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1,157 results for “disallowance”+ Section 40A(7)(b)clear

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Key Topics

Section 143(3)78Disallowance69Addition to Income66Section 26335Section 40A(2)(b)26Deduction26Section 4022Section 143(1)21Section 40A(2)21Section 68

DY. COMMISSIONER OF INCOME-TAX, MUMBAI vs. QUANTUM ADVISORS PVT. LTD., MUMBAI

In the result, the appeal of the Revenue is allowed

ITA 2438/MUM/2023[2015-16]Status: DisposedITAT Mumbai28 Nov 2023AY 2015-16

Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Year: 2015-16 Dcit-1(3)(1), M/S Quantum Advisors Pvt. Ltd., Room No. 535, 5Th Floor, 503, Regent Chambers, Nariman Vs. Aayakar Bhavan, Point, Mumbai-400021. M.K. Road, Mumbai-400020. Pan No. Aaacq 0281 C Appellant Respondent

For Appellant: Mr. Niraj SethFor Respondent: Mr. Rajendra Chandekar, DR

40A(2)(b) of the Act to disallow a portion of the expenditure is an altogether different dimension than invoking the expenditure is an altogether different dimension than invoking the expenditure is an altogether different dimension than invoking section 37(1) of the Act to say that the expenditure is not laid out section

ASST CIT 19(3), MUMBAI vs. PAHILAJRAI JAIKISHIN, MUMBAI

In the result, the appeal is allowed

Showing 1–20 of 1,157 · Page 1 of 58

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21
Section 14817
Bogus Purchases13
ITA 1562/MUM/2014[2010-11]Status: Disposed
ITAT Mumbai
01 Feb 2016
AY 2010-11

Bench: Shri Shailendra Kumar Yadav & Shri Ramit Kocharआयकर अपील सं./I.T.A. No.1562/Mum/2014 ("नधा"रण वष" / Assessment Year: 2010-11)

Section 14Section 143(2)Section 143(3)Section 14ASection 37(1)Section 40

40A and 43B deal with Business Disallowances. Keeping in mind the said scheme the position is that sections 30 to 38 are deductions which are limited by section 40. Therefore, even if an assessee is entitled to deduction under section 36(1)(iii), the assessee (firm) will not be entitled to claim deduction for interest payment exceeding 18/12 per cent

PAHILAJRAI JAIKISHAN,MUMBAI vs. DCIT 19(3), MUMBAI

In the result, the appeal is allowed

ITA 994/MUM/2014[2010-11]Status: DisposedITAT Mumbai01 Feb 2016AY 2010-11

Bench: Shri Shailendra Kumar Yadav & Shri Ramit Kocharआयकर अपील सं./I.T.A. No.1562/Mum/2014 ("नधा"रण वष" / Assessment Year: 2010-11)

Section 14Section 143(2)Section 143(3)Section 14ASection 37(1)Section 40

40A and 43B deal with Business Disallowances. Keeping in mind the said scheme the position is that sections 30 to 38 are deductions which are limited by section 40. Therefore, even if an assessee is entitled to deduction under section 36(1)(iii), the assessee (firm) will not be entitled to claim deduction for interest payment exceeding 18/12 per cent

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1(2)(1), MUMBAI, MUMBAI vs. BLEND FINANCIAL SERVICES LIMITED, MUMBAI

In the result, appeal of the R

ITA 8088/MUM/2025[2018-19]Status: DisposedITAT Mumbai13 Mar 2026AY 2018-19

Bench: Shri Om Prakash Kant (Account Member) & Ms. Kavitha Rajagopal () Assessment Year: 2018-19

For Appellant: Shri Rajesh SanghviFor Respondent: Shri Swapnil Choudhari (SR. DR)
Section 143(3)Section 37Section 40A(2)(b)

section 40A(2)(b) of the Act. Instead of determining the fair market value 40A(2)(b) of the Act. Instead of determining the fair market value 40A(2)(b) of the Act. Instead of determining the fair market value of the services rendered, the Assessing Officer adopted the of the services rendered, the Assessing Officer adopted

