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92 results for “disallowance”+ Section 63clear

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Key Topics

Addition to Income70Section 139(1)64Section 143(3)52Deduction49Section 143(1)46Disallowance46Section 80I43Section 43B37Section 25030Section 36(1)(va)

THE INCOME TAX OFFICER, FEROZEPUR vs. M/S REHMAT TRADERS, FEROZEPUR CANTT.

In the result, the Revenue’s appeal is partly allowed

ITA 454/ASR/2016[2010-11]Status: DisposedITAT Amritsar01 Jun 2018AY 2010-11

Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. No. 454/Asr/2016 Assessment Year: 2010-11

For Appellant: Sh. Ajay Goyal, CIT-DRFor Respondent: Sh. Sudhir Sehgal, Advocate
Section 143(3)Section 263Section 40ASection 40A(3)

sections 40A(3)/40A(3A) of the Act for making payments in cash to one Shri Gurbaksh Singh, proprietor M/s. Cheema Wines and to M/s. Unique Wines, against purchase of liquor for sale at the firm's allotted vends. It is this assessment that led to an appeal by the assessee impugning the said disallowance. The same having been since

Showing 1–20 of 92 · Page 1 of 5

28
Section 26324
Depreciation15

ATC LOGISTICAL SOLUTIONS PRIVATE LIMITED ,DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, AMRITSAR

In the result, appeal of the assessee ITA No

ITA 241/ASR/2023[2017-18]Status: DisposedITAT Amritsar31 Oct 2023AY 2017-18

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

Section 115JSection 139Section 143(1)Section 143(3)Section 154Section 250Section 36(1)(va)Section 37(1)Section 40ASection 40A(7)

Disallowance u/s 40A(7) was restricted to Rs. 19,52,569/- as an amount of Rs. 2,63,876/- was already added. 6.2 In the submission, the appellant has submitted that the decision of the CIT(A) confirming the similar addition made u/s 143(1) was challenged before the Hon’ble ITAT and that the matter has been restored back

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1, JALANDHAR vs. MEASAGE BHAGWATI LACTO VEGETARIAN EXPORTS (P) LIMITED, FEROZEPUR CANTT

In the result, the appeal filed by the Revenue is dismissed

ITA 1/ASR/2020[2016-17]Status: DisposedITAT Amritsar17 Feb 2023AY 2016-17

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

For Appellant: None (Written submission)For Respondent: Sh. Rohit Mehra, CIT DR
Section 36Section 36(1)(vii)

disallowance of bad debts of Rs. 1,98,63,037/- in contravention into the provisions of section 36(1)(vii) of the I.T. Act, 1961. 2. Briefly

SHRI VIJAY KUMAR AGGARWAL,JALANDHAR vs. INCOME TAX OFICER,WARD II(4), JALANDHAR

In the result, the appeals of the assessee are dismissed

ITA 119/ASR/2018[2014-15]Status: DisposedITAT Amritsar18 Mar 2019AY 2014-15

Bench: Sh. N. S. Saini & Sh. N. K. Choudhryita No. 38/Asr./2017 : Asstt. Year : 2013-14 Ita No. 77/Asr./2017 : Asstt. Year : 2012-13

For Appellant: Sh. J. S. Bhasin, AdvFor Respondent: Ms. Shivani Bansal, DR
Section 43B

section 43B, are not absolute but qualify 'any sum payable' as interest on any loan or borrowing from any public financial institution or State Financial Corpn. or State Industrial Investment Corpn., in accordance with the terms and conditions of the agreement governing such loan or borrowing. The Bench therefore, held that only the interest payable during the year in accordance

SH. VIJAY KUMAR AGGARWAL, PROP.,JALANDHAR vs. INCOME TAX OFFICER, JALANDHAR

In the result, the appeals of the assessee are dismissed

ITA 38/ASR/2017[2013-14]Status: DisposedITAT Amritsar18 Mar 2019AY 2013-14

Bench: Sh. N. S. Saini & Sh. N. K. Choudhryita No. 38/Asr./2017 : Asstt. Year : 2013-14 Ita No. 77/Asr./2017 : Asstt. Year : 2012-13

