ACIT, CIRCLE 10(2), NEW DELHI vs. GREEN INFRA WIND FARM ASSET LTD., GURGAON

In the result, both captioned appeals of the Revenue are dismissed

disallowed interest expenses under Section 36(1)(iii) and made another disallowance under Section 37(1) on the grounds that

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

section 14A and computed disallowance under Rule 8D(2)(iii) at Rs.1,53,47,590/- as the appellant had disclosed dividend income (exempt) of Rs. 30,32,862/- The AO computed the disallowance by taking 0.5% of average value investment as per Rule 8D(2)(iii), and after allowing credit of Rs. 36,50,000/- disallowed by 24 PTC India

ADDL. CIT, SPECIAL RANGE- 7, NEW DELHI vs. 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

section 14A and computed disallowance under Rule 8D(2)(iii) at Rs.1,53,47,590/- as the appellant had disclosed dividend income (exempt) of Rs. 30,32,862/- The AO computed the disallowance by taking 0.5% of average value investment as per Rule 8D(2)(iii), and after allowing credit of Rs. 36,50,000/- disallowed by 24 PTC India

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

section 14A and computed disallowance under Rule 8D(2)(iii) at Rs.1,53,47,590/- as the appellant had disclosed dividend income (exempt) of Rs. 30,32,862/- The AO computed the disallowance by taking 0.5% of average value investment as per Rule 8D(2)(iii), and after allowing credit of Rs. 36,50,000/- disallowed by 24 PTC India

PTC INDIA FINANCIAL SERVICES LTD.,NEW DELHI vs. DCIT, CIRCLE- 19(2), 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

section 14A and computed disallowance under Rule 8D(2)(iii) at Rs.1,53,47,590/- as the appellant had disclosed dividend income (exempt) of Rs. 30,32,862/- The AO computed the disallowance by taking 0.5% of average value investment as per Rule 8D(2)(iii), and after allowing credit of Rs. 36,50,000/- disallowed by 24 PTC India

ACIT, MEERUT vs. M/S. SARVA UP GRAMIN BANK, MEERUT

In the result, the appeal of the Revenue is dismissed

Bench: Sh. Bhavnesh Saini & Dr. B. R. R. Kumar

disallowance vide the impugned order dated August 4, 2003. 3. Mr. Akshay Bhan, learned counsel for the appellant, submitted that originally the assessee had filed its return of Income for the assessment year 1985-86 on September 27, 1995, wherein deduction under Section 36(1)(viia) of the Act had been claimed at Rs. 1,19,36,000 which

SMT. DEEPTI AGARWAL,NEW DELHI vs. ACIT, NEW DELHI

In the result, the appeal filed by the assessees is partly allowed

Bench: Shri R.K. Panda & Shri Kuldip Singhassessment Year: 2011-12 Deepti Agarwal, Vs Acit, C/O M/S Pra Taxindia, Circle-53(1), D-28, South Extension, Part-I, New Delhi. New Delhi. Pan: Aampa0573C (Appellant) (Respondent) Assessee By : Shri Rakesh Gupta & Shri Somil Aggarwal, Advocates Revenue By : Ms Ashima Neb, Sr. Dr Date Of Hearing : 17.07.2019 Date Of Pronouncement : 25.07.2019 Order Per R.K. Panda, Am: This Appeal Filed By The Assessee Is Directed Against The Order Dated 18Th July, 2016 Of The Cit(A)-18, New Delhi, Relating To Assessment Year 2011-12. 2. The Grounds Of Appeal No.1 & 2 Raised By The Assessee Read As Under:-

section 36(1)(iii). Even in assessment year 2008-09, although the Assessing Officer has made disallowance under section 36

ITO, NEW DELHI vs. M/S. MENORA DEVELOPERS & INFRASTRUCTURE PVT. LTD., NEW DELHI

In the result appeal of the assessee as well as of the revenue are dismissed

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishiito, Vs. Menora Developers & Ward-16(4), Infrastructure Pvt. Ltd, Room No. 304, Cr Building, A-60, Naraina Industrial Ip Estate, New Delhi Area-I, New Delhi Pan: Aafcm9587Q (Appellant) (Respondent) Menora Developers & Vs. Ito, Infrastructure Pvt. Ltd, Ward-16(4), A-60, Naraina Industrial Area-I, Room No. 304, Cr Building, New Delhi Ip Estate, New Delhi Pan: Aafcm9587Q (Appellant) (Respondent)

