. ""यथ" क" ओर से /Respondent By : Shri. R. Bhoopathi, Addl. Cit. सुनवाई क" तार"ख/Date Of Hearing : 06.02.2025 घोषणा क" तार"ख /Date Of Pronouncement : 24.02.2025 आदेश / O R D E R Per Manu Kumar Giri ()

For Appellant: Shri. S. Muralidhar and Shri JFor Respondent: Shri. R. Bhoopathi, Addl. CIT
Section 115JSection 143(3)Section 14A

…आयकर अपीलीय अिधकरण ‘ए’’ "ायपीठ चे"ई म"। IN THE INCOME TAX APPELLATE TRIBUNAL ‘A’ BENCH, CHENNAI माननीय "ी मनोज कुमार अ"वाल ,लेखा सद" एवं माननीय "ी मनु कुमार िग"र, "ाियक सद" के सम"। BEFORE HON’BLE SHRI MANOJ KUMAR AGGARWAL, ACCOUNTANT MEMBER AND HON’BLE SHRI MANU KUMAR GIRI, JUDICIAL MEMBER आयकरअपील सं./ ITA Nos.2883 & 2884/Chny/2024. (िनधा"रणवष" / Assessment Years: 2018-2019 & 2020-2021) The Assistant Commissioner of Vs. Ramco Industries Limited, Income Tax, 47, PSK Nagar, Corporate Circle, Rajapalayam 626 108. Madurai [PAN AAACR 5284J] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant by : Shri…

Assistant Commissioner of Income Tax, Madurai vs. Ramco Industries Limited, Rajapalayam

Appeals of the revenue stand dismissed

ITA 2883/CHNY/2024[2018]Status: DisposedITAT Chennai24 Feb 2025

Bench: Hon’Ble Shri Manoj Kumar Aggarwal & Hon’Ble Shri Manu Kumar Giriआयकरअपील सं./ Ita Nos.2883 & 2884/Chny/2024. (िनधा"रणवष" / Assessment Years: 2018-2019 & 2020-2021) The Assistant Commissioner Of Vs. Ramco Industries Limited, Income Tax, 47, Psk Nagar, Corporate Circle, Rajapalayam 626 108. Madurai [Pan Aaacr 5284J] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri. S. Muralidhar & Shri J. Prabhakar, F.C.As. ""यथ" क" ओर से /Respondent By : Shri. R. Bhoopathi, Addl. Cit. सुनवाई क" तार"ख/Date Of Hearing : 06.02.2025 घोषणा क" तार"ख /Date Of Pronouncement : 24.02.2025 आदेश / O R D E R Per Manu Kumar Giri ()

For Appellant: Shri. S. Muralidhar and Shri JFor Respondent: Shri. R. Bhoopathi, Addl. CIT
Section 115JSection 143(3)Section 14A

…आयकर अपीलीय अिधकरण ‘ए’’ "ायपीठ चे"ई म"। IN THE INCOME TAX APPELLATE TRIBUNAL ‘A’ BENCH, CHENNAI माननीय "ी मनोज कुमार अ"वाल ,लेखा सद" एवं माननीय "ी मनु कुमार िग"र, "ाियक सद" के सम"। BEFORE HON’BLE SHRI MANOJ KUMAR AGGARWAL, ACCOUNTANT MEMBER AND HON’BLE SHRI MANU KUMAR GIRI, JUDICIAL MEMBER आयकरअपील सं./ ITA Nos.2883 & 2884/Chny/2024. (िनधा"रणवष" / Assessment Years: 2018-2019 & 2020-2021) The Assistant Commissioner of Vs. Ramco Industries Limited, Income Tax, 47, PSK Nagar, Corporate Circle, Rajapalayam 626 108. Madurai [PAN AAACR 5284J] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant by : Shri…

