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3 results for “penalty u/s 271”+ Section 194A(3)(iii)clear

Sorted by relevance

Bangalore33Mumbai25Delhi16Hyderabad8Chandigarh7Jaipur5Jabalpur5Chennai4Ahmedabad3Pune3Kolkata2Raipur2Dehradun2Cuttack1Rajkot1

Key Topics

Section 80P(4)5Section 80P(2)(a)3Section 36(1)(iii)3Disallowance3Section 80P2Section 402Section 362

THE DCIT, CIRCLE-1(1)(1),, AHMEDABAD vs. M/S. ARVIND RETAIL LTD. ( SINCE MERGED WITH ARVIND LIFESTYLE BRANDS LTD.,), AHMEDABAD

In the result, the Cross Objection of the assessee is partly allowed for statistical purposes

ITA 3669/AHD/2015[2011-12]Status: DisposedITAT Ahmedabad28 Jan 2020AY 2011-12

Bench: Shri Rajpal Yadav & Shri Waseem Ahmed

For Appellant: Shri L.P. Jain, Sr.DRFor Respondent: Shri Vartik R. Chokshi with Shri Biren Shah, ARs
Section 36(1)(xi)Section 40

iii. Interest Expenses of Rs. 2,32,890/- to Kotak Mahindra Prime Limited (for short KMPL) under section 194A of the Act . 8.2. Accordingly, the AO disallowed the gross expenses of Rs. 2,71,11,613/- (7,23,145+2,61,55,578+2,32,890) on account of non-deduction of TDS under the relevant provisions

M/S. BAJAJ FOODS LTD.,,AHMEDABAD vs. THE INCOME TAX OFFICER,WARD-1(2),, AHMEDABAD

Appeal of the assessee is allowed for statistical purposes

ITA 1647/AHD/2012[2009-10]Status: DisposedITAT Ahmedabad25 Feb 2022AY 2009-10
For Appellant: Shri Parimalsigh Parmar, A.RFor Respondent: Shri Dinesh Singh, Sr. D.R
Section 250(6)Section 36Section 36(1)(iii)

iii) is called for. In the light of aforesaid facts and circumstances, we observe that the Assessing officer and the ld. CIT (A) has not given categorical finding on the following issues. (i) Whether assessee had sufficient interest free funds to cover advances given to its associate concerns and no interest bearing fund was advanced to its associate concerns

THE MAHALAXMI CREDIT CO. OP. SOCIETY LTD.,,KHEDA vs. THE ITO, WARD- 3,, NADIAD

In the result, the appeal of the assessee is dismissed

ITA 153/AHD/2019[2015-16]Status: DisposedITAT Ahmedabad31 Jan 2020AY 2015-16
For Appellant: Shri Parth Shah, A.RFor Respondent: Shri N.K. Goyal, Sr. D.R
Section 143(2)Section 143(3)Section 56Section 80PSection 80P(2)(a)Section 80P(2)(d)Section 80P(4)Section 80p(2)(d)

3 Mahalaxmi Credit Co-op. Society Ltd. vs. ITO capital of more than rupees one lac can be considered to be that of Primary Co-operative Bank and hence it is not eligible for deduction u/s. 80P r.w.s. 80P(4) of the Act. b) As per definitions mentioned in Section 56 of the Banking Regulation Act, the difference between