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3 results for “disallowance”+ Section 40Bclear

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Key Topics

Section 133A6Section 40B4Section 283Business Income3Disallowance3Addition to Income3Section 69A2Survey u/s 133A2Set Off of Losses2

PARAG YASHWANT GADGIL,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 4,, PUNE

In the result, the appeal filed by the assessee stands partly allowed for statistical purposes

ITA 1886/PUN/2018[2015-16]Status: DisposedITAT Pune22 Jul 2022AY 2015-16

Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Raviआयकर अपील सं. / Ita No.1886/Pun/2018 िनधा"रण वष" / Assessment Year: 2015-16 Parag Yashwant Gadgil, Vs. Dcit, Circle-4, Pune. 4, Sarthak Apartments, 1901 Sadashiv Peth, Pune- 411030. Pan : Acwpg2456J Appellant Respondent Assessee By : Shri M.R. Bhagwat Revenue By : Shri S. P. Walimbe Date Of Hearing : 14.07.2022 Date Of Pronouncement : 22.07.2022 आदेश / Order Per Inturi Rama Rao, Am: This Is An Appeal Filed By The Assessee Directed Against The Order Of Ld. Commissioner Of Income Tax (Appeals)-3, Pune [‘The Cit(A)’] Dated 24.09.2018 For The Assessment Year 2015-16. 2. The Appellant Raised The Following Grounds Of Appeal :- “1. Addition Of Salary From Firm M/S. P.N. Gadgil Jewellers Rs.3,00,000/-. 2. Interest On Capital From Firm M/S. P.N. Gadgil Jewellers Rs.1,77,88,061/-. 3. Disallowance Of Donation Of Rs.1,00,000/-.”

For Appellant: Shri M.R. BhagwatFor Respondent: Shri S. P. Walimbe
Section 143(3)Section 28Section 40B

section 40B does not arise. The reasoning of the ld. CIT(A) that there was no disallowance made by the Assessing

CONSTRUCTION PROTAL PVT. LTD.,,PUNE vs. INCOME-TAX OFFICER,, PUNE

In the result, the appeal of the assessee is allowed

ITA 1607/PUN/2014[2005-06]Status: DisposedITAT Pune06 Jun 2018AY 2005-06

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं. / Ita Nos. 1607 & 1608/Pun/2014 िनधा"रण वष" / Assessment Years : 2005-06 & 2006-07

For Appellant: Shri Nilesh Khandelwal & Shri Rajiv ThakkarFor Respondent: Shri Ajay Modi, JCIT
Section 133ASection 69A

disallowing the unabsorbed depreciation is against the provisions of law. 2.8. For the above contention, reliance is placed on the following judicial pronouncements. 1. ITO Vs. Suraj Solvent & Vanaspati Industries Ltd. 16 DTR 492 (Asr Trib.) 2. Suresh Industries Pvt. Ltd. Vs. ACIT 27 taxmann.com 203 (Mum Trib.) 3. TMC Specialty Hospitals India Ltd. 49 taxmann.com 534 (Chennai Trib

CONSTRUCTION PROTAL PVT. LTD.,,PUNE vs. INCOME-TAX OFFICER,,

In the result, the appeal of the assessee is allowed

ITA 1608/PUN/2014[2006-07]Status: DisposedITAT Pune06 Jun 2018AY 2006-07

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं. / Ita Nos. 1607 & 1608/Pun/2014 िनधा"रण वष" / Assessment Years : 2005-06 & 2006-07

For Appellant: Shri Nilesh Khandelwal & Shri Rajiv ThakkarFor Respondent: Shri Ajay Modi, JCIT
Section 133ASection 69A

disallowing the unabsorbed depreciation is against the provisions of law. 2.8. For the above contention, reliance is placed on the following judicial pronouncements. 1. ITO Vs. Suraj Solvent & Vanaspati Industries Ltd. 16 DTR 492 (Asr Trib.) 2. Suresh Industries Pvt. Ltd. Vs. ACIT 27 taxmann.com 203 (Mum Trib.) 3. TMC Specialty Hospitals India Ltd. 49 taxmann.com 534 (Chennai Trib