Muthu Thevar Nagarajan, Dindigul vs. ITO, Ward-1., Dindigul

Appeals of the revenue stand dismissed

ITA 2083/CHNY/2024[2018-19]Status: DisposedITAT Chennai24 Feb 2025AY 2018-19

Bench: Hon’Ble Shri Manoj Kumar Aggarwal & Hon’Ble Shri Manu Kumar Giriआयकरअपील सं./ Ita Nos.2883 & 2884/Chny/2024. (िनधा"रणवष" / Assessment Years: 2018-2019 & 2020-2021) The Assistant Commissioner Of Vs. Ramco Industries Limited, Income Tax, 47, Psk Nagar, Corporate Circle, Rajapalayam 626 108. Madurai [Pan Aaacr 5284J] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri. S. Muralidhar & Shri J. Prabhakar, F.C.As. ""यथ" क" ओर से /Respondent By : Shri. R. Bhoopathi, Addl. Cit. सुनवाई क" तार"ख/Date Of Hearing : 06.02.2025 घोषणा क" तार"ख /Date Of Pronouncement : 24.02.2025 आदेश / O R D E R Per Manu Kumar Giri ()

For Appellant: Shri. S. Muralidhar and Shri JFor Respondent: Shri. R. Bhoopathi, Addl. CIT
Section 115JSection 143(3)Section 14A

…आयकर अपीलीय अिधकरण ‘ए’’ "ायपीठ चे"ई म"। IN THE INCOME TAX APPELLATE TRIBUNAL ‘A’ BENCH, CHENNAI माननीय "ी मनोज कुमार अ"वाल ,लेखा सद" एवं माननीय "ी मनु कुमार िग"र, "ाियक सद" के सम"। BEFORE HON’BLE SHRI MANOJ KUMAR AGGARWAL, ACCOUNTANT MEMBER AND HON’BLE SHRI MANU KUMAR GIRI, JUDICIAL MEMBER आयकरअपील सं./ ITA Nos.2883 & 2884/Chny/2024. (िनधा"रणवष" / Assessment Years: 2018-2019 & 2020-2021) The Assistant Commissioner of Vs. Ramco Industries Limited, Income Tax, 47, PSK Nagar, Corporate Circle, Rajapalayam 626 108. Madurai [PAN AAACR 5284J] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant by : Shri…

Eih Limited, Kolkata vs. D.C.I.T., Income Tax Department, NFAC, Delhi, Kolkata

In the result, both the appeals of the assessee are partly allowed

ITA 498/KOL/2022[2018-2019]Status: DisposedITAT Kolkata18 Nov 2024AY 2018-2019

Bench: SHRI RAJPAL YADAV, VICE PRESIDENT SHRI SANJAY AWASTHI (Accountant Member)

Section 115JSection 143(3)Section 14ASection 92C

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH KOLKATA SHRI RAJPAL YADAV, VICE PRESIDENT SHRI SANJAY AWASTHI, ACCOUNTANT MEMBER I.T.A. No. 181/Kol/2022 Assessment Year: 2017-18 & I.T.A. No. 498/Kol/2022 Assessment Year: 2018-19 EIH Limited, 4, Mangoe Lane, 6th Floor, Kolkata - 700001 [PAN: AAACE6898B] .....................…...……………....Appellant vs. Deputy Commissioner of Income Tax, Circle 7(1), Kolkata P-7, Chowringhee Square, Kolkata - 700169 ...............…..….................. Respondent Appearances by: Assessee represented by : Akkal Dudhewala, AR Department represented by : Abhijit Kundu, CIT-DR D…

Eih Limited, Kolkata vs. DCIT, NFAC, Delhi

In the result, both the appeals of the assessee are partly allowed

ITA 181/KOL/2022[2017-18]Status: DisposedITAT Kolkata18 Nov 2024AY 2017-18

Bench: SHRI RAJPAL YADAV, VICE PRESIDENT SHRI SANJAY AWASTHI (Accountant Member)

