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176 results for “disallowance”+ Carry Forward of Lossesclear

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Key Topics

Section 143(3)143Section 26375Disallowance65Addition to Income65Section 8064Section 14759Section 80I51Section 14A46Section 6842Deduction

ANDRITZ HYDRO P LTD,BHOPAL vs. PR CIT-1, BHOPAL

ITA 199/IND/2020[2015-16]Status: DisposedITAT Indore29 Oct 2021AY 2015-16

Bench: Shri Manish Borad & Ms. Madhumita Royvirtual Hearing

Section 115JSection 253Section 263

carried forward to subsequent years was shown as Rs.78,05,27,292/-. In the draft assessment order, the Ld. AO did not propose any addition in respect of the mark to market loss of INR 30,31,69,199/- on revaluation of the forward contracts claimed by the assessee co. The assessment was finalised on 25 January 2018 without

JHABUA DHAR KSHETRIYA GRAMIN BANK,INDORE vs. DCIT/ACIT, RATLAM, RATLAM

ITA 201/IND/2023[2008-09]Status: DisposedITAT Indore21 Sept 2023AY 2008-09

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2008-09 Jhabua Dhar Kshetriya Acit/Dcit, Gramin Bank, Ratlam 204, C-21, Business Park, बनाम/ Opp. Hotel Radisson Blu, Mr-10, Vs. Indore

Showing 1–20 of 176 · Page 1 of 9

...
29
Section 12A27
Depreciation15
Section 143(3)Section 147Section 154Section 40

forward of loss which is allowable to the assessee.” 2. Ld. AR for assessee carried us to the grounds of appeal reproduced above and submitted that there are three (3) issues being contested by assessee in present appeal, namely (i) Issue of TDS credit, (ii) Issue of disallowance

BADAUD SHRI VARDHMAN SHIKSHA ,BADAUD vs. THE ITO NFAC DELHI, NEW DELHI

Appeal is allowed

ITA 51/IND/2023[2018-19]Status: DisposedITAT Indore25 Jul 2023AY 2018-19

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year:2018-19 Badaud Shri Vardhaman Ito, बनाम/ Shiksha Samiti, Nfac, Badaud Delhi Vs. (Assessee / Appellant) (Revenue / Respondent) Pan: Aacab5370 Assessee By Shri Sharad Jain, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 19.07.2023 Date Of Pronouncement 25.07.2023

Section 143(2)Section 143(3)Section 270ASection 270A(2)Section 270A(8)

disallowed depreciation of Rs. 4,94,672/-. But thereafter the assessee has ignored the entire loss of Rs. 6,28,061/- and not claimed effect thereof in any manner i.e. neither the assessee claimed set off in current year nor carry-forward

M/S. FLEXITUFF INTERNATIONAL LTD.,DHAR vs. THE PR.CIT-1, INDORE

In the result appeal of the assessee is partly allowed

ITA 282/IND/2017[2012-13]Status: DisposedITAT Indore14 May 2019AY 2012-13

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradassessment Year 2012-13 M/S. Flexituff International Pr. Commissioner Of Ltd, Vs. Income Tax-1, C-41-50, Sez, Sector-3, Indore Pithampur, Dist. Dhar (Appellant) (Respondent ) Pan Aaacn5986H Revenue By Smt. Ashima Gupta, Cit Assessee By Shri Manjit Sachdeva & Avinash Gaur, Advocates Date Of Hearing 26.03.2019 Date Of Pronouncement 14.05.2019 O R D E R

Section 10ASection 143(2)Section 143(3)Section 14ASection 263

carry 153A/143(3) losses forward to next year 2009-10 (-)10,26,99,579/- 268,13,973/- - (- No profit (- )758,85,606/- available

RIDDHI SIDDHI REALTY,INDORE vs. INCOME TAX OFFICER 4(1), INCOME TAX INDORE

In the result the appeal of the assesse is allowed for

ITA 170/IND/2025[2017-18]Status: DisposedITAT Indore06 Oct 2025AY 2017-18

Bench: Shri B.M. Biyani & Shri Paresh M Joshiriddhi Siddhi Realty, Income Tax Officer बनाम/ 39 Shardhanand Marg, 4(1), Vs. Indore Indore

