OFFICIAL LIQUIDATOR

In the result, the appeal is disposed of

Bench: RAGHVENDRA S.CHAUHAN

disallowances. The assessee thereupon filed an appeal before the Commissioner of Income Tax (Appeals). The Commissioner of Income Tax 4 (Appeals) maintained the order of the Assessing Officer in respect of the aforesaid reliefs, however, granted the relief in respect of the remaining issues. Accordingly, the appeal was partly allowed. The assessee thereupon filed an appeal before the Income

THE COMMISSINER OF INCOME TAX (APPEALS) AND ANR vs. THE BIJAPUR DISTRICT CENTRAL

Bench: R.DEVDAS,VINEET KOTHARI

disallowance of such interest paid to the members without TDS, was liable to be made as per the provisions of Section 40 (a) (ia) of the Act. 4. Both the learned counsel at Bar fairly submitted that the said issue is no longer res-integra in view of the CBTD Circular No.19/2015 holding that such Co-operative Banks

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

M/S CUTCHI MEMON UNION vs. THE DEPUTY DIRECTOR OF INCOME TAX (EXEMPTIONS)

In the result, the appeal is disposed of

Bench: ALOK ARADHE,M.I.ARUN

disallowed. The assessee thereupon filed an appeal before the Commissioner of Income Tax (Appeals), who by an order dated 27.04.2012, by placing reliance on decision of Calcutta High Court in CIT VS. JAYASHREE CHARITY TRUST, 159 ITR 280 (Cal) and decision of Gujarat High Court in CIT VS. GANGA CHARITY TRUST FUND, 162 ITR 612 (Guj) set aside the order

THE COMMISSIONER OF INCOME TAX vs. THE SANDUR MANGANESE and IRON ORES LTD

Bench: N.KUMAR,H.S.KEMPANNA

Section 4A thereto. Hence he directed penalty proceedings u/S 271(1)(c) be initiated. 4. After initiating an independent proceedings for levy of penalty by an order dated 22.12.1999 he imposed a minimum and maximum penalty on the concealed income of Rs.49,96,267/- at Rs.22,98,284/- and Rs.68,94,852/- respectively and a penalty of Rs.22