DCIT, NEW DELHI vs. M/S. BHARAT SANCHAR NIGAM LTD., NEW DELHI

The appeals of the assessee are allowed

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaay: 2005-06 Ay: 2009-10

section 115JB regarding provision for bad and doubtful debts (amount set aside towards provision of diminution in the value of assets) was not in the Statute and, therefore, we do not see any infirmity in the order passed by the Ld. CIT (A) on this issue and decline to interfere. Accordingly, drawing support from the order passed by ITAT Delhi

ACIT, NEW DELHI vs. M/S. BHARAT SANCHAR NIGAM LTD., NEW DELHI

The appeals of the assessee are allowed

Bench: Shri S.V. Mehrotra & Shri Sudhanshu Srivastavaay: 2005-06 Ay: 2009-10

section 115JB regarding provision for bad and doubtful debts (amount set aside towards provision of diminution in the value of assets) was not in the Statute and, therefore, we do not see any infirmity in the order passed by the Ld. CIT (A) on this issue and decline to interfere. Accordingly, drawing support from the order passed by ITAT Delhi

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

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

disallowance of deduction under section 80-IC to the extent of Rs.2,05,97,466 on account of interest income earned by the eligible unit on loan given at subsidized rates to the employees and loan given for providing working capital loan to vendors. Re: Non-allowance of depreciation on iease-hold rights in land 21. That the assessing officer

AWP ASSISTANCE (INDIA) PVT. LTD.,GURGAON vs. DCIT, CIRCLE- 1(1), GURGAON

In the result, the appeal of the assessee is allowed

Bench: Shri G.S. Pannu & Shri Kul Bharatassessment Year : 2013-14 Awp Assistance (India) Pvt. Ltd., Dcit, 1St Floor, Dlf Square, M-Block, Vs Circle-1(1), Jacaranda Marg, Dlf City, Gurgaon. Phase-Ii, Gurgaon-122002. Pan-Aafcm1460J Appellant Respondent Appellant By Sh. Salil Kapoor, Adv. & Ms. Saumya Singh, Adv. Respondent By Sh. Ashok Gautam, Sr. Dr Date Of Hearing 31.03.2021 Date Of Pronouncement 08.04.2021

disallowed purely on the ground that the amendment to section 244A sub-section (a) & (aa) of the Act was made w.e.f. 01.06.2016 since the present appeal pertains to the Assessment Year 2013-14. Therefore, the amended provisions of section 244A of the Act could not be made applicable for the year under appeal. 9. We have perused the judgement

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

In the result, -Appeal in ITA No

Bench: Dr. B. R. R. Kumar & Shri Yogesh Kumar U.S.

244A of the Act. 2.2. I.T.A. No. 5202/DEL/2017 (A.Y. 2012-13) (Revenue) 1. That on facts and circumstances of the case and in law, the Ld. CIT(A) has erred in restricting the disallowance made u/s 14A r.w. rule 8D upto the dividend received. 2. That on facts and circumstances of the case

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

In the result, -Appeal in ITA No

Bench: Dr. B. R. R. Kumar & Shri Yogesh Kumar U.S.

244A of the Act. 2.2. I.T.A. No. 5202/DEL/2017 (A.Y. 2012-13) (Revenue) 1. That on facts and circumstances of the case and in law, the Ld. CIT(A) has erred in restricting the disallowance made u/s 14A r.w. rule 8D upto the dividend received. 2. That on facts and circumstances of the case

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

In the result, -Appeal in ITA No

Bench: Dr. B. R. R. Kumar & Shri Yogesh Kumar U.S.

244A of the Act. 2.2. I.T.A. No. 5202/DEL/2017 (A.Y. 2012-13) (Revenue) 1. That on facts and circumstances of the case and in law, the Ld. CIT(A) has erred in restricting the disallowance made u/s 14A r.w. rule 8D upto the dividend received. 2. That on facts and circumstances of the case

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

In the result, -Appeal in ITA No

Bench: Dr. B. R. R. Kumar & Shri Yogesh Kumar U.S.

244A of the Act. 2.2. I.T.A. No. 5202/DEL/2017 (A.Y. 2012-13) (Revenue) 1. That on facts and circumstances of the case and in law, the Ld. CIT(A) has erred in restricting the disallowance made u/s 14A r.w. rule 8D upto the dividend received. 2. That on facts and circumstances of the case

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

In the result, -Appeal in ITA No

Bench: Dr. B. R. R. Kumar & Shri Yogesh Kumar U.S.

