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12 results for “disallowance”+ Section 40bclear

Sorted by relevance

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Key Topics

Section 37(1)12Section 40C9Section 40A(3)9Section 408Disallowance8Section 43B7Section 143(3)7Section 270A6Section 414Penalty

MSTC LIMITED,KOLKATA vs. JCIT(OSD) CIT - I,KOLKATA, KOLKATA

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

ITA 1536/KOL/2013[2009-10]Status: DisposedITAT Kolkata08 Jun 2016AY 2009-10

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

disallowance of provision for undisbursed leave salary under section 40B(f), it is observed that the similar issue has been

NATIONAL INSURANCE COMPANY LIMITED,NEW TOWN vs. DCIT, CIRCLE 5(1),, KOLKATA

In the result, the appeal filed by the assessee in ITA No

ITA 2806/KOL/2025[2023-2024]Status: DisposedITAT Kolkata12 Feb 2026AY 2023-2024

Bench: Shri George Mathan & Shri Rakesh Mishra

Section 250Section 270ASection 37(1)
4
Deduction4
Addition to Income4
Section 40C

section 40B of the Insurance Act, 1938 which provides for the limitation of expenses of management in the life insurance business and is not applicable to the assessee since the assessee is not into life insurance business and therefore, Rule 40C is applicable: “40B. Limitation of expenses of management in life insurance business. — No insurer shall, in respect of insurance

NATIONAL INSURANCE COMPANY LIMITED,NEW TOWN vs. DCIT, CIRCLE 5(1),, KOLKATA

In the result, the appeal filed by the assessee in ITA No

ITA 2803/KOL/2025[2018-2019]Status: DisposedITAT Kolkata12 Feb 2026AY 2018-2019

Bench: Shri George Mathan & Shri Rakesh Mishra

Section 250Section 270ASection 37(1)Section 40C

section 40B of the Insurance Act, 1938 which provides for the limitation of expenses of management in the life insurance business and is not applicable to the assessee since the assessee is not into life insurance business and therefore, Rule 40C is applicable: “40B. Limitation of expenses of management in life insurance business. — No insurer shall, in respect of insurance

NATIONAL INSURANCE COMPANY LIMITED,NEW TOWN vs. DCIT, CIRCLE 5(1),, KOLKATA

In the result, the appeal filed by the assessee in ITA No

ITA 2804/KOL/2025[2018-2019]Status: DisposedITAT Kolkata12 Feb 2026AY 2018-2019

Bench: Shri George Mathan & Shri Rakesh Mishra

Section 250Section 270ASection 37(1)Section 40C

section 40B of the Insurance Act, 1938 which provides for the limitation of expenses of management in the life insurance business and is not applicable to the assessee since the assessee is not into life insurance business and therefore, Rule 40C is applicable: “40B. Limitation of expenses of management in life insurance business. — No insurer shall, in respect of insurance

MANABARRIE TEA COMPANY. ,KOLKATA vs. ITO, WD-7(1), KOLKATA. , KOLKATA

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

ITA 616/KOL/2023[2021-22]Status: DisposedITAT Kolkata05 Sept 2023AY 2021-22

Bench: Shri Sonjoy Sarma & Shri Girish Agrawal]

Section 41Section 43B

40B of the Act. He further contended that since once it is disallowed by the assessee its own in such circumstances no further disallowance can be made in the assessment year 2021-22 by CPC and as such view taken by CPC is uncalled for. 7. On the other hand, ld. DR objected to the prayer made

ITO, WD-29(1), KOLKATA, KOLKATA vs. M/S SPECIAL LEATHER INDUSTRIES, KOLKATA

In the result, the appeal (ITA No

ITA 1505/KOL/2015[2008-09]Status: DisposedITAT Kolkata24 Jan 2018AY 2008-09

Bench: : Shri J. Sudhakar Reddy & Shri S.S.Viswanethra Ravi

For Appellant: Shri Saurabh Kumar, Addl.CIT, ld. Sr.DRFor Respondent: Shri S.M. Surana, Advocate, ld.AR
Section 131Section 133ASection 143(3)Section 40A(3)

section 40A(3) of the Act and the addition made by the AO is not at all maintainable. The CIT-A considering the evidences, ledger copies and submissions of the assessee has rightly directed the AO to give the deduction. He relied on the order of the CIT-A and prayed to dismiss the ground no. 1 raised

LEXICON COMMERCIAL ENTERPRISES LIMITED,KOLKATA vs. ITO, WD-1(4), KOLKATA, KOLKATA

In the result the appeal of the assessee is allowed for statistical purposes

ITA 1399/KOL/2016[2010-11]Status: DisposedITAT Kolkata17 Mar 2017AY 2010-11

Bench: Hon’Ble Shri Waseem Ahmed & Shri S.S.Viswanethra Ravi

Section 143(3)

40B, Princep Street, Chowringhee Square, Kolkata-700069. Kolkata-700072. PANNo.:AAACL5025 H .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Manoj Kataruka, Advocate अपीलाथ" क" ओर से/By Appellant Shri Rajat Kr. Kureel JCIT-DR ""यथ" क" ओर से/By Respondent 20.01.2017 सुनवाई क" तार"ख/Date of Hearing घोषणा क" तार"ख/Date of Pronouncement 17.03.2017 आदेश

