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67 results for “TDS”+ Section 194A(3)(iii)clear

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Key Topics

Section 4040Section 194A38Deduction37Disallowance33TDS32Section 143(3)27Addition to Income26Section 14A21Section 201(1)20Section 201

VIRUDHUNAGAR CENTRAL DISTRICT CO-OPERATIVE BANK,VIRUDHUNAGAR vs. ITO, VIRUDHUNAGAR

In the result, the appeals of the assessee for both the years are

ITA 2055/CHNY/2014[2012-13]Status: DisposedITAT Chennai09 Oct 2018AY 2012-13

Bench: Shri N.R.S. Ganesan, Shri Abraham P. George & Shri A.Mohan Alankamony] आयकर अपील सं./I.T.A. Nos.2055 & 2056/Chny/2014 "नधा"रण वष" /Assessment Years :2012-13 & 2013-2014. The Virudhunagar District Vs. The Income Tax Officer, Central Co-Operative Bank Ltd, Tds Ward, 104/1, Madurai Road, Virudhungar. Virudhunagar 626 001. [Pan Aaaau 0147N] (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Respondent: Shri. Sailendra Mamidi, PCIT
Section 194ASection 194A(3)Section 201

TDS ward, 104/1, Madurai Road, Virudhungar. Virudhunagar 626 001. [PAN AAAAU 0147N] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Shri. C. Maruthappan, C.A. अपीलाथ" क" ओर से/ Appellant by ""यथ" क" ओर से /Respondent by : Shri. Sailendra Mamidi, PCIT. सुनवाई क" तार"ख/Date of Hearing : 08-10-2018 : 09-10-2018 घोषणा क" तार"ख /Date of Pronouncement आदेश

Showing 1–20 of 67 · Page 1 of 4

18
Section 194A(3)16
Section 194A(3)(viia)16

VIRUDHUNAGAR CENTRAL DISTRICT CO-OPERATIVE BANK,VIRUDHUNAGAR vs. ITO, VIRUDHUNAGAR

In the result, the appeals of the assessee for both the years are

ITA 2056/CHNY/2014[2013-14]Status: DisposedITAT Chennai09 Oct 2018AY 2013-14

Bench: Shri N.R.S. Ganesan, Shri Abraham P. George & Shri A.Mohan Alankamony] आयकर अपील सं./I.T.A. Nos.2055 & 2056/Chny/2014 "नधा"रण वष" /Assessment Years :2012-13 & 2013-2014. The Virudhunagar District Vs. The Income Tax Officer, Central Co-Operative Bank Ltd, Tds Ward, 104/1, Madurai Road, Virudhungar. Virudhunagar 626 001. [Pan Aaaau 0147N] (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Respondent: Shri. Sailendra Mamidi, PCIT
Section 194ASection 194A(3)Section 201

TDS ward, 104/1, Madurai Road, Virudhungar. Virudhunagar 626 001. [PAN AAAAU 0147N] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Shri. C. Maruthappan, C.A. अपीलाथ" क" ओर से/ Appellant by ""यथ" क" ओर से /Respondent by : Shri. Sailendra Mamidi, PCIT. सुनवाई क" तार"ख/Date of Hearing : 08-10-2018 : 09-10-2018 घोषणा क" तार"ख /Date of Pronouncement आदेश

THE LIC EMPLOYEES CO-OPERATIVE BANK LTD.,CHENNAI vs. ACIT, CHENNAI

In the result, appeals filed by the assessee are stands allowed

ITA 823/CHNY/2017[2009-10]Status: DisposedITAT Chennai12 Jun 2017AY 2009-10

Bench: Shri George Mathan & Shri S. Jayaraman

Section 194ASection 194A(1)Section 194A(3)Section 194A(3)(i)Section 194A(3)(v)Section 194A(3)(viia)

TDS on the interest paid on the deposits by Co-operative societies involved in banking business. 5. We have considered the rival submissions. As it is noticed that the issues in the appeals are squarely covered by the decision of the Hon’ble Jurisdictional High Court (Madras) in the case of M/s.Coimbatore Central ITA Nos.823 to 826/Mds/2017 :- 3 -: Co-operative

THE LIC EMPLOYEES CO-OPERATIVE BANK LTD.,CHENNAI vs. ACIT, CHENNAI

In the result, appeals filed by the assessee are stands allowed

ITA 826/CHNY/2017[2014-15]Status: DisposedITAT Chennai12 Jun 2017AY 2014-15

Bench: Shri George Mathan & Shri S. Jayaraman

Section 194ASection 194A(1)Section 194A(3)Section 194A(3)(i)Section 194A(3)(v)Section 194A(3)(viia)

