THE KARUR VYSYA BANK LTD.,KARUR vs. ADDL. CIT, TRICHY

In the result, I.T.A. Nos

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.1340 & 1341/Mds/2013 "नधा"रण वष" / Assessment Years : 2003-04 & 2005-06

68. The CIT(Appeals) by placing reliance on the judgment of Apex Court in Catholic Syrian Bank Ltd. (supra), found that 39 I.T.A. Nos.1340 & 1341/Mds/13 I.T.A. Nos. 1496 & 27/Mds/13 scheduled banks continue to get the benefit of write off of irrecoverable debts under Section 36(1)(vii) of the Act in order to get benefit of deduction

ACIT, TRICHY vs. THE KARUR VYSYA BANK LTD., KARUR

In the result, I.T.A. Nos

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.1340 & 1341/Mds/2013 "नधा"रण वष" / Assessment Years : 2003-04 & 2005-06

68. The CIT(Appeals) by placing reliance on the judgment of Apex Court in Catholic Syrian Bank Ltd. (supra), found that 39 I.T.A. Nos.1340 & 1341/Mds/13 I.T.A. Nos. 1496 & 27/Mds/13 scheduled banks continue to get the benefit of write off of irrecoverable debts under Section 36(1)(vii) of the Act in order to get benefit of deduction

THE KARUR VYSYA BANK LTD.,KARUR vs. JCIT, TRICHY

Accordingly, the claim of the assessee that it had to be allowed on actual payment basis was, in our opinion, rightly allowed by the CIT(Appeals)

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George

68,024/- to its employees who were not covered under 20 I.T.A. Nos.2325 & 2326/Mds/16 I.T.A. Nos.2433 & 2649/Mds/16 Payment of Bonus Act, 1965. Ld. A.O. held that it was nothing but appropriation of profits by senior employees who had income in excess of `10,000/- per month. As per Ld. A.O., there was no co- relation between the ex-gratia payment

THE KARUR VYSYA BANK LTD.,KARUR vs. JCIT, TRICHY

Accordingly, the claim of the assessee that it had to be allowed on actual payment basis was, in our opinion, rightly allowed by the CIT(Appeals)

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George

68,024/- to its employees who were not covered under 20 I.T.A. Nos.2325 & 2326/Mds/16 I.T.A. Nos.2433 & 2649/Mds/16 Payment of Bonus Act, 1965. Ld. A.O. held that it was nothing but appropriation of profits by senior employees who had income in excess of `10,000/- per month. As per Ld. A.O., there was no co- relation between the ex-gratia payment

DCIT, TRICHY vs. THE KARUR VYSYA BANK LTD., KARUR

Accordingly, the claim of the assessee that it had to be allowed on actual payment basis was, in our opinion, rightly allowed by the CIT(Appeals)

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George

68,024/- to its employees who were not covered under 20 I.T.A. Nos.2325 & 2326/Mds/16 I.T.A. Nos.2433 & 2649/Mds/16 Payment of Bonus Act, 1965. Ld. A.O. held that it was nothing but appropriation of profits by senior employees who had income in excess of `10,000/- per month. As per Ld. A.O., there was no co- relation between the ex-gratia payment

DCIT, TRICHY vs. M/S. THE KARUR VYSYA BANK. LTD., KARUR

Accordingly, the claim of the assessee that it had to be allowed on actual payment basis was, in our opinion, rightly allowed by the CIT(Appeals)

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George

68,024/- to its employees who were not covered under 20 I.T.A. Nos.2325 & 2326/Mds/16 I.T.A. Nos.2433 & 2649/Mds/16 Payment of Bonus Act, 1965. Ld. A.O. held that it was nothing but appropriation of profits by senior employees who had income in excess of `10,000/- per month. As per Ld. A.O., there was no co- relation between the ex-gratia payment

CITY UNION BANK LIMITED,KUMBAKONAM vs. JCIT, KUMBAKONAM

In the result, the appeals filed for the assessment year 2007-08 filed by

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

68,67,030/-. Subsequently, the income was reduced to Rs. 50,72,31,300/- as per the Tribunal Appellate order in ITA No. 770(M.P. No. 209)/Mds/2011 dated 16.12.2011. The Assessing Officer is having information that the assessee's has made payment towards MICR charges without deduction of Tax(TDS) on payments and violates provisions of section 194J

