M/S DELHI INTERNATIONAL AIRPORT LTD vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX

Bench: S.SUJATHA,S VISHWAJITH SHETTY

disallowance?” Additional substantial question of law in ITA No.702/2018; - 26 - “Whether on the facts and in the circumstances of the case and in law, the Tribunal is right in law in deleting addition of income of Rs.69,04,00,000/- by directing the assessing authority to allow it on cash basis which was made by assessing authority on accrual basis

THE PR. COMMISSIONER OF INCOME TAX, vs. M/S. DELHI INTERNATIONAL AIRPORT PVT. LTD.,

Bench: S.SUJATHA,S VISHWAJITH SHETTY

disallowance?” Additional substantial question of law in ITA No.702/2018; - 26 - “Whether on the facts and in the circumstances of the case and in law, the Tribunal is right in law in deleting addition of income of Rs.69,04,00,000/- by directing the assessing authority to allow it on cash basis which was made by assessing authority on accrual basis

M/S DELHI INTERNATIONAL vs. THE PRINCIPAL COMMISSIONER

Bench: S.SUJATHA,S VISHWAJITH SHETTY

disallowance?” Additional substantial question of law in ITA No.702/2018; - 26 - “Whether on the facts and in the circumstances of the case and in law, the Tribunal is right in law in deleting addition of income of Rs.69,04,00,000/- by directing the assessing authority to allow it on cash basis which was made by assessing authority on accrual basis

THE PR. COMMISSIONER OF INCOME TAX, vs. M/S. DELHI INTERNATIONAL AIRPORT PVT. LTD.,

Bench: S.SUJATHA,S VISHWAJITH SHETTY

disallowance?” Additional substantial question of law in ITA No.702/2018; - 26 - “Whether on the facts and in the circumstances of the case and in law, the Tribunal is right in law in deleting addition of income of Rs.69,04,00,000/- by directing the assessing authority to allow it on cash basis which was made by assessing authority on accrual basis

THE PR. COMMISSIONER OF INCOME TAX, vs. M/S. DELHI INTERNATIONAL AIRPORT PVT. LTD.

Bench: S.SUJATHA,S VISHWAJITH SHETTY

disallowance?” Additional substantial question of law in ITA No.702/2018; - 26 - “Whether on the facts and in the circumstances of the case and in law, the Tribunal is right in law in deleting addition of income of Rs.69,04,00,000/- by directing the assessing authority to allow it on cash basis which was made by assessing authority on accrual basis

M/S DELHI INTERNATIONAL AIRPORT LTD vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX

Bench: S.SUJATHA,S VISHWAJITH SHETTY

disallowance?” Additional substantial question of law in ITA No.702/2018; - 26 - “Whether on the facts and in the circumstances of the case and in law, the Tribunal is right in law in deleting addition of income of Rs.69,04,00,000/- by directing the assessing authority to allow it on cash basis which was made by assessing authority on accrual basis

THE COMMISSIONER OF INCOME TAX vs. M/S QUEST GLOBAL ENGINEERING SERVICES PVT. LTD.,

In the result, we don to find any

Bench: ALOK ARADHE,R. NATARAJ

disallowance under Section 14A of the Act, the Commissioner of Income Tax (Appeals) upheld the order of the Assessing Officer. In the result, the appeal preferred by the assessee was partly allowed. The assessee as well as the revenue filed appeals before the Income Tax Appellate Tribunal against the order of Commissioner of Income Tax (Appeals). The Tribunal

THE PR COMMISSIONER OF INCOME TAX, CIT(A) vs. M/S DELHI INTERNATIONAL AIRPORT PVT LTD

In the result, we don to find any

Bench: SATISH CHANDRA SHARMA,R. NATARAJ

145. (2) For the purposes of sub-section (1), gain or loss arising on account of the effects of change in foreign exchange rates shall be in respect of all foreign currency transactions, including those relating to – (i) monetary items and non-monetary items. (ii) translation of financial statements of foreign operations; (iii) forward exchange contracts; (iv) foreign currency translation

TATA COFFEE LIMITED vs. THE DEPUTY COMMISSIONER OF INCOME TAX

In the result, the same fails and is hereby

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

disallowance of a claim and in case, the Assessing Officer is not satisfied, he can reject the claim in entirety under Section 145