244A of the Act. 2.2. I.T.A. No. 5202/DEL/2017 (A.Y. 2012-13) (Revenue) 1. That on facts and circumstances of the case and in law, the Ld. CIT(A) has erred in restricting the disallowance made u/s 14A r.w. rule 8D upto the dividend received. 2. That on facts and circumstances of the case

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

In the result, -Appeal in ITA No

Bench: Dr. B. R. R. Kumar & Shri Yogesh Kumar U.S.

244A of the Act. 2.2. I.T.A. No. 5202/DEL/2017 (A.Y. 2012-13) (Revenue) 1. That on facts and circumstances of the case and in law, the Ld. CIT(A) has erred in restricting the disallowance made u/s 14A r.w. rule 8D upto the dividend received. 2. That on facts and circumstances of the case

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

In the result, -Appeal in ITA No

Bench: Dr. B. R. R. Kumar & Shri Yogesh Kumar U.S.

244A of the Act. 2.2. I.T.A. No. 5202/DEL/2017 (A.Y. 2012-13) (Revenue) 1. That on facts and circumstances of the case and in law, the Ld. CIT(A) has erred in restricting the disallowance made u/s 14A r.w. rule 8D upto the dividend received. 2. That on facts and circumstances of the case

PR. COMMISSIONER OF INCOME TAX -7 vs. SUMITOMO CORPORATION INDIA (P) LTD.

Bench: HON'BLE MR. JUSTICE YASHWANT VARMA,HON'BLE MR. JUSTICE RAVINDER DUDEJA

disallowances. On 07 April and 28 July 2021, the petitioner was served with notices under Section 92CA intimating it of a reference having been made to the TPO. The TPO issued a show cause notice on 03 September 2021 apprising the writ petitioner of various adjustments which were proposed to be made. Since the additions proposed would have been binding

THE PR. COMMISSIONER OF INCOME TAX -6 vs. MARUTI SUZUKI INDIA LTD.

Bench: HON'BLE MR. JUSTICE VIPIN SANGHI,HON'BLE MR. JUSTICE SANJEEV NARULA

disallowances. On 07 April and 28 July 2021, the petitioner was served with notices under Section 92CA intimating it of a reference having been made to the TPO. The TPO issued a show cause notice on 03 September 2021 apprising the writ petitioner of various adjustments which were proposed to be made. Since the additions proposed would have been binding

THE PR. COMMISSIONER OF INCOME TAX -6 vs. MICROSOFT INDIA ( R & D) PVT. LTD.

Bench: HON'BLE MR. JUSTICE VIPIN SANGHI,HON'BLE MR. JUSTICE SANJEEV NARULA

disallowances. On 07 April and 28 July 2021, the petitioner was served with notices under Section 92CA intimating it of a reference having been made to the TPO. The TPO issued a show cause notice on 03 September 2021 apprising the writ petitioner of various adjustments which were proposed to be made. Since the additions proposed would have been binding

MUFG BANK LTD,NEW DELHI vs. ACIT (INTERNATIONAL TAXATION) CIRCLE-2(2)(1), NEW DELHI

In the result appeal of the assessee is partly allowed

Bench: Shri Amit Shukla & Shri Prashant Maharishi(Through Video Conferencing) Mufg Bank Ltd, Vs. Acit (International Taxation), 5Th Floor, Worldmark 2, Asset 8, Circle-2(2)(1), Aerocity, Nh-8, New Delhi New Delhi Pan: Aabct3880D (Appellant) (Respondent)

disallowing a sum of INR 2,25,21,366 under section 14A of the Act read with Rule 8D of the Income-tax Rules („Rules‟) on account of exempt interest income from PTCs earned by the Appellant. 3.2 That on the facts and in the circumstances of the case and in law, the Hon‟ble DRP and Id. AO erred

CIT vs. ENGINEERS INDIA LTD

In the result, the appeal is

2. Though the appellant had also raised questions in respect of deletion of the amount of ₹69 Lacs which had been added by the AO by invoking Section 14A read with Rule 8D of the Income Tax Rules, the appeal to that extent was not entertained as the calculation of disallowance under Section 14A was found covered by the ruling

GE MONEY FINANCIAL SERVICES PVT. LTD.,DELHI vs. DCIT, NEW DELHI

In the result ground, no

Bench: Shri A.T.Varkey & Shri Prashant Maharishi

disallowances confirmed by the Hon'ble DRP. G. Withdrawal of Interest granted under section 244A of the Act 7 On the facts and circumstances of the case and in law, the Ld. AO erred in withdrawing interest of Rs,2

GE MONEY FINANCIAL SERVICES PVT. LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result ground, no

Bench: Shri A.T.Varkey & Shri Prashant Maharishi

disallowances confirmed by the Hon'ble DRP. G. Withdrawal of Interest granted under section 244A of the Act 7 On the facts and circumstances of the case and in law, the Ld. AO erred in withdrawing interest of Rs,2