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 r.w. Rule 8D. After reducing therefrom suo-moto disallowance of Rs.36,50,000/-, the Ld. AO disallowed Rs.1,16,97,590/-. 31.2 On appeal, the Ld. CIT(A) held that the impugned disallowance of Rs. 1,53,47

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 r.w. Rule 8D. After reducing therefrom suo-moto disallowance of Rs.36,50,000/-, the Ld. AO disallowed Rs.1,16,97,590/-. 31.2 On appeal, the Ld. CIT(A) held that the impugned disallowance of Rs. 1,53,47

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 r.w. Rule 8D. After reducing therefrom suo-moto disallowance of Rs.36,50,000/-, the Ld. AO disallowed Rs.1,16,97,590/-. 31.2 On appeal, the Ld. CIT(A) held that the impugned disallowance of Rs. 1,53,47

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 115JB falling under Chapter XII-B of the Act. Covered in favour of the assessee by order passed by the IT ATfor AY 2015- 16 It would further be appreciated that similar addition made by the assessing officer in the assessment year, viz., AY 2015-16 was deleted by the Tribunal vide recent order dated 14.04.2021 by relying

TELETUBE ELECTRONICS LTD

The appeal of the Assessee is allowed

47) (vi) read with Explanation 1 thereto of the Act which defines 'transfer' and read it along with the definition of 'immovable property' under 269 UA (d) (i) and (ii) of the Act and the word 'transfer' in Section 269 UA (f) (i). He submitted that inasmuch as the lease was for a period of less than twelve years, there

TELETUBE ELECTRONICS LTD

The appeal of the Assessee is allowed

47) (vi) read with Explanation 1 thereto of the Act which defines 'transfer' and read it along with the definition of 'immovable property' under 269 UA (d) (i) and (ii) of the Act and the word 'transfer' in Section 269 UA (f) (i). He submitted that inasmuch as the lease was for a period of less than twelve years, there

TECHNOLOGIES LTD) vs. ACIT

Appeals are allowed

47,200/-, it claimed a deduction of the aforementioned lease rent i.e. Rs. 77,98,042/-, as revenue expenditure. 5.4. The AO, vide order dated 30.12.2010, passed under Section 143(3) of the Act, assessed the appellant/assessee‟s taxable income at Rs. 36,28,88,570/-, and while doing so, he disallowed

TECHNOLOGIES LTD) vs. ACIT

Appeals are allowed

47,200/-, it claimed a deduction of the aforementioned lease rent i.e. Rs. 77,98,042/-, as revenue expenditure. 5.4. The AO, vide order dated 30.12.2010, passed under Section 143(3) of the Act, assessed the appellant/assessee‟s taxable income at Rs. 36,28,88,570/-, and while doing so, he disallowed

TECHNOLOGIES LTD) vs. ACIT

Appeals are allowed

47,200/-, it claimed a deduction of the aforementioned lease rent i.e. Rs. 77,98,042/-, as revenue expenditure. 5.4. The AO, vide order dated 30.12.2010, passed under Section 143(3) of the Act, assessed the appellant/assessee‟s taxable income at Rs. 36,28,88,570/-, and while doing so, he disallowed

UFLEX LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 27, NEW DELHI

In the result, appeals of the assessee for AY 2011-12 and subsequent

Bench: N.K. Billaiya & Ms. Astha Chandra

section 115JB of the Act 5. The appellant craves leave to add, to alter, delete, modify or vary the above grounds of appeal at or before the time of the hearing.” AY 2012-13 - Revenue “1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in law and on facts in holding that

ACIT, CENTRAL CIRCLE- 27, NEW DELHI vs. UFLEX LTD., NEW DELHI

In the result, appeals of the assessee for AY 2011-12 and subsequent

Bench: N.K. Billaiya & Ms. Astha Chandra

section 115JB of the Act 5. The appellant craves leave to add, to alter, delete, modify or vary the above grounds of appeal at or before the time of the hearing.” AY 2012-13 - Revenue “1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in law and on facts in holding that

