GREAT EASTERN EXPORTS vs. ASSISTANT COMMISSIONER OF INCOME TAX

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

80B (5) of the Act ?” 7. The Court answered the question in the negative and in favour of the assessee holding that the two provisions are independent and deductions under Section 80-I is not be allowed on the balance of income after deducting the relief under Section 80 HH from the gross total income. The Court traced the history

M/S. A K CAPITAL MARKETS LTD.,NEW DELHI vs. DCIT, NEW DELHI

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

Bench: Sh. N. K. Sainiita No. 6859/Del/2014 : Asstt. Year : 2006-07 A. K. Capital Markets Ltd., Vs Dcit, Central Circle-2, 609, 6Th Floor, Antriksh Bhawan, 22, New Delhi Kasturba Gandhi Marg, Connaught Place, New Delhi-110001 (Appellant) (Respondent) Pan No. Aadca9960D Assessee By : Sh. Ved Jain, Adv. Revenue By : Sh. Sarabhjit Singh, Dr Date Of Hearing : 16.09.2015 Date Of Pronouncement : 04.12.2015 Order

house property”, “Capital gains” and “Income from other sources”. Now, ordinarily income which arises from one source which falls under the head of profits and gains of business or profession can be set off against the loss which arises from another source under the same head. Sub Section (1) of Section 73 however sets up a bar to the setting

DABUR INDIA LIMITED vs. COMMISSIONER OF INCOME TAX,

The appeals are dismissed

Bench: We Consider The Submissions Made In Support Of The Appeal The Following Facts Require To Be Noted:- 2.1 The Assessee Is In The Business Of Manufacturing Herbal Products & Cosmetics. On 30.11.2000 Assessee Filed Its Return For Assessment Year 2000-01 Wherein, It Declared An Income Of Rs 12,15,25,093/-. On 10.5.2001 The Return Was Processed Under Section 143(1)(A) Of The Act As The Returned Income. However, Notices Were Issued Under Section 143(2) Of The Act. 2.2 In Response To The Aforesaid Notices, Hearing Was Attended By An Authorized Representative Before The Assessing Officer. 2008:Dhc:2521

house property (D) – Profits and gains of business or profession (E) – Capital gains (F)- Income from other sources. 9.4 In the instant case, we are concerned with “profits and gains of business or profession”. Section 28 of the Act provides that, amongst others, income from “profits and gains of business or profession” which was carried on by the assessee during

CIT vs. KRIBHCO

house property”, “profits and gains of business and professions”, “capital gains” and “income from other sources”. Then comes Section 14A, which we will be examining later on. Chapter IV consists of Sections 14 to 59 and deals with computation/quantification under separate heads of income mentioned in Section 14. Chapter V of the Act deals with income of other persons, which

COMMISSIONER OF INCOME TAX

house property”, “profits and gains of business and professions”, “capital gains” and “income from other sources”. Then comes Section 14A, which we will be examining later on. Chapter IV consists of Sections 14 to 59 and deals with computation/quantification under separate heads of income mentioned in Section 14. Chapter V of the Act deals with income of other persons, which

CIT vs. TEI TECHNOLOGIES PVT LTD

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

80B (5) which defines “gross total income” as the total income computed in ITA Nos.347/2011 & 2067/2010 Page 17 of 32 accordance with the provisions of the Act before making any deduction under Chapter VIA. The expression “total income” is defined in Section 2 (45) of the Act to mean the total amount of income referred to in Section 5, computed

CIT vs. TEI TECHNOLOGIES PVT LTD

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

80B (5) which defines “gross total income” as the total income computed in ITA Nos.347/2011 & 2067/2010 Page 17 of 32 accordance with the provisions of the Act before making any deduction under Chapter VIA. The expression “total income” is defined in Section 2 (45) of the Act to mean the total amount of income referred to in Section 5, computed

JAI BHIKSHU CREDIT AND HOLDING LTD.,,NEW DELHI vs. DCIT, NEW DELHI

The appeal of the assessee are allowed

Bench: Smt Beena A Pillai & Shri Prashant Maharishijai Bhikshu Credit & Holding Vs. Dcit, Ltd, F-591, Sarita Vihar, Circle-13(1), New Delhi New Delhi Pan: Aaacj0774F (Appellant) (Respondent)

5. The issue involved in the present appeal is whether the appellant's case falls in the excluded category under Explanation to section 73. As per the Explanation to section 73, substituted by the Finance Act, 1987 with effect from 1-4-1988, which was applicable for the assessment year under appeal, the investment companies were not as such excluded

ADDL.CIT, SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

80B of the Act: 6. In Ground No.1 of ITA No.5920/Del/2019, ITA No.184/Del/2019 and ITA No.4737/Del/2019, for the A.Y 2011-12, 2014-15 and 2015-16 respectively, the department of Revenue contended that the learned CIT (Appeals) erred in deleting the disallowance of advance excise and deposit under Section 43B of the Act on liquor trade made by the Assessing