GRAMEEN IMPACT INVESTMENT INDIA PVT LTD,MUMBAI vs. NATIONAL -E ASSESSMENT CENTRE , DELHI

In the result, all the three appeals of the assessee are allowed

ITA 2375/MUM/2022[2018-19]Status: DisposedITAT Mumbai29 Dec 2022AY 2018-19

Bench: Shri Aby T Varkey () & Shri Om Prakash Kant () Assessment Year: 2018-19 Grameen Impact Investments India National-E-Assessment Pvt. Ltd., Centre, 306, 3Rd Floor, A Wing, Devroop Vs. New Delhi-110 001. Building, 36, Turner Road, Bandra West, Mumbai-400050. Pan No. Aaacr 9005 R Appellant Respondent Assessee By : Mr. K. Shivaram & Mr. Shashi Bekal, Ars : Revenue By Mr. Satyapal Kumar, Dr Date Of Hearing : 19/12/2022 Assessment Year: 2015-16 & Assessment Year: 2016-17 Grameen Impact Investments India Dy. Cit-13(3)(1), Pvt. Ltd., Room No. 229, Aayakar 306, 3Rd Floor, A Wing, Devroop Vs. Bhavan, M.K. Road, Building, 36, Turner Road, Bandra Mumbai-400050. West, Mumbai-400050. Pan No. Aaacr 9005 R Appellant Respondent

For Appellant: Mr. K. Shivaram & Mr. Shashi
Section 56

disallowance u/s 40A(2)(b) of the Act amounting to rs.2,98,20,988/-, has only 40A(2)(b) of the Act amounting to rs.2,98,20,988/ 40A(2)(b) of the Act amounting to rs.2,98,20,988/ Grameen Impact Investments India Pvt. Ltd. Grameen Impact Investments India Pvt. Ltd. ITA Nos. 2375, 2641 & 2640/M/2022 referred

DENTSU AEGIS NETWORK INDIA PRIVATE LIMITED(ERSTWHILE VIZEUM MEDIA SERVICE INDIA MERGED IN DAN INDIA),MUMBAI vs. INCOME TAX OFFICER, CIRCLE 8(3)(2), MUMBAI, MUMBAI

In the result, the appeal of the assessee is allowed

ITA 6122/MUM/2025[2014-15]Status: DisposedITAT Mumbai20 Feb 2026AY 2014-15

Bench: Shri Rahul Chaudhary & Shri Makarand Vasant Mahadeokardentsu Aegis Network Dcit Central India Private Limited Circle-1(1), (Erstwhile Vizeum Media Vs. Aayakar Bhavan, Service India Merged Maharashi Karve With Dentsu Aegis Marg, Mumbai-400 Network India Private 020 Limited W.E.F. 1St April 2017) 2Nd Floor, Devchand House, Dr. A. B. Road, Shiv Sagar Estate Mumbai, Worli So, Mumbai-400 018 Pan/Gir No. Aahca3058N (Applicant) (Respondent) Assessee By Shri Ketan Ved & Shri Abdul Kadir Jawadwala, Ld. Ars Revenue By Shri Annavaram Kosuri, Ld. Dr Date Of Hearing 02.02.2026 Date Of Pronouncement 20.02.2026

Section 142(1)Section 143(3)Section 250Section 37(1)Section 40Section 40A(2)(b)

disallowed the entire amount of Rs. 62,50,720/- comprising Rs. 46,23,220/- paid to M/s. Aegis Media India Pvt. Ltd. and Rs. 16,27,500/- paid to M/s. Carat Media Services Pvt. Ltd. under section 37(1) read with section 40A(2)(b) of the Act and added the same to the total income of the assessee. 7

ASST CIT CC-22, MUMBAI vs. JAWAHAR PUROHIT, MUMBAI

In the result, in the case of M

ITA 6847/MUM/2013[2005-06]Status: DisposedITAT Mumbai20 Sept 2017AY 2005-06

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 194CSection 201Section 21Section 40Section 40a

b) of the Act amounting to Rs. 17,500/-, disallowance restricted by CIT(A) for non-deduction of TDS under section 194C of the Act on transportation charges by invoking the provisions of section 40a(ia) of the Act amounting to Rs.21,87,810/-. The CIT(A) has also rightly deleted the addition of Rs. 10,00,000/-on labour

