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199 results for “disallowance”+ Section 264clear

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Key Topics

Section 143(3)90Section 26379Section 14A76Addition to Income59Disallowance54Section 143(1)45Section 153A44Section 25039Section 9032Section 68

HINDUSTAN MOTORS LIMITED,KOLKATA vs. DCIT, CIRCLE - 6, KOLKATA, KOLKATA

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

ITA 171/KOL/2012[2008-09]Status: DisposedITAT Kolkata20 Nov 2015AY 2008-09

Bench: Shri P.M. Jagtap & Shri S.S. Viswanethra Ravi

Section 14A

264 of 2003) and in the case of Dhanuka & Sons –vs.- CIT [12 I.T.A. No. 171/KOL./2012 Assessment year: 2008-2009 Page 5 of 10 Taxman.com.227), he confirmed the disallowance made by the Assessing Officer under section

KESORAM INDUSTRIES LIMITED,KOLKATA vs. ADDL C.I.T RG - 5,KOLKATA, KOLKATA

In the result the revenue’s appeals for A

ITA 773/KOL/2013[2009-10]Status: DisposedITAT Kolkata26 Apr 2018AY 2009-10

Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]

Section 10(34)

Showing 1–20 of 199 · Page 1 of 10

...
31
Revision u/s 26331
Deduction30
Section 143(3)
Section 14A
Section 250

disallowance of depreciation. Ground No. 2 of the Revenue’s appeal is dismissed. 18. Ground No. 3 of the revenue’s appeal is against the action of the Ld. CIT(A) in accepting the assessee’s claim for considering the market value of electricity for the purpose of section 80IA to be the average landed cost of electricity at which

ACIT, CIRCLE-5, KOLKATA, KOLKATA vs. M/S KESORAM INDUSTRIES. LTD, KOLKATA

In the result the revenue’s appeals for A

ITA 1722/KOL/2012[2008-2009]Status: DisposedITAT Kolkata26 Apr 2018AY 2008-2009

Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]

Section 10(34)Section 143(3)Section 14ASection 250

disallowance of depreciation. Ground No. 2 of the Revenue’s appeal is dismissed. 18. Ground No. 3 of the revenue’s appeal is against the action of the Ld. CIT(A) in accepting the assessee’s claim for considering the market value of electricity for the purpose of section 80IA to be the average landed cost of electricity at which

KESORAM INDUSTRIES LTD.,KOLKATA vs. ADD.CIT,RANGE-5,, KOLKATA

In the result the revenue’s appeals for A

ITA 1037/KOL/2012[2008-2009]Status: DisposedITAT Kolkata26 Apr 2018AY 2008-2009

Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]

Section 10(34)Section 143(3)Section 14ASection 250

disallowance of depreciation. Ground No. 2 of the Revenue’s appeal is dismissed. 18. Ground No. 3 of the revenue’s appeal is against the action of the Ld. CIT(A) in accepting the assessee’s claim for considering the market value of electricity for the purpose of section 80IA to be the average landed cost of electricity at which

D.C.I.T CIR - 5,KOLKATA, KOLKATA vs. M/S KESORAM INDUSTRIES LIMITED, KOLKATA

In the result the revenue’s appeals for A

ITA 1995/KOL/2013[2009-10]Status: DisposedITAT Kolkata26 Apr 2018AY 2009-10

Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]

Section 10(34)Section 143(3)Section 14ASection 250

disallowance of depreciation. Ground No. 2 of the Revenue’s appeal is dismissed. 18. Ground No. 3 of the revenue’s appeal is against the action of the Ld. CIT(A) in accepting the assessee’s claim for considering the market value of electricity for the purpose of section 80IA to be the average landed cost of electricity at which

KESORAM INDUSTRIES LTD.,KOLKATA vs. DCIT, CIR-5, KOLKATA, KOLKATA

In the result the revenue’s appeals for A

ITA 1188/KOL/2016[2008-09]Status: DisposedITAT Kolkata26 Apr 2018AY 2008-09

Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]

Section 10(34)Section 143(3)Section 14ASection 250

disallowance of depreciation. Ground No. 2 of the Revenue’s appeal is dismissed. 18. Ground No. 3 of the revenue’s appeal is against the action of the Ld. CIT(A) in accepting the assessee’s claim for considering the market value of electricity for the purpose of section 80IA to be the average landed cost of electricity at which