For Appellant: Sh. J. S. Bhasin, AdvFor Respondent: Ms. Shivani Bansal, DR
Section 43B

section 43B, are not absolute but qualify 'any sum payable' as interest on any loan or borrowing from any public financial institution or State Financial Corpn. or State Industrial Investment Corpn., in accordance with the terms and conditions of the agreement governing such loan or borrowing. The Bench therefore, held that only the interest payable during the year in accordance

THE INCOME TAX OFFICER, AMRITSAR. vs. SH. SHIV RAJ SINGH BAWA, AMRITSAR.

In the result, the Revenue’s appeal is allowed and the assessee’s CO, dismissed

ITA 407/ASR/2016[2012-13]Status: DisposedITAT Amritsar30 Jan 2019AY 2012-13

Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. No. 407/Asr/2016 Assessment Year: 2012-13

For Appellant: Sh. Charan Dass (D.R.)For Respondent: Sh. Tarun Bansal (Adv.)
Section 143(3)Section 40A(3)

disallowed thereunder where the expenditure is genuine, incurred bona fide for the purpose of business, and toward which he cites the decision in ITO v. Dhanshree Ispat [2017] 50 CCH 86 (Pune). The Tribunal has opined that where the payments are genuine and the payee/s identifiable, keeping in view the object of the provision, section 40A(3) would not hold

KISHORE SAREES,AMRITSAR vs. DCIT/ACIT, CIRCLE 1, , AMRITSAR

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

ITA 90/ASR/2021[2019-20]Status: DisposedITAT Amritsar12 Nov 2021AY 2019-20

Bench: Shri N. K. Saini & Shri N. K. Choudhryआयकर अपील सं./Ita No.90/Asr/2021 (धनिाारण वर्ा / Assessment Year : 2019-2020) M/S Kishore Sarees Vs Dcit/Acit, Circle-1, Amritsar Chowk Katra Jaimal Singh Amritsar-143001 Pan No. : Aalfk 1014 D (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) धनिााररती की ओर से /Assessee By : Shri Jatinder Nagpal, Adv. राजस्व की ओर से /Revenue By Shri S.M.Surendranath, Sr.Dr : सुनवाई की तारीख / Date Of Hearing : 12/11/2021 घोर्णा की तारीख/Date Of Pronouncement : 12/11/2021

For Appellant: Shri Jatinder Nagpal, Adv
Section 139(1)Section 2Section 250Section 36(1)(va)Section 43B

Section 36(1)(va) and 43B of the Act wherein Explanations have been inserted by Finance Act, 2021 qua employees’ share in respect of PF & ESI Act, is also unsustainable . 5.4 In view of the above discussions, the disallowances of Rs.5,88,203/- for A.Y.2018-2019 and Rs.60,540/- for A.Y.2019-2020 made by the A.O. and confirmed

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FILL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 291/ASR/2015[2004-05]Status: DisposedITAT Amritsar24 Feb 2023AY 2004-05

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

63,866/- which is working out to Rs. 11,26,386/- on Travelling expenses in Foreign & Inland and Vehicle running and maintenance. The ld. AO had made ad hoc disallowance. 21.1. The ld. CIT-DR argued and relied on order of revenue authority. 21.2. The disallowance was made without finding any specific lacuna. The ld. CIT(A) in his order

THE DY. COMMISSIONER OF INCOME TAX, JAMMU vs. M/S. FIL INDUSTRIES LTD, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 470/ASR/2015[2009-10]Status: DisposedITAT Amritsar24 Feb 2023AY 2009-10

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

63,866/- which is working out to Rs. 11,26,386/- on Travelling expenses in Foreign & Inland and Vehicle running and maintenance. The ld. AO had made ad hoc disallowance. 21.1. The ld. CIT-DR argued and relied on order of revenue authority. 21.2. The disallowance was made without finding any specific lacuna. The ld. CIT(A) in his order