Section 115JSection 143(3)Section 14ASection 92C

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH KOLKATA SHRI RAJPAL YADAV, VICE PRESIDENT SHRI SANJAY AWASTHI, ACCOUNTANT MEMBER I.T.A. No. 181/Kol/2022 Assessment Year: 2017-18 & I.T.A. No. 498/Kol/2022 Assessment Year: 2018-19 EIH Limited, 4, Mangoe Lane, 6th Floor, Kolkata - 700001 [PAN: AAACE6898B] .....................…...……………....Appellant vs. Deputy Commissioner of Income Tax, Circle 7(1), Kolkata P-7, Chowringhee Square, Kolkata - 700169 ...............…..….................. Respondent Appearances by: Assessee represented by : Akkal Dudhewala, AR Department represented by : Abhijit Kundu, CIT-DR D…

Satidham Syntex Limited, Mumbai vs. The Assistant Commissioner of Income Tax, Circle 5(3)(1), Mumbai

In the result, the appeals

ITA 3611/MUM/2024[2017-18]Status: DisposedITAT Mumbai30 Oct 2024AY 2017-18

Bench: Smt. Beena Pillai & Shri Prabhash Shankarassessment Year: 2014-15 & Assessment Year: 2017-18

For Appellant: Shri Rakesh Joshi,CAFor Respondent: Shri Bhangepatil P.Ramesh,Sr.DR
Section 143(3)Section 14ASection 41Section 41(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH “G”, MUMBAI BEFORE SMT. BEENA PILLAI, JUDICIAL MEMBER AND SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER Assessment Year: 2014-15 & Assessment Year: 2017-18 Satidha Syntex Limited Income Tax Officer, - Office No. 406, Tandice – 69, 5(3)(2) Govind Nagar, Kurla Rd Near Aayakar Bhavan, Vs. Darpan Telephone Exchange Maharishi Karve Road, Andheri East, Mumbai City, Mumbai – 400020 Mumbai - 400059 PAN: AAFCS6656N (Appellant) (Respondent) Present for: Assessee by : Shri Rakesh Joshi,CA Revenue by : Shri Bhangepatil P.Ramesh,Sr.DR Date of Hearing : 24.10.2024 Date of Pron…

Satidham Syntex Limited, Mumbai vs. Income Tax Officer-5(3)(2), Mumbai

In the result, the appeals

ITA 3610/MUM/2024[2014-15]Status: DisposedITAT Mumbai30 Oct 2024AY 2014-15

Bench: Smt. Beena Pillai & Shri Prabhash Shankarassessment Year: 2014-15 & Assessment Year: 2017-18

For Appellant: Shri Rakesh Joshi,CAFor Respondent: Shri Bhangepatil P.Ramesh,Sr.DR
Section 143(3)Section 14ASection 41Section 41(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH “G”, MUMBAI BEFORE SMT. BEENA PILLAI, JUDICIAL MEMBER AND SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER Assessment Year: 2014-15 & Assessment Year: 2017-18 Satidha Syntex Limited Income Tax Officer, - Office No. 406, Tandice – 69, 5(3)(2) Govind Nagar, Kurla Rd Near Aayakar Bhavan, Vs. Darpan Telephone Exchange Maharishi Karve Road, Andheri East, Mumbai City, Mumbai – 400020 Mumbai - 400059 PAN: AAFCS6656N (Appellant) (Respondent) Present for: Assessee by : Shri Rakesh Joshi,CA Revenue by : Shri Bhangepatil P.Ramesh,Sr.DR Date of Hearing : 24.10.2024 Date of Pron…

Preethi John Muthoot, Thiruvanathapuram vs. DCIT/ Central Circle, Trivandrum

Appeal is allowed

ITA 904/COCH/2023[2020-21]Status: DisposedITAT Cochin23 Oct 2024AY 2020-21

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singhpreethi John Muthoot Dcit, Central Circle - 1 Moothoot Centre, Punnen Road Aayakar Bhavan Vs. Thiruvananthapuram 695001 Kawdiar [Pan: Acrpj5145J] Trivandrum 695003 (Appellant) (Respondent)

For Appellant: Shri Sreenivasan, CAFor Respondent: Dr. S. Pandian, CIT-DR
Section 14ASection 250

…IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN Before Shri Satbeer Singh Godara, Judicial Member and Shri Amarjit Singh, Judicial Member Preethi John Muthoot DCIT, Central Circle - 1 Moothoot Centre, Punnen Road Aayakar Bhavan vs. Thiruvananthapuram 695001 Kawdiar [PAN: ACRPJ5145J] Trivandrum 695003 (Appellant) (Respondent) Appellant by: Shri Sreenivasan, CA Respondent by: Dr. S. Pandian, CIT-DR Date of Hearing: 19.08.2024 Date of Pronouncement: 23.10.2024 O R D E R Per Bench This assessee’s appeal for A.Y. 2020-21 arises against CIT(A)-3, Kochi’s DIN & Order No. ITBA/APLS/S/250/2023-24/105757370…

M/S Gemwood (Divisionsof Gmd International), Ernakulam vs. The ACIT, Non-Corporate Circle 1(1), Kochi

Appeal is partly allowed and the SA

ITA 712/COCH/2023[2013-14]Status: DisposedITAT Cochin23 Oct 2024AY 2013-14

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

For Respondent: Smt.V.Swarnalatha, Sr.DR
Section 139(1)Section 143(3)Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN Before Shri Satbeer Singh Godara, Judicial Member & Shri Amarjit Singh, Accountant Member ITA No.712/Coch/2023 : Asst.Year 2013-2014 SA No.163/Coch/2023 Gemwood (Division of GMD The Assistant Commissioner International), Devi Kripa of Income-tax, v. Chittoor Road, Valanjambalam Non-Corporate Circle 1(1) Cochin – 682 016 Kochi. PAN : AABFG8896R. (Appellant/Applicant) (Respondent) Appellant/Applicant by : Sri.K.Sankaranarayanan, CA Respondent by : Smt.V.Swarnalatha, Sr.DR Date of Pronouncement : 23.10.2024 Date of Hearing : 16.08.2024 O R D E R Per Bench :…

Silverlake Traders Pvt. Ltd., Kolkata vs. ITO, Ward-5(1), Kolkata

In the result, the appeal filed by the assessee is partly allowed

ITA 379/KOL/2024[2009-10]Status: DisposedITAT Kolkata23 Sept 2024AY 2009-10

Bench: Sri Rajpal Yadav, Vice- & Sri Sanjay Awasthi

Section 14ASection 263Section 68

…आयकर अपीलीय अधिकरण कोलकाता 'ए' पीठ, कोलकाता में IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘A’ BENCH, KOLKATA श्री राजपाल यादव, उपाध्यक्ष (कोलकाता क्षेत्र) एवं श्री संजय अवस्थी, लेखा सदस्य के समक्ष Before SRI RAJPAL YADAV, VICE-PRESIDENT & SRI SANJAY AWASTHI, ACCOUNTANT MEMBER I.T.A. No.: 379/KOL/2024 Assessment Year: 2009-10 Silverlake Traders Pvt. Ltd……….............................................Appellant [PAN: AAMCS 3292 F] Vs. ITO, Ward-5(1), Kolkata…………………………………………………Respondent Appearances: Assessee represented by: None. Department represented by: Subhendu Datta, CIT DR. Date of concluding the hearing :…

Safal Properties Pvt. Ltd., Kolkata vs. D.C.I.T., Circle - 11(2), Kolkata

In the result, the appeal filed by the assessee is allowed

ITA 1334/KOL/2024[2016-2017]Status: DisposedITAT Kolkata23 Sept 2024AY 2016-2017

Bench: Shri Sanjay Garg & Shri Rakesh Mishraassessment Year: 2016-17

For Appellant: Saurabh Bagaria, ARFor Respondent: P.P Barman, Addl. CIT, Sr. DR
Section 115JSection 143(3)Section 14ASection 250Section 263Section 40Section 57

…IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH KOLKATA BEFORE SHRI SANJAY GARG, JUDICIAL MEMBER AND SHRI RAKESH MISHRA, ACCOUNTANT MEMBER Assessment Year: 2016-17 Safal Properties Private Limited, DCIT, Circle 11(2), Kolkata, 52/1, Amrapali Apartment, Aayakar Bhawan, P-7, Flat No. 53, 4th Floor, K.M. Chowringhee Square, Vs Naskar Road, Kolkata - 700069 Tollygunje - 700040 (PAN: AALCS2547J) (Appellant) (Respondent) Present for: Appellant by : Saurabh Bagaria, AR Ritesh Goel, AR Respondent by : P.P Barman, Addl. CIT, Sr. DR Date of Hearing : 11.09.2024 Date of Pronouncement : 23.09.2024 O R D E R PER RAKESH MI…