KESORAM INDUSTRIES LIMITED,KOLKATA vs. DCIT, CIRCLE-5(1), KOLKATA, KOLKATA

In the result the revenue’s appeals for A

ITA 505/KOL/2017[2009-10]Status: DisposedITAT Kolkata26 Apr 2018AY 2009-10

Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]

Section 10(34)Section 143(3)Section 14ASection 250

disallowance of depreciation. Ground No. 2 of the Revenue’s appeal is dismissed. 18. Ground No. 3 of the revenue’s appeal is against the action of the Ld. CIT(A) in accepting the assessee’s claim for considering the market value of electricity for the purpose of section 80IA to be the average landed cost of electricity at which

SOMA RANI GHOSH,KOLKATA vs. DCIT, CIR-49, KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed

ITA 1420/KOL/2015[2012-2013]Status: DisposedITAT Kolkata09 Sept 2016AY 2012-2013

Bench: Shri Waseem Ahmed & Shri K. Narasimha Chary

Section 194CSection 194C(6)Section 194C(7)Section 40

disallowed the sums u/s 40(a)(ia). The action of the AO is confirmed”. 9. A reading of the appellate order shows that the learned CIT dismissed the appeal of the assessee on the premise, firstly, that u/s 194C(1) ) r/w clause (c) to Explanation given below Sec. 194C(7) the assessee is a contractor making payments to the transporter

DCIT, CIRCLE - 48, KOLKATA, KOLKATA vs. SANJAY JAISWAL, HOWRAH

In the result, the cross objection of the assessee is allowed , appeals of the assessee and revenue are dismissed as infructuous

ITA 1649/KOL/2010[2004-05]Status: DisposedITAT Kolkata23 Mar 2016AY 2004-05

Bench: : Shri N.V.Vasudevan & Shri M. Balaganesh

For Appellant: Shri Gopal Ram Sharma, Advocate, ld.ARFor Respondent: Shri Debasish Lahiri, JCIT, ld. Sr.DR
Section 143Section 143(3)Section 153Section 153(3)Section 254

264 1[or in an order of any court in a proceeding otherwise than by way of appeal or reference under this Act] ; (iii) where, in the case of a firm, an assessment is made on a partner of the firm in consequence of an assessment made on the firm under section 147. 2.5.2. From the aforesaid provisions

DCIT, CIRCLE - 1, KOLKATA, KOLKATA vs. M/S. MCNALLY BHARAT ENGINEERING COMPANY LIMITED, KOLKATA

In the result, the Cross Objection of the assessee is allowed, whereas the appeal of the Revenue is dismissed

ITA 98/KOL/2011[2002-03]Status: DisposedITAT Kolkata09 Oct 2015AY 2002-03

Bench: Shri P.M. Jagtap & Shri S.S. Viswanethra Ravi

Section 143(3)Section 144

Disallowance on account of unverifiable payments of Rs.4,30,31,106/- included under the head ‘miscellaneous’. 4. Against the order of the Assessing Officer dated 31.12.2009 giving effect to the order of the Tribunal, an appeal was again preferred by the assessee before the ld. CIT(Appeals). In the said appeal, the assessee raised a preliminary issue challenging the validity

M/S HOOGHLY MILLS PROJECTS LTD.,KOLKATA vs. DCIT, CC-VII, KOLKATA, KOLKATA

In the result, the appeal of assessee is partly allowed

ITA 361/KOL/2014[2006-2007]Status: DisposedITAT Kolkata31 May 2016AY 2006-2007

Bench: : Shri S.S.Viswanethra Ravi

For Appellant: Shri S. Jhajharia, FCA, ld.ARFor Respondent: Shri Dinabandhu Naskar, JCIT, ld.DR
Section 115JSection 143(3)Section 2(22)(e)Section 250Section 254Section 263Section 264Section 40

disallowance of interest of Rs. 6,30,000/- paid to a party owing to the alleged failure to deduct tax at source u/s 40(a)(ia) of the Act without considering and appreciating the facts that the 2nd proviso to section 40(a)(ia) added by the F.A 2012 has retrospective effect and hence it is curative in nature applicable

D.C.I.T CIR - 1,KOLKATA, KOLKATA vs. M/S A.K.G FINVEST LTD, KOLKATA

In the result, appeal of revenue is dismissed

ITA 1341/KOL/2013[2009-2010]Status: DisposedITAT Kolkata15 Mar 2016AY 2009-2010

Bench: Shri Mahavir Singh, Jm & Shri M. Balaganesh, Am]

