CIT vs. KRIBHCO

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment year beginning on or before the 1st day of April, 2001. xxxx 80-A. Deductions to be made in computing total income.—(1) In computing the total income

COMMISSIONER OF INCOME TAX

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment year beginning on or before the 1st day of April, 2001. xxxx 80-A. Deductions to be made in computing total income.—(1) In computing the total income

SARA SERVICES & ENGINEERS PVT. LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, the appeals of the Revenue are dismissed and those of the assessee are partly allowed for statistical purposes in the manner as indicated above

Bench: Shri Chandra Mohan Garg & Shri L.P. Sahu

reassessment order, the assessee preferred appeal before the ld. CIT(A) wherein the ld. CIT(A) upheld the validity of reopening of assessment and allowed the entire amount of commission and also accepted the assessee’s claim with respect of ITA Nos. 408 to 410 & 545 to 547 M/s Sara Services & Engineers P. Ltd computation of deduction u/s 80HHC with

RANBAXY LABORATORIES LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

In the result, we direct the AO to reduce the book profit u/s 115JB of the Act by the amount of reversal of the provision of Rs

Bench: Sh. I. C.Sudhir Judicialmember & Sh. Prashant Maharishia.Y.: - 2008-09 Ranbaxy Laboratories Ltd. Vs Acit 12Th Floor, Devika Tower, Range -15 6, Nehru Place New Delhi New Delhi Pan No. Aaacr0127N (Appellant) (Respondent)

Section (2) to Section 14A of the Act and sub Rule (1) to Rule 8D of the Rules. 14. The view and legal ratio expressed above is not being elucidated for the first time. The Delhi High Court in Maxopp Investment Ltd. v. CIT [2012] 347 ITR 272/203 Taxman 364/15 taxmann.com 390 has observed:- 'Scope of sub-sections