Pr. CIT v. Envestor Ventures Ltd.

123 Taxmann.com 378High Court2021#6829 most cited

What is Pr. CIT v. Envestor Ventures Ltd. authority for?

Disallowance under Section 14A of the Income Tax Act should be restricted only to the extent of exempt income earned by the assessee.

16

judgments rely on this decision, according to BharatTax’s citation analysis of 366,315 Indian tax judgments — from 2021 to 2026.

Also referred to as

Pr. CIT v. Envestor Ventures Ltd. · Section 14A · disallowance · exempt income · Section 8D · Rule 8D · Marg Ltd. v. CIT · Tidel Park Ltd. · Joint Investments (P.) Ltd. v. CIT

Sections most often in play

Section 14ASection 143(3)Section 115JBSection 8DSection 10ASection 10AASection 143(1)Section 194-I
Read the full judgment

Issues it is cited on

section 40(a)(1)section 9(1)(vii)(b)section 10(35)depreciation on softwaremake available clausecopyrighted articlesection 40a(ia)section 9(1)(i)fees for included servicesdisallowance under section 40(a)(ia)section 70section 80hhc

Judgments citing Pr. CIT v. Envestor Ventures Ltd.

Oriental Hotels Ltd., Chennai vs. DCIT, Corporate Circle-5(1), Chennai

The appeal of the assessee is allowed for statistical purpose

ITA 2601/CHNY/2025[2018-19]Status: DisposedITAT Chennai04 Mar 2026AY 2018-19

Bench: Shri Aby T Varkey & Shri S. R. Raghunatha

For Appellant: Shri. Vikram VijayaraghavanFor Respondent: Shri. K. Ilaiyaraja, Addl. CIT
Section 143(1)Section 143(2)Section 143(3)Section 14ASection 154Section 35D(8)(C)

…आयकर अपील"य अ"धकरण, ‘बी "यायपीठ, चे"नई IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH, CHENNAI "ी एबी ट" वक", "या"यक सद"य एवं "ी एस. आर. रघुनाथा, लेखा सद"य के सम$ BEFORE SHRI ABY T VARKEY, JUDICIAL MEMBER AND SHRI S. R. RAGHUNATHA, ACCOUNTANT MEMBER आयकर अपील सं./ITA No.: 2601/Chny/2025 "नधा%रण वष% / Assessment Year: 2018-19 Oriental Hotels Ltd DCIT, No.47, III Floor Paramount Plaza, vs. Corporate Circle -5(1), Mahatma Gandhi Road, Chennai. Nungambakkam, Chennai – 600 0034. [PAN: AAACO-0728-N] (अपीलाथ'/Appellant) (()यथ'/Respondent) अपीलाथ' क* ओर से/Appellant by : Shri. Vikram Vijayaraghavan, Advocate ()यथ'…

DCIT, Circle -3(1), Visakhapatnam vs. Nord Anglia Education Infrastructure Private Limited, Visakhapatnam

In the result, all the appeals filed by the revenue, viz

ITA 314/VIZ/2025[2014-15]Status: DisposedITAT Visakhapatnam26 Nov 2025AY 2014-15

Bench: Shri Ravish Sood & Shri Balakrishnan S.

For Appellant: 1.Shri Karnjot Singh KhuranaFor Respondent: Shri Badicala Yadagiri, CIT-DR
Section 143(3)

…आयकर अपीलीय अिधकरण, िवशाखापटणम पीठ IN THE INCOME TAX APPELLATE TRIBUNAL Visakhapatnam Bench, Visakhapatnam Before Shri Ravish Sood, Judicial Member and Shri Balakrishnan S., Accountant Member आ.अपी.सं /ITA No.314/Viz/2025 (िनधा"रण वष"/Assessment Year:2014-15) Deputy Commissioner of Vs. Nord Anglia Education Income Tax, Infrastructure Private Circle-3(1), Limited, Visakhapatnam. Visakhapatnam. PAN: AABCV2255L (Appellant) (Respondent) िनधा"रती "ारा/Assessee by: 1.Shri Karnjot Singh Khurana, Advocate, 2. Shri Snehal Rajan Shukla, Advocate, 3. Shri Avar Lamba, Advocate. राज" व "ारा/Revenue by: Shri Badicala Yada…

DCIT, Circle - 3(1), Visakhapatnam vs. Nord Anglia Education Infrastructure Private Limited, Visakhapatnam

In the result, all the appeals filed by the revenue, viz

ITA 206/VIZ/2025[2018-19]Status: DisposedITAT Visakhapatnam26 Nov 2025AY 2018-19

Bench: Shri Ravish Sood & Shri Balakrishnan S.

