BharatTax.net
SearchITATHigh CourtsSupreme CourtPhrasesAI ResearchHistory

Filters

BharatTax.net

Free search engine for ITAT (Income Tax Appellate Tribunal) judgments across all 28 benches in India.

Quick Links

  • Search Judgments
  • Browse by Bench
  • Recent Judgments

About

BharatTax provides free access to Income Tax Appellate Tribunal orders for legal research and reference.

© 2026 BharatTax.net. All rights reserved.

9 results for “disallowance”+ Section 56(2)(viib)clear

Sorted by relevance

Mumbai122Delhi82Bangalore25Kolkata23Chennai19Ahmedabad17Jaipur14Indore10Hyderabad9Raipur9Visakhapatnam6Chandigarh6Cuttack5Pune4Jodhpur4Surat3Amritsar3Dehradun2Nagpur2Cochin1Lucknow1Rajkot1SC1Karnataka1Agra1

Key Topics

Section 56(2)(viib)10Section 569Section 2638Section 14A7Addition to Income7Section 142(1)5Section 685Section 271(1)(c)5Section 143(3)4Disallowance

ASST. COMMISSIONER OF INCOME TAX, CIRCLE-10(1), HYDERABAD vs. VERTEX PROJECTS LLP (FORMERLY M/S VERTEX PROJECTS LTD) , HYDERABAD

In the result, the appeal of Revenue is partly allowed for statistical purposes

ITA 1187/HYD/2018[2014-15]Status: DisposedITAT Hyderabad28 Apr 2023AY 2014-15

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarassessment Year: 2014-15 Acit,Circle-10(1) Vs. Vertex Projects Llp Room No.515, 5Th Floor, (Formerly M/S.Vertex A-Block, I.T.Towers, Projects Ltd.) A.C.Guards, #156-159, Paigah House Hyderabad. S.P.Road, Next To Pg College. Secunderabad-500 026. Pan : Aanfv0232C (Appellant) (Respondent) Assessee By: Shri Sriram Seshadri, Ca Revenue By: Shri Rajendra Kumar,Cit-Dr Date Of Hearing: 15.03.2023 Date Of Pronouncement: 28.04.2023 O R D E R Per Shri Laliet Kumar, J.M. This Is An Appeal Filed By The Revenue, Feeling Aggrieved By The Order Passed By The Learned Commissioner Of Income Tax (Appeals)-5, Dated 16.03.2018 For The Ay 2014-15, On The Following Grounds :

For Appellant: Shri Sriram Seshadri, CAFor Respondent: Shri Rajendra Kumar,CIT-DR
Section 115JSection 142(1)Section 143(2)Section 14ASection 14A(3)Section 47
2
Survey u/s 133A2
Search & Seizure2
Section 56
Section 56(2)(viia)
Section 56(2)(viiia)

disallowance computed under section 14A of the Act pertains to computation of income under the normal provisions of the Act and cannot be read into the provisions of section 115JB of the Act pertaining to levy of minimum alternate tax and there is no express provision in clause (f) of Explanation 1 to section 115JB of the Act to that

INCOME TAX OFFICER, WARD-16(4), HYDERABAD vs. QUARK ENTERPRISES PRIVATE LIMITED , HYDERABAD

In the result, the appeal filed by the revenue is allowed for statistical purposes

ITA 1270/HYD/2019[2016-17]Status: DisposedITAT Hyderabad19 Sept 2022AY 2016-17

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarassessment Year: 2016-17 Ito, Ward-16(4) Vs. M/S.Quark Enterprises 1St Floor, ‘B’ Block Private Limited I.T.Towers, A.C.Guards 10Th Floor, Ramky Masab Tank Grandoise Hyderabad Ramky Towers Complex Road No.62, Gachibowli Hyderabad-500 032

For Appellant: Shri A.V.Raghuram, AdvocateFor Respondent: Ms. M.Narmada, CIT-DR
Section 115JSection 56(2)(viib)

section 56(2)(viib) and valuation report was prepared as per guidelines given by ICAI and no fault was found in same by the AO. As herd in the case of Assistant Commissioner of Income-tax, Circie-2, Alwar. Vs. Safe Decore (P.) Ltd. 169 ITO 328 (Jaipur), Where the AO did not find any defect in valuation of shares

SATCHISANANDA RAO MECHINENI,HYDERABAD vs. DEPUTY COMMISSIONER OFINCOME TAX ,CENTRAL CIRCLE-3(3), HYDERABAD

In the result, the appeal of the assessee is allowed

ITA 396/HYD/2021[2017-18]Status: DisposedITAT Hyderabad22 Jun 2022AY 2017-18

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

For Appellant: Sri P. Murali Mohan Rao, C.AFor Respondent: Sri Dr. Rajendra Kumar, CIT
Section 142(1)Section 143(3)Section 153ASection 263Section 56(2)(vii)Section 56(2)(viib)

56(2)(viib) are not applicable in this case. 5. Apart from the solid evidences produced before your good offices, the fact that there are legal cases pending on the subject properties are also mentioned in the sale deeds. That shows that the title of the properties are not clear and the assessee did not get the full right over

SATCHIDANANDA RAO MECHINENI ,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX ,CENTRAL CIRCLE-3(3), HYDERABAD

In the result, the appeal of the assessee is allowed

ITA 395/HYD/2021[2014-15]Status: DisposedITAT Hyderabad22 Jun 2022AY 2014-15

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

For Appellant: Sri P. Murali Mohan Rao, C.AFor Respondent: Sri Dr. Rajendra Kumar, CIT
Section 142(1)Section 143(3)Section 153ASection 263Section 56(2)(vii)Section 56(2)(viib)

