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4 results for “disallowance”+ Section 135clear

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Key Topics

Section 143(3)3Disallowance3Deduction3Section 14A2Section 41(1)2Section 2632Section 80P2Addition to Income2

M/S R. S. SHETYE & BROS,PANAJI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE -1(1), PANAJI

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

ITA 37/PAN/2023[2016-17]Status: DisposedITAT Panaji27 Feb 2026AY 2016-17

Bench: Shri Pavan Kumar Gadale & Shri G D Padmahshalii T A. No.37/Pan/2023 (A.Y.2016-17) R.S.Shetye & Bros, Vs Acit 1(1), Flat.No.14, 1 St Floor, Aaykar Bhavan, . Trionara Apartments, Edc, Patto, New Muncipal Market, Panjim Panaji- Goa-403001. Goa-403001. Pan .No.Aabfr9785N (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent)

Section 3

section 3 ITA. No.37/PAN/2023 R.S.Shetye and Bros. 135 of the companies Act2013 shall not be deemed to be an expenditure incurred for the purpose of business and also the assessee has not proved that they are incurred /incidental to the business of the assessee and made disallowance

SALGAOCAR MINING INDUSTRIES PRIVATE LIMITED.,PANAJI vs. THE JOINT COMMISSIONER OF INCOME TAX, MARGAO RANGE., MARGAO

In the result, the appeal filed by the Revenue in ITA

ITA 118/PAN/2016[2011-12]Status: Disposed
ITAT Panaji
05 Oct 2023
AY 2011-12

Bench: SHRI INTURI RAMA RAO (Accountant Member), SHRI PARTHA SARATHI CHAUDHURY (Judicial Member)

For Appellant: Shri Sukhsagar SyalFor Respondent: Shri Prabhakar Anand
Section 143(3)Section 14ASection 41(1)

disallowance of Rs.2,82,83,020/- debited to the Profit & Loss Account and addition on account of discrepancy in the receipts as per Form 26AS and receipts accounted in the books of account Rs.53,00,135/-. The factual background of the above additions is as under :- liabilities as on 31.03.2011. The assessee filed the details of such outstanding deposits

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, MARGAO., MARGAO vs. M/S SALGAONCAR MINING INDUSTRIES PVT. LTD., PANAJI

In the result, the appeal filed by the Revenue in ITA

ITA 135/PAN/2016[2011-12]Status: DisposedITAT Panaji05 Oct 2023AY 2011-12

Bench: SHRI INTURI RAMA RAO (Accountant Member), SHRI PARTHA SARATHI CHAUDHURY (Judicial Member)

For Appellant: Shri Sukhsagar SyalFor Respondent: Shri Prabhakar Anand
Section 143(3)Section 14ASection 41(1)

disallowance of Rs.2,82,83,020/- debited to the Profit & Loss Account and addition on account of discrepancy in the receipts as per Form 26AS and receipts accounted in the books of account Rs.53,00,135/-. The factual background of the above additions is as under :- liabilities as on 31.03.2011. The assessee filed the details of such outstanding deposits

LOKOPAYOGI ILAKHE AND KARNATAKA NEERAVARI NOWAKARARA PATTIN SANGH NIYAMIT,BELAGAVI vs. PRINCIPAL COMMISSIONER OF INCOME TAX, HUBLI

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

ITA 120/PAN/2025[2020-21]Status: DisposedITAT Panaji25 Aug 2025AY 2020-21

Bench: Shri Pavan Kumar Gadale & Shri G D Padmahshalii T A. Nos.120/Pan/2025 (A.Y.2020-21 ) Lokopayogi Ilakhe & Vs. Pr.Cit, Karnataka Neerawari C.R.Building, Nawakara Pattinsangn Niymit, Navanagar, 1,Fort, Hubli-580025, Belagavi-590016, Karnataka Karnataka. Pan .No.Aaaal1333J (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent)

Section 143(3)Section 263Section 80PSection 80P(2)(d)

disallowed the claim of deduction u/sec80P of the Act to the extent of Rs.45,000/- being dividend income on shares held in the Belgaum District Central Cooperative Bank Ltd.Belagavi (BDCC Bank). The Ld. AR submitted that the assessee has disclosed the interest income and deposits held with the Belgaum District Central Cooperative Bank Ltd.Further the deduction of interest on deposits