Section 143(3)Section 234Section 246ASection 250Section 253Section 270A

carry-forward till 8 years and if the year under consideration i.e. Assessment Year 2017-18 is taken into consideration the assessee would get extra one year. Per contra the Ld. DR appearing for and on behalf of the revenue contended that the “impugned assessment order” of the Ld. Page 7 of 12 Riddhi Siddhi Realty ITA No.170/Ind/2025

M/S. N.T.THOMAS MEMORIAL EDUCATIONAL AND DEVELOPMENT SOCIETY,INDORE vs. THE ACIT 1(2), INDORE

In the result the appeal of the Revenue is partly allowed

ITA 139/IND/2015[2011-12]Status: DisposedITAT Indore29 Mar 2017AY 2011-12

Bench: Shri C.M.Garg & Shri O.P.Meena1.आ.अ.सं./ I.T.A. No. 139/Ind/2015 2. I.T.A. No. 150/Ind/2015 "नधा"रण वष" /Assessment Year:2011-12

Section 10Section 11Section 12ASection 14(3)Section 143(3)Section 68

disallowed the carry forward of loss by holding that the assessee’s income is exempt u/s 10(23C)(vi) and there

THE ITO, (EXEMPTION), INDORE vs. M/S. N.T.THOMAS MEMORIAL EDUCATIONAL & DEVELOPMENT SOCIETY, INDORE

In the result the appeal of the Revenue is partly allowed

ITA 150/IND/2015[2011-12]Status: DisposedITAT Indore29 Mar 2017AY 2011-12

Bench: Shri C.M.Garg & Shri O.P.Meena1.आ.अ.सं./ I.T.A. No. 139/Ind/2015 2. I.T.A. No. 150/Ind/2015 "नधा"रण वष" /Assessment Year:2011-12

Section 10Section 11Section 12ASection 14(3)Section 143(3)Section 68

disallowed the carry forward of loss by holding that the assessee’s income is exempt u/s 10(23C)(vi) and there

THE ACIT, CENTRAL-1, INDORE vs. M/S. MANISH AGRO TECH PVT. LTD., INDORE

In the result grounds of revenue for A

ITA 219/IND/2021[2015-16]Status: DisposedITAT Indore30 Jan 2023AY 2015-16

Bench: Shri Chandra Mohan Garg & Shri Bhagirath Mal Biyani

For Appellant: Shri Ruchira SinghalFor Respondent: Shri P.K Mishra, CIT (DR)

disallowance of losses without considering explanation and documentary evidence submitted by the assessee and he Cross Objection Nos.5 & 6/Ind/2020 Assessment Years: 2012-13 & 2015-16 proceeded to make addition on the basis of report of Investigation Wing Ahmadabad. From first appellate order, we clearly observed that the Ld. CIT(A) has considered all facts and circumstances in a totality

THE ACIT, CENTRAL-1, INDORE vs. M/S. MANISH AGRO TECH PVT. LTD., INDORE

In the result grounds of revenue for A

ITA 218/IND/2021[2012-13]Status: DisposedITAT Indore30 Jan 2023AY 2012-13

Bench: Shri Chandra Mohan Garg & Shri Bhagirath Mal Biyani

For Appellant: Shri Ruchira SinghalFor Respondent: Shri P.K Mishra, CIT (DR)

disallowance of losses without considering explanation and documentary evidence submitted by the assessee and he Cross Objection Nos.5 & 6/Ind/2020 Assessment Years: 2012-13 & 2015-16 proceeded to make addition on the basis of report of Investigation Wing Ahmadabad. From first appellate order, we clearly observed that the Ld. CIT(A) has considered all facts and circumstances in a totality