36(1)(iii) of the Act can be made. 9. He further submitted a written note reiterating the above submission as under:- “Submission before the Hon’ble ITAT. on the issue of disallowance of interest expense:- In order to examine this issue of disallowance of interest expense, it would be necessary to make an analysis of the ingredients of Section

M/S. MENORA DEVELOPERS & INFRASTRUCTURES PVT. LTD.,,NEW DELHI vs. ITO, NEW DELHI

In the result appeal of the assessee as well as of the revenue are dismissed

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishiito, Vs. Menora Developers & Ward-16(4), Infrastructure Pvt. Ltd, Room No. 304, Cr Building, A-60, Naraina Industrial Ip Estate, New Delhi Area-I, New Delhi Pan: Aafcm9587Q (Appellant) (Respondent) Menora Developers & Vs. Ito, Infrastructure Pvt. Ltd, Ward-16(4), A-60, Naraina Industrial Area-I, Room No. 304, Cr Building, New Delhi Ip Estate, New Delhi Pan: Aafcm9587Q (Appellant) (Respondent)

36(1)(iii) of the Act can be made. 9. He further submitted a written note reiterating the above submission as under:- “Submission before the Hon’ble ITAT. on the issue of disallowance of interest expense:- In order to examine this issue of disallowance of interest expense, it would be necessary to make an analysis of the ingredients of Section

M/S. AT & T GLOBAL NETWORK SERVICES (INDIA) PVT. LTD.,GURGAON vs. DCIT, NEW DELHI

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

Bench: Shri I.C.Sudhir & Shri Prashant Maharishiat & T Global Network Services Dcit, (India) Pvt Ltd., Circle-2(1), Vs. Vatika Lok-1, Block-A, Gurgaon New Delhi Pan:Aafca8810L (Appellant) (Respondent) Dcit, At & T Global Network Services Circle-2(1), (India) Pvt Ltd., Vs. New Delhi Vatika Lok-1, Block-A, Gurgaon Pan:Aafca8810L (Appellant) (Respondent)

section 36(1) (‗iii) of the Act. This is due to the proviso to clause 36(1) (iii) which was inserted by the Finance Act, 2003, with effect from 1.4.2004. Ld. Commissioner of Income Tax (Appeals) observed that the object of the proviso is to disallow

NATIONAL HOUSING BANK,NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result ground No. 8 of the appeal of the assessee is allowed with above direction

Bench: Shri Kuldip Singh & Shri Prashant Maharishinational Housing Bank, Addl Cit, Core-5A, India Habitat Centre, Range-31(1), Vs. Lodhi Road, New Delhi New Delhi (Appellant) (Respondent) National Housing Bank, Addl Cit, Core-5A, India Habitat Centre, Range-31(1), Lodhi Road, New Delhi Vs. New Delhi (Appellant) (Respondent) National Housing Bank, Addl Cit, Core-5A, India Habitat Centre, Range-31(1), Vs. Lodhi Road, New Delhi New Delhi (Appellant) (Respondent) National Housing Bank, Addl Cit, Core-5A, India Habitat Centre, Range-31(1), Vs. Lodhi Road, New Delhi New Delhi (Appellant) (Respondent) Page 2 Of 50 National Housing Bank, Addl Cit, Core-5A, India Habitat Centre, Range-31(1), Vs. Lodhi Road, New Delhi New Delhi (Appellant) (Respondent) National Housing Bank, Addl Cit, Core-5A, India Habitat Centre, Range-31(1), Vs. Lodhi Road, New Delhi New Delhi (Appellant) (Respondent)

iii) The deduction u/s 36(1)(viii) is available for long term finance only. It means the loans and advances given for purchase or construction of house having repayment period of 5 years or more than 5 years. Since NHB refinancing the housing loans to various other housing finance institutions and banks, thus, in the case of NHB, it cannot

JCIT(OSD), RANGE-10, NEW DELHI , ITO C.R. BUILDING vs. RURAL ELECTRIFICATION CORPORATION LTD. , KASTURBA NAGAR

In the result, appeals filed by the revenue in the AY 2020-21 and AY\n2021-22 are dismissed

disallowed by stating that\nprocessing fee is not derived from LT\nfinancing. Issue pending in the present\n151141174\n151141174 appeal.\n201819\ni\n201920\ni\nfinancing. Issue pending in the present\n295224202.2\n295224202.2 appeal.\ne\n202021\n554198049\n0\nNo addition on said issue by Ld. AO in the\nAssessment Order passed dated 28.09.2022\nt\n202122\n641301896.5\n0\nNo addition on said

