LALLY MOTORS INDIA PVT. LTD,JALANDHAR vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX-2, JALANDHAR

In the result, the assessee’s appeal is dismissed

Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. No. 218(Asr)/2017 Assessment Year: 2012-13

14A would apply even if the no tax-exempt income (i.e., income not forming part of the total income) had 3 ITA No.218 (Asr)/2017(AY 2012-13) Lally Motors India P. Ltd. v. Pr.CIT in fact been earned, i.e., as long as expenditure is incurred for earning such income. The said Circular, binding on the A.O., was in fact

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, JAMMU, SRINAGAR vs. MESERS JAMMU & KASHMIR BANK LIMITED , SRINAGAR

In the result, the ground No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

disallowance u/s. 14A can be made only if the AO disapproves the method of accounting of the assessee, being not satisfied with the assessee's claim; that section 14A(3

THE DY. COMMISSIONER INCOME-TAX, JAMMU vs. M/S. THE JAMMU & KASHMIR BANK LTD,, SRINAGAR

In the result, the ground No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

disallowance u/s. 14A can be made only if the AO disapproves the method of accounting of the assessee, being not satisfied with the assessee's claim; that section 14A(3

THE JAMMU AND KASHMIR BANK LIMITED,SRINAGAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, JAMMU

In the result, the ground No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

disallowance u/s. 14A can be made only if the AO disapproves the method of accounting of the assessee, being not satisfied with the assessee's claim; that section 14A(3

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, JAMMU vs. MESERS JAMMU & KASHMIR BANK LIMITED , SRINAGAR

In the result, the ground No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

disallowance u/s. 14A can be made only if the AO disapproves the method of accounting of the assessee, being not satisfied with the assessee's claim; that section 14A(3

THE DY. COMMISSIONER INCOME-TAX, JAMMU vs. M/S. THE JAMMU & KASHMIR BANK LTD,, SRINAGAR

In the result, the ground No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

disallowance u/s. 14A can be made only if the AO disapproves the method of accounting of the assessee, being not satisfied with the assessee's claim; that section 14A(3

ASSISTANT COMMISSIONER OF INCOME -TAX , CIRCLE -1,, JAMMU vs. THE JAMMU & KASHMIR BANK LTD.,, SRINAGAR

In the result, the ground No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

disallowance u/s. 14A can be made only if the AO disapproves the method of accounting of the assessee, being not satisfied with the assessee's claim; that section 14A(3

ASSISTANT COMMISIONER OF INCOME TAX , CIRCLE-1, JAMMU vs. MESERS JAMMU & KASHMIR BANK LIMITED , SRINAGAR

In the result, the ground No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

disallowance u/s. 14A can be made only if the AO disapproves the method of accounting of the assessee, being not satisfied with the assessee's claim; that section 14A(3

THE DY. COMMISSIONER INCOME-TAX, JAMMU vs. M/S. THE JAMMU & KASHMIR BANK LTD,, SRINAGAR

The appeals are dismissed

Bench: Sh. T. S. Kapoor & Sh. N. K. Choudhryi.T.A. No. 298/(Asr)/2014 Assessment Year: 2009-10 Pan: Aaact6167G Dy. C. I. T., Vs. M/S. The Jammu & Kashmir Circle-1, 2Nd Floor Aayakar Bank Ltd., Corporate Head Bhawan, Railhead Complex, Quarters, M. A. Road, Jammu. Srinagar. (Appellant) (Respondent)

disallowance u/s. 14A can be made only if the AO disapproves the method of accounting of the assessee, being not satisfied with the assessee's claim; that section 14A(3

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

disallowance under section 14A of the Act out of the other income. The CIT(DR) contention that SLP against Hon’ble High Court’s order in the case of CIT vs. Hero Cycles Ltd., 323 JTR 518 has been admitted and pending for adjudication by the Hon’ble Apex Court is not acceptable. Mere 42 I.T.A. Nos. 477 & CO 32/Asr/2015

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

disallowance under section 14A of the Act out of the other income. The CIT(DR) contention that SLP against Hon’ble High Court’s order in the case of CIT vs. Hero Cycles Ltd., 323 JTR 518 has been admitted and pending for adjudication by the Hon’ble Apex Court is not acceptable. Mere 42 I.T.A. Nos. 477 & CO 32/Asr/2015

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAYS OVERSEAS LTD, JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

disallowance under section 14A of the Act out of the other income. The CIT(DR) contention that SLP against Hon’ble High Court’s order in the case of CIT vs. Hero Cycles Ltd., 323 JTR 518 has been admitted and pending for adjudication by the Hon’ble Apex Court is not acceptable. Mere 42 I.T.A. Nos. 477 & CO 32/Asr/2015

THE ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAYS OVERSEAS LTD, JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

disallowance under section 14A of the Act out of the other income. The CIT(DR) contention that SLP against Hon’ble High Court’s order in the case of CIT vs. Hero Cycles Ltd., 323 JTR 518 has been admitted and pending for adjudication by the Hon’ble Apex Court is not acceptable. Mere 42 I.T.A. Nos. 477 & CO 32/Asr/2015

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

disallowance under section 14A of the Act out of the other income. The CIT(DR) contention that SLP against Hon’ble High Court’s order in the case of CIT vs. Hero Cycles Ltd., 323 JTR 518 has been admitted and pending for adjudication by the Hon’ble Apex Court is not acceptable. Mere 42 I.T.A. Nos. 477 & CO 32/Asr/2015

THE ASSTT. COMMISSIONER OF INCOME TAX, JALANDHAR vs. M/S BROADWAY OVERSEAS LTD., JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

disallowance under section 14A of the Act out of the other income. The CIT(DR) contention that SLP against Hon’ble High Court’s order in the case of CIT vs. Hero Cycles Ltd., 323 JTR 518 has been admitted and pending for adjudication by the Hon’ble Apex Court is not acceptable. Mere 42 I.T.A. Nos. 477 & CO 32/Asr/2015

BRODAWAYS OVERSEAS LIMITED,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, JALANDHAR

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

disallowance under section 14A of the Act out of the other income. The CIT(DR) contention that SLP against Hon’ble High Court’s order in the case of CIT vs. Hero Cycles Ltd., 323 JTR 518 has been admitted and pending for adjudication by the Hon’ble Apex Court is not acceptable. Mere 42 I.T.A. Nos. 477 & CO 32/Asr/2015

SHRI KAILASH CHAND (PROP) M.K. STEELS,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-II, JALANDHAR

In the result, the appeal is decided in the terms indicated as above

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

disallowances under section 14A of the act to the exempt income. 3. The appellant assessee has filed an application dated

SHRI RAKESH KUMAR GUPTA,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-4, JALANDHAR

In the result, the appeals of the assessee are partly allowed

Bench: Shri. N.K. Saini, Hon'Ble & Shri. Ravish Sood

section 14A(2). In so far as the quantum of disallowance is concerned, Rule 8D is admittedly applicable from the assessment year 2008-09, which is the year under consideration. In that view of the matter, no fault can be found with the AO/CIT(A) resorting to Rule 8D for the purpose of making disallowance. This disallowance has been made