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10 results for “disallowance”+ Section 15Aclear

Sorted by relevance

Delhi72Mumbai54Chennai19Bangalore19Pune16Kolkata10Jaipur8Ahmedabad8Hyderabad7Indore6Varanasi4Cochin2SC2Visakhapatnam1Nagpur1Dehradun1Telangana1

Key Topics

Section 271A12Disallowance9Section 14A8Addition to Income8Section 2505Section 143(3)4Section 1323Deduction3Section 92C2Section 271

M/S. BANDHAN BANK LTD. (ERSTWHILE GHOSH FINANCE LTD),KOLKATA vs. DCIT,CIR-5(1), KOL, KOLKATA

In the result, the appeal of the assessee is allowed

ITA 465/KOL/2023[2016-17]Status: DisposedITAT Kolkata26 Aug 2024AY 2016-17

Bench: Shri Sanjay Garg & Shri Rakesh Mishraassessment Year: 2016-17

For Appellant: Shri Biswanath Paul, FCAFor Respondent: Shri Subhro Das, Addl. CIT, Sr. DR
Section 143(3)Section 17(2)(vi)Section 192Section 250Section 37

15A) of the Companies Act, 1956. The new provision under section 2(37) of the Companies Act, 2013 also is in similar lines. 8.11 In the light of the aforesaid legal proposition, this court comes to a conclusion that the Tribunal was correct in holding that the ESOP expenditure is revenue in nature and the assessee is entitled for deduction

2
Section 132(1)2
Limitation/Time-bar2

MANIPUR TEA CO. PRIVATE LIMITED,KOLKATA vs. D.C.I.T., CIRCLE-4, KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed

ITA 2692/KOL/2013[2008-2009]Status: DisposedITAT Kolkata26 Jul 2017AY 2008-2009

Bench: Sri J. Sudhakar Reddy & Sri S.S. Viswanethra Ravi] I.T.A. No. 2692/Kol/2013 Assessment Year: 2008-09

Section 14ASection 250

Section 14A, and is only to the extent of disallowing expenditure "incurred by the assessee in relation to the tax exempt income". This proportion or portion of the tax exempt income surely cannot swallow the entire amount as has happened in this case.” 8 I.T.A. No. 2692/Kol/2013 Assessment Year: 2008-09 Applying the propositions laid down in the above decision

MANIPUR TEA CO. PRIVATE LIMITED,KOLKATA vs. A.C.I.T., CIRCLE-4, KOLKATA, KOLKATA

In the result, the appeal of the assessee is partly allowed

ITA 1749/KOL/2017[2002-03]Status: DisposedITAT Kolkata06 Apr 2018AY 2002-03

Bench: Shri P.M. Jagtap, Am] I.T.A. No. 1749/Kol/2017 Assessment Year: 2002-03 Manipur Tea Co. Pvt. Ltd................................…………………………………………………Appellant Continental Chambers, 4Th Floor, 15A, Hemanta Basu Sarani, Kolkata – 700 001 [Pan: Aaact 9636 I] Acit Cir 4 Kolkata...................……………………………………………...........................Respondent P-7, Chowringhee Square, Aayakar Bhawan, 3Rd Floor, Kolkata – 700 069 Appearances By: Shri M.K. Jain, Ar Appearing On Behalf Of The Assessee. Shri Gautam Patra, Addl. Cit Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : February 13, 2018 Date Of Pronouncing The Order : April 06, 2018 Order This Appeal Filed By The Assessee Is Directed Against The Order Of Ld. Cit(A) - 2, Kolkata Dated 10.04.2017 Whereby He Confirmed The Various Additions / Disallowances Made By The A.O. To The Total Income Of The Assessee.

disallowance under section 14A. Ground No. 6 of the assessee’s appeal is thus partly allowed. 20. In the result, the appeal of the assessee is partly allowed. Order Pronounced in the Open Court on 6th April, 2018. (P.M. Jagtap) ACCOUNTANT MEMBER Dated: 06/04/2018 Biswajit, Sr. PS Copy of order forwarded to: 1. Manipur Tea Co. Pvt. Ltd., Continental Chambers