For Appellant: 1.Shri Karnjot Singh KhuranaFor Respondent: Shri Badicala Yadagiri, CIT-DR
Section 143(3)

…आयकर अपीलीय अिधकरण, िवशाखापटणम पीठ IN THE INCOME TAX APPELLATE TRIBUNAL Visakhapatnam Bench, Visakhapatnam Before Shri Ravish Sood, Judicial Member and Shri Balakrishnan S., Accountant Member आ.अपी.सं /ITA No.314/Viz/2025 (िनधा"रण वष"/Assessment Year:2014-15) Deputy Commissioner of Vs. Nord Anglia Education Income Tax, Infrastructure Private Circle-3(1), Limited, Visakhapatnam. Visakhapatnam. PAN: AABCV2255L (Appellant) (Respondent) िनधा"रती "ारा/Assessee by: 1.Shri Karnjot Singh Khurana, Advocate, 2. Shri Snehal Rajan Shukla, Advocate, 3. Shri Avar Lamba, Advocate. राज" व "ारा/Revenue by: Shri Badicala Yada…

Dodla Dairy Limited, Hyderabad vs. DCIT Circle -8(1), Hyderabad

ITA 466/HYD/2022[2018-19]Status: DisposedITAT Hyderabad26 Nov 2025AY 2018-19

Bench: Us:

For Appellant: Shri Aashik Shah, C.AFor Respondent: Ms. U. Mini Chandran
Section 143(3)Section 144Section 80Section 801BSection 80J

…आयकर अपील"य "याया"धकरण म", हैदराबाद ‘‘ए” ब"च, हैदराबाद IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad “A” Bench, Hyderabad "ी रवीश सूद, माननीय "ाियक सद" एवं "ी मधुसूदन साविडया, माननीय लेखा सद" SHRI RAVISH SOOD, HON’BLE JUDICIAL MEMBER AND SHRI MADHUSUDAN SAWDIA, ACCOUNTANT MEMBER आयकरअपीलसं./I.T.A. T.P.No.466/Hyd/2022 and 1301/Hyd/2024 (िनधा"रण वष"/ Assessment Years : 2018-19 and 2021-22) Dodla Dairy Limited, Vs. The Deputy Commissioner of Hyderabad. Income Tax, Circle 8(1), PAN : AABCD5077E Hyderabad. (अपीलाथ"/ Appellant) (""थ"/ Respondent) करदाता का "ितिनिध"/ Assessee : Shri Aashik Shah, C.A. Represented by र…

Assistant Commissioner of Income Tax, Chennai vs. Cognizant Technology Solutions India Private Limited, Chennai

ITA 1266/CHNY/2024[2014-15]Status: DisposedITAT Chennai16 May 2025AY 2014-15

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Ble

For Appellant: Shri N.V. Balaji, AdvocateFor Respondent: Shri R. Clement Ramesh Kumar, CIT
Section 10ASection 144ASection 14ASection 40Section 9(1)

…sae aitete after, ei =radte, tas IN THE INCOME TAX APPELLATE TRIBUNAL ,‘C’ BENCH, CHENNAI st udt A ae, afte wae ue sh US. SR. TET, Cal Had & Aa BEFORE SHRI ABY T VARKEY, HON’BLE JUDICIAL MEMBER AND SHRI S. R. RAGHUNATHA, HON’BLE ACCOUNTANT MEMBER asraaxt 3titeat G/ITA Nos.1193, 1194, 1205, 1206 & 1207/CHNY/2024 (faker af / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Cognizant Technology Solutions Vs The Asst. Commissioner India Pvt. Ltd., of Income Tax, No.5/535, Okkiam Thoraipakkam, Central Circle 1(1), Old Mahabalipuram Road, Chennai. Chennai — 600 096. PAN : AAACD 3312M (3rtrereff/App…

Assistant Commissioner of Income Tax, Chennai vs. Cognizant Technology Solutions India Private Limited, Chennai

ITA 1264/CHNY/2024[2012-13]Status: DisposedITAT Chennai16 May 2025AY 2012-13

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Ble

For Appellant: Shri N.V. Balaji, AdvocateFor Respondent: Shri R. Clement Ramesh Kumar, CIT
Section 10ASection 144ASection 14ASection 40Section 9(1)