THE ADDL. CIT RANGE -1, INDORE vs. M/S PRAKASH OILS LTD., DHAR

In the result, the above captioned appeals filed by the Revenue as well as the

ITA 227/IND/2021[2015-16]Status: DisposedITAT Indore30 Jan 2023AY 2015-16

Bench: Shri C.M. Garg & Shri Bhagirath Mal Biyani

For Appellant: Shri Ajay Tulsian, CA &For Respondent: Shri P.K. Mishra, CIT, DR
Section 147

carry out necessary investigation, who in turn forwarded the said letter to the AO for information. Considering the fact that the appellant has suffered losses on trades on NMCE through brokers S. N. Commodities and Shubhlaxmi Commodities the appellant was required to file confirmed copy of accounts from both the brokers and to explain as to why the loss should

THE ACIT ,CENTRAL-1, INDORE vs. M/S PRAKASH OILS LTD., DHAR

In the result, the above captioned appeals filed by the Revenue as well as the

ITA 226/IND/2021[2012-2013]Status: DisposedITAT Indore30 Jan 2023AY 2012-2013

Bench: Shri C.M. Garg & Shri Bhagirath Mal Biyani

For Appellant: Shri Ajay Tulsian, CA &For Respondent: Shri P.K. Mishra, CIT, DR
Section 147

carry out necessary investigation, who in turn forwarded the said letter to the AO for information. Considering the fact that the appellant has suffered losses on trades on NMCE through brokers S. N. Commodities and Shubhlaxmi Commodities the appellant was required to file confirmed copy of accounts from both the brokers and to explain as to why the loss should

THE ACIT,CENTRAL-1, INDORE vs. M/S PRAKASH OILS LTD., DHAR

In the result, the above captioned appeals filed by the Revenue as well as the

ITA 235/IND/2021[2011-12]Status: DisposedITAT Indore30 Jan 2023AY 2011-12

Bench: Shri C.M. Garg & Shri Bhagirath Mal Biyani

For Appellant: Shri Ajay Tulsian, CA &For Respondent: Shri P.K. Mishra, CIT, DR
Section 147

carry out necessary investigation, who in turn forwarded the said letter to the AO for information. Considering the fact that the appellant has suffered losses on trades on NMCE through brokers S. N. Commodities and Shubhlaxmi Commodities the appellant was required to file confirmed copy of accounts from both the brokers and to explain as to why the loss should

M/S. KRISHNA SOYA PRODUCTS PVT. LTD,INDORE vs. THE DCIT CIRCLE 1(1), INDORE

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

ITA 496/IND/2015[2009-10]Status: DisposedITAT Indore28 Sept 2017AY 2009-10

Bench: Shri C.M. Garg & Shri O.P.Meena

Section 271(1)Section 271(1)(c)Section 274Section 43(5)

disallowing the claim of loss of Rs.16,44,817/- on forward booking of oil contract which was in the nature of business loss. However, the AO was of the view that the assessee had entered into the contract of oil in the month of July, 2008 and March, 2009 and there was profit in such forward booking contract in July

DCIT 1(1), INDORE vs. M/S MAA UMIYA AGRITECH PVT. LTD. , INDORE

In the result, appeal of Revenue is dismissed

ITA 89/IND/2022[2012-13]Status: DisposedITAT Indore08 Jun 2023AY 2012-13

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanidcit 1(1) M/S. Maa Umiya Agritech Pvt. Ltd. Indore 119, A.B. Road, Aloo Pyaj Mandi, Vs. Indore (Appellant / (Revenue) (Assessee) Pan: Aabcn8230F Revenue By Shri P.K. Mishra, Cit-Dr Respondent By Shri S.S. Solanki, Ar Date Of Hearing 11.04.2023 Date Of Pronouncement 08.06.2023

Section 12ASection 138Section 144Section 145

carry forward of losses. The assessee filed a copy of the assessment order for A.Y.2011-12 showing the loss of earlier year to the tune of Rs.2,55,25,774/- which was accepted by the AO as eligible for setting off. The AO again disallowed

