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“Section 36(1)(3)”

Section References (mined)Section 36Section 36(1)(3)7 judgments

JADE TRADERS PRIVATE LIMITED,MUMBAI vs. CIT(A), DELHI

ITA 5490/MUM/2024[2017-18]Status: DisposedITAT Mumbai29 Jan 2025AY 2017-18

Bench: Shri Narender Kumar Choudhry, Jm & Ms Padmavathy S, Am

For Appellant: Shri Priyavrat Gupta, ARFor Respondent: Shri Surendra Meena, Sr. DR
Section 14Section 143(3)Section 23(1)(a)Section 250Section 36(1)

additions: i. Addition under section 23(1)(a) under the head "Income from House Property" – Rs. 1,26,40,656/- ii. Disallowance under section 36(1)(3) towards proportionate interest – Rs. 59,18,321/- iii. Disallowance under section 14(A) r.w.r. 8D towards expenditure incurred related to exempt income

JADE TRADERS PRIVATE LIMITED,MUMBAI vs. CIT(A), DELHI

ITA 5466/MUM/2024[2013-14]Status: DisposedITAT Mumbai29 Jan 2025AY 2013-14

Bench: Shri Narender Kumar Choudhry, Jm & Ms Padmavathy S, Am

For Appellant: Shri Priyavrat Gupta, ARFor Respondent: Shri Surendra Meena, Sr. DR
Section 14Section 143(3)Section 23(1)(a)Section 250Section 36(1)

additions: i. Addition under section 23(1)(a) under the head "Income from House Property" – Rs. 1,26,40,656/- ii. Disallowance under section 36(1)(3) towards proportionate interest – Rs. 59,18,321/- iii. Disallowance under section 14(A) r.w.r. 8D towards expenditure incurred related to exempt income

JADE TRADERS PRIVATE LIMITED, MUMBAI,MUMBAI vs. CIT(A), DELHI

ITA 5465/MUM/2024[2014-15]Status: DisposedITAT Mumbai29 Jan 2025AY 2014-15

Bench: Shri Narender Kumar Choudhry, Jm & Ms Padmavathy S, Am

For Appellant: Shri Priyavrat Gupta, ARFor Respondent: Shri Surendra Meena, Sr. DR
Section 14Section 143(3)Section 23(1)(a)Section 250Section 36(1)

additions: i. Addition under section 23(1)(a) under the head "Income from House Property" – Rs. 1,26,40,656/- ii. Disallowance under section 36(1)(3) towards proportionate interest – Rs. 59,18,321/- iii. Disallowance under section 14(A) r.w.r. 8D towards expenditure incurred related to exempt income

GURCHARAN SINGH BHATIA,NEW DELHI vs. ACIT CIRCLE-47(1), NEW DELHI

In the result, the appeal of the assessee is allowed

ITA 3433/DEL/2019[2014-15]Status: DisposedITAT Delhi11 Jan 2024AY 2014-15

Bench: Shri Shamim Yahya & Shri Challa Nagendra Prasad:Assessment Year: 2014-15 Shri Gurcharan Singh Bhatia, Vs. Acit, C-9, Westend Colony, Circle 47(1), New Delhi-1100 21 New Delhi (Appellant) (Respondent) (Pan:Ahnpb4697E) Assessee By : S/Shri K. Sampath & V. Rajkumar, Advocates Revenue By : Shri Amit Katoch, Sr. Dr Date Of Hearing : 29.11.2023 Date Of Pronouncement: 11.01.2024 Order Per Challa Nagendra Prasad:This Appeal Is Filed By The Assessee Against The Order Of The Learned Commissioner Of Income-Tax (Appeals)-16, New Delhi

For Appellant: S/Shri K. Sampath & V. RajkumarFor Respondent: Shri Amit Katoch, Sr. DR
Section 37(1)Section 68

there is no nexus between the interest paid on funds borrowed and the income earned and, therefore, not allowable as deduction under Section 36(1)(3) of the Act. The claim of the assessee that the expenditure is allowable under Section 37(1) of the Act was also denied

M/S. GNG TRADING COMPANY PVT. LTD.,DELHI vs. ADDL. CIT, GURGAON

ITA 1775/DEL/2017[2010-11]Status: DisposedITAT Delhi06 Apr 2023AY 2010-11

Bench: Sh. N.K.Billaiya & Sh. Anubhav Sharmaita No. 1775/Del/2017, A.Y. 2010-11

Section 143(3)Section 36(1)Section 43

IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH ‘C’ : NEW DELHI) BEFORE SH. N.K.BILLAIYA, ACCOUNTANT MEMBER AND SH. ANUBHAV SHARMA

DCIT, NEW DELHI vs. M/S. METSO MINERALS (INDIA) PVT. LTD., NEW DELHI

In the result, the appeal of the Revenue is dismissed

ITA 1820/DEL/2017[2011-12]Status: DisposedITAT Delhi25 Aug 2021AY 2011-12

Bench: Shri O.P. Kant & Shri K.N. Chary[Through Video Conferencing] Assessment Year: 2011-12

Section 14Section 143(3)Section 36(1)(iii)Section 37Section 37(1)

facts produced by the appellant and has disallowed interest of Rs. 1,38,24,367/- out of total interest, invoking provisions of section 36(1)(3) of the Act, which amounts to double disallowance. Once when the assessee has transferred interest to preoperative expenses and again when the Assessing Officer

DCIT, NEW DELHI vs. PTC INDIA FINANCIAL SERVICES LTD, NEW DELHI

The appeal of the Revenue is dismissed

ITA 1267/DEL/2015[2010-11]Status: DisposedITAT Delhi19 Feb 2021AY 2010-11

Bench: Shri N. K. Billaiya & Ms Suchitra Kamble

Section 143(3)Section 14ASection 32Section 35Section 36(1)

1 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘F’ NEW DELHI BEFORE SHRI N. K. BILLAIYA, ACCOUNTANT MEMBER AND