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3 results for “disallowance”+ Section 2(24)(viia)clear

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Key Topics

Section 36(1)(vii)10Section 36(2)4Section 36(1)(viia)3Deduction3Section 37(1)2Section 143(2)2Section 143(3)2

CATHOLIC SYRIAN BANK LTD. vs. COMMISSIONER OF INCOME TAX, THRISSUR

C.A. No.-001143-001143 - 2011Supreme Court17 Feb 2012
Section 143(1)Section 143(2)Section 143(3)Section 36Section 36(1)(vii)Section 36(1)(viia)

disallowed. This amount was added back to the taxable income of the assessee, for which a demand notice and challan was accordingly issued. This order of the assessing officer dated 24th January, 2005, was challenged in appeal by the assessee on various grounds. 2. The Commissioner of Income Tax (Appeals) [hereafter referred to as ‘the CIT(A)’], vide its order

M/S. SOUTHERN TECHNOLOGIES LTD. vs. JOINT COMMNR. OF INCOME TAX, COIMBATORE

C.A. No.-001337-001337 - 2003
Supreme Court
11 Jan 2010
Section 145Section 2(24)Section 36(1)(vii)Section 37Section 37(1)

24 ITR 537 and Vithaldas H. Dhanjibhai Bardanwala (supra)] Such state of law prevailed upto and including assessment year 1988-89. However, by insertion (w.e.f. 1.4.1989) of a new Explanation in Section 36(1)(vii), it has been clarified that any bad debt written off as irrecoverable in the account of the assessee will not include any provision

PR. COMMISSIONER OF INCOME TAX 6 vs. KHYATI REALTORS PVT. LTD

The appeal is allowed, in the above terms, without order on costs

C.A. No.-005804-005804 - 2022Supreme Court25 Aug 2022

Bench: HON'BLE THE CHIEF JUSTICE

Section 142(1)Section 143(2)Section 143(3)Section 260ASection 36(1)(vii)Section 36(2)

viia) of the Act.” 15. The assessee had relied on the ruling in T.R.F. Limited (supra). In that judgment, this court had inter alia, observed that: “4. This position in law is well-settled. After 1st April, 1989, it is not necessary for the assessee to establish that the debt, in fact, has become irrecoverable. It is enough