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533 results for “disallowance”+ Section 40A(9)clear

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Key Topics

Addition to Income84Section 143(3)74Disallowance65Section 40A(3)62Deduction39Section 271(1)(c)28Section 26326Section 12A24Section 40A(2)(a)22Section 143(2)

SHREE RAM CARGO PRIVATE LIMITED,PUNE vs. INCOME TAX OFFICER, WARD 6(5), PUNE, PMT BUILDING, SHANKAR SHET ROAD, PUNE

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

ITA 1568/PUN/2024[2015-16]Status: DisposedITAT Pune16 Dec 2024AY 2015-16

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.1568/Pun/2024 "नधा"रण वष" / Assessment Year : 2015-16 Shree Ram Cargo Private Limited, Vs. Ito, Ward-6(5), 3-A & B, Archies Court, Pune Shankar Shet Road, Pune 411 037 Maharashtra Pan : Aalcs3844A Appellant Respondent

For Appellant: Shri Nikhil MuthaFor Respondent: Shri Ajay Kumar Keshari
Section 143(2)Section 143(3)Section 250Section 40Section 40ASection 40A(3)

section 40A(3) of the Act together with its amendments and decided judicial precedents relied upon hereinabove, we hold that no disallowance u/s 40A(3) of the Act is warranted in the facts and circumstances of the case. Accordingly, the Ground No. 3 raised by the assessee is allowed.” 9

Showing 1–20 of 533 · Page 1 of 27

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16
Section 43B16
Natural Justice15

SURESH CHUNNILAL SHARMA,,PARBHANI vs. INCOME-TAX OFFICER, WARD - PARBHANI,, PARBHANI

In the result, the appeal is partly allowed for statistical

ITA 1883/PUN/2018[2013-14]Status: DisposedITAT Pune16 Feb 2021AY 2013-14

Bench: Shri R.S. Syalआयकर अपील सं. / Ita No.1883/Pun/2018 िनधा"रण वष" / Assessment Year : 2013-14

Section 40A(3)

disallowance. Once the cases and circumstances have been exhaustively prescribed in rule 6DD, one cannot go back 8 Suresh Chunnilal Sharma to section 40A(3) for seeking shelter under the words `business expediency’ used in it and suo motu invent any other case or circumstance requiring exclusion from the rigour of section 40A(3). The situation would have been different

MR. VIMALKUMAR JEEVRAJ NAHAR,HYDERABAD vs. ACIT, CENTRAL CIRCLE 1(1), PUNE

In the result, appeals of assessee for assessment years 2007-08 and 2008-09 are allowed and appeal for assessment year 2010-11 is partly allowed and the appeals of Revenue for all three years are d...

ITA 1362/PUN/2013[2007-08]Status: DisposedITAT Pune25 Jan 2018AY 2007-08

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.1347 To 1349/Pun/2013 यििाारण वषा / Assessment Years : 2007-08, 2008-09 & 2010-11 The Asst. Commissioner Of Income Tax, अऩीऱाथी/Appellant Central Circle 1(1), Pune …. Vs. Shri Vimalkumar Jeevraj Nahar, D.No.10-1-128/3/A/3, Nahar Niwas, Masab Tank, …. प्रत्यथी / Respondent Hyderabad – 500028 Pan: Abfpn1614D

For Appellant: Shri Kishore PhadkeFor Respondent: Mrs. Nirupama Kotru, CIT
Section 132(1)Section 153A

9. The learned Departmental Representative for the Revenue on the other hand, pointed out that SLP has been admitted against decision of the Hon’ble Bombay High Court in CIT Vs. Continental Warehousing Corporation (supra). 10. We have heard the rival contentions and perused the record. Pursuant to search on the premises of assessee, proceedings under section 153A

MR. VIMALKUMAR JEEVRAJ NAHAR,HYDERABAD vs. ACIT, CENTRAL CIRCLE 1(1), PUNE

In the result, appeals of assessee for assessment years 2007-08 and 2008-09 are allowed and appeal for assessment year 2010-11 is partly allowed and the appeals of Revenue for all three years are d...