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FILL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 290/ASR/2015[2003-04]Status: DisposedITAT Amritsar24 Feb 2023AY 2003-04

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

63,866/- which is working out to Rs. 11,26,386/- on Travelling expenses in Foreign & Inland and Vehicle running and maintenance. The ld. AO had made ad hoc disallowance. 21.1. The ld. CIT-DR argued and relied on order of revenue authority. 21.2. The disallowance was made without finding any specific lacuna. The ld. CIT(A) in his order

M/S FIL INDUSTRIES LTD,SRINAGAR vs. THE DY COMMISSIONER OF INCOME TAX, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 417/ASR/2015[2010-11]Status: DisposedITAT Amritsar24 Feb 2023AY 2010-11

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

63,866/- which is working out to Rs. 11,26,386/- on Travelling expenses in Foreign & Inland and Vehicle running and maintenance. The ld. AO had made ad hoc disallowance. 21.1. The ld. CIT-DR argued and relied on order of revenue authority. 21.2. The disallowance was made without finding any specific lacuna. The ld. CIT(A) in his order

THE DY. COMMISSIONER OF INCOME TAX, JAMMU vs. M/S. FIL INDUSTRIES LTD, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 471/ASR/2015[2010-11]Status: DisposedITAT Amritsar24 Feb 2023AY 2010-11

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

63,866/- which is working out to Rs. 11,26,386/- on Travelling expenses in Foreign & Inland and Vehicle running and maintenance. The ld. AO had made ad hoc disallowance. 21.1. The ld. CIT-DR argued and relied on order of revenue authority. 21.2. The disallowance was made without finding any specific lacuna. The ld. CIT(A) in his order

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FIL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 294/ASR/2015[2008-09]Status: DisposedITAT Amritsar24 Feb 2023AY 2008-09

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

63,866/- which is working out to Rs. 11,26,386/- on Travelling expenses in Foreign & Inland and Vehicle running and maintenance. The ld. AO had made ad hoc disallowance. 21.1. The ld. CIT-DR argued and relied on order of revenue authority. 21.2. The disallowance was made without finding any specific lacuna. The ld. CIT(A) in his order

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FILL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 289/ASR/2015[2002-03]Status: DisposedITAT Amritsar24 Feb 2023AY 2002-03

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

63,866/- which is working out to Rs. 11,26,386/- on Travelling expenses in Foreign & Inland and Vehicle running and maintenance. The ld. AO had made ad hoc disallowance. 21.1. The ld. CIT-DR argued and relied on order of revenue authority. 21.2. The disallowance was made without finding any specific lacuna. The ld. CIT(A) in his order

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FIL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 293/ASR/2015[2007-08]Status: DisposedITAT Amritsar24 Feb 2023AY 2007-08

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

63,866/- which is working out to Rs. 11,26,386/- on Travelling expenses in Foreign & Inland and Vehicle running and maintenance. The ld. AO had made ad hoc disallowance. 21.1. The ld. CIT-DR argued and relied on order of revenue authority. 21.2. The disallowance was made without finding any specific lacuna. The ld. CIT(A) in his order

M/S FIL INDUSTRIES LTD,SRINAGAR vs. THE ADDL. COMMISSIONER OF INCOME TAX, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 255/ASR/2015[2008-09]Status: DisposedITAT Amritsar24 Feb 2023AY 2008-09

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

63,866/- which is working out to Rs. 11,26,386/- on Travelling expenses in Foreign & Inland and Vehicle running and maintenance. The ld. AO had made ad hoc disallowance. 21.1. The ld. CIT-DR argued and relied on order of revenue authority. 21.2. The disallowance was made without finding any specific lacuna. The ld. CIT(A) in his order