TDS on the interest paid on the deposits by Co-operative societies involved in banking business. 5. We have considered the rival submissions. As it is noticed that the issues in the appeals are squarely covered by the decision of the Hon’ble Jurisdictional High Court (Madras) in the case of M/s.Coimbatore Central ITA Nos.823 to 826/Mds/2017 :- 3 -: Co-operative

THE LIC EMPLOYEES CO-OPERATIVE BANK LTD.,CHENNAI vs. ACIT, CHENNAI

In the result, appeals filed by the assessee are stands allowed

ITA 824/CHNY/2017[2010-11]Status: DisposedITAT Chennai12 Jun 2017AY 2010-11

Bench: Shri George Mathan & Shri S. Jayaraman

Section 194ASection 194A(1)Section 194A(3)Section 194A(3)(i)Section 194A(3)(v)Section 194A(3)(viia)

TDS on the interest paid on the deposits by Co-operative societies involved in banking business. 5. We have considered the rival submissions. As it is noticed that the issues in the appeals are squarely covered by the decision of the Hon’ble Jurisdictional High Court (Madras) in the case of M/s.Coimbatore Central ITA Nos.823 to 826/Mds/2017 :- 3 -: Co-operative

THE LIC EMPLOYEES CO-OPERATIVE BANK LTD.,CHENNAI vs. ACIT, CHENNAI

In the result, appeals filed by the assessee are stands allowed

ITA 825/CHNY/2017[2013-14]Status: DisposedITAT Chennai12 Jun 2017AY 2013-14

Bench: Shri George Mathan & Shri S. Jayaraman

Section 194ASection 194A(1)Section 194A(3)Section 194A(3)(i)Section 194A(3)(v)Section 194A(3)(viia)

TDS on the interest paid on the deposits by Co-operative societies involved in banking business. 5. We have considered the rival submissions. As it is noticed that the issues in the appeals are squarely covered by the decision of the Hon’ble Jurisdictional High Court (Madras) in the case of M/s.Coimbatore Central ITA Nos.823 to 826/Mds/2017 :- 3 -: Co-operative

METTUR MUNICIPALITY,SALEM vs. ITO (TDS), SALEM

In the result both the appeals of the assessee are allowed

ITA 759/CHNY/2025[2024-25]Status: DisposedITAT Chennai12 Aug 2025AY 2024-25

Bench: Shri Manu Kumar Giri & Shri S.R. Raghunathaआयकर अपील सं./Ita No.: 758 & 759/Chny/2025 धनिाारण वर्ा / Assessment Year: 2023-24, 2024-25 Mettur Municipality Income Tax Officer (Tds) Salem. Municipality Office Road, Mettur Dam, Vs. Salem – 636 401. Tamil Nadu [Pan: Aaalm2764R] (अपीलाथी/Appellant) (प्रत्यथी/Respondent) अपीलाथी की ओर से/Appellant By : Shri. S. Bhupendran, Advocate. प्रत्यथी की ओर से/Respondent By : Ms. Gouthami Manivasagam, Jcit सुनवाई की तारीख/Date Of Hearing : 04.06.2025 घोर्णा की तारीख/Date Of Pronouncement : 12.08.2025

For Appellant: Shri. S. Bhupendran, AdvocateFor Respondent: Ms. Gouthami Manivasagam, JCIT
Section 194ASection 194A(3)(iii)Section 201

TDS [Page Nos.163 to 182 of Paper-book for AY 2023-24, Page Nos.231 to 250 of Paper-book for AY 2024-25]; 35. The Bangalore ITAT discussed the shareholding of KUIDFC only in so far as applicability of Section 194A(3)(iii

METTUR MUNICIPALITY,SALEM vs. ITO (TDS) , SALEM

In the result both the appeals of the assessee are allowed

ITA 758/CHNY/2025[2023-24]Status: DisposedITAT Chennai12 Aug 2025AY 2023-24

Bench: Shri Manu Kumar Giri & Shri S.R. Raghunathaआयकर अपील सं./Ita No.: 758 & 759/Chny/2025 धनिाारण वर्ा / Assessment Year: 2023-24, 2024-25 Mettur Municipality Income Tax Officer (Tds) Salem. Municipality Office Road, Mettur Dam, Vs. Salem – 636 401. Tamil Nadu [Pan: Aaalm2764R] (अपीलाथी/Appellant) (प्रत्यथी/Respondent) अपीलाथी की ओर से/Appellant By : Shri. S. Bhupendran, Advocate. प्रत्यथी की ओर से/Respondent By : Ms. Gouthami Manivasagam, Jcit सुनवाई की तारीख/Date Of Hearing : 04.06.2025 घोर्णा की तारीख/Date Of Pronouncement : 12.08.2025

