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3 results for “disallowance”+ Section 197A(2)clear

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Delhi6Chennai6Cochin4Bangalore3Jaipur3Mumbai3Nagpur3Chandigarh1Pune1Lucknow1

Key Topics

Section 4015Section 143(3)4Section 44Section 1973Disallowance3Section 197A2Section 32Deduction2TDS2Addition to Income

COLO COLOUR PRIVATE LIMITED ,MUMBAI vs. INCOME TAX OFFICER- WARD 6(2)(1), MUMBAI

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

ITA 817/MUM/2024[2018-19]Status: DisposedITAT Mumbai26 Sept 2024AY 2018-19

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2018-19 Colo Colour Pvt. Ltd., Ito-Ward-6(2)(1), 1St Floor, Dadar Departmental Stores, Aayakar Bhavan, Vs. M.C. Jawale Marg, Dadar West, Mumbai-400021. Mumbai-400028. Pan No. Aabcc 3349 L Appellant Respondent

For Appellant: Mr. Krishnakumar, Sr. DRFor Respondent: Ms. Dinkle Hariya
Section 197Section 40

disallow 30% of inerest on unsecured loan paid of Rs. 9,38,61,640/ loan paid of Rs. 9,38,61,640/- ie.Rs.2,81,58,4921- under section 4 under section 40(a)(ia) of the Act and add it to the income returned by the assessee company. of the Act and add it to the income returned

THE MUNICIPAL COOPERATIVE BANK LTD.,MUMBAI vs. DCIT, CIRCLE-1(3)(1), MUMBAI

2

In the result, appeals of the assessee are partly allowed

ITA 4143/MUM/2024[2018-19]Status: DisposedITAT Mumbai29 Jan 2025AY 2018-19

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

Section 143(3)Section 197ASection 3Section 4Section 40

disallowed the commission expenses on the ground that TDS was not deducted. However, it has pointed out before us that the CBDT has issued a notification dated 17/06/2016 being Notification No.47 of 2016, The Municipal Co-operative Bank Ltd wherein it has categorically directed that any payment system authorised by RBI under sub-section (2) of Section

THE MUNICIPAL COOPERATIVE BANK LTD. ,MUMBAI vs. DCIT , CIRCLE-1(3)(1), MUMBAI

In the result, appeals of the assessee are partly allowed

ITA 4144/MUM/2024[2014-15]Status: DisposedITAT Mumbai29 Jan 2025AY 2014-15
Section 143(3)Section 197ASection 3Section 4Section 40

disallowed the commission\nexpenses on the ground that TDS was not deducted. However, it\nhas pointed out before us that the CBDT has issued a\nnotification dated 17/06/2016 being Notification No.47 of 2016,\nwherein it has categorically directed that any payment system\nauthorised by RBI under sub-section (2) of Section 4 of the\nPayment Settlement Systems