THE DY.COMMISSIONER OF INCOME-TAX, JAMMU vs. M/S FIL INDUSTRIES,, SRINAGAR

In the result appeal of the assessee ground no 4 to 4

ITA 292/ASR/2015[2006-07]Status: DisposedITAT Amritsar24 Feb 2023AY 2006-07

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

Section 143(3)Section 250Section 32Section 43(1)Section 80I

63,866/- which is working out to Rs. 11,26,386/- on Travelling expenses in Foreign & Inland and Vehicle running and maintenance. The ld. AO had made ad hoc disallowance. 21.1. The ld. CIT-DR argued and relied on order of revenue authority. 21.2. The disallowance was made without finding any specific lacuna. The ld. CIT(A) in his order

M/S GRAND LILLY LIMITED ,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, JALANDHAR

In the result, appeal of the assessee is allowed for statistical purposes

ITA 667/ASR/2017[2010-11]Status: DisposedITAT Amritsar19 Dec 2019AY 2010-11

Bench: Shri N.K. Choudhry & Shri O.P.Meenaआ.अ.संसंसंसं././././I.T.A Nos.667 To 669 /Asr/2017 िनधा"रणवष"/A.Ys.:2010-11, 2011-12 & 2012-13 िनधा"रणवष" िनधा"रणवष" िनधा"रणवष" M/S. Grand Lilly Motels Limited, Vs. Assistant Commissioner Of 4, Model Town, Jalandhar Income Tax, Pan: Aabcj 4527 E Circle- Iii, Jalandhar अपीलाथ" अपीलाथ"Appellant अपीलाथ" अपीलाथ" ""यथ" ""यथ"/Respondent ""यथ" ""यथ"

63,322 ( after deducting 15% for food wastage) based on grocery consumption of Rs. 64,28,026 shown by the assessee. Considering history for A.Y. 06-07, and 08-09, the working of sales were estimated by applying consumption ratio of 1:3. Accordingly, sales of from food were enhanced by an amount of Rs. 43,41,084. 8. Being

M/S. GRAND LILLY MOTELS LTD,,JALANDHAR vs. THE ADDITIONAL COMMISSIONER OF INCOME-TAX, RANGE-3, JALANDHAR

In the result, appeal of the assessee is allowed for statistical purposes

ITA 669/ASR/2017[2012-13]Status: DisposedITAT Amritsar19 Dec 2019AY 2012-13

Bench: Shri N.K. Choudhry & Shri O.P.Meenaआ.अ.संसंसंसं././././I.T.A Nos.667 To 669 /Asr/2017 िनधा"रणवष"/A.Ys.:2010-11, 2011-12 & 2012-13 िनधा"रणवष" िनधा"रणवष" िनधा"रणवष" M/S. Grand Lilly Motels Limited, Vs. Assistant Commissioner Of 4, Model Town, Jalandhar Income Tax, Pan: Aabcj 4527 E Circle- Iii, Jalandhar अपीलाथ" अपीलाथ"Appellant अपीलाथ" अपीलाथ" ""यथ" ""यथ"/Respondent ""यथ" ""यथ"

63,322 ( after deducting 15% for food wastage) based on grocery consumption of Rs. 64,28,026 shown by the assessee. Considering history for A.Y. 06-07, and 08-09, the working of sales were estimated by applying consumption ratio of 1:3. Accordingly, sales of from food were enhanced by an amount of Rs. 43,41,084. 8. Being

M/S MEHTA INSTITUTE OF EDUCATION ,LUDHIANA vs. INCOME TAX OFFICER WARD (EXEMPTION), JALANDHAR

In the result, the appeal of the assessee is allowed for statistical

ITA 26/ASR/2019[2013-14]Status: DisposedITAT Amritsar15 Nov 2022AY 2013-14

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

For Appellant: Sh. Sudhir Sehgal, ARFor Respondent: Sh. S. M. Surendranath, Sr. DR
Section 10

sections 60 to 63, the following income shall not be included in the total income of the previous year of the person in receipt of the income— (a) income derived from property held under trust wholly for charitable or religious purposes, to the extent to which such income is applied to such purposes in India; and, where any such income