ITA 1363/PUN/2013[2008-09]Status: DisposedITAT Pune25 Jan 2018AY 2008-09

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.1347 To 1349/Pun/2013 यििाारण वषा / Assessment Years : 2007-08, 2008-09 & 2010-11 The Asst. Commissioner Of Income Tax, अऩीऱाथी/Appellant Central Circle 1(1), Pune …. Vs. Shri Vimalkumar Jeevraj Nahar, D.No.10-1-128/3/A/3, Nahar Niwas, Masab Tank, …. प्रत्यथी / Respondent Hyderabad – 500028 Pan: Abfpn1614D

For Appellant: Shri Kishore PhadkeFor Respondent: Mrs. Nirupama Kotru, CIT
Section 132(1)Section 153A

9. The learned Departmental Representative for the Revenue on the other hand, pointed out that SLP has been admitted against decision of the Hon’ble Bombay High Court in CIT Vs. Continental Warehousing Corporation (supra). 10. We have heard the rival contentions and perused the record. Pursuant to search on the premises of assessee, proceedings under section 153A

MR. VIMALKUMAR JEEVRAJ NAHAR,HYDERABAD vs. ACIT, CENTRAL CIRCLE 1(1), PUNE

In the result, appeals of assessee for assessment years 2007-08 and 2008-09 are allowed and appeal for assessment year 2010-11 is partly allowed and the appeals of Revenue for all three years are d...

ITA 1364/PUN/2013[2010-11]Status: DisposedITAT Pune25 Jan 2018AY 2010-11

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.1347 To 1349/Pun/2013 यििाारण वषा / Assessment Years : 2007-08, 2008-09 & 2010-11 The Asst. Commissioner Of Income Tax, अऩीऱाथी/Appellant Central Circle 1(1), Pune …. Vs. Shri Vimalkumar Jeevraj Nahar, D.No.10-1-128/3/A/3, Nahar Niwas, Masab Tank, …. प्रत्यथी / Respondent Hyderabad – 500028 Pan: Abfpn1614D

For Appellant: Shri Kishore PhadkeFor Respondent: Mrs. Nirupama Kotru, CIT
Section 132(1)Section 153A

9. The learned Departmental Representative for the Revenue on the other hand, pointed out that SLP has been admitted against decision of the Hon’ble Bombay High Court in CIT Vs. Continental Warehousing Corporation (supra). 10. We have heard the rival contentions and perused the record. Pursuant to search on the premises of assessee, proceedings under section 153A

ACIT, PUNE vs. SHRI VIMALKUMAR JEEVRAJ NAHAR,

In the result, appeals of assessee for assessment years 2007-08 and 2008-09 are allowed and appeal for assessment year 2010-11 is partly allowed and the appeals of Revenue for all three years are d...

ITA 1349/PUN/2013[2010-11]Status: DisposedITAT Pune25 Jan 2018AY 2010-11

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.1347 To 1349/Pun/2013 यििाारण वषा / Assessment Years : 2007-08, 2008-09 & 2010-11 The Asst. Commissioner Of Income Tax, अऩीऱाथी/Appellant Central Circle 1(1), Pune …. Vs. Shri Vimalkumar Jeevraj Nahar, D.No.10-1-128/3/A/3, Nahar Niwas, Masab Tank, …. प्रत्यथी / Respondent Hyderabad – 500028 Pan: Abfpn1614D

For Appellant: Shri Kishore PhadkeFor Respondent: Mrs. Nirupama Kotru, CIT
Section 132(1)Section 153A

9. The learned Departmental Representative for the Revenue on the other hand, pointed out that SLP has been admitted against decision of the Hon’ble Bombay High Court in CIT Vs. Continental Warehousing Corporation (supra). 10. We have heard the rival contentions and perused the record. Pursuant to search on the premises of assessee, proceedings under section 153A

ACIT, PUNE vs. SHRI VIMALKUMAR JEEVRAJ NAHAR,

In the result, appeals of assessee for assessment years 2007-08 and 2008-09 are allowed and appeal for assessment year 2010-11 is partly allowed and the appeals of Revenue for all three years are d...

ITA 1347/PUN/2013[2007-08]Status: DisposedITAT Pune25 Jan 2018AY 2007-08

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.1347 To 1349/Pun/2013 यििाारण वषा / Assessment Years : 2007-08, 2008-09 & 2010-11 The Asst. Commissioner Of Income Tax, अऩीऱाथी/Appellant Central Circle 1(1), Pune …. Vs. Shri Vimalkumar Jeevraj Nahar, D.No.10-1-128/3/A/3, Nahar Niwas, Masab Tank, …. प्रत्यथी / Respondent Hyderabad – 500028 Pan: Abfpn1614D

For Appellant: Shri Kishore PhadkeFor Respondent: Mrs. Nirupama Kotru, CIT
Section 132(1)Section 153A

9. The learned Departmental Representative for the Revenue on the other hand, pointed out that SLP has been admitted against decision of the Hon’ble Bombay High Court in CIT Vs. Continental Warehousing Corporation (supra). 10. We have heard the rival contentions and perused the record. Pursuant to search on the premises of assessee, proceedings under section 153A

