CIT vs. KRIBHCO

80P(2)(d) of the Act and, therefore, has to be disallowed under Section 14A. 5. The assessee succeeded in the first appeal and before the tribunal. We may notice that in the first appeal, the assessee had raised several contentions on merits as to the quantum of disallowance of the expenditure under the head “interest” and had pointed

GREAT EASTERN EXPORTS vs. ASSISTANT COMMISSIONER OF INCOME TAX

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

F deals with the income from other sources. Remaining Part A and Part C dealing with income from salaries and from house property respectively. Part B of Chapter IV which dealt with the income from interest on securities has since been deleted. Part D of ITA 267 OF 2008, ITA 1316 OF 2008, ITA 4 OF 2009, Page

M/S THE ORIENTAL INSSURANCE CO.LTD.,,NEW DELHI vs. DCIT, NEW DELHI

Bench: Shri Anil Chaturvedi & Shri Anubhav Sharmam/S. The Oriental Insurance Co. Ltd, Vs. The Dcit, A 25/27, Asaf Ali Road, Ltu, New Delhi New Delhi-110002 (Appellant) (Respondent) Pan: Aaact0627R

f) Provision for Standard Assets - Rs. 2,94,82,474/- 3. The Id. Assessing Officer has made an addition of a sum of Rs. 10,27,94,88,259/- on account of gains from transfer of long term capital asset being equity shares on which STT has been levied which was claimed as exempt

PR.COMMISSIONER OF INCOME TAX-6 vs. NATIONAL HOUSING BANK

Bench: HON'BLE MR. JUSTICE SANJIV KHANNA,HON'BLE MR. JUSTICE CHANDER SHEKHAR

80P; (e) "housing finance company" means a public company formed or registered in India with the main object of carrying on the business of providing long-term finance for construction or purchase of houses in India for residential purposes; (f) "public company" shall have the meaning assigned to it in section 3 of the Companies

PR.COMMISSIONER OF INCOME TAX -6 vs. NATIONAL HOUSING BANK

Bench: HON'BLE MR. JUSTICE SANJIV KHANNA,HON'BLE MR. JUSTICE CHANDER SHEKHAR

80P; (e) "housing finance company" means a public company formed or registered in India with the main object of carrying on the business of providing long-term finance for construction or purchase of houses in India for residential purposes; (f) "public company" shall have the meaning assigned to it in section 3 of the Companies

PR. COMMISSIONER OF INCOME TAX-6 vs. NATIONAL HOUSING BANK

Bench: HON'BLE MR. JUSTICE SANJIV KHANNA,HON'BLE MR. JUSTICE CHANDER SHEKHAR

80P; (e) "housing finance company" means a public company formed or registered in India with the main object of carrying on the business of providing long-term finance for construction or purchase of houses in India for residential purposes; (f) "public company" shall have the meaning assigned to it in section 3 of the Companies

PR.COMMISSIONER OF INCOME TAX-6 vs. NATIONAL HOUSING BANK

Bench: HON'BLE MR. JUSTICE SANJIV KHANNA,HON'BLE MR. JUSTICE CHANDER SHEKHAR

80P; (e) "housing finance company" means a public company formed or registered in India with the main object of carrying on the business of providing long-term finance for construction or purchase of houses in India for residential purposes; (f) "public company" shall have the meaning assigned to it in section 3 of the Companies

PR. COMMISSIONER OF INCOME TAX -6 vs. NATIONAL HOUSING BANK

Bench: HON'BLE MR. JUSTICE SANJIV KHANNA,HON'BLE MR. JUSTICE CHANDER SHEKHAR

80P; (e) "housing finance company" means a public company formed or registered in India with the main object of carrying on the business of providing long-term finance for construction or purchase of houses in India for residential purposes; (f) "public company" shall have the meaning assigned to it in section 3 of the Companies

