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39 results for “disallowance”+ Section 197Aclear

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Key Topics

Section 14742 Section 69A42 Section 14A42 Section 4037 Addition to Income26 Section 201(1)18 Section 194H16 Disallowance15 Section 13214 Search & Seizure

NORTH EASTERN CARRYING CORPORATION LTD.,NEW DELHI vs. ACIT, CIRCLE- 18(2), NEW DELHI

In the result, the appeal of the assessee is allowed

ITA 5964/DEL/2017[2013-14]Status: DisposedITAT Delhi23 Sept 2021AY 2013-14

Bench: Shri O.P. Kant & Shri Amarjit Singh[Through Video Conferencing] Assessment Year: 2013-14

Section 143(3)Section 2Section 40

disallowing the same, the AO relied upon the Notification no. 56/2012 dated 31.12.2012 issued under section 197A (IF) of the Act. Sub-section

DCIT, NEW DELHI vs. M/S. PETRONET LNG LTD., NEW DELHI

Appeal of the assessee is allowed

ITA 4902/DEL/2015[2009-10]Status: DisposedITAT Delhi18 Mar 2021

Showing 1–20 of 39 · Page 1 of 2

14

AY 2009-10

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

For Appellant: Sh. Vishal Kalra, AdvFor Respondent: Sh. H. K. Choudhary, CIT DR

Section 14ASection 234C

disallowance u/s 40(a)(ia) on the ground that no TDS was deducted on the guarantee commission paid to the bank. 64. During the year the assessee had incurred a sum of Rs.18,68,005/- towards charges for issuing bank guarantee. ITA Nos. 5230, 5231 & 5232/Del/2015 & Petronet LNG Ltd. 65. The AO quoted notification of the CBDT dated 31.12.2012. Further

DCIT, NEW DELHI vs. M/S. PETRONET LNG LTD., NEW DELHI

Appeal of the assessee is allowed

ITA 4903/DEL/2015[2010-11]Status: DisposedITAT Delhi18 Mar 2021AY 2010-11

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

For Appellant: Sh. Vishal Kalra, AdvFor Respondent: Sh. H. K. Choudhary, CIT DR

Section 14ASection 234C

disallowance u/s 40(a)(ia) on the ground that no TDS was deducted on the guarantee commission paid to the bank. 64. During the year the assessee had incurred a sum of Rs.18,68,005/- towards charges for issuing bank guarantee. ITA Nos. 5230, 5231 & 5232/Del/2015 & Petronet LNG Ltd. 65. The AO quoted notification of the CBDT dated 31.12.2012. Further

PETRONET LNG LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

Appeal of the assessee is allowed

ITA 5231/DEL/2015[2010-11]Status: DisposedITAT Delhi18 Mar 2021AY 2010-11

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

For Appellant: Sh. Vishal Kalra, AdvFor Respondent: Sh. H. K. Choudhary, CIT DR

Section 14ASection 234C

disallowance u/s 40(a)(ia) on the ground that no TDS was deducted on the guarantee commission paid to the bank. 64. During the year the assessee had incurred a sum of Rs.18,68,005/- towards charges for issuing bank guarantee. ITA Nos. 5230, 5231 & 5232/Del/2015 & Petronet LNG Ltd. 65. The AO quoted notification of the CBDT dated 31.12.2012. Further

PETRONET LNG LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

Appeal of the assessee is allowed

ITA 5230/DEL/2015[2009-10]Status: DisposedITAT Delhi18 Mar 2021AY 2009-10

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

For Appellant: Sh. Vishal Kalra, AdvFor Respondent: Sh. H. K. Choudhary, CIT DR

Section 14ASection 234C

disallowance u/s 40(a)(ia) on the ground that no TDS was deducted on the guarantee commission paid to the bank. 64. During the year the assessee had incurred a sum of Rs.18,68,005/- towards charges for issuing bank guarantee. ITA Nos. 5230, 5231 & 5232/Del/2015 & Petronet LNG Ltd. 65. The AO quoted notification of the CBDT dated 31.12.2012. Further