56(2)(viib) are not applicable in this case. 5. Apart from the solid evidences produced before your good offices, the fact that there are legal cases pending on the subject properties are also mentioned in the sale deeds. That shows that the title of the properties are not clear and the assessee did not get the full right over

AUTOZILLA SOLUTIONS PRIVATE LIMITED,,HYDERABAD vs. INCOME TAX OFFICER, WARD-1(2) , HYDERABAD

In the result, appeal of the assessee is allowed in above terms

ITA 1568/HYD/2019[2016-17]Status: DisposedITAT Hyderabad12 Jan 2022AY 2016-17

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahuassessment Years: 2016-17 Autozilla Solutions Pvt. Vs. Income-Tax Officer, Ltd., Hyderabad. Ward – 1(2), Hyderabad. Pan – Aanca 4025H (Appellant) (Respondent) Assessee By: Shri A. Srinivas Revenue By: Shri Rohit Mujumdar Date Of Hearing: 10/01/2022 Date Of Pronouncement: 12/01/2022

For Appellant: Shri A. SrinivasFor Respondent: Shri Rohit Mujumdar
Section 115JSection 143(2)Section 143(3)Section 56(2)(viib)Section 68

disallowed the share premium raised by the assessee u/s 56(2)(viib), while, the same was also added to the income of the assessee u/s 68 of the Act. We are of the view that once the addition made under one section

PARK HEALTH SYSTEMS PRIVATE LIMITED,HYDERABAD vs. ACIT , CIRCLE 16(2), HYDERABAD, HYDERABAD

In the result, the appeal filed by the assessee is allowed for statistical purposes

ITA 197/HYD/2024[2017-2018]Status: DisposedITAT Hyderabad24 Apr 2024AY 2017-2018

Bench: Shri Manjunatha. G. Hon’Ble & Shri Narasimha Chary, Hon’Bleassessment Year: 2017-18 Park Health Systems Private Vs. The Assistant Commissioner Of Income Tax, Limited, Circle – 16(2), Hyderabad. Hyderabad. Pan : Aaecp4353L (Appellant / Assessee) (Respondent) Assessee By: Shri V. Siva Kumar, Advocate. Revenue By: Ms. Sheetal Sarin, Sr.Ar. Date Of Hearing: 24.04.2024 Date Of Pronouncement: 24.04.2024

For Appellant: Shri V. Siva Kumar, AdvocateFor Respondent: Ms. Sheetal Sarin, Sr.AR
Section 143(3)Section 56(2)(viib)

section 56(2)(viib) of the Income Tax Act, 1961 (hereinafter referred as “the Act”) and disallowance of prior period

DCIT, CENTRAL CIRCLE-3(1), HYDERABAD vs. VARSITY EDUCATION MANAGEMENT PVT LTD, MUMBAI

In the result, appeal filed by the Revenue is dismissed

ITA 208/HYD/2023[2011-12]Status: DisposedITAT Hyderabad20 Sept 2024AY 2011-12

Bench: Shri Manjunatha, G. & Shri Prakash Chand Yadavआ.अपी.सं /Ita No. 208/Hyd/2023 (िनधा"रण वष"/Assessment Year: 2011-12) Deputy Commissioner Of Vs. Varsity Education Income Tax, Central Circle Management (P) Ltd 3(1) Hyderabad Hyderabad Pan:Aadcv6100E (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Advocate A.V. Raghuram राज" व "ारा/Revenue By:: Shri B. Balakrishna, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 18/09/2024 घोषणा की तारीख/Pronouncement: 20/09/2024 आदेश/Order

For Appellant: Advocate A.V. RaghuramFor Respondent: : Shri B. Balakrishna, CIT(DR)
Section 271(1)(c)Section 274Section 68

56(2)(viib) of the Act, then merely for the reason that the addition has been sustained by the Tribunal is not a reason for levying penalty u/s 271(1)(c) of the Act,. This is because, penalty proceedings are independent of assessment proceedings and the findings of the Assessing Officer in the assessement proceedings while making addition

DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1), HYDERABAD vs. ALPHA AVENUES PRIVATE LIMITED, HYDERABAD

In the result, both the appeals filed by the Revenue are allowed for statistical purposes

ITA 1107/HYD/2017[2011-12]Status: DisposedITAT Hyderabad12 Jun 2023AY 2011-12

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

For Appellant: Shri K.A. Sai Prasad, CAFor Respondent: Shri Jeevan Lal Lavidiya, CIT(DR)
Section 143(2)Section 56

disallow the cost, including premium, incurred in acquiring the shares for working out the capital gain/loss. Even after the insertion of section 56(2) (viib

DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1), HYDERABAD vs. ALPHA VILLAS PRIVATE LIMITED, HYDERABAD

In the result, both the appeals filed by the Revenue are allowed for statistical purposes

ITA 1106/HYD/2017[2011-12]Status: DisposedITAT Hyderabad12 Jun 2023AY 2011-12

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

For Appellant: Shri K.A. Sai Prasad, CAFor Respondent: Shri Jeevan Lal Lavidiya, CIT(DR)
Section 143(2)Section 56

disallow the cost, including premium, incurred in acquiring the shares for working out the capital gain/loss. Even after the insertion of section 56(2) (viib