M. R. CONSTRUCTION,MUMBAI vs. ACIT CEN CIR 22, MUMBAI

In the result, in the case of M

ITA 790/MUM/2013[2005-06]Status: DisposedITAT Mumbai20 Sept 2017AY 2005-06

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 194CSection 201Section 21Section 40Section 40a

b) of the Act amounting to Rs. 17,500/-, disallowance restricted by CIT(A) for non-deduction of TDS under section 194C of the Act on transportation charges by invoking the provisions of section 40a(ia) of the Act amounting to Rs.21,87,810/-. The CIT(A) has also rightly deleted the addition of Rs. 10,00,000/-on labour

JAWAHAR B. PUROHIT,MUMBAI vs. ASST CIT CEN CIR 22XC, MUMBAI

In the result, in the case of M

ITA 7210/MUM/2013[2006-07]Status: DisposedITAT Mumbai20 Sept 2017AY 2006-07

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 194CSection 201Section 21Section 40Section 40a

b) of the Act amounting to Rs. 17,500/-, disallowance restricted by CIT(A) for non-deduction of TDS under section 194C of the Act on transportation charges by invoking the provisions of section 40a(ia) of the Act amounting to Rs.21,87,810/-. The CIT(A) has also rightly deleted the addition of Rs. 10,00,000/-on labour

JAWAHAR B. PUROHIT,MUMBAI vs. ASST CIT CEN CIR 22XC, MUMBAI

In the result, in the case of M

ITA 7214/MUM/2013[2010-11]Status: DisposedITAT Mumbai20 Sept 2017AY 2010-11

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 194CSection 201Section 21Section 40Section 40a

b) of the Act amounting to Rs. 17,500/-, disallowance restricted by CIT(A) for non-deduction of TDS under section 194C of the Act on transportation charges by invoking the provisions of section 40a(ia) of the Act amounting to Rs.21,87,810/-. The CIT(A) has also rightly deleted the addition of Rs. 10,00,000/-on labour

DCIT CEN CIR 22, MUMBAI vs. M.R. CONSTRUCTION, MUMBAI

In the result, in the case of M

ITA 3646/MUM/2013[2010-11]Status: DisposedITAT Mumbai20 Sept 2017AY 2010-11

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 194CSection 201Section 21Section 40Section 40a

b) of the Act amounting to Rs. 17,500/-, disallowance restricted by CIT(A) for non-deduction of TDS under section 194C of the Act on transportation charges by invoking the provisions of section 40a(ia) of the Act amounting to Rs.21,87,810/-. The CIT(A) has also rightly deleted the addition of Rs. 10,00,000/-on labour

JAWAHAR B. PUROHIT,MUMBAI vs. ASST CIT CEN CIR 22XC, MUMBAI

In the result, in the case of M

ITA 7208/MUM/2013[2004-05]Status: DisposedITAT Mumbai20 Sept 2017AY 2004-05

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 194CSection 201Section 21Section 40Section 40a

b) of the Act amounting to Rs. 17,500/-, disallowance restricted by CIT(A) for non-deduction of TDS under section 194C of the Act on transportation charges by invoking the provisions of section 40a(ia) of the Act amounting to Rs.21,87,810/-. The CIT(A) has also rightly deleted the addition of Rs. 10,00,000/-on labour

M.R. CONSTRUCTION,.,MUMBAI vs. ASST CIT CEN CIR 22, MUMBAI

In the result, in the case of M

ITA 3710/MUM/2013[2007-08]Status: DisposedITAT Mumbai20 Sept 2017AY 2007-08

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 194CSection 201Section 21Section 40Section 40a

b) of the Act amounting to Rs. 17,500/-, disallowance restricted by CIT(A) for non-deduction of TDS under section 194C of the Act on transportation charges by invoking the provisions of section 40a(ia) of the Act amounting to Rs.21,87,810/-. The CIT(A) has also rightly deleted the addition of Rs. 10,00,000/-on labour

M.R. CONSTRUCTION,.,MUMBAI vs. ASST CIT CEN CIR 22, MUMBAI

In the result, in the case of M

ITA 3711/MUM/2013[2008-09]Status: DisposedITAT Mumbai20 Sept 2017AY 2008-09

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 194CSection 201Section 21Section 40Section 40a

b) of the Act amounting to Rs. 17,500/-, disallowance restricted by CIT(A) for non-deduction of TDS under section 194C of the Act on transportation charges by invoking the provisions of section 40a(ia) of the Act amounting to Rs.21,87,810/-. The CIT(A) has also rightly deleted the addition of Rs. 10,00,000/-on labour