For Appellant: Shri Rajendra Prasad, JCITFor Respondent: Shri Ravi Tulsiyan, FCA
Section 143(3)Section 45Section 73

section 73 of the Income tax Act and treated the whole loss of Rs.39,74,24,220/- as speculative loss which was allowed to be carried forward. The assessee was a NBFC u/s 45 of RBI Act having income from interest, dividend and capital gains and was maintaining portfolio in investment of shares categorised as investment in this financial year

DCIT, CIR-12, KOLKATA, KOLKATA vs. M/S DALMIA SECURITIES PVT. LTD., KOLKATA

In the result, appeal filed by the Revenue on all the grounds are

ITA 325/KOL/2014[2009-2010]Status: DisposedITAT Kolkata08 Feb 2017AY 2009-2010

Bench: Shri A.T.Varkey, Jm & Dr. A.L.Saini, Am आयकर अपील सं./Ita No.325/Kol/2014 ("नधा"रण वष" /Assessment Year:2009-2010) Dcit, Circle-12 Vs. M/S Dalmia Securities Pvt. Ltd. P-7, Chowringhee Square, Ideal Plaza, 11/1, Sarat Bose Rd., Aayakar Bhawan, 7Th Floor, Kolkata-700020 Kolkata-700069 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aabcd 1813 G .. (अपीलाथ" /Appellant) (""यथ" / Respondent) & Cross Objection No.22/Kol/2014 ("नधा"रण वष" /Assessment Year:2009-2010) M/S Dalmia Securities Pvt. Ltd. Vs. Dcit, Circle-12 Ideal Plaza, 11/1, Sarat Bose P-7, Chowringhee Square, Aayakar Bhawan, 7Th Floor, Rd.,Kolkata-700020 Kolkata-700069 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aabcd 1813 G .. (अपीलाथ" /Appellant) (""यथ" / Respondent)

For Appellant: Shri Ashim Chowdhury, ARFor Respondent: Shri Rajat Kumar Kureel, JCIT
Section 143(3)Section 14ASection 94(7)

264/- as disallowance in terms of section 14A of the I. T. Act, 1961 being 1 % Rs.92,26,402 being

M/S. TEGA INDUSTRIES LIMITED,KOLKATA vs. D.C.I.T., CIRCLE - 11(1), KOLKATA

In the result, the appeal filed by the assessee is partly allowed

ITA 1875/KOL/2024[2020-2021]Status: DisposedITAT Kolkata11 Dec 2025AY 2020-2021

Bench: Shri George Mathan & Shri Rakesh Mishra

Section 143(3)Section 144Section 144C(5)Section 92BSection 92CSection 92C(3)

Disallowance of deduction claimed under section 80-IA of the Act 5.1 That on the facts and in the circumstances of the case and in law, The Ld. AO and Hon'ble DRP erred in not granting the deduction claimed by the Assessee under section 80-IA of the Act amounting to Rs. 4,88,57,264

MECLEOD RUSSEL INDIA LTD.,KOLKATA vs. A.C.I.T., CIRCLE - 4(1), KOLKATA, KOLKATA

The appeals of the assessee are partly allowed

ITA 454/KOL/2022[2017-2018]Status: DisposedITAT Kolkata17 Jun 2025AY 2017-2018

Bench: the due date of filing of return u/s 139(1) of the Act.

Section 115JSection 139(1)Section 143(3)Section 14ASection 2(24)(x)Section 36(1)(va)Section 37

disallowance of Rs. 61,99,971/- u/s 36(1)(va) read with section 2(24)(x) of the I.T. Act for employees' contribution towards the provident fund beyond the due date prescribed in the Act, but paid before the due date of filing of return u/s 139(1) of the Act. 7. For that the Assessing Officer has erred

MCLEOD RUSSEL INDIA LIMITED,KOLKATA vs. A.C.I.T., CIRCLE-4(1), KOLKATA, KOLKATA

The appeals of the assessee are partly allowed

ITA 458/KOL/2022[2018-2019]Status: DisposedITAT Kolkata17 Jun 2025AY 2018-2019

Bench: the due date of filing of return under Section 139(1) of the Act.

