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4 results for “TDS”+ Section 182clear

Sorted by relevance

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Key Topics

Section 221(1)6Section 403Section 2633Section 143(3)3TDS3Section 682Section 2(22)(e)2Section 140A(1)2Section 140A(3)2Penalty

M/S. SARADA NIVAS (P) LIMITED,JAJPUR vs. ACIT,CIRCLE-1(1), CUTTACK

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

ITA 8/CTK/2021[2010-11]Status: DisposedITAT Cuttack09 Mar 2022AY 2010-11

Bench: S/ S/Shri Chandra Mohan Garg, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpia

For Appellant: Shri P.K.MishraFor Respondent: Shri Sovesh Chandra Mohanty, Sr
Section 140A(1)Section 140A(3)Section 143(3)Section 221(1)

TDS of Rs.955 before the date of filing of return in accordance with section 140A(1) of the Act. Thereafter, penalty proceedings u/s.140A(3) of the Act was initiated by issuing notice u/s.221(1) of the Act. Since the directors of the assessee company were busy in arranging funds for liquidation of bank loans, no appearance was made

2

M?S.SARADA NIVAS (P) LIMITED,JAJPUR vs. ACIT,CIRCLE-1(1), CUTTACK

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

ITA 9/CTK/2021[2011-12]Status: DisposedITAT Cuttack09 Mar 2022AY 2011-12

Bench: S/ S/Shri Chandra Mohan Garg, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpia

For Appellant: Shri P.K.MishraFor Respondent: Shri Sovesh Chandra Mohanty, Sr
Section 140A(1)Section 140A(3)Section 143(3)Section 221(1)

TDS of Rs.955 before the date of filing of return in accordance with section 140A(1) of the Act. Thereafter, penalty proceedings u/s.140A(3) of the Act was initiated by issuing notice u/s.221(1) of the Act. Since the directors of the assessee company were busy in arranging funds for liquidation of bank loans, no appearance was made

CHINARI ROHINI SUBUDHI,BHUBANESWAR vs. ITO WARD 3(1), BHUBANESWAR

In the result, appeal of the assessee stands partly allowed

ITA 23/CTK/2023[2015-16]Status: DisposedITAT Cuttack18 Jul 2023AY 2015-16

Bench: Before S/Shri George Mathan, Judicial & Girish Agrawalwalassessment Year : 2010-2011 2011 Sundeep Sundeep Haridas, Haridas, Prop. Prop. Vs. Dcit, Circle Dcit, Circle-1(1), Sundardas D Unsraj, College Sundardas D Unsraj, College Cuttack Square, Cuttack Square, Cuttack Pan/Gir No. Pan/Gir No.Aadp 5404 N (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri Mohit Sheth Mohit Sheth, Ar Revenue By : Shri Saroj Kumar Mahapatra, Cit : Shri Saroj Kumar Mahapatra, Cit Dr

For Appellant: Shri Mohit ShethFor Respondent: Shri Saroj Kumar Mahapatra, CIT
Section 194ASection 40

section 40(a)(ia) of the Act. It was the submission that in respect of the amount of Rs.14,80,162/- Form 15-G and Form 15-H have been filed before the CIT, Cuttack and in respect of the amount of Rs.1,22,277/-, the proof of submission of Form 15-G did not contain seal of the office

OMM SHREE REALCON PVT. LTD,BHUBANESWAR vs. PR.CIT-1, BHUBANESWAR

In the result, appeal of the assessee stands allowed

ITA 97/CTK/2023[2018-19]Status: DisposedITAT Cuttack28 Jun 2023AY 2018-19

Bench: Before S/Shri George Mathan, Judicial & And Rajesh Kumarassessment Year : 2018-19 Om Shree Realcon Pvt Ltd., Om Shree Realcon Pvt Ltd., Vs. Pr. Cit- Bhubaneswar Bhubaneswar-1 Plot No.418, Forest Park, 8, Forest Park, Bhubaneswar. Bhubaneswar. Pan/Gir No. Pan/Gir No.Aabco 3118 P (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri S.K.Sarangi, Ca S.K.Sarangi, Ca Revenue By : Shri M.K.Gautam, Pr. Cit (Osd) Pr. Cit (Osd) Date Of Hearing : 28 /0 06/2023 Date Of Pronouncement : 28 /0 /06/2023 O R D E R Per Bench

For Appellant: Shri S.K.Sarangi, CAFor Respondent: Shri M.K.Gautam, Pr. CIT (OSD)
Section 143(3)Section 2(22)(e)Section 263Section 68

section 2(13)(i) of Money Lending Act. Hence these lending companies had distributed their accumulated profits to their substantial shareholders in the guise of loans either to utilize their idle surplus income or to escape DDT for purchase of immovable property by the assessee company. The assessee was required to pay interest @ 10% on such loans. 6. Before