For Appellant: Shri. S. Bhupendran, AdvocateFor Respondent: Ms. Gouthami Manivasagam, JCIT
Section 194ASection 194A(3)(iii)Section 201

TDS [Page Nos.163 to 182 of Paper-book for AY 2023-24, Page Nos.231 to 250 of Paper-book for AY 2024-25]; 35. The Bangalore ITAT discussed the shareholding of KUIDFC only in so far as applicability of Section 194A(3)(iii

INDIAN OVERSEAS BANK,CHENNAI vs. DCIT,LTU(2), CHENNAI

Accordingly, this ground of Revenue is dismissed

ITA 203/CHNY/2023[2017-18]Status: DisposedITAT Chennai31 Dec 2024AY 2017-18

Bench: Hon’Ble Shri Manoj Kumar Aggarwal & Hon’Ble Shri Manu Kumar Giriआयकरअपील सं./ Ita Nos.661/Chny/2019, 202 & 203/Chny/2023 (िनधा"रणवष" / Assessment Years: 2015-16, 2016-17 & 2017-2018) Indian Overseas Bank, Vs. The Assistant Commissioner Of 763, Anna Salai, Income Tax, Chennai 600 002. Ltu (2) Chennai. आयकरअपील सं./ Ita Nos.914/Chny/2019, 253 & 254/Chny/2023 (िनधा"रणवष" / Assessment Years: 2015-16, 2016-17&2017-2018) The Assistant Commissioner Of Vs. Indian Overseas Bank, Income Tax, 763, Anna Salai, Ltu (2) Chennai 600 002. Chennai. [Pan: Aaaci 1223J] (अपीलाथ"/Appellant) (""यथ"/Respondent) Assessee By : Shri. C. Naresh, C.A., Department By : Shri. A. Sasikumar, Irs. Cit. सुनवाई क" तार"ख/Date Of Hearing : 14.11.2024 घोषणा क" तार"ख /Date Of Pronouncement : 31.12.2024

For Appellant: Shri. C. Naresh, C.AFor Respondent: Shri. A. Sasikumar, IRS. CIT
Section 115JSection 143(2)Section 14ASection 14A(2)Section 250Section 36(1)(vii)Section 36(1)(viia)

3) of section 194A, deals with such entities. The said clause reads as under:- iii) to such income credited or paid to- (a) any banking company to which the Banking Regulation Act, 1949 (10 of 1949), applies, or any co-operative society engaged in carrying on the business of banking (including a co-operative land mortgage bank

COONOOR COOPERATIVE URBANK BANK LIMITED,COONOOR vs. DCIT,, OOTY

In the result, the appeal of the assesseein ITA No

ITA 228/CHNY/2023[2014-15]Status: DisposedITAT Chennai27 Aug 2024AY 2014-15

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No.228/Chny/2023 (िनधा"रणवष" / Assessment Year: 2014-2015) Coonoor Co-Operative Urban Bank Vs. The Deputy Commissioner Of Limited, Income Tax, No.15, Mount Road, Circle I, Coonoor. Ooty. [Pan: Aaaac 0793M] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Miss N.V. Lakshmi, Advocate ""यथ" क" ओर से /Respondent By : Shri. Arv Srinivasan, Irs, Addl. Cit. सुनवाई क" तार"ख/Date Of Hearing : 20.06.2024 घोषणा क" तार"ख /Date Of Pronouncement : 27.08.2024 आदेश / O R D E R Per Manu Kumar Giri ()

For Appellant: Miss N.V. Lakshmi, AdvocateFor Respondent: Shri. ARV Srinivasan, IRS, Addl. CIT
Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 154Section 194ASection 36Section 40

TDS at applicable rate. (iv) Disallowance of Rs.48,76,149/- being contribution unrecognized staff provident fund by employee. (v) Disallowance u/s.40 (a)(ia) of Rs.4,82,97,933/- interest paid on various deposits for want of Tax Deduction at source on ground of applicability of Section 194A (1)’’. 3. Brief facts of the case are that the assessee

DCIT, CC-2,, MADURAI vs. SHRI V. MANOHARAN,, RAMNAD

In the result, the appeal filed by the Revenue and the CO filed by the assessee are dismissed

