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3 results for “section 68”+ Section 80Mclear

Sorted by relevance

Mumbai58Delhi20Chandigarh10Bangalore9Chennai4Hyderabad4Jaipur3Kolkata3Telangana1Orissa1Pune1Raipur1Surat1Ahmedabad1

Key Topics

Section 26311Section 14A9Section 143(3)4Section 143(2)2Disallowance2Addition to Income2

ASSOCIATED SOAPSTONE DISTRIBUTING CO PRIVATE LIMITED,JAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX -2, JAIPUR, JAIPUR

ITA 243/JPR/2023[2018-19]Status: DisposedITAT Jaipur04 Mar 2024AY 2018-19
For Appellant: Shri Rohan Sogani, CAFor Respondent: Shri Arvind Kumar, CIT-DR
Section 139(1)Section 143(2)Section 143(3)Section 14ASection 263Section 36(1)(ii)Section 37

68,75,687.25\n3.\nInterest on Term Loan\n1,42,38,661.07\n4.\nInterest paid to NBFC\n1,31,17,681.00\n5.\nInterest on LC and Hundies\n1,13,52,841.24\n6.\nBank Charges\n33,30,812.44\n7.\nInterest on delayed payments\n2,99,209.00\n8\nITA243/JP/2023\nASSOCIATED SOAPSTONE DISTRIBUTING CO. PVT LTD. VS Pr.CIT-2, JAIPUR

CAREER POINT LIMITED,KOTA, RAJASTHAN vs. PRINCIPAL COMMISSIONER OF INCOME TAX, UDAIPUR, RAJASTHAN

In the result, the appeal of the assessee is allowed

ITA 242/JPR/2023[2018-19]Status: DisposedITAT Jaipur22 Aug 2023AY 2018-19

Bench: HON’BLE SHRI SANDEEP GOSAIN, JM & HON’BLE SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

For Appellant: Shri Vijay Goyal, CA &For Respondent: Shri Ajey Malik (CIT)
Section 143(2)Section 143(3)Section 14ASection 263

80M of the Act on the presumption that when the funds available to the assessee were both interest free and loans, the investments made would be out of the interest free funds available with the assessee, provided the interest free funds were sufficient to meet the investments. The resultant SLP of the Revenue challenging the Bombay High Court judgment

ASSTT. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. M/S MANGLAM BUILD DEVELOPERS LTD, JAIPUR

In the result, the appeal of the Revenue is dismissed

ITA 373/JPR/2022[2013]Status: DisposedITAT Jaipur24 Apr 2023

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

For Appellant: Shri P.C. Parwal (C.A.)For Respondent: Shri James Kurian (CIT) fu/kZkfjrh dh vksj ls@
Section 133ASection 14A

80M of the Act where it was held that deduction would be made of net receipt from dividend and not the gross receipt. Thus this decision is not in 24 ACIT, CENTRAL CIRCLE-1, JAIPUR VS MANGLAM BUILD DEVELOPERS LTD. context of section 14A. Whereas, I find that the Hon'ble Supreme Court in the case of PCIT