← All Phrases

“Section 36(1)(ii)”

Section References (mined)Section 36Section 36(1)(ii)167 judgments

The decision most relied on for Section 36(1)(ii) is CIT v. Bharat Hotels Ltd. (410 ITR 417), cited in 486 judgments on BharatTax.

Leading authorities on Section 36(1)(ii)

CIT v. Bharat Hotels Ltd.
410 ITR 417 · 2019 · High Court
486
citing judgments

Employee contributions to provident fund and ESI, if paid beyond the due date prescribed by the respective welfare fund statutes, are not allowed as a deduction under the Income Tax Act.

CIT v. Yokogawa India Ltd.
341 ITR 385 · 2012 · High Court
270
citing judgments

A provision for doubtful debts cannot be added back while computing book profits under Section 115JB of the Income-tax Act for Minimum Alternate Tax (MAT) purposes.

Munjal Sales Corporation v. CIT
298 ITR 298 · 2008 · Supreme Court
191
citing judgments

The Supreme Court approves the mixed fund theory, holding that no interest disallowance is warranted under section 36(1)(iii) if investments or advances are made from the assessee's own non-interest bearing funds, even when mixed funds are available. This presumption applies when non-interest bearing funds are sufficient to meet the investments.

Sonia Bhatia v. State of U.P
2 SCC 585 · 1981 · Reported
190
citing judgments

An Explanation to a statutory provision can either clarify an existing ambiguity in the main provision or add to and widen its scope.

CIT v. S.G. Pgnatale
124 ITR 391 · 1980 · High Court
181
citing judgments

An Explanation to Section 9(1)(ii) of the Income Tax Act that widens the scope of the provision, rather than merely clarifying it, cannot be applied retrospectively to assessment periods prior to its effective date. Assessments must be made according to the law in force at the relevant time.

CIT v. UTI Bank Ltd.
32 Taxmann.com 370 · 2013 · High Court
131
citing judgments

If an assessee possesses sufficient interest-free funds, it is presumed that investments yielding exempt income were made from these funds, therefore disallowance of interest expenditure under Section 14A is not justified.

CIT v. Goslino Mario
241 ITR 312 · 2000 · Supreme Court
119
citing judgments

The law applicable for an assessment year is that in force during that year, and an Explanation introduced with effect from a particular date does not retrospectively affect earlier assessment years unless expressly provided.

Madras Industrial Investment Corpn. Ltd. v. CIT
91 Taxmann 340 · 1997 · Supreme Court
73
citing judgments

The Supreme Court held that discount on the issue of debentures is a deductible expenditure that can be spread proportionately over the period for which the debentures remain outstanding, rather than being claimed entirely in the year of issue. This treatment acknowledges the enduring benefit derived from the funds raised through debentures.

Judgments citing Section 36(1)(ii)

DCIT, Central Circle-2(1), Chennai vs. M/S Cavincare Pvt Ltd., Chennai

The appeals stand allowed for statistical purposes

ITA 768/CHNY/2023[2012-13]Status: DisposedITAT Chennai24 Feb 2025AY 2012-13

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं. / Ita No.765/Chny/2023 (िनधा)रण वष) / Assessment Year: 2009-10) & 2. आयकरअपील सं. / Ita No.766/Chny/2023 (िनधा)रण वष) / Assessment Year: 2010-11) & 3. आयकरअपील सं. / Ita No.767/Chny/2023 (िनधा)रण वष) / Assessment Year: 2011-12) & 4. आयकरअपील सं. / Ita No.768/Chny/2023 (िनधा)रण वष) / Assessment Year: 2012-13) Dcit M/S Cavinkare Private Limited बनाम/ 12, Cavin Ville, Cenotaph Road Central Circle-2(1) Vs. Teynampet, Chennai-600 018. Chennai "थायीलेखासं./जीआइआरसं./Pan/Tan No. Aaacb-3754-B (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri A. Sasikumar (Cit) - Ld. Dr ""थ"कीओरसे/Respondent By : Shri T. Banusekar (Advocate) – Ld.Ar सुनवाईकीतारीख/Date Of Hearing : 15-01-2025 घोषणाकीतारीख /Date Of Pronouncement : 24-02-2025 आदेश / O R D E R Manoj Kumar Aggarwal ()

For Appellant: Shri A. Sasikumar (CIT) - Ld. DRFor Respondent: Shri T. Banusekar (Advocate) – Ld.AR
Section 133ASection 143(3)Section 35Section 36(1)(ii)Section 40aSection 80Section 80I

basis of sworn statements. With respect to the disallowances made u/s. 35(2AB), Section 14A, Section 40(a)(i) and (ia), Section 36(1)(ii), Section 40A(2), depreciation, reduction in the claim of deduction u/s. 80- 1C, there was no reference to the seized material based on which