HALDIA COKE AND CHEMICALS PVT. LTD.,CHENNAI vs. DCIT CIRCLE 11(1), NEW DELHI

In the result, the appeal filed by the assessee is allowed for statistical purposes only

Bench: Shri C.M. Garg & Dr. B.R.R. Kumarassessment Year: 2015-16 Haldia Code & Chemicals Pvt. Ltd., Vs. Dcit, No.18/3, Sigapi Achi Building, Circle-11(1), 4Th Floor, Rukmini Lakshmipathi Road, New Delhi. Egmore, Chennai, Tamilnadu – 600 004. Pan: Aabch5389P (Appellant) (Respondent) Assessee By : Shri R. Sivaraman, Advocate Revenue By : Shri Anuj Garg, Sr. Dr Date Of Hearing : 08.02.2023 Date Of Pronouncement : 13.02.2023 Order

disallowance should not be done under section 14A of the Income-tax Act, 1961 (for short ‘the Act’) and without prejudice to the above, justify the interest payment u/s 36(1)(iii

ORIENTAL BANK OF COMMERCE,GURGAON vs. ADDL. CIT, NEW DELHI

In the result, the appeals of the assessee are allowed and the appeals of the Revenue are dismissed

Bench: Sh. A. D. Jain, Vice-Dr. B. R. R. Kumarita No. 1581/Del/2017 : Asstt. Year : 2012-13 Ita No. 1582/Del/2017 : Asstt. Year : 2013-14 Ita No. 1583/Del/2017 : Asstt. Year : 2014-15 Ita No. 1199/Del/2018 : Asstt. Year : 2015-16 Oriental Bank Of Commerce, Vs Addl. Cit, Central Accounts Office, Plot No. 5, Range-13 (Present Range-19) Sector-32, Institutional Area, New Delhi Gurgaon-122001 Dcit/Acit, Circle-19(1), New Delhi (Appellant) (Respondent) Pan No. Aaaco0191M

36, New Delhi dated 31.01.2017 and in ITA Nos.1199 & 1812/Del/2018 filed by the assessee and the Revenue against the orders of ld. CIT(A)-20, New Delhi dated 29.12.2017. ITA No. 1581/Del/2017 (G.No.1) (Assessee) ITA No. 1582/Del/2017 (G.No.1) (Assessee) ITA No. 1583/Del/2017 (G.No.1) (Assessee) ITA No. 1199/Del/2018 (G.No.1) (Assessee) ITA No. 2173/Del/2017 (G.No.1) (Department

ORIENTAL BANK OF COMMERCE,GURGAON vs. DCIT, NEW DELHI

In the result, the appeals of the assessee are allowed and the appeals of the Revenue are dismissed

Bench: Sh. A. D. Jain, Vice-Dr. B. R. R. Kumarita No. 1581/Del/2017 : Asstt. Year : 2012-13 Ita No. 1582/Del/2017 : Asstt. Year : 2013-14 Ita No. 1583/Del/2017 : Asstt. Year : 2014-15 Ita No. 1199/Del/2018 : Asstt. Year : 2015-16 Oriental Bank Of Commerce, Vs Addl. Cit, Central Accounts Office, Plot No. 5, Range-13 (Present Range-19) Sector-32, Institutional Area, New Delhi Gurgaon-122001 Dcit/Acit, Circle-19(1), New Delhi (Appellant) (Respondent) Pan No. Aaaco0191M

36, New Delhi dated 31.01.2017 and in ITA Nos.1199 & 1812/Del/2018 filed by the assessee and the Revenue against the orders of ld. CIT(A)-20, New Delhi dated 29.12.2017. ITA No. 1581/Del/2017 (G.No.1) (Assessee) ITA No. 1582/Del/2017 (G.No.1) (Assessee) ITA No. 1583/Del/2017 (G.No.1) (Assessee) ITA No. 1199/Del/2018 (G.No.1) (Assessee) ITA No. 2173/Del/2017 (G.No.1) (Department

