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“Section 36(2)(ii)”

Section References (mined)Section 36Section 36(2)(ii)4 judgments

KOTAK MAHINDRA BANK LIMITED,MUMBAI vs. ADD/JOINT/DEPUTY/ACIT, NATIONAL E-ASSESSMENT CENTRE, DELHI

ITA 569/MUM/2023[2017-18]Status: DisposedITAT Mumbai08 Aug 2024AY 2017-18
Section 250Section 36(1)Section 36(1)(vii)Section 36(2)(ii)Section 36(2)(viia)

without appreciating the fact and position of law that the bad debts\nallowable on advances made as per provisions of section 36(2)(ii) have to be done in\ncompliance with section 36(2)(viia) and no such deduction can be allowed if the\nprovisioning has been made for business

DCIT-2(3)(1), MUMBAI vs. KOTAK MAHINDRA BANK LIMITED, MUMBAI

In the result the appeal filed by the assessee in ITA No

ITA 4056/MUM/2023[2012-13]Status: DisposedITAT Mumbai08 Aug 2024AY 2012-13
Section 250Section 36(1)Section 36(1)(vii)Section 36(2)(ii)Section 36(2)(viia)

without appreciating the fact and position of law that the bad debts\nallowable on advances made as per provisions of section 36(2)(ii) have to be done in\ncompliance with section 36(2)(viia) and no such deduction can be allowed if the\nprovisioning has been made for business

ACIT, CIRCLE- 24(1), NEW DELHI vs. SPAN INDIA PVT. LTD., NEW DELHI

In the result, the appeal of the Revenue is dismissed

ITA 6451/DEL/2017[2014-15]Status: DisposedITAT Delhi04 Mar 2024AY 2014-15

Bench: Sh. Kul Bharatdr. B. R. R. Kumar

For Appellant: Sh. Pradeep Dinodia, CA &For Respondent: Ms. Deepti Chandola, Sr. DR
Section 14Section 14(2)Section 14ASection 14A(2)

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Kul Bharat, Judicial Member Dr. B. R

M/S. FLAIR EXPORTS PVT. LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeal of the assessee is allowed

ITA 2286/DEL/2017[2014-15]Status: DisposedITAT Delhi24 Nov 2021AY 2014-15

Bench: Ms. Suchitra Kambledr. B. R. R. Kumar(Through Video Conferencing) Ita No. 2286/Del/2017 : Asstt. Year : 2014-15 M/S Flair Exports Pvt. Ltd., Vs Dcit, 227, Okhla Indls. Estate, Central Circle-8, Phase-3, New Delhi New Delhi (Appellant) (Respondent) Pan No. Aaacf1183A Assessee By : Sh. Pradeep Dinodia, Fca Revenue By : Sh. Javed Akhatar, Cit Dr Date Of Hearing: 12.10.2021 Date Of Pronouncement: 24.11.2021

For Appellant: Sh. Pradeep Dinodia, FCAFor Respondent: Sh. Javed Akhatar, CIT DR
Section 143(3)Section 263Section 36(1)(vii)

judgment of Hon’ble Apex Court in the case of TRF Ltd. (supra). Further, the incurring of loss and the interplay between Section 36(2)(ii) and Section 28 have been dealt by this Tribunal in the case of U.K. Paints in ITA No. 7604/Del/2017