SIDDHESHWARI VYAPAAR PVT. LTD.,KOLKATA vs. I.T.O., WARD-5(4), KOLKATA

In the result, the appeal of the assessee is partly allowed

ITA 803/KOL/2019[2013-14]Status: DisposedITAT Kolkata08 Nov 2019AY 2013-14

Bench: Shri P.M. Jagtap, Vice-

Section 14A

disallowance under section 14A read with Rule 8D to Rs.1,700/- and allow this appeal of the assessee partly. 3. In the result, the appeal of the assessee is partly allowed. Order pronounced in the open Court on November 08, 2019. (P.M. Jagtap) Vice-President Kolkata, the 8th day of November, 2019 Copies to : (1) Siddheshwari Vyappar Pvt. Limited, 15A

ACIT, CIRCLE -15(1),KOLKATA,KOLKATA vs. BALJIT SECURITIES PVT. LTD., KOLKATA

In the result, the appeal of revenue is partly allowed

ITA 346/KOL/2017[2012-13]Status: DisposedITAT Kolkata24 Feb 2021AY 2012-13

Bench: Shri J. Sudhakar Reddy, Am & Shri A. T. Varkey, Jm]

Section 115JSection 14A

disallowance was made at Rs.937263/- u/s 14A read with rule 8D(2) of the Act. Thus Rs.9,37,263/- was added back in computing the income under normal provisions as well as in computing book profit u/s 115JB of the Act. 4. On appeal, the Ld. CIT(A) deleted the addition as under: 2 | P a g e Baljit Securities

VEERPRABHU AUTO PVT. LTD.,KOLKATA vs. A.C.I.T., CC - 2(4), KOL, KOLKATA

In the result, the appeal filed by the assessee is dismissed

ITA 1218/KOL/2024[2016-2017]Status: DisposedITAT Kolkata12 Jan 2026AY 2016-2017

Bench: Shri George Mathan & Shri Rakesh Mishra

Section 132Section 143(3)Section 250

section 147/148 and those powers are saved.” 8. The Ld. CIT(A) has confirmed the disallowance of ₹31,000/- made by the Ld. AO and the finding of the Ld. CIT(A) is extracted in the preceding para 3. We find no justification for interfering the finding of the Ld. CIT(A) who has treated the income from house property

M/S. VIJAYSHREE AUTOCOM LTD., ,KOLKATA vs. DCIT, CENTRAL CIRCLE - 4(3) , KOLKATA

In the result, both the appeals of the assessee are allowed

ITA 2375/KOL/2018[2014-15]Status: DisposedITAT Kolkata28 Mar 2022AY 2014-15

Bench: Shri Sanjay Garg, Hon’Ble & Shri Rajesh Kumar, Hon’Ble) Assessment Year: 2013-14 & Assessment Year: 2014-15

Section 132Section 132(1)Section 250Section 271Section 271A

15A, Hemant Basu Sarani Kolkata - 700001 [PAN : AADCV1952C] Vs. Deputy Commissioner of Income Tax, Central Circle-4(3), Kolkata........……..….........Respondent Appearances by: Shri Miraj D. Shah, A/R, appeared on behalf of the assessee. Shri Ranu Biswas, Addl. CIT, Sr. D/R, appearing on behalf of the Revenue. Date of concluding the hearing : February 23rd, 2022 Date of pronouncing the order : March

M/S. VIJAYSHREE AUTOCOM LTD., ,KOLKATA vs. DCIT, CENTRAL CIRCLE - 4(3) , KOLKATA

In the result, both the appeals of the assessee are allowed

ITA 2374/KOL/2018[2013-14]Status: DisposedITAT Kolkata28 Mar 2022AY 2013-14

Bench: Shri Sanjay Garg, Hon’Ble & Shri Rajesh Kumar, Hon’Ble) Assessment Year: 2013-14 & Assessment Year: 2014-15

Section 132Section 132(1)Section 250Section 271Section 271A

15A, Hemant Basu Sarani Kolkata - 700001 [PAN : AADCV1952C] Vs. Deputy Commissioner of Income Tax, Central Circle-4(3), Kolkata........……..….........Respondent Appearances by: Shri Miraj D. Shah, A/R, appeared on behalf of the assessee. Shri Ranu Biswas, Addl. CIT, Sr. D/R, appearing on behalf of the Revenue. Date of concluding the hearing : February 23rd, 2022 Date of pronouncing the order : March