ORIENTAL BANK OF COMMERCE,GURGAON vs. DCIT, NEW DELHI

In the result, the appeals of the assessee are allowed and the appeals of the Revenue are dismissed

Bench: Sh. A. D. Jain, Vice-Dr. B. R. R. Kumarita No. 1581/Del/2017 : Asstt. Year : 2012-13 Ita No. 1582/Del/2017 : Asstt. Year : 2013-14 Ita No. 1583/Del/2017 : Asstt. Year : 2014-15 Ita No. 1199/Del/2018 : Asstt. Year : 2015-16 Oriental Bank Of Commerce, Vs Addl. Cit, Central Accounts Office, Plot No. 5, Range-13 (Present Range-19) Sector-32, Institutional Area, New Delhi Gurgaon-122001 Dcit/Acit, Circle-19(1), New Delhi (Appellant) (Respondent) Pan No. Aaaco0191M

36, New Delhi dated 31.01.2017 and in ITA Nos.1199 & 1812/Del/2018 filed by the assessee and the Revenue against the orders of ld. CIT(A)-20, New Delhi dated 29.12.2017. ITA No. 1581/Del/2017 (G.No.1) (Assessee) ITA No. 1582/Del/2017 (G.No.1) (Assessee) ITA No. 1583/Del/2017 (G.No.1) (Assessee) ITA No. 1199/Del/2018 (G.No.1) (Assessee) ITA No. 2173/Del/2017 (G.No.1) (Department

ACIT, NEW DELHI vs. M/S. ORIENTAL BANK OF COMMERCE, GURGAON

In the result, the appeals of the assessee are allowed and the appeals of the Revenue are dismissed

Bench: Sh. A. D. Jain, Vice-Dr. B. R. R. Kumarita No. 1581/Del/2017 : Asstt. Year : 2012-13 Ita No. 1582/Del/2017 : Asstt. Year : 2013-14 Ita No. 1583/Del/2017 : Asstt. Year : 2014-15 Ita No. 1199/Del/2018 : Asstt. Year : 2015-16 Oriental Bank Of Commerce, Vs Addl. Cit, Central Accounts Office, Plot No. 5, Range-13 (Present Range-19) Sector-32, Institutional Area, New Delhi Gurgaon-122001 Dcit/Acit, Circle-19(1), New Delhi (Appellant) (Respondent) Pan No. Aaaco0191M

36, New Delhi dated 31.01.2017 and in ITA Nos.1199 & 1812/Del/2018 filed by the assessee and the Revenue against the orders of ld. CIT(A)-20, New Delhi dated 29.12.2017. ITA No. 1581/Del/2017 (G.No.1) (Assessee) ITA No. 1582/Del/2017 (G.No.1) (Assessee) ITA No. 1583/Del/2017 (G.No.1) (Assessee) ITA No. 1199/Del/2018 (G.No.1) (Assessee) ITA No. 2173/Del/2017 (G.No.1) (Department

ACIT, CIRCLE- 19(1), NEW DELHI vs. ORIENTAL BANK OF COMMERCE, GURGAON

In the result, the appeals of the assessee are allowed and the appeals of the Revenue are dismissed

Bench: Sh. A. D. Jain, Vice-Dr. B. R. R. Kumarita No. 1581/Del/2017 : Asstt. Year : 2012-13 Ita No. 1582/Del/2017 : Asstt. Year : 2013-14 Ita No. 1583/Del/2017 : Asstt. Year : 2014-15 Ita No. 1199/Del/2018 : Asstt. Year : 2015-16 Oriental Bank Of Commerce, Vs Addl. Cit, Central Accounts Office, Plot No. 5, Range-13 (Present Range-19) Sector-32, Institutional Area, New Delhi Gurgaon-122001 Dcit/Acit, Circle-19(1), New Delhi (Appellant) (Respondent) Pan No. Aaaco0191M

36, New Delhi dated 31.01.2017 and in ITA Nos.1199 & 1812/Del/2018 filed by the assessee and the Revenue against the orders of ld. CIT(A)-20, New Delhi dated 29.12.2017. ITA No. 1581/Del/2017 (G.No.1) (Assessee) ITA No. 1582/Del/2017 (G.No.1) (Assessee) ITA No. 1583/Del/2017 (G.No.1) (Assessee) ITA No. 1199/Del/2018 (G.No.1) (Assessee) ITA No. 2173/Del/2017 (G.No.1) (Department