…sae aitete after, ei =radte, tas IN THE INCOME TAX APPELLATE TRIBUNAL ,‘C’ BENCH, CHENNAI st udt A ae, afte wae ue sh US. SR. TET, Cal Had & Aa BEFORE SHRI ABY T VARKEY, HON’BLE JUDICIAL MEMBER AND SHRI S. R. RAGHUNATHA, HON’BLE ACCOUNTANT MEMBER asraaxt 3titeat G/ITA Nos.1193, 1194, 1205, 1206 & 1207/CHNY/2024 (faker af / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Cognizant Technology Solutions Vs The Asst. Commissioner India Pvt. Ltd., of Income Tax, No.5/535, Okkiam Thoraipakkam, Central Circle 1(1), Old Mahabalipuram Road, Chennai. Chennai — 600 096. PAN : AAACD 3312M (3rtrereff/App…

Assistant Commissioner of Income Tax, Chennai vs. Cognizant Technology Solutions India Private Limited, Chennai

ITA 1263/CHNY/2024[2011-12]Status: DisposedITAT Chennai16 May 2025AY 2011-12

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Ble

For Appellant: Shri N.V. Balaji, AdvocateFor Respondent: Shri R. Clement Ramesh Kumar, CIT
Section 10ASection 144ASection 14ASection 40Section 9(1)

…sae aitete after, ei =radte, tas IN THE INCOME TAX APPELLATE TRIBUNAL ,‘C’ BENCH, CHENNAI st udt A ae, afte wae ue sh US. SR. TET, Cal Had & Aa BEFORE SHRI ABY T VARKEY, HON’BLE JUDICIAL MEMBER AND SHRI S. R. RAGHUNATHA, HON’BLE ACCOUNTANT MEMBER asraaxt 3titeat G/ITA Nos.1193, 1194, 1205, 1206 & 1207/CHNY/2024 (faker af / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Cognizant Technology Solutions Vs The Asst. Commissioner India Pvt. Ltd., of Income Tax, No.5/535, Okkiam Thoraipakkam, Central Circle 1(1), Old Mahabalipuram Road, Chennai. Chennai — 600 096. PAN : AAACD 3312M (3rtrereff/App…

Assistant Commissioner of Income Tax, Chennai vs. Cognizant Technology Solutions India Private Limited, Chennai

ITA 1262/CHNY/2024[2010-11]Status: DisposedITAT Chennai16 May 2025AY 2010-11

Bench: Shri Aby T Varkey, Hon'Ble & Shri S. R. Raghunatha, Hon'Bleआयकर अपील सं./Ita Nos.1193, 1194, 1205, 1206 & 1207/Chny/2024 (निर्धारण वर्ष / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Cognizant Technology Solutions Vs The Asst. Commissioner India Pvt. Ltd., Of Income Tax, No.5/535, Okkiam Thoraipakkam, Central Circle 1(1), Old Mahabalipuram Road, Chennai. Chennai - 600 096. (प्रत्यर्थी/Respondent) Pan: Aaacd 3312M (अपीलार्थी/Appellant) & आयकर अपील सं./Ita Nos.1262, 1263, 1264, 1265 & 1266/Chny/2024 (निर्धारण वर्ष / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) The Asst. Commissioner Of Vs Cognizant Technology Income Tax, Solutions India Pvt. Ltd., Central Circle 1(1), No.5/535, Okkiam Chennai. Thoraipakkam, Old Mahabalipuram Road, Chennai - 600 096. Pan: Aaacd 3312M (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) निधारिती की ओर से/Assessee By राजस्व की ओर से /Revenue By : Shri N.V. Balaji, Advocate : Shri R. Clement Ramesh Kumar, Cit & Ms. Anitha, Addl. Cit सुनवाई की तारीख/Date Of Hearing : 11.03.2025 घोषणा की तारीख/Date Of Pronouncement : 16.05.2025 - 2 -

For Respondent: Shri N.V. Balaji, Advocate
Section 10ASection 14ASection 40Section 9(1)

…आयकर अपीलीय अधिकरण, 'सी' न्यायपीठ, चेन्नई IN THE INCOME TAX APPELLATE TRIBUNAL, 'C' BENCH, CHENNAI श्री एबी टी वर्की, न्यायिक सदस्य एवं श्री एस. आर. रघुनाथा, लेखा सदस्य के समक्ष BEFORE SHRI ABY T VARKEY, HON'BLE JUDICIAL MEMBER AND SHRI S. R. RAGHUNATHA, HON'BLE ACCOUNTANT MEMBER आयकर अपील सं./ITA Nos.1193, 1194, 1205, 1206 & 1207/CHNY/2024 (निर्धारण वर्ष / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Cognizant Technology Solutions Vs The Asst. Commissioner India Pvt. Ltd., of Income Tax, No.5/535, Okkiam Thoraipakkam, Central Circle 1(1), Old Mahabalipuram Road, Chennai. Chennai - 600 096. (प्…