DCIT, NEW DELHI vs. M/S. PETRONET LNG LTD., NEW DELHI

Appeal of the assessee is allowed

ITA 4904/DEL/2015[2011-12]Status: DisposedITAT Delhi18 Mar 2021AY 2011-12

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

For Appellant: Sh. Vishal Kalra, AdvFor Respondent: Sh. H. K. Choudhary, CIT DR

Section 14ASection 234C

disallowance u/s 40(a)(ia) on the ground that no TDS was deducted on the guarantee commission paid to the bank. 64. During the year the assessee had incurred a sum of Rs.18,68,005/- towards charges for issuing bank guarantee. ITA Nos. 5230, 5231 & 5232/Del/2015 & Petronet LNG Ltd. 65. The AO quoted notification of the CBDT dated 31.12.2012. Further

PETRONET LNG LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

Appeal of the assessee is allowed

ITA 5232/DEL/2015[2011-12]Status: DisposedITAT Delhi18 Mar 2021AY 2011-12

Bench: Sh. Sudhanshu Srivastavadr. B. R. R. Kumar(Through Video Conferencing) Ita No. 5230/Del/2015 : Asstt. Year : 2009-10 Ita No. 5231/Del/2015 : Asstt. Year : 2010-11 Ita No. 5232/Del/2015 : Asstt. Year : 2011-12 Petronet Lng Ltd., Vs Deputy Commissioner Of First Floor, World Trade Centre, Income Tax, Circle-19(2), Babar Road, Barakhamba Lane, New Delhi New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Ita No. 4902/Del/2015 : Asstt. Year : 2009-10 Ita No. 4903/Del/2015 : Asstt. Year : 2010-11 Ita No. 4904/Del/2015 : Asstt. Year : 2011-12 Deputy Commissioner Of Vs Petronet Lng Ltd., Income Tax, Circle-19(2), First Floor, World Trade Centre, New Delhi Babar Road, Barakhamba Lane, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp8148D Assessee By : Sh. Vishal Kalra, Adv. Revenue By : Sh. H. K. Choudhary, Cit Dr Date Of Hearing: 27.01.2021 Date Of Pronouncement: 18.03.2021

For Appellant: Sh. Vishal Kalra, AdvFor Respondent: Sh. H. K. Choudhary, CIT DR

Section 14ASection 234C

disallowance u/s 40(a)(ia) on the ground that no TDS was deducted on the guarantee commission paid to the bank. 64. During the year the assessee had incurred a sum of Rs.18,68,005/- towards charges for issuing bank guarantee. ITA Nos. 5230, 5231 & 5232/Del/2015 & Petronet LNG Ltd. 65. The AO quoted notification of the CBDT dated 31.12.2012. Further

NATIONAL COOPERATIVE DEVELOPMENT CORPORATION,NEW DELHI vs. DCIT, CIRCLE- 17(2), NEW DELHI

In the result, appeal filed by assessee is allowed

ITA 4309/DEL/2017[2013-14]Status: DisposedITAT Delhi04 Dec 2019AY 2013-14

Bench: Shri H.S. Sidhu & Shri Anadee Nath Misshra

For Appellant: Shri K.V.S.R. Krishna, CAFor Respondent: Ms. Rakhi Vimal, Sr. DR

Section 143(3)Section 197ASection 40Section 40a

disallowed, as no TDS has been deducted on the same. Ld. AO placed * reliance on CBDT notification No: 56/2012, to reach to the conclusion that certain specified payments such as payment to institution, Association or body or class of institution, associations or bodies as may be notified by Central . ’Government in the official Gazette, was not required to deduct

M/S. MOET HENNESSY INDIA PVT. LTD.,MUMBAI vs. ACIT, SPECIAL RANGE-6, NEW DELHI

ITA 5004/DEL/2017[2013-14]Status: DisposedITAT Delhi24 Apr 2019AY 2013-14

Bench: Shri R.K. Panda & Shri Kuldip Singh

For Appellant: Shri Sumit Mangal, AdvocateFor Respondent: Ms. Pramita M. Biswas, CIT DR

Section 250Section 40A

disallowed by following the Notification No.56/2012 dated 31.12.2012. For ready perusal, aforesaid Notification is extracted as under :- “NOTIFICATION NO. SO 3069(E) [NO.56/2012 (F. NO.27 SECTION 197A

MOET HENNESSY INDIA PVT. LTD.,MUMBAI vs. ACIT, SPECIAL RANGE-6, NEW DELHI

ITA 5003/DEL/2017[2012-13]Status: DisposedITAT Delhi24 Apr 2019AY 2012-13

Bench: Shri R.K. Panda & Shri Kuldip Singh

For Appellant: Shri Sumit Mangal, AdvocateFor Respondent: Ms. Pramita M. Biswas, CIT DR

