VINOD KUMAR TANDON,ALLAHABAD vs. DCIT(CPC),, BEGALURU

In the result, appeal of the assessee is dismissed

36(1)(va) r.w.s. 2(24)(x) and by following the judgments of Hon’ble Gujarat High Court in the case of Gujarat State Road Transport Corporation 366 ITR 170. Now, the Hon’ble Supreme Court has upheld the judgment of Hon’ble Gujarat High Court in the case of Checkmate Services (P.) Ltd. vs. Commissioner of Income

ACIT CIRCLE-2, ALLAHABAD vs. M/S SHERWANI SUGAR SYNDICATE LTD., ALLAHABAD

In the result, appeal filed by the Revenue in ITA No

Bench: Shrivijay Pal Rao & Shri Ramit Kocharassessment Year: 1997-98 The Assistant Commissioner Of V. M/S Shervani Sugar Syndicate Income-Tax, Circle-2, Ltd., Allahabad, U.P. 28, South Road , Allahabad,U.P. Pan/Gir: 19-653-Cv-3480 New Pan: Not Available (Appellant) (Respondent)

36,440/- in Head Office Account, it was observed by AO that following interest are payable on loan : Interest Payable On: 1.) Loan for IRBI (Sugar) Rs. 1,11,168/- Neoli Sugar 2.) Loan for IRBI (Solvent) Rs. 1,31,096/- Solvent Oil 3.) Loan for IRBI (Sugar) Rs. 2,08,379/- Sugar 4.) FITL from IRBI(solvent

TRIVENI GLASS LIMITED,ALLAHABAD vs. INCOME TAX OFFICER WARD 2(3) , ALLAHABAD

In the result, the appeal filed by assessee in ITA no

Bench: Shri.Vijay Pal Rao& Shri Ramit Kochar

Section 32(2), 72 , 80 and 139(3) of the 1961 Act. The ld. Counsel for the assessee drew our attention to appellate order passed by ld. CIT(A) . The ld. Counsel for the assessee stated before the Bench that there is an error in the figure of brought forward unabsorbed depreciation in the grounds of appeal filed by assessee

TRIVENI GLASS LIMITED,ALLAHABAD vs. INCOME TAX OFFICER WARD 2(3), ALLAHABAD

In the result, the appeal filed by assessee in ITA no

Bench: Shri.Vijay Pal Rao& Shri Ramit Kochar

Section 32(2), 72 , 80 and 139(3) of the 1961 Act. The ld. Counsel for the assessee drew our attention to appellate order passed by ld. CIT(A) . The ld. Counsel for the assessee stated before the Bench that there is an error in the figure of brought forward unabsorbed depreciation in the grounds of appeal filed by assessee

TRIVENI GLASS LIMITED,ALLAHABAD vs. INCOME TAX OFFICER WARD 2(3), ALLAHABAD

In the result, the appeal filed by assessee in ITA no

Bench: Shri.Vijay Pal Rao& Shri Ramit Kochar

Section 32(2), 72 , 80 and 139(3) of the 1961 Act. The ld. Counsel for the assessee drew our attention to appellate order passed by ld. CIT(A) . The ld. Counsel for the assessee stated before the Bench that there is an error in the figure of brought forward unabsorbed depreciation in the grounds of appeal filed by assessee

KESARWANI & C0,,ALLAHABAD vs. JT CIT,, ALLAHABAD

In the result the appeal of the assessee is partly allowed

section 36(1)(iii). Observing that the assessee had unsecured loans amounting to Rs.2,38,32,073/- and interest on capital amounting to Rs.31,94,098/- had been paid, the ld. CIT(A) upheld the decision of the ld. AO to disallow interest of Rs.33,520/-. Finally, with regard to the disallowance of Rs.8,70,985/- under the head diesel

KESARWANI & CO.,ALLAHABAD vs. JT.CIT,, ALLAHABAD

In the result the appeal of the assessee is partly allowed

section 36(1)(iii). Observing that the assessee had unsecured loans amounting to Rs.2,38,32,073/- and interest on capital amounting to Rs.31,94,098/- had been paid, the ld. CIT(A) upheld the decision of the ld. AO to disallow interest of Rs.33,520/-. Finally, with regard to the disallowance of Rs.8,70,985/- under the head diesel

KESARWANI & C0.,ALLAHABAD vs. JT.CIT., ALLAHABAD

In the result the appeal of the assessee is partly allowed

section 36(1)(iii). Observing that the assessee had unsecured loans amounting to Rs.2,38,32,073/- and interest on capital amounting to Rs.31,94,098/- had been paid, the ld. CIT(A) upheld the decision of the ld. AO to disallow interest of Rs.33,520/-. Finally, with regard to the disallowance of Rs.8,70,985/- under the head diesel