DCIT,CIR -1(1), KOLKATA, KOLKATA vs. M/S. LEXICON AUTO LIMITED, KOLKATA

In the result, Grounds No

ITA 1354/KOL/2016[2008-09]Status: DisposedITAT Kolkata19 Feb 2018AY 2008-09

Bench: Shri Waseem Ahmed & Shri S.S.Viswanethra Raviassessment Year:2008-09

Section 143(3)

40B, Princep Street Kolkata-700072 To The Deputy Commissioner of Income Tax Circle-1 Aaykar Bhawan P-7, Chowringhee Square Kolkata Dear Sir, PAN No: AAACL4684 L Assessment Year : 2008-2009 Sub: Scrutiny Assessment Proceedings – Matter regarding With reference to the aforesaid Assessment Year and in compliance to your requisition the details called for were furnished from time to time

M/S. AUTO CARRIAGE FINANCE (P) LTD., ,KOLKATA vs. ITO, WARD - 1(4), KOLKATA , KOLKATA

In the result, the appeal of the assessee is treated as allowed for statistical purpose

ITA 77/KOL/2018[2011-12]Status: DisposedITAT Kolkata06 Jul 2018AY 2011-12

Bench: Shri P.M. Jagtap, Am] I.T.A. No. 77/Kol/2018 Assessment Year: 2011-12 M/S. Auto Carriage Finance (P) Ltd....................................…………………………………Appellant 40B, Princep Street, Kolkata – 700 072. [Pan: Aadca 9293 M] Income Tax Officer Kolkata...................…………………………………………….............Respondent Ward No. 1(4), P-7, Chowringhee Square, Kolkata – 700 069. Appearances By: Shri Manoj Kataruka, Advocate Appearing On Behalf Of The Assessee. Shri Satyajit Mondal, Addl. Cit Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : May 30, 2018 Date Of Pronouncing The Order : July 06, 2018 Order This Appeal Filed By The Assessee Is Directed Against The Order Of Ld. Cit (Appeals) – 1, Kolkata Dated 20.10.2017 Passed Ex-Parte Whereby He Dismissed The Appeal Of The Assessee.

Section 143(3)

disallowance of Rs. 4,90,664/- and Rs. 34,601/- on account of interest expenses and donation and subscription respectively. 2 I.T.A. No.77/Kol/2018 Assessment Year: 2011-12 M/s. Auto Carriage Finance (P) Ltd. 3. Against the order passed by the A.O. under section 143(3), an appeal was preferred by the assessee before the Ld. CIT(A) and since there

DCIT, CIR-10(1), KOLKATA, KOLKATA vs. M/S LABORATORIES GRIFFON PVT. LTD., KOLKATA

In the result, appeal of revenue is dismissed and CO of assessee is partly allowed

ITA 133/KOL/2016[2011-2012]Status: DisposedITAT Kolkata11 Apr 2018AY 2011-2012

Bench: "ी जे. सुधाकर रे"डी, लेखा सद"य एवं/And "ी ऐ. ट". वक", "यायीक सद"य) [Before Shri J. Sudhakar Reddy, Am & Shri A. T. Varkey, Jm]

Section 36(1)(iii)Section 37

section 194C would not be attracted in the later case. So to adjudicate this issue let us look into the relevant clauses of the agreement between assessee and M/s STP 9 ITA No.133/Kol/2016 & CO No.15/Cal/2016 Laboratories Griffon Pvt. Ltd., AY- 2011-12 regard, the relevant extracts of the said agreement dated 22.02.2010 ( page nos. 80-88 of the paper-book

PRINCE WATERHOUSE,KOLKATA vs. ACIT, CIR-54, KOLKATA, KOLKATA

In the result both the appeals are allowed

ITA 1277/KOL/2014[2009-2010]Status: DisposedITAT Kolkata11 May 2016AY 2009-2010

Bench: Hon’Ble Shri P.M.Jagtap, Am & Sri N.V.Vasudevan, Jm ] I.T.A No. 1277/Kol/2014 Assessment Year : 2009-10

For Appellant: Shri C.S.Agarwal, Sr.Advocate & Shri K.M.Gupta,AdvocateFor Respondent: Shri G.Mallikarjuna, CIT.DR
Section 143(3)Section 263Section 40Section 44A

section— (a) on the first Rs. 1,00,000 of Rs. 50,000 or at the rate of the book-profit or in case of a 90 per cent of the book- loss profit, whichever is more; (b) on the next Rs. 1,00,000 of at the rate of 60 per cent; the book-profit (c) on the balance

LOVELOCK AND LEWES,KOLKATA vs. ACIT, CIR-54, KOLKATA, KOLKATA

In the result both the appeals are allowed

ITA 1278/KOL/2014[2009-2010]Status: DisposedITAT Kolkata11 May 2016AY 2009-2010

Bench: Hon’Ble Shri P.M.Jagtap, Am & Sri N.V.Vasudevan, Jm ] I.T.A No. 1277/Kol/2014 Assessment Year : 2009-10

For Appellant: Shri C.S.Agarwal, Sr.Advocate & Shri K.M.Gupta,AdvocateFor Respondent: Shri G.Mallikarjuna, CIT.DR
Section 143(3)Section 263Section 40Section 44A

section— (a) on the first Rs. 1,00,000 of Rs. 50,000 or at the rate of the book-profit or in case of a 90 per cent of the book- loss profit, whichever is more; (b) on the next Rs. 1,00,000 of at the rate of 60 per cent; the book-profit (c) on the balance