Section 115JSection 139(1)Section 143(3)Section 14ASection 2(24)(x)Section 36(1)(va)Section 37

disallowance of Rs. 61,99,971/- u/s 36(1)(va) read with section 2(24)(x) of the I.T. Act for employees' contribution towards the provident fund beyond the due date prescribed in the Act, but paid before the due date of filing of return u/s 139(1) of the Act. 7. For that the Assessing Officer has erred

ACIT, CENTRAL CIRCLE-3(3), KOLKATA, KOLKATA vs. M/S. PRAKASH PLY CENTRE PVT. LTD., KOLKATA

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

ITA 1314/KOL/2017[2012-13]Status: DisposedITAT Kolkata18 Sept 2019AY 2012-13

Bench: Shri S.S.Godara & Dr. A.L. Sainiit(Ss)A No.24-25/Kol/2017 &

Section 153ASection 153CSection 153c

264 of 2016) dated 24.08.2016: (Calcutta) In this case, the Honorable High Court observed that the Ld. I.TAT. Kolkata was of the opinion that the assessing officer had no jurisdiction u/s 153A of the I.T. Act to reopen the concluded cases when the search & seizure did not disclose any incriminating material. In taking the aforesaid view, the Learned ITAT relied

ACIT, CENTRAL CIRCLE-3(3), KOLKATA, KOLKATA vs. M/S. PRAKASH PLY CENTRE PVT. LTD., KOLKATA

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

ITA 1313/KOL/2017[2011-12]Status: DisposedITAT Kolkata18 Sept 2019AY 2011-12

Bench: Shri S.S.Godara & Dr. A.L. Sainiit(Ss)A No.24-25/Kol/2017 &

Section 153ASection 153CSection 153c

264 of 2016) dated 24.08.2016: (Calcutta) In this case, the Honorable High Court observed that the Ld. I.TAT. Kolkata was of the opinion that the assessing officer had no jurisdiction u/s 153A of the I.T. Act to reopen the concluded cases when the search & seizure did not disclose any incriminating material. In taking the aforesaid view, the Learned ITAT relied

D.C.I.T., CIRCLE-4, KOLKATA, KOLKATA vs. M/S. ROSSELL INDIA LTD., KOLKATA

In the result, Revenue’s appeal stands dismissed

ITA 2774/KOL/2013[2009-2010]Status: DisposedITAT Kolkata15 Mar 2017AY 2009-2010

Bench: Shri Aby.T Varkey & Shri Waseem Ahmedassessment Year:2009-10 Dcit, Circle-4, Kolkata V/S. M/S Rossell India Ltd. P-7, Chowringhee 21/1A/3, Darga Road, Square, Kolkata-69 Jindal Towers, Block B, 4Th Floor, Park Circus, Kolkta-700 017 [Pan Noaabcr 3736 J] .. अपीलाथ" /Appellant ""यथ"/Respondent

Section 10(34)Section 115JSection 143(3)Section 14A

sections (2) and (3) of sec. 14A and Sub-rule(l) of Rule 80, assessing officer had rightly invoked the said Rules for determining that portion of interest which is to be disallowed u/s 14A. Ld. CIT(A)'s observation was not correct more so when no opportunity was allowed to A.O. under Rule 46A to examine the fresh submission

INDIA GLYCOLS LIMITED,KOLKATA vs. JCIT, RANGE-12, KOLKATA, KOLKATA

In the result, the appeal filed by the assessee is partly allowed

ITA 114/KOL/2017[2011-2012]Status: DisposedITAT Kolkata24 Aug 2018AY 2011-2012

Bench: Shri S. S. Godara, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.114/Kol/2017 ("नधा"रणवष" / Assessment Year: 2011-12) India Glycols Limited Vs. Jcit, Range-12, Kolkata

For Appellant: Shri Anusl Agarwal, FCAFor Respondent: Shri S. Dasgupta, Addl. CIT(DR)
Section 10(34)Section 143(3)Section 14ASection 250

section 14A(2) r.w.r. 8D of the I.T Ruleswas invoked. Reliance in this respect was placed by the ld AO, on the decision of Hon’ble ITAT, Kolkata in the case of Champion Commercial Co. Lt,. in ITA No.644/Kol/2012 wherein the Hon’ble ITAT, Kolkata had relied on the observation of Hon’ble High Court of Bombay, in the case