ACIT, CENTRAL CIRCLE- 27, NEW DELHI vs. UFLEX LTD., NEW DELHI

In the result, appeals of the assessee for AY 2011-12 and subsequent

Bench: N.K. Billaiya & Ms. Astha Chandra

section 115JB of the Act 5. The appellant craves leave to add, to alter, delete, modify or vary the above grounds of appeal at or before the time of the hearing.” AY 2012-13 - Revenue “1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in law and on facts in holding that

ACIT, CENTRAL CIRCLE- 27, NEW DELHI vs. UFLEX LTD., NEW DELHI

In the result, appeals of the assessee for AY 2011-12 and subsequent

Bench: N.K. Billaiya & Ms. Astha Chandra

section 115JB of the Act 5. The appellant craves leave to add, to alter, delete, modify or vary the above grounds of appeal at or before the time of the hearing.” AY 2012-13 - Revenue “1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in law and on facts in holding that

ACIT, CENTRAL CIRCLE- 27, NEW DELHI vs. UFLEX LTD., NEW DELHI

In the result, appeals of the assessee for AY 2011-12 and subsequent

Bench: N.K. Billaiya & Ms. Astha Chandra

section 115JB of the Act 5. The appellant craves leave to add, to alter, delete, modify or vary the above grounds of appeal at or before the time of the hearing.” AY 2012-13 - Revenue “1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in law and on facts in holding that

UFLEX LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 27, NEW DELHI

In the result, appeals of the assessee for AY 2011-12 and subsequent

Bench: N.K. Billaiya & Ms. Astha Chandra

section 115JB of the Act 5. The appellant craves leave to add, to alter, delete, modify or vary the above grounds of appeal at or before the time of the hearing.” AY 2012-13 - Revenue “1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in law and on facts in holding that

UFLEX LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 27, NEW DELHI

In the result, appeals of the assessee for AY 2011-12 and subsequent

Bench: N.K. Billaiya & Ms. Astha Chandra

section 115JB of the Act 5. The appellant craves leave to add, to alter, delete, modify or vary the above grounds of appeal at or before the time of the hearing.” AY 2012-13 - Revenue “1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in law and on facts in holding that

UFLEX LTD.,NEW DELHI vs. ACIT, CENTRAL CIRCLE- 27, NEW DELHI

In the result, appeals of the assessee for AY 2011-12 and subsequent

Bench: N.K. Billaiya & Ms. Astha Chandra

section 115JB of the Act 5. The appellant craves leave to add, to alter, delete, modify or vary the above grounds of appeal at or before the time of the hearing.” AY 2012-13 - Revenue “1. On the facts and in the circumstances of the case, the Ld. CIT(A) has erred in law and on facts in holding that

MARUTI SUZUKI INDIA LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeal of the Revenue in ITA No

Bench: Shri Shamim Yahya & Shri Kul Bharat[Assessment Year : 2010-11] Maruti Suzuki India Ltd., Vs Dcit, Plot No.1, Nelson Mandela Road, Circle-16(1), Vasant Kunj, New Delhi-110070. New Delhi. Pan-Aaacm0829Q Appellant Respondent [Assessment Year : 2010-11] Dcit, Vs Maruti Suzuki India Ltd., Circle-16(1), Plot No.1, Nelson Mandela Road, New Delhi. Vasant Kunj, New Delhi-110070. Pan-Aaacm0829Q Appellant Respondent Appellant By Shri Ajay Vohra, Sr.Adv., Shri Neeraj Jain, Adv. & Ms. Tejasvi Jain & Ms. Somya Jain, Ca Respondent By Shri G.C.Srivastava, Adv., Shri Kalrav Mehrotra, Adv. & Shri Mayank Patawari, Ca Date Of Hearing 11.11.2022 Date Of Pronouncement 09.02.2023

section 36(1)(iii) of the Act in its P&L Account. The AO is required to examine and after considering the accounts of the assessee whether any interest income related to earning of exempt income has been claimed by the assessee in the P&L Account for the purpose of disallowance u/s 14A of the Act. In the present