ACIT-1(1), INDORE vs. FLEXITUFF VENTURES INTERNATIONAL LIMITED, DHAR

Appeal is dismissed

ITA 195/IND/2024[2013-14]Status: DisposedITAT Indore30 Jan 2025AY 2013-14

Bench: Us Assailing The Order Of First-

Section 10ASection 143(3)Section 14A

disallowance made under section 14A made by AO without appreciating the facts and evidences mentioned in the assessment order by the AO. 2 Whether on the facts and in the circumstances of the case, the Ld. CIT(A) erred in law in allowing amount of Rs. 10,61,10,839/- in the form of carry forward loss

SHRI SANJAY AGRAWAL , INDORE vs. ITO5(1), INDORE

In the result appeal of the assessee is partly allowed

ITA 739/IND/2018[14-15]Status: DisposedITAT Indore07 Mar 2019

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradassessment Year 2014-15 Shri Sanjay Agrawal, Income Tax Officer 5(1) 404-C Block, Yash Elite, Vs. Indore 8/5 Y.N. Road, Indore (Appellant) (Respondent ) Pan No.Aecpa6831M Revenue By Shri K.C. Selvamani, Sr.Dr Assessee By Shri S.S. Deshpande, Ca Date Of Hearing 20.03.2019 Date Of Pronouncement 25.03.2019

Section 143(2)Section 143(3)Section 44ASection 68

loss of Rs.13,86,223/- was carry forward. 10. Ld. A.O disallowed the claim of set off of loss firstly

JAYANTILAL SANGHVI,INDORE vs. ACIT 4(1), INDORE

Appeal is partly allowed for statistical purpose

ITA 539/IND/2023[A.Y. 2012-13]Status: DisposedITAT Indore27 Jun 2024

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2012-13 Jayantilal Sanghvi, Acit, 8/10, Warehouse Road, 4(1), बनाम/ Patel Bridge, Indore. Vs. Indore. (Assessee/Appellant) (Revenue/Respondent) Pan: Agtps5825Q Assessee By Shri Venus Rawka, C.A. Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 12.06.2024 Date Of Pronouncement .06.2024

Section 143(3)Section 147Section 148

disallowance of “artificial/bogus loss” alleged to have been claimed by assessee through the process of CCM. 3. Aggrieved, the assessee carried matter in first-appeal but did not get any success. The CIT(A) dismissed assessee’s appeal by passing following order: “On perusal of the above, it is seen that the Gr. No. 5 are of general in nature

M/S KEVAL ( INDIA ) LTD,INDORE vs. DCIT-R-1 (1) , INDORE

In the result both the appeals of the assessee ITA No

ITA 653/IND/2017[2007-08]Status: DisposedITAT Indore04 Apr 2019AY 2007-08

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Borad

Section 132Section 14ASection 153Section 153ASection 271Section 271(1)(c)Section 43(5)

disallowance of speculation loss on the basis of facts as disclosed by the assessee in the return of income and also during the assessment proceedings. We find that the assessee has furnished all relevant facts and merely because the AO has changed the head of loss from business loss to speculative los and allowed to carry forward

M/S KEVAL (INDIA) LTD,INDORE vs. DCIT-R 1(1) , INDORE

In the result both the appeals of the assessee ITA No

ITA 652/IND/2017[2005-06]Status: DisposedITAT Indore04 Apr 2019AY 2005-06

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Borad

Section 132Section 14ASection 153Section 153ASection 271Section 271(1)(c)Section 43(5)

disallowance of speculation loss on the basis of facts as disclosed by the assessee in the return of income and also during the assessment proceedings. We find that the assessee has furnished all relevant facts and merely because the AO has changed the head of loss from business loss to speculative los and allowed to carry forward

THE DCIT, 5(1), BHOPAL vs. M/S. SANWARIA AGRO OILS LTD., BHOPAL

In the result Ground No.2 of the revenue is dismissed

ITA 288/IND/2015[2010-11]Status: DisposedITAT Indore16 Jan 2018AY 2010-11

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2010-11

Section 143(2)Section 143(3)Section 43BSection 80I

carrying forward and setting off the same depreciation or loss in computing the quantum of deduction available u/s 80IA for ‘initial assessment year’. If the assessee has positive income derived from eligible business as specified u/s 80IA(5) of the Act. The loss in the year earlier to the initial assessment year already set off/absorbed against the profits