COFFEEDAY GLOBAL LTD. vs. ADDITIONAL COMMISSIONER OF INCOME TAX

In the result, the orders dated 21

Bench: ALOK ARADHE,ASHOK S.KINAGI

237 (KARNATAKA), 'CIT VS. MONNET INDUSTRIES LTD', (2009) 176 TAXMAN 81 (DELHI), 'CIT VS. MONNET INDUSTRIES LTD.', (2012) 25 TAXMANN.COM 236 (SC). 7. On the other hand, learned counsel for the revenue while inviting the attention of this court to Section 254(2) of the Act submitted that the tribunal has the power to rectify the mistake apparent on record

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

THE PR. COMMISIONER OF INCOME TAX vs. M/S. GMR INFRASTRUCTURE LTD

Appeals stand disposed of accordingly

Bench: S.SUJATHA,RAVI V HOSMANI

disallowance made under Section 40[a][ia] for non deduction of TDS on payments made to Director’s towards sitting fees by holding that - 16 - the amendment will apply for A.Y.2014-15 onwards?” In ITA No.381/2018: “1. Whether on the facts and in the circumstances of the case and in law the Tribunal was correct in law in holding that incriminating

PR COMMISSIONER OF vs. M/S GMR HYDERABAD

Appeals stand disposed of accordingly

Bench: S.SUJATHA,RAVI V HOSMANI

disallowance made under Section 40[a][ia] for non deduction of TDS on payments made to Director’s towards sitting fees by holding that - 16 - the amendment will apply for A.Y.2014-15 onwards?” In ITA No.381/2018: “1. Whether on the facts and in the circumstances of the case and in law the Tribunal was correct in law in holding that incriminating

PR COMMISSIONER OF vs. M/S GMR HYDERABAD

Appeals stand disposed of accordingly

Bench: S.SUJATHA,RAVI V HOSMANI

disallowance made under Section 40[a][ia] for non deduction of TDS on payments made to Director’s towards sitting fees by holding that - 16 - the amendment will apply for A.Y.2014-15 onwards?” In ITA No.381/2018: “1. Whether on the facts and in the circumstances of the case and in law the Tribunal was correct in law in holding that incriminating

PR COMMISSIONER OF vs. M/S GMR HYDERABAD

Appeals stand disposed of accordingly

Bench: S.SUJATHA,RAVI V HOSMANI

disallowance made under Section 40[a][ia] for non deduction of TDS on payments made to Director’s towards sitting fees by holding that - 16 - the amendment will apply for A.Y.2014-15 onwards?” In ITA No.381/2018: “1. Whether on the facts and in the circumstances of the case and in law the Tribunal was correct in law in holding that incriminating

THE PR. COMMISIONER INCOME TAX vs. M/S. GMR INFRASTRUCTURE LTD

Appeals stand disposed of accordingly

Bench: S.SUJATHA,RAVI V HOSMANI

disallowance made under Section 40[a][ia] for non deduction of TDS on payments made to Director’s towards sitting fees by holding that - 16 - the amendment will apply for A.Y.2014-15 onwards?” In ITA No.381/2018: “1. Whether on the facts and in the circumstances of the case and in law the Tribunal was correct in law in holding that incriminating

PR COMMISSIONER OF vs. M/S GMR HYDERABAD

Appeals stand disposed of accordingly

Bench: S.SUJATHA,RAVI V HOSMANI

disallowance made under Section 40[a][ia] for non deduction of TDS on payments made to Director’s towards sitting fees by holding that - 16 - the amendment will apply for A.Y.2014-15 onwards?” In ITA No.381/2018: “1. Whether on the facts and in the circumstances of the case and in law the Tribunal was correct in law in holding that incriminating

THE PR. COMMISIONER OF INCOME TAX vs. M/S. GMR INFRASTRUCTURE LTD

Appeals stand disposed of accordingly

Bench: S.SUJATHA,RAVI V HOSMANI

disallowance made under Section 40[a][ia] for non deduction of TDS on payments made to Director’s towards sitting fees by holding that - 16 - the amendment will apply for A.Y.2014-15 onwards?” In ITA No.381/2018: “1. Whether on the facts and in the circumstances of the case and in law the Tribunal was correct in law in holding that incriminating

