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“Section 50(3)”

Section References (mined)Section 50Section 50(3)5 judgments

MAITHRI LABORATORIES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

In the result, the appeal of the assessee is allowed

ITA 291/HYD/2025[2021-22]Status: DisposedITAT Hyderabad18 Jul 2025AY 2021-22

Bench: Shri Ravish Sood & Shri Madhusudan Sawdia

For Appellant: Shri M.V. Prasad, C.AFor Respondent: Shri Gurpreet Singh, SR-DR
Section 132Section 143(2)Section 143(3)Section 153ASection 36(1)(iii)Section 50(1)Section 50(3)

submitted that, only following two issues arose in the present appeal: (i) Disallowance of Rs.1,03,44,404/- towards interest paid under Section 50(3) of the GST Act; and (ii) Disallowance of Rs.73,02,428/- u/s. 36(1)(iii) of the Act. ITA Nos.288 to 291/Hyd/2025 ... Government account. Consequently, the GST Department raised a demand on the assessee and levied interest of Rs.1,03,44,404/- under Section 50(3) of the GST Act, which the assessee duly paid. The Ld. AO treated the said interest as penal in nature and disallowed the same

MSN LIFE SCIENCES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

In the result, the appeal of the assessee is allowed

ITA 290/HYD/2025[2021-22]Status: DisposedITAT Hyderabad18 Jul 2025AY 2021-22

Bench: Shri Ravish Sood & Shri Madhusudan Sawdia

For Appellant: Shri M.V. Prasad, C.AFor Respondent: Shri Gurpreet Singh, SR-DR
Section 132Section 143(2)Section 143(3)Section 153ASection 36(1)(iii)Section 50(1)Section 50(3)

submitted that, only following two issues arose in the present appeal: (i) Disallowance of Rs.1,03,44,404/- towards interest paid under Section 50(3) of the GST Act; and (ii) Disallowance of Rs.73,02,428/- u/s. 36(1)(iii) of the Act. ITA Nos.288 to 291/Hyd/2025 ... Government account. Consequently, the GST Department raised a demand on the assessee and levied interest of Rs.1,03,44,404/- under Section 50(3) of the GST Act, which the assessee duly paid. The Ld. AO treated the said interest as penal in nature and disallowed the same

MSN ORGANICS PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

In the result, the appeal of the assessee is allowed

ITA 289/HYD/2025[2021-22]Status: DisposedITAT Hyderabad18 Jul 2025AY 2021-22

Bench: Shri Ravish Sood & Shri Madhusudan Sawdia

For Appellant: Shri M.V. Prasad, C.AFor Respondent: Shri Gurpreet Singh, SR-DR
Section 132Section 143(2)Section 143(3)Section 153ASection 36(1)(iii)Section 50(1)Section 50(3)

submitted that, only following two issues arose in the present appeal: (i) Disallowance of Rs.1,03,44,404/- towards interest paid under Section 50(3) of the GST Act; and (ii) Disallowance of Rs.73,02,428/- u/s. 36(1)(iii) of the Act. ITA Nos.288 to 291/Hyd/2025 ... Government account. Consequently, the GST Department raised a demand on the assessee and levied interest of Rs.1,03,44,404/- under Section 50(3) of the GST Act, which the assessee duly paid. The Ld. AO treated the said interest as penal in nature and disallowed the same

MSN PHARMACHEM PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

In the result, the appeal of the assessee is allowed

ITA 288/HYD/2025[2021-22]Status: DisposedITAT Hyderabad18 Jul 2025AY 2021-22

Bench: Shri Ravish Sood & Shri Madhusudan Sawdia

For Appellant: Shri M.V. Prasad, C.AFor Respondent: Shri Gurpreet Singh, SR-DR
Section 132Section 143(2)Section 143(3)Section 153ASection 36(1)(iii)Section 50(1)Section 50(3)

submitted that, only following two issues arose in the present appeal: (i) Disallowance of Rs.1,03,44,404/- towards interest paid under Section 50(3) of the GST Act; and (ii) Disallowance of Rs.73,02,428/- u/s. 36(1)(iii) of the Act. ITA Nos.288 to 291/Hyd/2025 ... Government account. Consequently, the GST Department raised a demand on the assessee and levied interest of Rs.1,03,44,404/- under Section 50(3) of the GST Act, which the assessee duly paid. The Ld. AO treated the said interest as penal in nature and disallowed the same

M/S GOYAL DEVELOPRS,PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, PUNE, PUNE

ITA 210/PUN/2024[2015-16]Status: DisposedITAT Pune01 May 2024AY 2015-16

Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकर अपील सं. / Ita No.210/Pun/2024 िनधा"रण वष" / Assessment Year: 2015-16 M/S.Goyal Developers, The Acit, 1, Business Embassy, V Circle-2, Pune. 1205/3/3, J.M.Road, S Shivajinagar, Pune – 411005. Pan: Aajfg5666P Appellant/ Revenue Respondent /Assessee Assessee By Shri Kishor B Phadke – Ar Revenue By Shri Ramnath P Murkunde - Dr Date Of Hearing 29/04/2024 Date Of Pronouncement 01/05/2024 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Appeal Filed By The Assessee Against The Order Of Ld.Commissioner Of Income Tax(Appeals)[Nfac], Passed Under Section 250 Of The Income Tax Act, 1961 For A.Y.2015-16 Dated 08.12.2023. The Assessee Has Raised The Following Grounds Of Appeal : “1. The Ld. Cit(A) Erred In Not Appreciating That There Was Marginal Difference Between The Sales Consideration Shown By The Appellant & The Value Adopted For Payment Of Stamp Duty & M/S.Goyal Developers [A]

Section 1Section 16ASection 2Section 23ASection 24Section 250Section 34ASection 35Section 37Section 43

3) shall apply in relation to determination of value assessed under sub-section 1 of section 43CA. The section 50C(2) & section 50(3) are reproduced here as under : 50C. ………………… (2) Without prejudice to the provisions of sub-section (1), where— (a) the assessee claims before any Assessing Officer that