Section 250Section 40A

disallowed by following the Notification No.56/2012 dated 31.12.2012. For ready perusal, aforesaid Notification is extracted as under :- “NOTIFICATION NO. SO 3069(E) [NO.56/2012 (F. NO.27 SECTION 197A

M/S. NKC PROJECTS (P) LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, appeal of the assessee is allowed

ITA 2939/DEL/2017[2013-14]Status: DisposedITAT Delhi19 Nov 2019AY 2013-14

Bench: Shri R.K. Panda & Shri K.Narasimha Charyassessment Year: 2013-14 M/S. Nkc Projects (P) Ltd., Vs Dy. Commissioner Of Income Tax, C-3/438A, Ground Floor, Circle – 18(2), Janakpuri, New Delhi New Delhi – 110 058. Applicant Respondent

Section 194ASection 194HSection 197ASection 2Section 40

disallowed under section 40(a)(ia) of the Act on account of non-deduction of tax at source on bank guarantee charges and the same was added to the income of the assessee. 3 4. Assessee preferred appeal to the Ld. CIT(A). Ld. CIT(A) by way of impugned order held that the scheme of notification of payments under

DCIT, CIRCLE-9(1), NEW DELHI vs. FABINDIA OVERSEAS PVT. LTD., NEW DELHI

In the result, the appeal of the assessee is partly allowed and that of the Revenue is dismissed

ITA 8288/DEL/2019[2013-14]Status: DisposedITAT Delhi31 Jul 2023AY 2013-14

Bench: Sh. Kul Bharatdr. B. R. R. Kumar

For Appellant: Sh. Rajan Bhatia, Adv. &For Respondent: Sh. Mrinal Kumar Das, Sr. DR

Section 197ASection 234CSection 32Section 40Section 48

section 197A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that no deduction of tax under Chapter XVII of the said Act shall be made on the payments of the nature specified below, in case such payment is made by a person to a bank listed in the Second Schedule to the Reserve Bank

FABINDIA OVERSEAS PVT. LTD.,NEW DELHI vs. JOINT CIT SPECIAL RANGE-3, NEW DELHI

In the result, the appeal of the assessee is partly allowed and that of the Revenue is dismissed

ITA 7980/DEL/2019[2013-14]Status: DisposedITAT Delhi31 Jul 2023AY 2013-14

Bench: Sh. Kul Bharatdr. B. R. R. Kumar

For Appellant: Sh. Rajan Bhatia, Adv. &For Respondent: Sh. Mrinal Kumar Das, Sr. DR

Section 197ASection 234CSection 32Section 40Section 48

section 197A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that no deduction of tax under Chapter XVII of the said Act shall be made on the payments of the nature specified below, in case such payment is made by a person to a bank listed in the Second Schedule to the Reserve Bank

NUBERG ENGINEERING LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result this issue is decided in favour of the assessee

ITA 382/DEL/2017[2012-13]Status: DisposedITAT Delhi15 May 2020AY 2012-13

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishi

For Appellant: Shri Vinay Jain, CAFor Respondent: Ms. Rakhi Vimal, Sr. DR

Section 143Section 194HSection 201Section 40

section 197A inserted by the finance act 2012 with effect from 1/7/2012. According to the assessing officer as it has come into effect from 1 January 2013 and for assessment year 2012 – 13 there was no exemption provided. According to him, assessee should have deducted tax at source on bank guarantee commission fee of ₹ 6 457657/– and therefore he disallowed

NUBERG ENGINEERING LTD.,NEW DELHI vs. DCIT, CIRCLE- 18(2), NEW DELHI

In the result this issue is decided in favour of the assessee

ITA 4219/DEL/2017[2013-14]Status: DisposedITAT Delhi15 May 2020AY 2013-14

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishi

For Appellant: Shri Vinay Jain, CAFor Respondent: Ms. Rakhi Vimal, Sr. DR

Section 143Section 194HSection 201Section 40

section 197A inserted by the finance act 2012 with effect from 1/7/2012. According to the assessing officer as it has come into effect from 1 January 2013 and for assessment year 2012 – 13 there was no exemption provided. According to him, assessee should have deducted tax at source on bank guarantee commission fee of ₹ 6 457657/– and therefore he disallowed

M/S. MAKEMYTRIP (INDIA) PRIVATE LIMITED,GURGAON vs. ADDL.CIT, NEW DELHI

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

ITA 4721/DEL/2014[2009-10]Status: DisposedITAT Delhi26 Sept 2017AY 2009-10

Bench: Shri Bhavnesh Saini & Shri L. P. Sahu.