THE COMMISSIONER OF INCOME-TAX vs. M/S DAVANGERE DISTRICT CENTRAL CO-OPERATIVE BANK

In the result, we do not find any merit in this appeal, the same fails

Bench: SATISH CHANDRA SHARMA,V SRISHANANDA

disallowed certain amount under section 40(a)(ia). The assessing authority further refused to admit the debited amount in P/L A/c pertaining to provision for non-performing asset (NPA). The assessee challenged the said order passed by the assessing authority before Commissioner of Income Tax (CIT) of appeals. The CIT allowed the appeal and as such Revenue preferred appeal before

MANIPAL HEALTH SYSTEMS

In the result, we do not find any merit in this appeal, the same fails

Bench: ARAVIND KUMAR

disallowed certain amount under section 40(a)(ia). The assessing authority further refused to admit the debited amount in P/L A/c pertaining to provision for non-performing asset (NPA). The assessee challenged the said order passed by the assessing authority before Commissioner of Income Tax (CIT) of appeals. The CIT allowed the appeal and as such Revenue preferred appeal before

PR COMMISSIONER OF INCOME TAX vs. M/S ENNOBLE CONSTRUCTION

Bench: KRISHNA S.DIXIT,P.KRISHNA BHAT

145 of the 1961 Act, the AO acting under Section 143(3) could not have made the ad hoc disallowance

THE COMMISSIONER OF INCOME-TAX vs. M/S. SYNDICATE BANK

The appeals are disposed of

Bench: ALOK ARADHE,RAVI V HOSMANI

disallowed? (ii) Whether the provisions of Section 14A of the Act read with Rule 8D of the Income Tax Rules should be made applicable to all pending matters as the same is clarifactory in nature in view of the consistent stands taken by the department? (iii) Whether the tribunal was correct in holding that the estimated expenditure cannot be treated

THE PR COMMISSIONER OF INCOME TAX, CIT(A) vs. M/S COFFEEDAY ENTERPRISES LTD

Appeal is dismissed; and

Bench: P.S.DINESH KUMAR,RAMACHANDRA D. HUDDAR

SECTION 260-A OF INCOME TAX ACT 1961, ARISING OUT OF ORDER DATED 07.10.2020 PASSED IN ITA NO.459/BANG/2020, FOR THE ASSESSMENT YEAR 2014-2015 Digitally signed by ANUSHA V Location: HIGH COURT OF KARNATAKA - 2 - ITA No. 145 of 2021 PRAYING TO FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW STATED THEREIN AND ALLOW THE APPEAL AND SET ASIDE THE ORDERS PASSED

THE COMMISSIONER OF INCOME TAX, vs. M/S BAHUBALI NEMINATH MUTTIN,

The appeals are dismissed

Bench: ANAND BYRAREDDY,RAGHVENDRA S.CHAUHAN

Disallowance under Section 40A (3) of the I.T. Act being undisclosed income Rs.24,216/- (v) Gross profit on suppressed sales being undisclosed income at Rs.19,45,509/- (vi) Addition on account of cessation of liability under Section 41 (1) of the I.T. Act at Rs.2,37,818/-. 3. The assessee had filed an appeal before the Commissioner of Income

COMMISSIONER OF INCOME TAX-III vs. M/S SHRIRAM CHITS (KAR) PVT LTD

In the result, the appeal is disposed of

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

disallowance of bad debts written off while such issue in the assessee's own case was remitted to the file of the Assessing Officer by the Hon'ble High Court in the A.Y. 1998-99 3 with a direction to reconsider the issue in the light of provision of section 145

THE COMMISSIONER OF INCOME TAX AND ANR vs. M/S ANIL KUMAR AND CO

Bench: ARAVIND KUMAR,RAM MOHAN REDDY

disallowed the addition of `3,60,00,000/- made by the Assessing Officer and deleted the said addition. On the issue of Gross Profit adopted by the Assessing Officer at 4% it came to be held that assessee had maintained regular books of accounts and also stock register which are duly audited under section 44AB of the Income

THE PR. COMMISSIONER OF INCOME TAX CIT(A) vs. M/S. PUNE DYNASTY PROJECTS PVT LTD

Appeal is dismissed;

Bench: P.S.DINESH KUMAR,RAMACHANDRA D. HUDDAR

section as well as in Circular No.5 of 2014 are fully attracted in the facts of the present case to make such disallowance? 1 Income tax Appellate Tribunal, Bengaluru Bench - 3 - ITA No. 145