CITY UNION BANK LIMITED,KUMBAKONAM vs. JCIT, KUMBAKONAM

In the result, the appeals filed for the assessment year 2007-08 filed by

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

68,67,030/-. Subsequently, the income was reduced to Rs. 50,72,31,300/- as per the Tribunal Appellate order in ITA No. 770(M.P. No. 209)/Mds/2011 dated 16.12.2011. The Assessing Officer is having information that the assessee's has made payment towards MICR charges without deduction of Tax(TDS) on payments and violates provisions of section 194J

ACIT, KUMBAKONAM vs. CITY UNION BANK LIMITED, KUMBAKONAM

In the result, the appeals filed for the assessment year 2007-08 filed by

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

68,67,030/-. Subsequently, the income was reduced to Rs. 50,72,31,300/- as per the Tribunal Appellate order in ITA No. 770(M.P. No. 209)/Mds/2011 dated 16.12.2011. The Assessing Officer is having information that the assessee's has made payment towards MICR charges without deduction of Tax(TDS) on payments and violates provisions of section 194J

ACIT, KUMBAKONAM vs. CITY UNION BANK LIMITED, KUMBAKONAM

In the result, the appeals filed for the assessment year 2007-08 filed by

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

68,67,030/-. Subsequently, the income was reduced to Rs. 50,72,31,300/- as per the Tribunal Appellate order in ITA No. 770(M.P. No. 209)/Mds/2011 dated 16.12.2011. The Assessing Officer is having information that the assessee's has made payment towards MICR charges without deduction of Tax(TDS) on payments and violates provisions of section 194J

ACIT, KUMBAKONAM vs. CITY UNION BANK LIMITED, KUMBAKONAM

In the result, the appeals filed for the assessment year 2007-08 filed by

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

68,67,030/-. Subsequently, the income was reduced to Rs. 50,72,31,300/- as per the Tribunal Appellate order in ITA No. 770(M.P. No. 209)/Mds/2011 dated 16.12.2011. The Assessing Officer is having information that the assessee's has made payment towards MICR charges without deduction of Tax(TDS) on payments and violates provisions of section 194J

ACIT, KUMBAKONAM vs. CITY UNION BANK LIMITED, KUMBAKONAM

In the result, the appeals filed for the assessment year 2007-08 filed by

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

68,67,030/-. Subsequently, the income was reduced to Rs. 50,72,31,300/- as per the Tribunal Appellate order in ITA No. 770(M.P. No. 209)/Mds/2011 dated 16.12.2011. The Assessing Officer is having information that the assessee's has made payment towards MICR charges without deduction of Tax(TDS) on payments and violates provisions of section 194J

ACIT, KUMBAKONAM vs. CITY UNION BANK LIMITED, KUMBAKONAM

In the result, the appeals filed for the assessment year 2007-08 filed by

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

68,67,030/-. Subsequently, the income was reduced to Rs. 50,72,31,300/- as per the Tribunal Appellate order in ITA No. 770(M.P. No. 209)/Mds/2011 dated 16.12.2011. The Assessing Officer is having information that the assessee's has made payment towards MICR charges without deduction of Tax(TDS) on payments and violates provisions of section 194J

ASSISTANT COMMISSIONER OF INCOME-TAX, MADURAI vs. BEACH MINERALS SANDS COMPANY, TIRUNELVELI

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita Nos.1473 To 1475/Chny/2023 िनधा"रणवष"/Assessment Years: 2015-16 To 2017-18 & Cross-Objection Nos. 28 To 30/Chny/2024 िनधा"रणवष"/Assessment Years: 2015-16 To 2017-18 & आयकर अपील सं./Ita Nos.13 & 14/Chny/2024 िनधा"रणवष"/Assessment Years: 2013-14 & 2014-15 & Cross-Objection Nos. 26 & 27/Chny/2024 िनधा"रणवष"/Assessment Years: 2013-14 & 2014-15

