THE PR COMMISSIONER OF INCOME TAX vs. M/S HINDUSTAN AERONAUTICS LTD

In the result, the order of the

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

disallowance under Section 11 14A of the Act. The Assessing Officer made a disallowance under Section 14A of the Act by applying

THE COMMISSIONER OF INCOME TAX vs. SYNDICATE BANK

Bench: ALOK ARADHE,RAVI V HOSMANI

Section 14A of the Act cannot be disallowed? (ii) Whether the provisions of the Section 14A of the Act r/w Rule

ESSILOR INDIA PVT LTD vs. THE DEPUTY

The appeal is disposed of

Bench: ALOK ARADHE,SHIVASHANKAR AMARANNAVAR

disallowance under Section 14A of the Act read with Rule 8D of the Rules, although no satisfaction had been recorded

PR. COMMISSIONER OF INCOME TAX-2 vs. M/S.J.J.GLASTRONICS PVT LTD

The appeal stands dismissed

Bench: S.SUJATHA,J.M.KHAZI

Section 14A disallowance cannot be made while computing book profit under Section 115JB of the Act ignoring Explanation 1[f] to Section

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 and added a sum of Rs.7,34,975/- by applying Rule 8D(iii). 3. The assessee

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

The appeal stands disposed of as

Bench: SATISH CHANDRA SHARMA,R. NATARAJ

14A in respect of Exempt Income, the question of adding back the amount of disallowances to the book profits does not arise even though bank earned exempt income from tax and as such assessing authority rightly estimated 5% of exempt income as expenditure and disallowed the same under provisions of Section

ESSILOR INDIA PVT LTD vs. THE DEPUTY

In the result, the order passed by the Tribunal dated 07

Bench: ALOK ARADHE,SHIVASHANKAR AMARANNAVAR

disallowance under Section 14A of the Act read with Rule 8D of the Rules, although no satisfaction had been recorded

THE COMMISSIONER OF INCOME TAX vs. M/S. CHAITANYA PROPERTIES PVT LTD

Bench: S.SUJATHA,VINEET KOTHARI

disallowance under Section 8D of the Rules. Such abdication of duty in not permissible in law. Since no such exercise has been undertaken by the assessing authority, the case calls for a remand. 15. In this view of the matter, the findings of all the three authorities below for Section 14A

PRINCIPAL COMMISSIONER OF INCOME TAX-5 vs. M/S. NADATHUR ESTATES PVT. LTD.,

Appeal stands dismissed

Bench: SATISH CHANDRA SHARMA,RAVI V HOSMANI

disallowance under section 14A to the file of the Assessing Officer with directions to recalculate the disallowance under section 14A

THE COMMISSIONER OF INCOME TAX vs. M/S JINDAL ALUMINIUM LIMITED

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

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

disallowed the claim of the assessee under Section 80IA and Section 14A of the Act. Being aggrieved, the assessee filed

THE COMMISSIONER OF INCOME TAX vs. M/S. STATE BANK OF MYSORE

In the result, the order passed by the tribunal

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

Section 14A of the Act and the burden of establishing non-incurring of expenditure was on the assessee? (v) Whether the Appellate Authorities committed an error in not taking consideration that 80% of the total funds employed are borrowed funds and the investment by the assessee is from the borrowed funds and the correspondent interest is liable to be disallowed

PR. COMMISSIONER OF INCOME-TAX-4 vs. KARNATAKA STATE FINANCIAL CORPORATION LTD

Bench: SATISH CHANDRA SHARMA,S VISHWAJITH SHETTY

disallowance under Section 14A of the I.T.Act for Rs.2,48,72,710/- and the same was disallowed by adding back

M/S KODAGU DISTRICT CO-OPERATIVE CENTRAL BANK LTD vs. ASSISTANT COMMISSIONER OF INCOME TAX

In the result, the order passed by the Assessing

Bench: ALOK ARADHE,R. NATARAJ

disallowance under Section 14A of 7 the Act. Paragraph 5 of the Act is reproduced below for reference: “5. Disallowance

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

disallowance can be made under Section 14A read with Rule 8D of the Act contrary to provisions of Section 14A

PRINCIPAL COMMISSIONER OF INCOME TAX - 7 vs. M/S UNIVERSAL POWER TRANSFORMERS PVT LTD

The appeal stands dismissed accordingly

Bench: SATISH CHANDRA SHARMA,RAVI V HOSMANI

disallowance under Section 14A of the Income Tax Act, 1961, without considering the CBDT Circular No.5/2014 which clarifies that Rule

COMMISSIONER OF INCOME TAX (CENTRAL) vs. M/S. GMR ENERGY LTD

In the result, the appeal is dismissed

Bench: ALOK ARADHE,HEMANT CHANDANGOUDAR

disallowed Rs.7.58 crores under section 14A read with Rule 8D in accordance parameters of section 14A and as such the Tribunal

COFFEEDAY GLOBAL LTD. vs. ADDITIONAL COMMISSIONER OF INCOME TAX

In the result, the orders dated 21

Bench: ALOK ARADHE,ASHOK S.KINAGI

disallowance of claim under Section 14A of the Act for a sum of Rs.77,72,330/-. (ii) disallowance of interest

COFFEEDAY GLOBAL LTD. vs. ADDITIONAL COMMISSIONER OF INCOME TAX

In the result, the orders dated 21

Bench: ALOK ARADHE,ASHOK S.KINAGI

disallowance of claim under Section 14A of the Act for a sum of Rs.77,72,330/-. (ii) disallowance of interest