DEPUTY COMMISSIONER OF INCOME-TAX vs. ASSOCIATED DAIRY FAB PVT. LTD.,, JALGAON

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

ITA 211/PUN/2014[2009-10]Status: DisposedITAT Pune09 Feb 2018AY 2009-10

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.177/Pun/2014 यििाारण वषा / Assessment Year : 2009-10 Associated Dairy Fab Pvt. Ltd., B-5/1, Midc Area, Ajantha Road, अऩीऱाथी/Appellant Jalgaon – 425003 …. Pan: Aaeca3963F Vs. The Jt. Commissioner Of Income Tax, …. प्रत्यथी / Respondent Range – 2, Jalgaon

For Appellant: Shri Nikhil PathakFor Respondent: Shri Mukesh Jha
Section 143(3)(ii)Section 40A(3)

section 40A(2)(b) of the Act in the hands of assessee on account of remuneration paid to the directors. The grounds of appeal No.5 to 5.2 are thus, partly allowed. 17. Coming to the appeal filed by the Revenue, wherein several grounds of appeal have been raised. Both the learned Authorized Representatives were heard on each of the grounds

ASSOCIATED DAIRY FAB PVT. LTD.,,JALGAON vs. JOINT COMMISSIONER OF INCOME-TAX,,

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

ITA 177/PUN/2014[2009-10]Status: DisposedITAT Pune09 Feb 2018AY 2009-10

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.177/Pun/2014 यििाारण वषा / Assessment Year : 2009-10 Associated Dairy Fab Pvt. Ltd., B-5/1, Midc Area, Ajantha Road, अऩीऱाथी/Appellant Jalgaon – 425003 …. Pan: Aaeca3963F Vs. The Jt. Commissioner Of Income Tax, …. प्रत्यथी / Respondent Range – 2, Jalgaon

For Appellant: Shri Nikhil PathakFor Respondent: Shri Mukesh Jha
Section 143(3)(ii)Section 40A(3)

section 40A(2)(b) of the Act in the hands of assessee on account of remuneration paid to the directors. The grounds of appeal No.5 to 5.2 are thus, partly allowed. 17. Coming to the appeal filed by the Revenue, wherein several grounds of appeal have been raised. Both the learned Authorized Representatives were heard on each of the grounds

UTTAMSING R. PAWAR,,JALGAON vs. INCOME-TAX OFFICER,,

In the result, appeal of the assessee is dismissed

ITA 1477/PUN/2016[2010-11]Status: DisposedITAT Pune23 Mar 2018AY 2010-11

Bench: Shri D. Karunakara Rao, Am

For Appellant: Shri Nikhil PathakFor Respondent: Shri Ajay Modi, JCIT
Section 40A(3)

9 are relevant. “6. The Hon’ble Supreme Court of India in the case of Attar singh Gurmukh Singh Vs. Income Tax Officer (supra) under similar circumstances deleted the disallowances made u/s. 40A(3) by holding as under : “4. As to the validity of section

PANDURANG DAYANAND HIREMATH,,KOLHAPUR vs. INCOME TAX OFFICER,, KOLHAPUR

In the result, appeal of assessee is allowed

ITA 520/PUN/2017[2011-12]Status: DisposedITAT Pune25 Apr 2018AY 2011-12

Bench: Ms. Sushma Chowla, Jm आयकर अपीऱ सं. / Ita No.520/Pun/2017 यििाारण वषा / Assessment Year : 2011-12

For Appellant: NoneFor Respondent: Shri Mukesh Jha
Section 143(3)Section 40A(3)

section 40A(3) of the Act, the first condition is that the payment should be made otherwise than crossed cheque or bank draft exceeding ₹ 20,000/- in a day. In respect of two of the payments, the case of assessee is that the same were paid through cheques. The evidences in this regard were filed. However, the same were

ADIENT INDIA PVT.LTD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 1(1),, PUNE

In the result, the appeal is allowed for statistical purposes

ITA 2986/PUN/2017[2013-14]Status: DisposedITAT Pune31 May 2021AY 2013-14

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviनिर्धारण वषा / Assessment Year : 2013-14 Adient India Private Limited Vs. Dcit, Plot No.1, S No.235 & 245, Circle-1(1), Pune Hinjewadi, Tal-Mulshi, Pune - 411057 Pan : Aaact6342D Appellant Respondent Assessee By Shri Dhanesh Bafna Revenue By S/Shri Kalika Singh & Madhavan A.M. Krishnan Date Of Hearing 27-05-2021 Date Of Pronouncement 31-05-2021 आदेश / Order Per R.S.Syal, Vp : This Appeal By The Assessee Is Directed Against The Final Assessment Order Dated 27-10-2017 Passed By The Assessing Officer (Ao) U/S.143(3) Read With Section 144C(13) Of The Income-Tax Act, 1961 (Hereinafter Also Called ‗The Act‘) In Relation To The Assessment Year 2013-14. 2. The Only Issue Raised In This Appeal Is Against Transfer Pricing Addition Of Rs.5,95,39,429. Succinctly, The Factual Matrix Of The Case Is That The Assessee Was Earlier A 50:50 Joint