For Appellant: Shri Tarandeep Singh, C. AFor Respondent: Ms. Renu Amitabh, CIT [DR]

Section 194HSection 195Section 40

disallowed the payment gateway charges paid to the bank by treating the same as commission under section 194H of the Act. During the course of assessment proceedings the assessee also filed the ‘NIL’ with-holding tax certificate under section 195 of the Act with respect to payments received by American Express and Citi Bank. The assessee submitted that the payment

JCIT (OSD) CIRCLE- 16(2), NEW DELHI vs. MAYAR HEALTH RESORTS PVT. LTD., NEW DELHI

In the result, the appeals of the assessee are partly allowed and the appeal of the Revenue is partly allowed

ITA 3548/DEL/2018[2011-12]Status: DisposedITAT Delhi29 Jul 2024AY 2011-12

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

For Appellant: Sh. Raghav Sharma, CA &For Respondent: Sh. Anshul, Sr. DR

Section 143(3)Section 145(2)Section 145(3)Section 209Section 35D(2)(c)

Section 14A, ad- hoc disallowance, depreciation stands covered by the above order. Non-deduction of TDS on transaction charges levied by the bank on credit card transactions: Notification No. 56/2012 - CBDT 23. To Mitigate Compliance Burden on Businesses Held by Individuals, Firms or Corporate Etc. who are Using the Financial Services Offered by Banks, the Central Board of Direct Taxes

MAYAR HEALTH RESORTS LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeals of the assessee are partly allowed and the appeal of the Revenue is partly allowed

ITA 5109/DEL/2012[2008-09]Status: DisposedITAT Delhi29 Jul 2024AY 2008-09

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

For Appellant: Sh. Raghav Sharma, CA &For Respondent: Sh. Anshul, Sr. DR

Section 143(3)Section 145(2)Section 145(3)Section 209Section 35D(2)(c)

Section 14A, ad- hoc disallowance, depreciation stands covered by the above order. Non-deduction of TDS on transaction charges levied by the bank on credit card transactions: Notification No. 56/2012 - CBDT 23. To Mitigate Compliance Burden on Businesses Held by Individuals, Firms or Corporate Etc. who are Using the Financial Services Offered by Banks, the Central Board of Direct Taxes

MAYAR HEALTH RESORTS LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeals of the assessee are partly allowed and the appeal of the Revenue is partly allowed

ITA 6228/DEL/2013[2009-10]Status: DisposedITAT Delhi29 Jul 2024AY 2009-10

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

For Appellant: Sh. Raghav Sharma, CA &For Respondent: Sh. Anshul, Sr. DR

Section 143(3)Section 145(2)Section 145(3)Section 209Section 35D(2)(c)

Section 14A, ad- hoc disallowance, depreciation stands covered by the above order. Non-deduction of TDS on transaction charges levied by the bank on credit card transactions: Notification No. 56/2012 - CBDT 23. To Mitigate Compliance Burden on Businesses Held by Individuals, Firms or Corporate Etc. who are Using the Financial Services Offered by Banks, the Central Board of Direct Taxes

MAYAR HEALTH RESORTS LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeals of the assessee are partly allowed and the appeal of the Revenue is partly allowed

ITA 326/DEL/2015[2010-11]Status: DisposedITAT Delhi29 Jul 2024AY 2010-11

Bench: Dr. B. R. R. Kumar, Sh. Sudhir Kumar

For Appellant: Sh. Raghav Sharma, CA &For Respondent: Sh. Anshul, Sr. DR

Section 143(3)Section 145(2)Section 145(3)Section 209Section 35D(2)(c)

Section 14A, ad- hoc disallowance, depreciation stands covered by the above order. Non-deduction of TDS on transaction charges levied by the bank on credit card transactions: Notification No. 56/2012 - CBDT 23. To Mitigate Compliance Burden on Businesses Held by Individuals, Firms or Corporate Etc. who are Using the Financial Services Offered by Banks, the Central Board of Direct Taxes