Cognizant Technology Solutions India Private Limited, Chennai vs. The Assistant Commissioner of Income-Tax, Central Circle 1(1), Chennai

ITA 1207/CHNY/2024[2014-15]Status: DisposedITAT Chennai16 May 2025AY 2014-15

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita Nos.1193, 1194, 1205, 1206 & 1207/Chny/2024 ("नधा"रण वष" / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Vs Cognizant Technology Solutions The Asst. Commissioner India Pvt. Ltd., Of Income Tax, No.5/535, Okkiam Thoraipakkam, Central Circle 1(1), Old Mahabalipuram Road, Chennai. Chennai – 600 096. Pan : Aaacd 3312M (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita Nos.1262, 1263, 1264, 1265 & 1266/Chny/2024 ("नधा"रण वष" / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Vs The Asst. Commissioner Of Cognizant Technology Income Tax, Solutions India Pvt. Ltd., Central Circle 1(1), No.5/535, Okkiam Chennai. Thoraipakkam, Old Mahabalipuram Road, Chennai – 600 096. Pan : Aaacd 3312M (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri N.V. Balaji, AdvocateFor Respondent: Shri R. Clement Ramesh Kumar, CIT
Section 10ASection 14ASection 40Section 9(1)

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ, चे"ई IN THE INCOME TAX APPELLATE TRIBUNAL ,‘C’ BENCH, CHENNAI "ी एबी टी वक", "ाियक सद" एवं "ी एस. आर.रघुनाथा, लेखा सद" के सम" BEFORE SHRI ABY T VARKEY, HON’BLE JUDICIAL MEMBER AND SHRI S. R. RAGHUNATHA, HON’BLE ACCOUNTANT MEMBER आयकर अपील सं./ITA Nos.1193, 1194, 1205, 1206 & 1207/CHNY/2024 ("नधा"रण वष" / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Vs Cognizant Technology Solutions The Asst. Commissioner India Pvt. Ltd., of Income Tax, No.5/535, Okkiam Thoraipakkam, Central Circle 1(1), Old Mahabalipuram Road, Chennai. Chennai – 600 096. PAN : AAACD 3312M (अपील…

Cognizant Technology Solutions India Private Limited, Chennai vs. The Assistant Commissioner of Income-Tax, Central Circle 1(1), Chennai

ITA 1206/CHNY/2024[2013-14]Status: DisposedITAT Chennai16 May 2025AY 2013-14

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Ble

For Appellant: Shri N.V. Balaji, AdvocateFor Respondent: Shri R. Clement Ramesh Kumar, CIT
Section 10ASection 144ASection 14ASection 40Section 9(1)

…sae aitete after, ei =radte, tas IN THE INCOME TAX APPELLATE TRIBUNAL ,‘C’ BENCH, CHENNAI st udt A ae, afte wae ue sh US. SR. TET, Cal Had & Aa BEFORE SHRI ABY T VARKEY, HON’BLE JUDICIAL MEMBER AND SHRI S. R. RAGHUNATHA, HON’BLE ACCOUNTANT MEMBER asraaxt 3titeat G/ITA Nos.1193, 1194, 1205, 1206 & 1207/CHNY/2024 (faker af / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Cognizant Technology Solutions Vs The Asst. Commissioner India Pvt. Ltd., of Income Tax, No.5/535, Okkiam Thoraipakkam, Central Circle 1(1), Old Mahabalipuram Road, Chennai. Chennai — 600 096. PAN : AAACD 3312M (3rtrereff/App…

Cognizant Technology Solutions India Private Limited, Chennai vs. The Assistant Commissioner of Income-Tax, Central Circle 1(1), Chennai

ITA 1205/CHNY/2024[2012-13]Status: DisposedITAT Chennai16 May 2025AY 2012-13

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Ble

For Appellant: Shri N.V. Balaji, AdvocateFor Respondent: Shri R. Clement Ramesh Kumar, CIT
Section 10ASection 144ASection 14ASection 40Section 9(1)