PR COMMISSIONER OF vs. M/S GMR HYDERABAD

Appeals stand disposed of accordingly

Bench: S.SUJATHA,RAVI V HOSMANI

disallowance made under Section 40[a][ia] for non deduction of TDS on payments made to Director’s towards sitting fees by holding that - 16 - the amendment will apply for A.Y.2014-15 onwards?” In ITA No.381/2018: “1. Whether on the facts and in the circumstances of the case and in law the Tribunal was correct in law in holding that incriminating

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

Appeals stand disposed of accordingly

Bench: S.SUJATHA,RAVI V HOSMANI

disallowance made under Section 40[a][ia] for non deduction of TDS on payments made to Director’s towards sitting fees by holding that - 16 - the amendment will apply for A.Y.2014-15 onwards?” In ITA No.381/2018: “1. Whether on the facts and in the circumstances of the case and in law the Tribunal was correct in law in holding that incriminating

PR COMMISSIONER OF vs. M/S GMR HYDERABAD

Appeals stand disposed of accordingly

Bench: S.SUJATHA,RAVI V HOSMANI

disallowance made under Section 40[a][ia] for non deduction of TDS on payments made to Director’s towards sitting fees by holding that - 16 - the amendment will apply for A.Y.2014-15 onwards?” In ITA No.381/2018: “1. Whether on the facts and in the circumstances of the case and in law the Tribunal was correct in law in holding that incriminating

M/S BEST TRADING & AGENCIES LTD vs. THE DEPUTY COMMISSIONER OF INCOME TAX

In the result, the orders passed by the

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

disallowing interest on the ground that interest payments had not been debited to the profit and loss account and there is no direct nexus between the interest paid to term lenders and the interest earned from other sources. It is further submitted that the interest income accrued from the monies kept in the fixed deposits and nexus between the deposit

M/S BEST TRADING & AGENCIES LTD vs. THE DEPUTY COMMISSIONER OF INCOME TAX

In the result, the orders passed by the

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

disallowing interest on the ground that interest payments had not been debited to the profit and loss account and there is no direct nexus between the interest paid to term lenders and the interest earned from other sources. It is further submitted that the interest income accrued from the monies kept in the fixed deposits and nexus between the deposit

THE COMMISSIONER OF INCOME TAX vs. M/S MOTOROLA INDIA ELECTRONICS (P) LTD

Bench: N.KUMAR,RATHNAKALA

disallowed the exemption claimed for the assessment year 2001 – 02. Aggrieved by the said order, the assessee preferred an appeal to the Commissioner of Income Tax (Appeals), which came to be dismissed. Aggrieved by the said order, the assessee preferred an appeal to the Tribunal. The Tribunal insofar as the assessment year 1998 – 99 is concerned, held that the interest

THE COMMISSIONER OF INCOME TAX vs. M/S GARNIWAL EXPORTS (P) LTD

Appeal is allowed

Bench: D.V.SHYLENDRA KUMAR,B.S.INDRAKALA

disallowed the deduction claimed in respect of the price of Rs.17,78,155/- received by the assessee by way of transfer of quota opining that the amount represented business income of the assessee; that it cannot be attributed to any export activity as the amount is not by export but received 4 within the country; that Section 80HHC benefit being

PR. COMMISSIONER OF INCOME TAX-VI vs. M/S STANLEY

The appeal is disposed of with liberty as prayed for by the learned

Bench: S.G.PANDIT,C.M. POONACHA

Section 260-A of the Income Tax Act, 1961 (for short, ‘the Act’) questioning the correctness and legality of order dated 07.03.2016 passed by the Income Tax Appellate Tribunal, ‘A’ Bench, Bengaluru (for short, ‘Appellate Authority’) in ITA.No.518/Bang/2015 for the assessment year 2010-11. 3. This Court, admitted the appeal on 31.10.2017 to consider the following substantial question