Section 143(3)Section 144C(13)

disallowance u/s 40A(2) is of no avail in determining the ALP of SDTs under the transfer pricing provisions. Once the ALP is to be determined under Chapter X, one needs to strictly adhere to the mechanism set out in the respective methods and not go arbitrarily by any non- prescribed mode or method. Vindicating the assessee‘s contention

DEPUTY COMMISSIONER OF INCOME-TAX,, PUNE vs. M/S. IGATE COMPUTER SYSTEM LTD.,, PUNE

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

ITA 299/PUN/2016[2011-12]Status: DisposedITAT Pune18 Mar 2019AY 2011-12

Bench: Ms. Sushma Chowla, Jm & Shri D. Karunakara Rao, Am आयकर अपीऱ सं. / Ita No.74/Pun/2016 यििाारण वषा / Assessment Year : 2011-12 Capgemini Technology Services India Ltd., (In The Matter Of Erstwhile Igate Computer Systems Ltd. Formerly Known As Patni Computer Systems Ltd. & Since Amalgamated With Igate Global Solutions Ltd. & Now Name Changed To Capgemini Technology Services India Ltd.) Plot No.14, Rajiv Gandhi Infotech Park, Hinjewadi, Phase-Iii, Midc-Sez, Village Man, Taluka Mulshi, अऩीऱाथी/Appellant Hinjewadi, Pune – 411057 …. Pan:Aabcp6219N Vs. The Dy. Commissioner Of Income Tax …. प्रत्यथी / Respondent Circle 11, Pune आयकर अपीऱ सं. / Ita No.299/Pun/2016 यििाारण वषा / Assessment Year : 2011-12

For Appellant: Shri C.H. Naniwadekar
Section 10ASection 10A(2)Section 143(3)Section 234C

40a(i) in respect of disallowance made in connection with foreign remittance made towards software and other services where TDS was not deducted. 5. The learned Authorized Representative for the assessee pointed out that major of the issues raised in cross appeals are covered by the order of Tribunal in assessee’s own case relating to assessment year

CAPGEMINI TECHNOLOGY SERVICES INDIA LTD., (FORMERLY IGATE GLOBAL SOLUTIONS LTD.,),PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,, PUNE

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

ITA 74/PUN/2016[2011-12]Status: DisposedITAT Pune18 Mar 2019AY 2011-12

Bench: Ms. Sushma Chowla, Jm & Shri D. Karunakara Rao, Am आयकर अपीऱ सं. / Ita No.74/Pun/2016 यििाारण वषा / Assessment Year : 2011-12 Capgemini Technology Services India Ltd., (In The Matter Of Erstwhile Igate Computer Systems Ltd. Formerly Known As Patni Computer Systems Ltd. & Since Amalgamated With Igate Global Solutions Ltd. & Now Name Changed To Capgemini Technology Services India Ltd.) Plot No.14, Rajiv Gandhi Infotech Park, Hinjewadi, Phase-Iii, Midc-Sez, Village Man, Taluka Mulshi, अऩीऱाथी/Appellant Hinjewadi, Pune – 411057 …. Pan:Aabcp6219N Vs. The Dy. Commissioner Of Income Tax …. प्रत्यथी / Respondent Circle 11, Pune आयकर अपीऱ सं. / Ita No.299/Pun/2016 यििाारण वषा / Assessment Year : 2011-12

For Appellant: Shri C.H. Naniwadekar
Section 10ASection 10A(2)Section 143(3)Section 234C

40a(i) in respect of disallowance made in connection with foreign remittance made towards software and other services where TDS was not deducted. 5. The learned Authorized Representative for the assessee pointed out that major of the issues raised in cross appeals are covered by the order of Tribunal in assessee’s own case relating to assessment year

MADHAV GOVIND DHULSHETE,,LATUR vs. INCOME-TAX OFFICER,,

In the result, appeals of the assessee are allowed for statistical

ITA 2148/PUN/2016[2009-10]Status: DisposedITAT Pune28 Feb 2018AY 2009-10

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita No.2146/Pun/2016 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Year : 2009-10 वष"