…sae aitete after, ei =radte, tas IN THE INCOME TAX APPELLATE TRIBUNAL ,‘C’ BENCH, CHENNAI st udt A ae, afte wae ue sh US. SR. TET, Cal Had & Aa BEFORE SHRI ABY T VARKEY, HON’BLE JUDICIAL MEMBER AND SHRI S. R. RAGHUNATHA, HON’BLE ACCOUNTANT MEMBER asraaxt 3titeat G/ITA Nos.1193, 1194, 1205, 1206 & 1207/CHNY/2024 (faker af / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Cognizant Technology Solutions Vs The Asst. Commissioner India Pvt. Ltd., of Income Tax, No.5/535, Okkiam Thoraipakkam, Central Circle 1(1), Old Mahabalipuram Road, Chennai. Chennai — 600 096. PAN : AAACD 3312M (3rtrereff/App…

Cognizant Technology Solutions India Private Limited, Chennai vs. The Assistant Commissioner of Income-Tax, Central Circle 1(1), Chennai

ITA 1194/CHNY/2024[2011-12]Status: DisposedITAT Chennai16 May 2025AY 2011-12

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Ble

For Appellant: Shri N.V. Balaji, AdvocateFor Respondent: Shri R. Clement Ramesh Kumar, CIT
Section 10ASection 144ASection 14ASection 40Section 9(1)

…sae aitete after, ei =radte, tas IN THE INCOME TAX APPELLATE TRIBUNAL ,‘C’ BENCH, CHENNAI st udt A ae, afte wae ue sh US. SR. TET, Cal Had & Aa BEFORE SHRI ABY T VARKEY, HON’BLE JUDICIAL MEMBER AND SHRI S. R. RAGHUNATHA, HON’BLE ACCOUNTANT MEMBER asraaxt 3titeat G/ITA Nos.1193, 1194, 1205, 1206 & 1207/CHNY/2024 (faker af / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Cognizant Technology Solutions Vs The Asst. Commissioner India Pvt. Ltd., of Income Tax, No.5/535, Okkiam Thoraipakkam, Central Circle 1(1), Old Mahabalipuram Road, Chennai. Chennai — 600 096. PAN : AAACD 3312M (3rtrereff/App…

Cognizant Technology Solutions India Private Limited, Chennai vs. The Assistant Commissioner of Income-Tax, Central Circle 1(1), Chennai

ITA 1193/CHNY/2024[2010-11]Status: DisposedITAT Chennai16 May 2025AY 2010-11

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita Nos.1193, 1194, 1205, 1206 & 1207/Chny/2024 ("नधा"रण वष" / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Vs Cognizant Technology Solutions The Asst. Commissioner India Pvt. Ltd., Of Income Tax, No.5/535, Okkiam Thoraipakkam, Central Circle 1(1), Old Mahabalipuram Road, Chennai. Chennai – 600 096. Pan : Aaacd 3312M (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita Nos.1262, 1263, 1264, 1265 & 1266/Chny/2024 ("नधा"रण वष" / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Vs The Asst. Commissioner Of Cognizant Technology Income Tax, Solutions India Pvt. Ltd., Central Circle 1(1), No.5/535, Okkiam Chennai. Thoraipakkam, Old Mahabalipuram Road, Chennai – 600 096. Pan : Aaacd 3312M (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri N.V. Balaji, AdvocateFor Respondent: Shri R. Clement Ramesh Kumar, CIT
Section 10ASection 14ASection 40Section 9(1)

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ, चे"ई IN THE INCOME TAX APPELLATE TRIBUNAL ,‘C’ BENCH, CHENNAI "ी एबी टी वक", "ाियक सद" एवं "ी एस. आर.रघुनाथा, लेखा सद" के सम" BEFORE SHRI ABY T VARKEY, HON’BLE JUDICIAL MEMBER AND SHRI S. R. RAGHUNATHA, HON’BLE ACCOUNTANT MEMBER आयकर अपील सं./ITA Nos.1193, 1194, 1205, 1206 & 1207/CHNY/2024 ("नधा"रण वष" / Assessment Years: 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15) Vs Cognizant Technology Solutions The Asst. Commissioner India Pvt. Ltd., of Income Tax, No.5/535, Okkiam Thoraipakkam, Central Circle 1(1), Old Mahabalipuram Road, Chennai. Chennai – 600 096. PAN : AAACD 3312M (अपील…