ACIT, CIR. 1(1), KOLKATA vs. M/S COOKSON INDIA (P) LTD, KOLKATA

In the result, appeal of the revenue is partly allowed for statistical purpose and the Cross Objection of the assessee is dismissed

ITA 250/KOL/2021[2010-11]Status: DisposedITAT Kolkata31 Oct 2022AY 2010-11

Bench: Shri Sanjay Garg & Shri Girish Agrawalassessment Year: 2010-11 Assistant Commissioner Of M/S. Cookson India Pvt. Income Tax, Circle-1(1), Vs Ltd., 10, Old Post Office Kolkata. . Street, Room No. 15A, Kolkata-700001. (Pan: Aabcc1679B) (Appellant) (Respondent) & Cross Objection No. 02/Kol/2022 In Ita No.250/Kol/2021 Assessment Year: 2010-11 M/S. Cookson India Pvt. Assistant Commissioner Of Ltd., 10, Old Post Office Vs Income Tax, Circle-1(1), Street, Room No. 15A, . Kolkata. Kolkata-700001. (Cross Objector) (Respondent)

For Respondent: Smt. Ranu Biswas, Addl. CIT, DR
Section 143(3)Section 92C

15A, . Kolkata. Kolkata-700001. (Cross Objector) (Respondent) Present for: Appellant/Revenue by : Smt. Ranu Biswas, Addl. CIT, DR Assessee/ Cross Objector by : Shri Siddhesh Changule, AR Date of Hearing : 15.09.2022 Date of Pronouncement : 31.10.2022 O R D E R PER GIRISH AGRAWAL, ACCOUNTANT MEMBER: Both this appeal by the revenue and Cross Objection by the assessee are arising

JEDIV CARGO MANAGEMENT PVT. LTD., ,KOLKATA vs. DCIT, CIRCLE - 12(1), KOLKATA , KOLKATA

In the result this issue is decided in favour of the assessee

ITA 1824/KOL/2018[2013-14]Status: DisposedITAT Kolkata30 Apr 2019AY 2013-14

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Year :2013-14 Jediv Cargo Management V/S. Dcit, Circle-12(1), Pvt. Ltd., Unit 802, P.S. Aayakar Bhawan, Continental Building, 8Th Kolkta-700 069 Floor, 83/2/1 Topsia Road, Kolkat-46 [Pan No.Aaccj 0464 G] .. अपीलाथ" /Appellant ""यथ"/Respondent None अपीलाथ" क" ओर से/By Appellant Shri Radhey Shyam Cit-Dr ""यथ" क" ओर से/By Respondent 18-04-2019 सुनवाई क" तार"ख/Date Of Hearing 30-04-2019 घोषणा क" तार"ख/Date Of Pronouncement आदेश /O R D E R Per S.S.Godara:- This Assessee’S Appeal For Assessment Year 2013-14 Arises Against The Commissioner Of Income Tax (Appeals)-4, Kolkata’S Order Dated 29.06.2018 Passed In Case No. 1444/Cit(A)-4/2015-16, Involving Proceedings U/S 143(3) Of The Income Tax Act, 1961; In Short ‘The Act’. Case Called Twice. None Appears At The Assessee’S Behest. The Registry Has Already Sent The Assessee An Rpad Notice Dated 27.08.2018 For Today’S Hearing. We Therefore Proceed Ex Parte Against The Assessee. The Case Is Now Taken Up Adjudication On Merits. 2. The Assessee’S Sole Substantive Grievance Challenges Correctness Of Both The Lower Authorities Action Disallowing Its Sec. 35(1)(Ii) Deduction Claim Of Donation Of ₹8.75 Lac Made To School Of Human Genetics & Population

Section 143(3)Section 35(1)(ii)

15A of the Tax Audit Report and it was shown as NIL. iii) During survey it was found that SHG&PH is providing entry for donation and is taking commission for the same. The commission rate has been found to have been 12 per cent to 18 per cent where 8 to 10 per cent commission is retained