68,61,188/-, Rs.16,36,96,574/-, Rs.10,21,54,055/- and Rs.6,49,29,886/- in AYs 2013-14, 2015-16, 2016- 17 & 2017-18 respectively. Apart from the foregoing, in AY 2013-14, the AO also made separate additions on account of suppression of closing stock amounting to Rs.150 lacs and advance received from customer

ASSISTANT COMMISSIONER OF INCOME-TAX, MADURAI vs. BEACH MINERALS SANDS COMPANY, TIRUNELVELI

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita Nos.1473 To 1475/Chny/2023 िनधा"रणवष"/Assessment Years: 2015-16 To 2017-18 & Cross-Objection Nos. 28 To 30/Chny/2024 िनधा"रणवष"/Assessment Years: 2015-16 To 2017-18 & आयकर अपील सं./Ita Nos.13 & 14/Chny/2024 िनधा"रणवष"/Assessment Years: 2013-14 & 2014-15 & Cross-Objection Nos. 26 & 27/Chny/2024 िनधा"रणवष"/Assessment Years: 2013-14 & 2014-15

68,61,188/-, Rs.16,36,96,574/-, Rs.10,21,54,055/- and Rs.6,49,29,886/- in AYs 2013-14, 2015-16, 2016- 17 & 2017-18 respectively. Apart from the foregoing, in AY 2013-14, the AO also made separate additions on account of suppression of closing stock amounting to Rs.150 lacs and advance received from customer

ASSISTANT COMMISSIONER OF INCOME-TAX, MADURAI vs. BEACH MINERALS SANDS COMPANY, TIRUNELVELI

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita Nos.1473 To 1475/Chny/2023 िनधा"रणवष"/Assessment Years: 2015-16 To 2017-18 & Cross-Objection Nos. 28 To 30/Chny/2024 िनधा"रणवष"/Assessment Years: 2015-16 To 2017-18 & आयकर अपील सं./Ita Nos.13 & 14/Chny/2024 िनधा"रणवष"/Assessment Years: 2013-14 & 2014-15 & Cross-Objection Nos. 26 & 27/Chny/2024 िनधा"रणवष"/Assessment Years: 2013-14 & 2014-15

68,61,188/-, Rs.16,36,96,574/-, Rs.10,21,54,055/- and Rs.6,49,29,886/- in AYs 2013-14, 2015-16, 2016- 17 & 2017-18 respectively. Apart from the foregoing, in AY 2013-14, the AO also made separate additions on account of suppression of closing stock amounting to Rs.150 lacs and advance received from customer

ASSISTANT COMMISSIONER OF INCOME-TAX, MADURAI vs. BEACH MINERALS SANDS COMPANY, TIRUNELVELI

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita Nos.1473 To 1475/Chny/2023 िनधा"रणवष"/Assessment Years: 2015-16 To 2017-18 & Cross-Objection Nos. 28 To 30/Chny/2024 िनधा"रणवष"/Assessment Years: 2015-16 To 2017-18 & आयकर अपील सं./Ita Nos.13 & 14/Chny/2024 िनधा"रणवष"/Assessment Years: 2013-14 & 2014-15 & Cross-Objection Nos. 26 & 27/Chny/2024 िनधा"रणवष"/Assessment Years: 2013-14 & 2014-15

68,61,188/-, Rs.16,36,96,574/-, Rs.10,21,54,055/- and Rs.6,49,29,886/- in AYs 2013-14, 2015-16, 2016- 17 & 2017-18 respectively. Apart from the foregoing, in AY 2013-14, the AO also made separate additions on account of suppression of closing stock amounting to Rs.150 lacs and advance received from customer

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(2), CHENNAI, CHENNAI vs. SOUTHERN AGRIFURANE INDUSTRIES PRIVATE LIMITED, CHENNAI

In the result, both the appeals filed by the Revenue and the\nassessee are dismissed

sections": [ "139", "153C", "132", "143(2)", "143(3)", "145(3)", "271AAD", "144", "29", "30", "43D", "68", "69", "69C", "40A(3)" ], "issues