Jalco Financial Services Pvt. Ltd., New Delhi vs. DCIT, Circle- 13(1), New Delhi

In the result, appeal of the assessee is allowed

ITA 4447/DEL/2017[2012-13]Status: DisposedITAT Delhi16 Jan 2023AY 2012-13

Bench: Shri Anil Chaturvedi & Shri Narender Kumar Choudhary

For Appellant: Shri Mayank Patawari, CAFor Respondent: Sh. Parveen Kumar
Section 143(3)Section 14ASection 68

…. A reference can be made to the decision of Hon’ble Delhi High Court in the case of PCIT vs Caraf Builders & Construction (P) Ltd (2019) 414 ITR 122 (Del) and the decision of Hon’ble Madras High Court in the case of PCIT vs. Envestor Venture Pvt. Ltd. (2021) 123 Taxmann.com 378 (Mad). We therefore following the aforesaid decisions of Hon’ble High Court direct the AO to delete the disallowance in excess of the suo moto amount of Rs. 65,932/- disallowed by the assessee. Thus the ground of the assessee is allowed. 10. Ground no 2 is with respect to addition u/s. 68 of Rs. 8,84,449/-. 11. During the course of asse…

M/S. Gyanshankar Investment & Trading Company Pvt Ltd, Mumbai vs. ACIT Circle 7(`1) (1), Mumbai

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

ITA 55/MUM/2022[2016-17]Status: DisposedITAT Mumbai17 Oct 2022AY 2016-17

Bench: Shri Kuldip Singh & Shri Amarjit Singhm/S Gyanshankar Vs. Ito-35(1)(5) Investment & Trading Aayakar Bhavan, Company Pvt. Ltd. Maharishi Carve Road, 1601, Marathon Heights, Mumbai - 400020 P.B. Marg, Lower Parel, Mumbai – 400013 स्थायी लेखा सं./जीआइआर सं./ Pan/Gir No: Aabcg83362R Appellant .. Respondent

For Appellant: Amit AgarwalFor Respondent: Harmesh Lal
Section 143(2)Section 14A

…ITA No.55/Mum/2022 A.Y.2016-17 1 M/s Gyanshankar Investment & Trading Vs. ITO-35(1)(5) IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI KULDIP SINGH, JUDICIAL MEMBER & SHRI AMARJIT SINGH, ACCOUNTANT MEMBER M/s Gyanshankar Vs. ITO-35(1)(5) Investment & Trading Aayakar Bhavan, Company Pvt. Ltd. Maharishi Carve Road, 1601, Marathon Heights, Mumbai - 400020 P.B. Marg, Lower Parel, Mumbai – 400013 स्थायी लेखा सं./जीआइआर सं./ PAN/GIR No: AABCG83362R Appellant .. Respondent Appellant by : Amit Agarwal Respondent by : Harmesh Lal Date of Hearing 06.10.2022 Date of Pronouncement 17.10.2022 आदेश / O…

Ittina Properties Pvt., Ltd., Bangalore vs. Addl.Commissioner of Income-Tax, Bangalore

In the result, assessee’s appeal is partly allowed

ITA 2011/BANG/2016[2010-11]Status: DisposedITAT Bangalore29 Mar 2021AY 2010-11

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2010-11 M/S. Ittina Properties Pvt. Ltd., The Additional No.380, Opp. Cpwd Quarters, Commissioner Of Income Vs. Iii Block, Koramangala, Tax, Bengaluru. Range-Ii, Pan No : Aaaci 3805 Q Bengaluru. Appellant Respondent Appellant By : Shri. Deepak Chopra, Ca Respondent By : Shri. Mathivanan, Cit(Dr)(Itat) Date Of Hearing : 03.03.2021 Date Of Pronouncement : 29.03.2021

For Appellant: Shri. Deepak Chopra, CAFor Respondent: Shri. Mathivanan, CIT(DR)(ITAT)
Section 10(38)Section 144Section 14ASection 80I

…IN THE INCOME TAX APPELLATE TRIBUNAL “C’’ BENCH: BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER Assessment Year: 2010-11 M/s. Ittina Properties Pvt. Ltd., The Additional No.380, Opp. CPWD Quarters, Commissioner of Income Vs. III Block, Koramangala, Tax, Bengaluru. Range-II, PAN NO : AAACI 3805 Q Bengaluru. APPELLANT RESPONDENT Appellant by : Shri. Deepak Chopra, CA Respondent by : Shri. Mathivanan, CIT(DR)(ITAT) Date of Hearing : 03.03.2021 Date of Pronouncement : 29.03.2021 O R D E R Per Chandra Poojari, Accountant Member: This appeal is by the assessee directe…