ITA 3246/CHNY/2019[2016-17]Status: DisposedITAT Chennai13 Jul 2022AY 2016-17

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. No.3246/Chny/2019 िनधा"रण वष"/Assessment Year: 2016-17 & C.O. No. 2/Chny/2021 [In I.T.A. No.3246/Chny/2019] The Deputy Commissioner Of Vs. Shri V. Manoharan, Income Tax, D. No. 99/2, Maharnonbu Ground Road, Central Circle 2, Madurai. Near Velumanickam Theatre, Ramnad 632 501. [Pan: Acspm0189J] (अपीलाथ" /Appellant) (""थ"/Respondent/Cross Objector) Department By : Shri Ar.V. Sreenivasan, Addl. Cit Assessee By : None सुनवाई की तारीख/ Date Of Hearing : 27.06.2022 घोषणा की तारीख /Date Of Pronouncement : 13.07.2022 आदेश /O R D E R Per V. Durga Rao: The Appeal Filed By The Revenue & The Cross Objection Filed By The Assessee Are Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 19, Chennai, Dated 14.08.2019 Relevant To The Assessment Year 2016-17. The Revenue Has Raised The Following Grounds: “1. The Order Of The Learned Commissioner Of Income Tax (Appeals) Is Erroneous On Facts Of The Case & In Law.

For Appellant: NoneFor Respondent: Shri AR.V. Sreenivasan, Addl. CIT
Section 10Section 132Section 142(1)Section 28Section 44A

TDS provisions) then the same expenditure is not to be allowed as deduction. The Assessing Officer in the present case has mentioned that the Appellant has not deducted any tax on the interest paid. Therefore, he is not entitled to claim the deduction. It is relevant to note here the provisions of Section- 40(i)(a) are not absolute

DCIT, CHENNAI vs. SIVA VENTURES LTD., CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

ITA 1075/CHNY/2014[2009-10]Status: DisposedITAT Chennai21 Jan 2020AY 2009-10

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

Section 250(6)

194A treating it as an interest. Therefore, the A O taxed the proportionate interest of Rs.30,10,00,000/- as income of the assessee. 4. Before the ld CIT(A) , the assessee submitted that its intention was to derive value of a large project and M/s Sahara India Commercial Corporation Ltd. decided not to sell land to it and compensated

DCIT, CHENNAI vs. SIVA VENTURES LTD., CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

ITA 1421/CHNY/2016[2008-2009]Status: DisposedITAT Chennai21 Jan 2020AY 2008-2009

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

Section 250(6)

194A treating it as an interest. Therefore, the A O taxed the proportionate interest of Rs.30,10,00,000/- as income of the assessee. 4. Before the ld CIT(A) , the assessee submitted that its intention was to derive value of a large project and M/s Sahara India Commercial Corporation Ltd. decided not to sell land to it and compensated

DCIT, CHENNAI vs. SIVA VENTURES LIMITED, CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

ITA 663/CHNY/2015[2010-11]Status: DisposedITAT Chennai21 Jan 2020AY 2010-11

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

Section 250(6)

194A treating it as an interest. Therefore, the A O taxed the proportionate interest of Rs.30,10,00,000/- as income of the assessee. 4. Before the ld CIT(A) , the assessee submitted that its intention was to derive value of a large project and M/s Sahara India Commercial Corporation Ltd. decided not to sell land to it and compensated

SIVA INDUSTRIES AND HOLDINGS LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeals in ITA No 1392/2016 for the

ITA 1973/CHNY/2016[2010-11]Status: HeardITAT Chennai21 Jan 2020AY 2010-11

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman

Section 250(6)

194A treating it as an interest. Therefore, the A O taxed the proportionate interest of Rs.30,10,00,000/- as income of the assessee. 4. Before the ld CIT(A) , the assessee submitted that its intention was to derive value of a large project and M/s Sahara India Commercial Corporation Ltd. decided not to sell land to it and compensated

KAVYA TRAVEL PRIVATE LIMITED,CHENNAI vs. ITO CORPORATE WARD 4 (4), CHENNAI

In the result, both the appeals filed by the assessee for ay: 2013-14

ITA 1791/CHNY/2018[2014-15]Status: DisposedITAT Chennai22 Oct 2019AY 2014-15

Bench: Shri N.R.S. Ganesan & Shri Ramit Kochar

For Appellant: Ms.R.Anitha, JCITFor Respondent: 17.09.2019
Section 143(3)Section 194CSection 40

194A(3)(iii)(a) read with section 40(a)(ia) of the 1961 Act , while rest of the additions as were made by the AO for ay: 2014-15 were confirmed by Ld.CIT(A) vide common appellate order dated 15.03.2018 passed by learned CIT(A). The learned CIT(A) provided relief to the assessee for interest payments made to banks