ADDI. CIT SPL. RANGE-3, NEW DELHI vs. DELHI TOURISM & TRANSPORTATION DEVELOPMENT CORPORATION LTD. , NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

80B of the Act: 6. In Ground No.1 of ITA No.5920/Del/2019, ITA No.184/Del/2019 and ITA No.4737/Del/2019, for the A.Y 2011-12, 2014-15 and 2015-16 respectively, the department of Revenue contended that the learned CIT (Appeals) erred in deleting the disallowance of advance excise and deposit under Section 43B of the Act on liquor trade made by the Assessing

DELHI TOURISM & TRANSPORTATION DEVELOPMENT CORPORATION LTD. ,NEW DELHI vs. DCIT CIRCLE-10(1), NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

80B of the Act: 6. In Ground No.1 of ITA No.5920/Del/2019, ITA No.184/Del/2019 and ITA No.4737/Del/2019, for the A.Y 2011-12, 2014-15 and 2015-16 respectively, the department of Revenue contended that the learned CIT (Appeals) erred in deleting the disallowance of advance excise and deposit under Section 43B of the Act on liquor trade made by the Assessing

ACIT SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM & TRANSPORTATION DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

80B of the Act: 6. In Ground No.1 of ITA No.5920/Del/2019, ITA No.184/Del/2019 and ITA No.4737/Del/2019, for the A.Y 2011-12, 2014-15 and 2015-16 respectively, the department of Revenue contended that the learned CIT (Appeals) erred in deleting the disallowance of advance excise and deposit under Section 43B of the Act on liquor trade made by the Assessing

ADDL.CIT, SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

80B of the Act: 6. In Ground No.1 of ITA No.5920/Del/2019, ITA No.184/Del/2019 and ITA No.4737/Del/2019, for the A.Y 2011-12, 2014-15 and 2015-16 respectively, the department of Revenue contended that the learned CIT (Appeals) erred in deleting the disallowance of advance excise and deposit under Section 43B of the Act on liquor trade made by the Assessing

ADDL.CIT, SPECIAL RANGE-3, NEW DELHI vs. DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD., NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

80B of the Act: 6. In Ground No.1 of ITA No.5920/Del/2019, ITA No.184/Del/2019 and ITA No.4737/Del/2019, for the A.Y 2011-12, 2014-15 and 2015-16 respectively, the department of Revenue contended that the learned CIT (Appeals) erred in deleting the disallowance of advance excise and deposit under Section 43B of the Act on liquor trade made by the Assessing

DELHI TOURISM TRANSPORTATION AND DEVELOPMENT CORPORATION LTD.,NEW DELHI vs. ADDL.CIT, SPECIAL RANGE-3, NEW DELHI

In the result, Appeal filed by the Department in ITA No

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

80B of the Act: 6. In Ground No.1 of ITA No.5920/Del/2019, ITA No.184/Del/2019 and ITA No.4737/Del/2019, for the A.Y 2011-12, 2014-15 and 2015-16 respectively, the department of Revenue contended that the learned CIT (Appeals) erred in deleting the disallowance of advance excise and deposit under Section 43B of the Act on liquor trade made by the Assessing

ACIT, NEW DELHI vs. M/S NIIT TECHNOLOGIES LTD.,, NEW DELHI

In the result, both the appeals of the assessee are partly allowed and the appeal of Revenue for assessment year 2007-08

Bench: Shri Bhavnesh Saini & Shri O.P. Kant

houses the section like 80-HHC 80-IA.etc. The Parliament was aware of the various restriction and limiting provisions like section 8OA and section 80AB which Was in Chapter VI-A which do not appear in Chapter-III. The fact that even after its recast the relief has be-en retained in Chapter 11/ indicates that the intention of Parliament

ACIT, NEW DELHI vs. M/S NIIT TECHNOLOGIES LTD.,, NEW DELHI

In the result, both the appeals of the assessee are partly allowed and the appeal of Revenue for assessment year 2007-08

Bench: Shri Bhavnesh Saini & Shri O.P. Kant

houses the section like 80-HHC 80-IA.etc. The Parliament was aware of the various restriction and limiting provisions like section 8OA and section 80AB which Was in Chapter VI-A which do not appear in Chapter-III. The fact that even after its recast the relief has be-en retained in Chapter 11/ indicates that the intention of Parliament

NIIT TECHNOLOGIES LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, both the appeals of the assessee are partly allowed and the appeal of Revenue for assessment year 2007-08

Bench: Shri Bhavnesh Saini & Shri O.P. Kant

houses the section like 80-HHC 80-IA.etc. The Parliament was aware of the various restriction and limiting provisions like section 8OA and section 80AB which Was in Chapter VI-A which do not appear in Chapter-III. The fact that even after its recast the relief has be-en retained in Chapter 11/ indicates that the intention of Parliament