YOSHIO KUBO vs. COMMISSIONER OF INCOME TAX

The appeals are disposed of accordingly

Section 17 (2) read with other provisions which disallow payments made on behalf of the employee, by the employer, so long

YOSHIO KUBO vs. COMMISSIONER OF INCOME TAX

The appeals are disposed of accordingly

Section 17 (2) read with other provisions which disallow payments made on behalf of the employee, by the employer, so long

DCIT, NEW DELHI vs. M/S SAHARA INDIA MASS COMMUNICATION LTD., MUMBAI

In the result, appeals filed by the Revenue are partly allowed

Bench: Shri S. Rifaur Rahman & Shri Vimal Kumar

Disallowed by the assessee in its return of income under section 40 Mr. Arjun Punjj 47,91,500 TDS deducted under section 194J Professional fees The tax auditor in its tax audit report under clause 17

DCIT, NEW DELHI vs. M/S SAHARA INDIA MASS COMMUNICATION LTD., MUMBAI

In the result, appeals filed by the Revenue are partly allowed

Bench: Shri S. Rifaur Rahman & Shri Vimal Kumar

Disallowed by the assessee in its return of income under section 40 Mr. Arjun Punjj 47,91,500 TDS deducted under section 194J Professional fees The tax auditor in its tax audit report under clause 17

DCIT, NEW DELHI vs. M/S SAHARA INDIA MASS COMMUNICATION LTD., MUMBAI

In the result, appeals filed by the Revenue are partly allowed

Bench: Shri S. Rifaur Rahman & Shri Vimal Kumar

Disallowed by the assessee in its return of income under section 40 Mr. Arjun Punjj 47,91,500 TDS deducted under section 194J Professional fees The tax auditor in its tax audit report under clause 17

DCIT,C-11(1), NEW DELHI vs. HERO MOTOCORP LTD.,, NEW DELHI

Appeal of the Revenue is dismissed

Bench: Shri Narendra Kumar Billaiya & Shri Kul Bharat

section 194H, the assessing officer disallowed the entire expenditure of Rs. 101,49,17,767/- under section 40(a)(ia) of the Act. Further

RELIGARE FINVEST LTD,NEW DELHI vs. ADDL.CIY, RANGE-21, NEW DELHI

In the result, for assessment year 2007-08 the appeal of the assessee as well as Revenue are dismissed

Bench: Shri O.P. Kant & Shri Kuldip Singh, Judicialmember

17,070/- only, the disallowance under Section 14A is restricted to this amount only as against the disallowance of Rs.11

ACIT,, NEW DELHI vs. M/S RELIGARE FINVEST LTD.,, NEW DELHI

In the result, for assessment year 2007-08 the appeal of the assessee as well as Revenue are dismissed

Bench: Shri O.P. Kant & Shri Kuldip Singh, Judicialmember

17,070/- only, the disallowance under Section 14A is restricted to this amount only as against the disallowance of Rs.11

ACIT, CIRCLE- 21(1), NEW DELHI vs. RELIGARE FINVEST LTD., NEW DELHI

In the result, for assessment year 2007-08 the appeal of the assessee as well as Revenue are dismissed

Bench: Shri O.P. Kant & Shri Kuldip Singh, Judicialmember

17,070/- only, the disallowance under Section 14A is restricted to this amount only as against the disallowance of Rs.11

M/S RELIGARE FINVEST LTD.,,NEW DELHI vs. DCIT, NEW DELHI

In the result, for assessment year 2007-08 the appeal of the assessee as well as Revenue are dismissed

Bench: Shri O.P. Kant & Shri Kuldip Singh, Judicialmember

17,070/- only, the disallowance under Section 14A is restricted to this amount only as against the disallowance of Rs.11