ACIT CIRCLE-54(1), NEW DELHI vs. NATIONAL AGRICULTURAL COOPERATIVE MARKETING FEDERATION OF INDIA, NEW DELHI

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

House, Siddhartha Ld. Departmental Representative. Enclave, Ashram Chowk, New SPM Civic Centre, Delhi New Delhi PAN No. AAAAN4629F ( APPELLANT ) ( RESPONDENT ) Assessee by : Sh. Herin Mehta, CA, Sh. Nirbhey Metha, Adv Department by: Ms. Sarita Kumari, CIT DR Date of Hearing 07.06.2023 Date of Pronouncement 09 .08.2023 ORDER PER YOGESH KUMAR U.S., JM These four appeals are filed by the revenue

NATIONAL AGRICULTURAL COOPERATIVE MARKETING FEDERATION OF INDIA,NEW DELHI vs. ACIT CIRCLE-32(1), NEW DELHI

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

House, Siddhartha Ld. Departmental Representative. Enclave, Ashram Chowk, New SPM Civic Centre, Delhi New Delhi PAN No. AAAAN4629F ( APPELLANT ) ( RESPONDENT ) Assessee by : Sh. Herin Mehta, CA, Sh. Nirbhey Metha, Adv Department by: Ms. Sarita Kumari, CIT DR Date of Hearing 07.06.2023 Date of Pronouncement 09 .08.2023 ORDER PER YOGESH KUMAR U.S., JM These four appeals are filed by the revenue

ACIT CIRCLE-54(1), NEW DELHI vs. NATIONAL AGRICULTURAL COOPERATIVE MARKETING FEDERATION OF INDIA, NEW DELHI

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

House, Siddhartha Ld. Departmental Representative. Enclave, Ashram Chowk, New SPM Civic Centre, Delhi New Delhi PAN No. AAAAN4629F ( APPELLANT ) ( RESPONDENT ) Assessee by : Sh. Herin Mehta, CA, Sh. Nirbhey Metha, Adv Department by: Ms. Sarita Kumari, CIT DR Date of Hearing 07.06.2023 Date of Pronouncement 09 .08.2023 ORDER PER YOGESH KUMAR U.S., JM These four appeals are filed by the revenue

ACIT CIRCLE-54(1), NEW DELHI vs. NATIONAL AGRICULTURAL COOPERATIVE MARKETING FEDERATION OF INDIA, NEW DELHI

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

House, Siddhartha Ld. Departmental Representative. Enclave, Ashram Chowk, New SPM Civic Centre, Delhi New Delhi PAN No. AAAAN4629F ( APPELLANT ) ( RESPONDENT ) Assessee by : Sh. Herin Mehta, CA, Sh. Nirbhey Metha, Adv Department by: Ms. Sarita Kumari, CIT DR Date of Hearing 07.06.2023 Date of Pronouncement 09 .08.2023 ORDER PER YOGESH KUMAR U.S., JM These four appeals are filed by the revenue

DCIT, NEW DELHI vs. M/S. PUNJAB NATIONAL BANK, NEW DELHI

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

Bench: Sh. Bhavnesh Sainidr. B. R. R. Kumarita No. 2954/Del/2012 : Asstt. Year : 2013-14 Dcit, Vs M/S Punjab National Bank, Circle-20(1), Ho: Finance Division, 5, Sansad New Delhi Marg, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp0165G

House Property". The income from other sources represents income received from venture capital funds which is shown as "Income from Other Sources" in accordance with the ITA Nos. 2954 & 3041/Del/2017 38 Punjab National Bank treatment given in venture capital funds on account of specific provisions of the Act. These do not therefore cease to be business income of the assessee

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

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

Bench: Sh. Bhavnesh Sainidr. B. R. R. Kumarita No. 2954/Del/2012 : Asstt. Year : 2013-14 Dcit, Vs M/S Punjab National Bank, Circle-20(1), Ho: Finance Division, 5, Sansad New Delhi Marg, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp0165G

House Property". The income from other sources represents income received from venture capital funds which is shown as "Income from Other Sources" in accordance with the ITA Nos. 2954 & 3041/Del/2017 38 Punjab National Bank treatment given in venture capital funds on account of specific provisions of the Act. These do not therefore cease to be business income of the assessee