SMT. PUNEETHA @ PUNEETHA B. A. vs. SRI. D. RAVI

The appeal is dismissed accordingly

Bench: R DEVDAS

setting aside the disallowance of foreign exchange loss on forward contract of Rs.26,31,35,000/- by following the decision

THE COMMISSIONER OF INCOME TAX vs. M/S AMCO POWER SYSTEMS LTD.,

Bench: B.MANOHAR,VINEET SARAN

disallowed. The said assessment order also did not allow the setting off of losses of the previous years by invoking

THE COMMISSIONER OF INCOME TAX vs. M/S AMCO POWER SYSTEMS LTD.,

Bench: B.MANOHAR,VINEET SARAN

disallowed. The said assessment order also did not allow the setting off of losses of the previous years by invoking

THE COMMISSIONER OF INCOME TAX vs. M/S AMCO POWER SYSTEMS LTD

Bench: B.MANOHAR,VINEET SARAN

disallowed. The said assessment order also did not allow the setting off of losses of the previous years by invoking

THE COMMISSIONER OF INCOME TAX vs. M/S AMCO POWER SYSTEMS LTD.,

Bench: B.MANOHAR,VINEET SARAN

disallowed. The said assessment order also did not allow the setting off of losses of the previous years by invoking

THE COMMISSIONER OF INCOME-TAX vs. M/S. INDUS FILA LTD

In the result, the order passed by the Income Tax

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

disallowed the claim of set off of loss of M/s Tulip Apparel Private Limited under Section 72(A) of the Act. The assessee

PR COMMISSIONER OF INCOME TAX vs. M/S UNITED SPIRITS LTD

Bench: S.SUJATHA,RAVI V HOSMANI

disallowance of Bad debts, set off of brought forward losses and charged interest under Section 234C and 234D of the Act further

THE PR COMMISSIONER OF INCOME TAX vs. M/S EXIDE LIFE INSURANCE CO LTD

In the result, both the appeals stand dismissed

Bench: S.SUJATHA,RAVI V HOSMANI

losses are also not allowed to be set off nor can be carried forward? (IN ITA No.118/2020) 1. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in confirming the order of the Commissioner of Income Tax (Appeals) setting aside disallowance

THE PR COMMISSIONER OF INCOME TAX vs. M/S EXIDE LIFE INSURANCE COMPANY LTD

In the result, both the appeals stand dismissed

Bench: S.SUJATHA,RAVI V HOSMANI

losses are also not allowed to be set off nor can be carried forward? (IN ITA No.118/2020) 1. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in confirming the order of the Commissioner of Income Tax (Appeals) setting aside disallowance

COMMISSIONER OF INCOME TAX vs. SHRI D M PURNESH

Bench: ALOK ARADHE,RAVI V HOSMANI

setting aside disallowance made on account of amounts deposited by cheques to an extent of Rs.84,61,055/- even when the assessee failed to explain the said deposit with proper material? 5 2. The facts giving rise to filing of this appeal briefly stated are that, the assessee files income tax returns for the assessment year 2004-2005 declaring

PR COMMISSIONER OF vs. M/S WIPRO LIMITED

In the result, the appeal is disposed of in terms

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

disallowance under Section 40(a)(ia) of the Act is to ensure prevention of revenue leakage on foreign payments as recovery of tax from non resident payees was difficult. With regard to the claim of set off of STP unit losses

SYNDICATE BANK vs. THE DEPUTY COMMISSIONER OF INCOME TAX

The appeal is allowed in

Bench: SATISH CHANDRA SHARMA,R. NATARAJ

set off the loss brought forward for computing the deduction as a percentage of the total income. 3. Similarly, for the assessment year 2012-13, the assessee filed its return of income and claimed deduction under Section 36(1)(viia) of the Act amounting to Rs.11,25,35,06,311/- comprised of Rs.10,21,38,42,187/- towards the provision

THE COMMISSIONER OF INCOME TAX vs. M/S K B D SUGARS & DISTILLERIES LTD.,

Bench: S.SUJATHA,VINEET SARAN

disallowed the business loss and unabsorbed depreciation amounting to Rs.3,48,87,613/- as the same was the business loss from the business of power generation which was brought forward and claimed for set

THE COMMISSIONER OF INCOME TAX vs. M/S VIJAYA BANK

In the result, the appeal is hereby dismissed

Bench: ALOK ARADHE,R. NATARAJ

disallowance of valuation of loss on HTM Securities amounting to Rs.151,48,15,234 by relying upon earlier order which has not reached finality and even when the said loss cannot be considered as Revenue Loss? 3. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in setting

COMMISSIONER OF INCOME TAX vs. M/S.WINTAC LTD.,

The appeal is allowed in part

Bench: B.MANOHAR,DILIP B.BHOSALE

disallowance of claim of long term and short term capital loss is concerned, full benefit has been given to the assessee by 9 setting

PR COMMISSIONER OF INCOME TAX- 4 vs. M/S JUPITER

Appeal is allowed in part accordingly

Bench: P.S.DINESH KUMAR,C.M. POONACHA

setting aside the disallowance of short term loss of Rs. 11,27,2000/- claimed by assessee in Profit and Loss

PR COMMISSIONER OF vs. SHUSHRUTHA EDUCATIONAL

Appeal is dismissed

Bench: S.SUJATHA,VINEET KOTHARI

loss against the income of subsequent years as envisages under Sections 70 to 79 are also not applicable to the charitable trusts/institutions? 2. Whether on the facts and in the circumstances of the case and in law, the Tribunal is right in setting aside disallowance

PR COMMISSIONER OF INCOME TAX-4 vs. M/S JUPITER ENTERAINMENT VENTURES

Appeal stands dismissed

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

setting aside the disallowance of short term loss of Rs.11,27,2000 claimed by assessee in P & L A/c by holding