DCIT, Central Circle-2(1), Chennai vs. M/S Cavincare Pvt Ltd., Chennai

The appeals stand allowed for statistical purposes

ITA 767/CHNY/2023[2011-12]Status: DisposedITAT Chennai24 Feb 2025AY 2011-12

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं. / Ita No.765/Chny/2023 (िनधा)रण वष) / Assessment Year: 2009-10) & 2. आयकरअपील सं. / Ita No.766/Chny/2023 (िनधा)रण वष) / Assessment Year: 2010-11) & 3. आयकरअपील सं. / Ita No.767/Chny/2023 (िनधा)रण वष) / Assessment Year: 2011-12) & 4. आयकरअपील सं. / Ita No.768/Chny/2023 (िनधा)रण वष) / Assessment Year: 2012-13) Dcit M/S Cavinkare Private Limited बनाम/ 12, Cavin Ville, Cenotaph Road Central Circle-2(1) Vs. Teynampet, Chennai-600 018. Chennai "थायीलेखासं./जीआइआरसं./Pan/Tan No. Aaacb-3754-B (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri A. Sasikumar (Cit) - Ld. Dr ""थ"कीओरसे/Respondent By : Shri T. Banusekar (Advocate) – Ld.Ar सुनवाईकीतारीख/Date Of Hearing : 15-01-2025 घोषणाकीतारीख /Date Of Pronouncement : 24-02-2025 आदेश / O R D E R Manoj Kumar Aggarwal ()

For Appellant: Shri A. Sasikumar (CIT) - Ld. DRFor Respondent: Shri T. Banusekar (Advocate) – Ld.AR
Section 133ASection 143(3)Section 35Section 36(1)(ii)Section 40aSection 80Section 80I

basis of sworn statements. With respect to the disallowances made u/s. 35(2AB), Section 14A, Section 40(a)(i) and (ia), Section 36(1)(ii), Section 40A(2), depreciation, reduction in the claim of deduction u/s. 80- 1C, there was no reference to the seized material based on which

DCIT, Central Circle-2(1), Chennai vs. M/S Cavincare Pvt Ltd., Chennai

The appeals stand allowed for statistical purposes

ITA 766/CHNY/2023[2010-11]Status: DisposedITAT Chennai24 Feb 2025AY 2010-11

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं. / Ita No.765/Chny/2023 (िनधा)रण वष) / Assessment Year: 2009-10) & 2. आयकरअपील सं. / Ita No.766/Chny/2023 (िनधा)रण वष) / Assessment Year: 2010-11) & 3. आयकरअपील सं. / Ita No.767/Chny/2023 (िनधा)रण वष) / Assessment Year: 2011-12) & 4. आयकरअपील सं. / Ita No.768/Chny/2023 (िनधा)रण वष) / Assessment Year: 2012-13) Dcit M/S Cavinkare Private Limited बनाम/ 12, Cavin Ville, Cenotaph Road Central Circle-2(1) Vs. Teynampet, Chennai-600 018. Chennai "थायीलेखासं./जीआइआरसं./Pan/Tan No. Aaacb-3754-B (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri A. Sasikumar (Cit) - Ld. Dr ""थ"कीओरसे/Respondent By : Shri T. Banusekar (Advocate) – Ld.Ar सुनवाईकीतारीख/Date Of Hearing : 15-01-2025 घोषणाकीतारीख /Date Of Pronouncement : 24-02-2025 आदेश / O R D E R Manoj Kumar Aggarwal ()

For Appellant: Shri A. Sasikumar (CIT) - Ld. DRFor Respondent: Shri T. Banusekar (Advocate) – Ld.AR
Section 133ASection 143(3)Section 35Section 36(1)(ii)Section 40aSection 80Section 80I

basis of sworn statements. With respect to the disallowances made u/s. 35(2AB), Section 14A, Section 40(a)(i) and (ia), Section 36(1)(ii), Section 40A(2), depreciation, reduction in the claim of deduction u/s. 80- 1C, there was no reference to the seized material based on which

DCIT, Central Circle-2(1), Chennai vs. M/S Cavincare Pvt Ltd., Chennai

The appeals stand allowed for statistical purposes

ITA 765/CHNY/2023[2009-10]Status: DisposedITAT Chennai24 Feb 2025AY 2009-10

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं. / Ita No.765/Chny/2023 (िनधा)रण वष) / Assessment Year: 2009-10) & 2. आयकरअपील सं. / Ita No.766/Chny/2023 (िनधा)रण वष) / Assessment Year: 2010-11) & 3. आयकरअपील सं. / Ita No.767/Chny/2023 (िनधा)रण वष) / Assessment Year: 2011-12) & 4. आयकरअपील सं. / Ita No.768/Chny/2023 (िनधा)रण वष) / Assessment Year: 2012-13) Dcit M/S Cavinkare Private Limited बनाम/ 12, Cavin Ville, Cenotaph Road Central Circle-2(1) Vs. Teynampet, Chennai-600 018. Chennai "थायीलेखासं./जीआइआरसं./Pan/Tan No. Aaacb-3754-B (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri A. Sasikumar (Cit) - Ld. Dr ""थ"कीओरसे/Respondent By : Shri T. Banusekar (Advocate) – Ld.Ar सुनवाईकीतारीख/Date Of Hearing : 15-01-2025 घोषणाकीतारीख /Date Of Pronouncement : 24-02-2025 आदेश / O R D E R Manoj Kumar Aggarwal ()

For Appellant: Shri A. Sasikumar (CIT) - Ld. DRFor Respondent: Shri T. Banusekar (Advocate) – Ld.AR
Section 133ASection 143(3)Section 35Section 36(1)(ii)Section 40aSection 80Section 80I

basis of sworn statements. With respect to the disallowances made u/s. 35(2AB), Section 14A, Section 40(a)(i) and (ia), Section 36(1)(ii), Section 40A(2), depreciation, reduction in the claim of deduction u/s. 80- 1C, there was no reference to the seized material based on which