M/S. Salarpuria Homes Pvt. Ltd., Kolkata vs. A.C.I.T., Circle - 1(2), Kolkata

In the result, appeal filed by the assessee is allowed

ITA 1360/KOL/2024[2014-2015]Status: DisposedITAT Kolkata13 Sept 2024AY 2014-2015

Bench: Shri Sonjoy Sarma, Judicial Member Shri Rakesh Mishra (Accountant Member)

Section 143(3)Section 14ASection 250

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH KOLKATA Shri Sonjoy Sarma, Judicial Member Shri Rakesh Mishra, Accountant Member I.T.A. No. 1360/Kol/2024 Assessment Year: 2014-15 M/s Salarpuria Homes Pvt. Ltd. C/o M/s Salarpuria Jalodia & Co., 7, C. R. Avenue, 3rd Floor, Kolkata - 700072 [PAN: AAHCS9410J] ......................…...……………....Appellant vs. ACIT, Circle -1(2), Kolkata, Aayakar Bhawan, P-7, Chowringhee Square, Kolkata – 700069 .....…..........................…..…..... Respondent Appearances by: Assessee represented by : S. Jhajharia, A.R. Department represented by : Sanjoy Paul, Addl. CIT, Sr. DR Da…

New India Retailing & Investment Ltd., Kolkata vs. D.C.I.T., Circle - 5(1), Kolkata

In the result, the appeal filed by the assessee is allowed

ITA 1285/KOL/2024[2018-2019]Status: DisposedITAT Kolkata11 Sept 2024AY 2018-2019

Bench: Sri Sonjoy Sarma & Sri Sanjay Awasthi

Section 14A

…आयकर अपीलीय अधिकरण कोलकाता 'एसएमसी' पीठ, कोलकाता में IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘SMC’ BENCH, KOLKATA श्री संजय शमाा, न्याधयक सदस्य एवं श्री संजय अवस्थी, लेखा सदस्य के समक्ष Before SRI SONJOY SARMA, JUDICIAL MEMBER & SRI SANJAY AWASTHI, ACCOUNTANT MEMBER I.T.A. No.: 1285/KOL/2024 Assessment Year: 2018-19 New India Retailing & Investment Ltd.....................................Appellant [PAN: AAACN 9970 F] Vs. DCIT, Circle-5(1), Kolkata.....................................................Respondent Appearances: Assessee represented by: Kinjal Buaria, CA and Aritra Nag, Adv. Department represented…

Artline Financial Management Pvt. Ltd., Kolkata vs. I.T.O., Ward - 14(3), Kolkata

In the result, appeal filed by the assessee is allowed

ITA 1297/KOL/2024[2013-2014]Status: DisposedITAT Kolkata10 Sept 2024AY 2013-2014

Bench: Sri Sonjoy Sarma & Sri Sanjay Awasthi

Section 14Section 14ASection 37

…आयकर अपीलीय अधिकरण कोलकाता 'एसएमसी' पीठ, कोलकाता में IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘SMC’ BENCH, KOLKATA श्री संजय शमाा, न्याधयक सदस्य एवं श्री संजय अवस्थी, लेखा सदस्य के समक्ष Before SRI SONJOY SARMA, JUDICIAL MEMBER & SRI SANJAY AWASTHI, ACCOUNTANT MEMBER I.T.A. No.: 1297/KOL/2024 Assessment Year: 2013-14 Artline Financial Management Pvt. Ltd....................................Appellant [PAN: AAGCA 8252 K] Vs. ITO, Ward-14(3), Kolkata......................................................Respondent Appearances: Assessee represented by: P.K. Himmat Singhka, AR. Department represented by: Prabir Gupt…