DCIT- (CENTRAL)-3, INDORE vs. MRS. JATINDER KAUR BHATIA, KHANDWA

Appeals are dismissed and assessee’s

Bench: Shri Vijay Pal Rao & Shri B.M. Biyani

Section 260A of the Income Tax Act, 1961 was pending before the Rajasthan High Court. However, in view of the finding recorded by the Tribunal that the local Public Works Department rates are to be applied and adopted in place of Central Public Works Department rates, we do not find any good ground to interfere in the impugned judgment

M/S M.P. STATE COOPERATIVE HOUSING FEDERATION SOCIETY,BHOPAL vs. THE ACIT 1(1), BHOPAL

In the result, the appeal of the revenue and the appeal of the assessee fail and are dismissed

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

housing property at Rs.28,39,437/- and income from business or profession of Rs.6,71,09,727/-. The assessee has claimed deduction of Rs.6,57,59,166/- u/s 80P of the Act. However, the Assessing Officer made the addition on account of interest amounting to Rs.1,11,93,299/- from IDBI Bank, Bank of Baroda, PNB Bank and interest

DEPUTY COMMISSIONER OF INCOME TAX 1 (1), BHOPAL vs. SHRI NEERAJ MANDLOI, NEW DELHI

Bench: Hon’Ble Manish Borad & Hon’Ble Madhumita Royassessment Year 2009-10

260A of the Act before the Hon'ble M.P. High Court against the order of the ITAT quashing the order ss] s.263. The Hon'ble M.P. High Court dismissed the departmental appeal and held that the power exercised by CIT u/s 263 was unsustainable in law. A copy of the decision of Hon'ble High Court reported