KAVYA TRAVEL PRIVATE LIMITED,CHENNAI vs. ITO CORPORATE WARD 4 (4), CHENNAI

In the result, both the appeals filed by the assessee for ay: 2013-14

ITA 1790/CHNY/2018[2013-14]Status: DisposedITAT Chennai22 Oct 2019AY 2013-14

Bench: Shri N.R.S. Ganesan & Shri Ramit Kochar

For Appellant: Ms.R.Anitha, JCITFor Respondent: 17.09.2019
Section 143(3)Section 194CSection 40

194A(3)(iii)(a) read with section 40(a)(ia) of the 1961 Act , while rest of the additions as were made by the AO for ay: 2014-15 were confirmed by Ld.CIT(A) vide common appellate order dated 15.03.2018 passed by learned CIT(A). The learned CIT(A) provided relief to the assessee for interest payments made to banks

DEPUTY COMMISSIONER OF INCOME TAX, SALEM vs. GOVINDA RAJULU SRINIVASAN, SALEM

In the result, appeal of the Revenue stands dismissed

ITA 1245/CHNY/2025[2014-15]Status: DisposedITAT Chennai04 Sept 2025AY 2014-15

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

For Appellant: Mr.Bhupendran, AdvocateFor Respondent: Mrs.C. Yamuna, CIT
Section 147Section 148Section 40Section 40A(3)

iii) Disallowance of Salary - Rs. 18,90,000 (iv) Disallowance of JCB expenses - Rs.3,01,000 (v) Disallowance of legal expenses - Rs.22,00,000 (vi) Disallowance of advertisement exp - Rs.87,280 (vii) Disallowance of compensation exp - Rs.4,00,000 (viii) Disallowance of audit fees u/s 40(a)(ia) - Rs.60,000 (ix)Disallowance of marketing exp - Rs.4,19,052 (x)Disallowance

DCIT CORPORATE CIRCLE-1(2), CHENNAI vs. BAY FORGE LTD, KANCHEEPURAM

In the result, the appeal filed by the Revenue is dismissed and the cross objection filed by the assessee is dismissed as academic

ITA 1462/CHNY/2019[2009-10]Status: DisposedITAT Chennai16 Feb 2023AY 2009-10

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwalआयकर अपील सं./Ita No.:1462/Chny/2019 िनधा"रण वष" /Assessment Year: 2009-10 & C.O No.76/Chny/2019 [In I.T.A. No.1462/Chny/2019] The Dcit, Bay Forge Limited, Corporate Circle -1(2), Vs. Palayanoor Po Chennai. Vedanthangal Road, Pukkath Village, Madurantakam Taluk, Kancheepuram – 603 308. Pan: Aaacf 0453D (अपीलाथ"/Appellant) (""यथ"/Respondent) राज" की ओर से /Revenue By : Dr. R. Mohan Reddy, Cit िनधा"रती क" ओर से/Assessee By : Shri Raghav Menon, Advocate सुनवाई क" तारीख/Date Of Hearing : 16.02.2023 घोषणा क" तारीख/Date Of Pronouncement : 16.02.2023

For Appellant: Shri Raghav Menon, AdvocateFor Respondent: Dr. R. Mohan Reddy, CIT
Section 143Section 40Section 43B

section 194A(3) (iii) and hence it was not liable to deduct tax on the interest payments. Taking into account the facts, circumstances and the evidences furnished by the appellant I am inclined to accept the contentions of the appellant. The disallowance of interest expenditure u/s.40(a) (ia) amounting to Rs.7,78,58,259/- requires to be deleted. This ground

NARASU'S SPINNING MILLS,SALEM vs. ACIT, SALEM

In the result, the appeal of the assessee is partly allowed

ITA 957/CHNY/2015[2011-12]Status: DisposedITAT Chennai09 Dec 2015AY 2011-12

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.957/Mds/2015 "नधा"रण वष" / Assessment Year : 2011-12 M/S Narasu’S Spinning Mills, The Assistant Commissioner Of 9-E, Gandhi Road, V. Income Tax, Salem – 636 007. Circle –I(2), 3, Gandhi Road, Salem-636 007. Pan : Aabfn 5747 L (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri G. Baskar, AdvocateFor Respondent: Sh. P. Radhakrishnan, JCIT
Section 194ASection 40

TDS certificate subsequently. Therefore, there cannot be any disallowance. The Ld.counsel placed his reliance on the decision of the Jodhpur Bench of this Tribunal in ITO v. Pearl Organic Coatings (2004) 4 SOT 755, the decision of Mumbai Bench of this Tribunal in Karwat Steel Traders v. ITO (2013) 145 ITD 370 and Delhi Bench of this Tribunal in Vijaya