COMMISSIONER OF INCOME TAX vs. RAJAN NANDA

The appeals of the Revenue are dismissed and those

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

disallowed under Section 37(1) of the Act. 16. Mr. Sahni further argued that the Tribunal placed reliance upon Circular No.762 dated 18th February, 1998 explaining the tax aspect relating to keyman insurance policy was not appropriate and the Tribunal neither appreciated the import of the said Circular in a proper manner, nor it examined the effect of Sections

COMMISSIONER OF INCOME TAX vs. RAJAN NANDA

The appeals of the Revenue are dismissed and those

disallowed under Section 37(1) of the Act. 16. Mr. Sahni further argued that the Tribunal placed reliance upon Circular No.762 dated 18th February, 1998 explaining the tax aspect relating to keyman insurance policy was not appropriate and the Tribunal neither appreciated the import of the said Circular in a proper manner, nor it examined the effect of Sections

CIT vs. ESCORTS HEART INSTITUTE AND RESEARCH CENTRE LTD

The appeals of the Revenue are dismissed and those

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

disallowed under Section 37(1) of .the Act. 16. Mr. Sahni further argued that the Tribunal placed reliance upon Circular No.762 dated 18^'' February, 1998 explaining the tax asjDect relating to keyman insurance policy was not appropriate' and the Tribunal neither-appreciated the import of the said Circular in a proper manher, nor it examined the • effect of Sections

CIT vs. ESCORTS HEART INSTITUTE AND RESEARCH CENTRE LTD

The appeals of the Revenue are dismissed and those

disallowed under Section 37(1) of .the Act. 16. Mr. Sahni further argued that the Tribunal placed reliance upon Circular No.762 dated 18^'' February, 1998 explaining the tax asjDect relating to keyman insurance policy was not appropriate' and the Tribunal neither-appreciated the import of the said Circular in a proper manher, nor it examined the • effect of Sections

HERO MOTO CORP LTD.,NEW DELHI vs. NEAC, DELHI

Bench: Shri Kul Bharat & Shri Prashant Maharishi(Through Video Conferencing)

section 80-IC of the Act in respect of interest income earned by eligible unit on loans given to employees/vendors 17. That the assessing officer erred on facts and in law in 17. disallowing

HERO MOTOCORP LIMITED,NEW DELHI vs. JCIT, NEW DELHI

In the result appeal of the assessee in ITA No

Bench: Sh. I. C. Sudhir & Shri Prashant Maharishihero Motocorp Limited, Jcit, 34, Basant Lok, Vasant Range-1, New Delhi Vs. Vihar, New Delhi Pan: Aaach0812J (Appellant) (Respondent) Dcit, M/S. Hero Moto Corp. Circle-11(1), Ltd., 34, Community Vs. New Delhi Centre, Basant Lok, Vasant Vihar, New Delhi-110057 (Appellant) (Respondent) Dcit, M/S. Hero Moto Corp. Circle-11(1), Ltd., 34, Community

17 of 484 under section 1941, instead of section 194C of the Act applied by the assessee. 17.2 Without prejudice, that on the facts and circumstances of the case, the assessing officer failed to appreciate that an expenditure cannot be disallowed

CIT vs. NARESH TREHAN

The appeals of the Revenue are dismissed and those

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

disallowed under Section 37(t) of the Act. 16. Mr. Sahni further argued that the Tribunal placed reliance upon Circular No,762 dated lBth February, 1998 explaining the tax aspect relating to keyman insurance policy was not appropriate and the Tribunal neither appreciated the import of the said Circular in a proper manner, nor it examined the effect of Sections

ACIT, NEW DELHI vs. M/S. PTC INDIA FINANCIAL SERVICES LTD., NEW DELHI

In the result, the appeals of the assessee for AY 2013-14 and 2014-15

Bench: Shri N.K. Billaiya & Ms. Astha Chandraasstt. Year 2013-14 & Asstt. Year 2014-15

17. Dissatisfied, the assessee is in appeal before the Tribunal. 18. The Ld. AR submitted that the Ld. AO made impugned disallowance holding that deduction under section