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

disallowed the PBDD (Provision for Bad & Doubtful Debts) on the grounds that the assessee has failed to fill the correct and true figures of PBDD which 9 M/s Sarva UP Gramin Bank was not done by the assessee. The matter was taken up to appeal by the assessee before the Ld. CIT(A). 6. Before

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

via) of sub-section (1) of section 36 applies, the amount of deduction in respect of the bad debts actually written off under ITA No.1581 & Ors./Del/2017 16 ITA No. 1199 & Ors./Del/2018 Oriental Bank of Commerce clause (vii) of sub¬section (1) of section 36 shall be limited to the amount by which such bad debts exceeds the credit

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

via) of sub-section (1) of section 36 applies, the amount of deduction in respect of the bad debts actually written off under ITA No.1581 & Ors./Del/2017 16 ITA No. 1199 & Ors./Del/2018 Oriental Bank of Commerce clause (vii) of sub¬section (1) of section 36 shall be limited to the amount by which such bad debts exceeds the credit

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

via) of sub-section (1) of section 36 applies, the amount of deduction in respect of the bad debts actually written off under ITA No.1581 & Ors./Del/2017 16 ITA No. 1199 & Ors./Del/2018 Oriental Bank of Commerce clause (vii) of sub¬section (1) of section 36 shall be limited to the amount by which such bad debts exceeds the credit

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

via) of sub-section (1) of section 36 applies, the amount of deduction in respect of the bad debts actually written off under ITA No.1581 & Ors./Del/2017 16 ITA No. 1199 & Ors./Del/2018 Oriental Bank of Commerce clause (vii) of sub¬section (1) of section 36 shall be limited to the amount by which such bad debts exceeds the credit

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

via) of sub-section (1) of section 36 applies, the amount of deduction in respect of the bad debts actually written off under ITA No.1581 & Ors./Del/2017 16 ITA No. 1199 & Ors./Del/2018 Oriental Bank of Commerce clause (vii) of sub¬section (1) of section 36 shall be limited to the amount by which such bad debts exceeds the credit

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

via) of sub-section (1) of section 36 applies, the amount of deduction in respect of the bad debts actually written off under ITA No.1581 & Ors./Del/2017 16 ITA No. 1199 & Ors./Del/2018 Oriental Bank of Commerce clause (vii) of sub¬section (1) of section 36 shall be limited to the amount by which such bad debts exceeds the credit

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

via) of sub-section (1) of section 36 applies, the amount of deduction in respect of the bad debts actually written off under ITA No.1581 & Ors./Del/2017 16 ITA No. 1199 & Ors./Del/2018 Oriental Bank of Commerce clause (vii) of sub¬section (1) of section 36 shall be limited to the amount by which such bad debts exceeds the credit

JCIT(OSD), RANGE-10, NEW DELHI , C.R. BUILDING ITO 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

section, the long\nterm finance means any loan where the terms under which the moneys are\nloaned or advanced provide for repayment along with interest thereof\nduring a period of not less than 5 years. Further observed that as per above\ndefinition, the money should be payable during a period of not less than 5\nyears, therefore, wherever the money

REC LIMITED,NEW DELHI vs. ACIT-10 (OSD), DELHI, NEW DELHI

section, the long\nterm finance means any loan where the terms under which the moneys are\nloaned or advanced provide for repayment along with interest thereof\nduring a period of not less than 5 years. Further observed that as per above\ndefinition, the money should be payable during a period of not less than 5\nyears, therefore, wherever the money

REC LIMITED,NEW DELHI vs. ACIT-10 (OSD), DELHI, NEW DELHI

section, the long\nterm finance means any loan where the terms under which the moneys are\nloaned or advanced provide for repayment along with interest thereof\nduring a period of not less than 5 years. Further observed that as per above\ndefinition, the money should be payable during a period of not less than 5\nyears, therefore, wherever the money

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

section, the long\nterm finance means any loan where the terms under which the moneys are\nloaned or advanced provide for repayment along with interest thereof\nduring a period of not less than 5 years. Further observed that as per above\ndefinition, the money should be payable during a period of not less than 5\nyears, therefore, wherever the money

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 27 | P a g e AT & T Global Network Services (India) Pvt Ltd V DCIT ITA No 2538/Del/2014 (A) & ITA NO 2518/Del/2014 (D) A Y 2009-10 36(1)(iii) is not applicable in the facts of the present case. Hence, the above finding would squarely apply to the present ground also. In the result the said ground

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

section, the long\nterm finance means any loan where the terms under which the moneys are\nloaned or advanced provide for repayment along with interest thereof\nduring a period of not less than 5 years. Further observed that as per above\ndefinition, the money should be payable during a period of not less than 5\nyears, therefore, wherever the money

POONAM SABHARWAL,DELHI vs. ITO WARD-28(5), DELHI

In the result, the appeal of the assessee for A

Bench: Shri C.N. Prasad & Shri Naveen Chandra

disallowance of employees' contribution to PF/ESIC for breach of condition under Section 36(1)(va) is in controversy. 9.1 We notice at the outset that an opportunity was given via

POONAM SABHARWAL,DELHI vs. ITO WARD-28(5), DELHI

In the result, the appeal of the assessee for A

Bench: Shri C.N. Prasad & Shri Naveen Chandra

disallowance of employees' contribution to PF/ESIC for breach of condition under Section 36(1)(va) is in controversy. 9.1 We notice at the outset that an opportunity was given via

THE KANGRA CO-OPERATIVE BANK LTD.,NEW DELHI vs. JCIT, NEW DELHI

In the result, the appeal filed in ITA No

disallowed the bad debts written off of Rs. 20,24,842/- on the ground that the amount of deduction claimed and allowed under the provisions of Section 36(1)(viia) of the Act for bad and doubtful debts of Rs. 38,00,870/- is more than the bad debts claimed and also on the ground that the bad debts claimed

THE KANGRA CO-OPERATIVE BANK LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, the appeal filed in ITA No

disallowed the bad debts written off of Rs. 20,24,842/- on the ground that the amount of deduction claimed and allowed under the provisions of Section 36(1)(viia) of the Act for bad and doubtful debts of Rs. 38,00,870/- is more than the bad debts claimed and also on the ground that the bad debts claimed