M.R. CONSTRUCTION,MUMBAI vs. ACIT CEN CIR 22,

In the result, in the case of M

ITA 3709/MUM/2013[2006-07]Status: DisposedITAT Mumbai20 Sept 2017AY 2006-07

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 194CSection 201Section 21Section 40Section 40a

b) of the Act amounting to Rs. 17,500/-, disallowance restricted by CIT(A) for non-deduction of TDS under section 194C of the Act on transportation charges by invoking the provisions of section 40a(ia) of the Act amounting to Rs.21,87,810/-. The CIT(A) has also rightly deleted the addition of Rs. 10,00,000/-on labour

DCIT CEN CIR 22, MUMBAI vs. M.R. CONSTRUCTION, MUMBAI

In the result, in the case of M

ITA 3645/MUM/2013[2007-08]Status: DisposedITAT Mumbai20 Sept 2017AY 2007-08

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 194CSection 201Section 21Section 40Section 40a

b) of the Act amounting to Rs. 17,500/-, disallowance restricted by CIT(A) for non-deduction of TDS under section 194C of the Act on transportation charges by invoking the provisions of section 40a(ia) of the Act amounting to Rs.21,87,810/-. The CIT(A) has also rightly deleted the addition of Rs. 10,00,000/-on labour

JAWAHAR B. PUROHIT,MUMBAI vs. ASST CIT CEN CIR 22XC, MUMBAI

In the result, in the case of M

ITA 7213/MUM/2013[2009-10]Status: DisposedITAT Mumbai20 Sept 2017AY 2009-10

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 194CSection 201Section 21Section 40Section 40a

b) of the Act amounting to Rs. 17,500/-, disallowance restricted by CIT(A) for non-deduction of TDS under section 194C of the Act on transportation charges by invoking the provisions of section 40a(ia) of the Act amounting to Rs.21,87,810/-. The CIT(A) has also rightly deleted the addition of Rs. 10,00,000/-on labour

JAWAHAR B. PUROHIT,MUMBAI vs. ASST CIT CEN CIR 22XC, MUMBAI

In the result, in the case of M

ITA 7211/MUM/2013[2007-08]Status: DisposedITAT Mumbai20 Sept 2017AY 2007-08

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 194CSection 201Section 21Section 40Section 40a

b) of the Act amounting to Rs. 17,500/-, disallowance restricted by CIT(A) for non-deduction of TDS under section 194C of the Act on transportation charges by invoking the provisions of section 40a(ia) of the Act amounting to Rs.21,87,810/-. The CIT(A) has also rightly deleted the addition of Rs. 10,00,000/-on labour

JAWAHAR B. PUROHIT,MUMBAI vs. ASST CIT CEN CIR 22XC, MUMBAI

In the result, in the case of M

ITA 7212/MUM/2013[2008-09]Status: DisposedITAT Mumbai20 Sept 2017AY 2008-09

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 194CSection 201Section 21Section 40Section 40a

b) of the Act amounting to Rs. 17,500/-, disallowance restricted by CIT(A) for non-deduction of TDS under section 194C of the Act on transportation charges by invoking the provisions of section 40a(ia) of the Act amounting to Rs.21,87,810/-. The CIT(A) has also rightly deleted the addition of Rs. 10,00,000/-on labour

ASST CIT CC-22, MUMBAI vs. JAWAHAR PUROHIT, MUMBAI

In the result, in the case of M

ITA 6848/MUM/2013[2006-07]Status: DisposedITAT Mumbai20 Sept 2017AY 2006-07

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 194CSection 201Section 21Section 40Section 40a

b) of the Act amounting to Rs. 17,500/-, disallowance restricted by CIT(A) for non-deduction of TDS under section 194C of the Act on transportation charges by invoking the provisions of section 40a(ia) of the Act amounting to Rs.21,87,810/-. The CIT(A) has also rightly deleted the addition of Rs. 10,00,000/-on labour