For Appellant: Shri Bharat RaichandaniFor Respondent: Dr. Vivek Aggarwal, CIT-DR
Section 271DSection 40A(3)

9 of his order. In response to the assessee’s submission that assessee is merely a commission agent, therefore, the provisions of section 40A(3) of the Act applies to the purchase transactions, CIT(A) gave a finding that the amount of cash payments made by the assessee to M/s. Baldawa and Company are for the purchase of kerosene. Accordingly

M/S. RAJMAL LAKHICHAND AND SONS vs. JOINT COMMISSIONER OF INCOME-TAX,,

In the result, the appeal of Revenue is dismissed

ITA 1000/PUN/2015[2010-11]Status: DisposedITAT Pune31 Aug 2018AY 2010-11

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm

For Appellant: Dr. Sunil PathakFor Respondent: Shri Mukesh Jha
Section 14ASection 40A(2)(a)

9% interest is within the limits permitted by the provisions of section 40(b), therefore, no disallowance of such interest paid by the firm to the partner is called for. The ld. AR submitted that similar disallowance was made in the case of assessee‟s sister concern M/s. Rajmal Lakhichand in the assessment year 2009-10. The Tribunal

PRABHAT DAIRY PVT. LTD.,,AHMEDNAGAR vs. ITO, WARD-2, AHMEDNAGAR

In the result, the appeal of assessee is allowed

ITA 545/PUN/2013[2007-08]Status: DisposedITAT Pune01 Aug 2019AY 2007-08

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.545/Pun/2013 यििाारण वषा / Assessment Year : 2007-08 Prabhat Dairy Pvt. Ltd., Ranjankhol, Tal: Shrirampur, अऩीऱाथी/Appellant Dist. Ahmednagar …. Pan: Aaccp8872E Vs. The Income Tax Officer, …. प्रत्यथी / Respondent Ward 2, Ahmednagar अऩीऱाथी की ओर से / Appellant By : Shri S.N. Puranik प्रत्यथी की ओर से / Respondent By : Shri Pankaj Garg सुनवाई की तारीख / घोषणा की तारीख / Date Of Pronouncement: 01.08.2019 Date Of Hearing : 16.07.2019

For Appellant: Shri S.N. PuranikFor Respondent: Shri Pankaj Garg
Section 143(3)Section 40A(2)(b)

9. We have heard the rival contentions and perused the record. The issue which arises in the present case is the disallowance made under section 40A

SHOUKAT AHAMED MAKHUBHAI,,RATNAGIRI vs. ADDITIONAL COMMISSIONER OF INCOME-TAX,,

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

ITA 508/PUN/2015[2011-12]Status: DisposedITAT Pune18 Jan 2018AY 2011-12

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am

For Appellant: Shri M.S. Khire / S.V. DeshpandeFor Respondent: Shri Vivek Aggarwal
Section 143(3)Section 40A(3)

9 of the assessment order. The assessee was asked to explain why the payments exceeding Rs.20,000/- were made in cash and why the payments should not be disallowed u/s 40A(3) of the Act. The submissions of the assessee were not found acceptable to the AO. AO noted that the total purchases made in cash payment which exceeds Rs.20

M/S. RAJMAL LAKHICHAND vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, appeal of the Department is dismissed

ITA 670/PUN/2015[2010-11]Status: DisposedITAT Pune28 Feb 2018AY 2010-11

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm

For Appellant: Shri Sunil PathakFor Respondent: Shri Rajeev Kumar
Section 143(2)Section 14ASection 2(22)(e)Section 36(1)(iii)Section 40A(2)(a)

9%. The Assessing Officer disallowed the excess interest paid to the partners. Similar disallowance was made by Assessing Officer in assessment year 2009-10. The Tribunal deleted disallowance by holding that it is immaterial as to what rate of interest the partner pays to the customers. As long as the interest paid to the partner on the gold under gold

DEPUTY COMMISSIONER OF INCOME-TAX vs. M/S. RAJMAL LAKHICHAND,,

In the result, appeal of the Department is dismissed

ITA 832/PUN/2015[2010-11]Status: DisposedITAT Pune28 Feb 2018AY 2010-11

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm

For Appellant: Shri Sunil PathakFor Respondent: Shri Rajeev Kumar
Section 143(2)Section 14ASection 2(22)(e)Section 36(1)(iii)Section 40A(2)(a)

9%. The Assessing Officer disallowed the excess interest paid to the partners. Similar disallowance was made by Assessing Officer in assessment year 2009-10. The Tribunal deleted disallowance by holding that it is immaterial as to what rate of interest the partner pays to the customers. As long as the interest paid to the partner on the gold under gold