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13 results for “TDS”+ Section 140clear

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Key Topics

Addition to Income13Disallowance11Section 80P(2)(d)10Section 36(1)(va)10Section 689Section 143(3)7Section 14A5TDS5Section 2634Section 40

SACH ELECTRO MECH PVT. LTD.,,SURAT vs. THE INCOME TAX OFFICER, WARD-2(1)(2),, SURAT

In the result ground No. 4 of the appeal is allowed

ITA 262/AHD/2017[2013-14]Status: DisposedITAT Surat09 Oct 2020AY 2013-14

Bench: Shri Pawan Singh, Hon'Ble & Dr Arjun Lal Saini, Hon'Ble(Virtual Court - Virtual Hearing) आ.अ.सं./I.T.A No.262/Ahd/2017 "नधा"रण वष"/Assessment Year: 2013-14 Sach Electro Mech Pvt. Ltd., V The Income Tax Officer, C/2, Maheshwari Apartment, S Ward-2(1)(2), Surat. Timaliyawad, Nanpura, . Surat – 395 001. [Pan: Aaics 8963 M] अपीलाथ" / Appellant ""यथ"/Respondent "नधा"रतीक"ओरसे /Assessee By Shri Manish J.Shah – Ar राज"वक"ओरसे /Revenue By Mrs. Anupam Singla – Sr.Dr

Section 143(3)Section 14ASection 2(24)(x)Section 36(1)(v)Section 36(1)(va)Section 37Section 40Section 43B

140/-. The case was selected for scrutiny. The assessing officer while passing the assessment order, made addition on under section 36(1)(va) of Rs. 3,11,536/-, disallowed Rs. 90,637/- being the payment of interest to the Kotak Mahindra Prime Ltd., disallowed Rs.1,27,628/- the interest paid on late payment of TDS

4
Section 1474
Bogus/Accommodation Entry4

SYAMA DYNAMIC ENGINEERING PVT. LTD.,,SURAT vs. ASSTT. COMMISSIONER OF INCOME TAX, CPC, BANGALORE, SURAT

In the result, both the appeals filed by assessees are allowed for statistical purposes

ITA 13/SRT/2022[2018-19]Status: DisposedITAT Surat30 Dec 2022AY 2018-19

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita Nos.12 & 13/Srt/2022 "नधा"रणवष"/Assessment Years: (2017-18 To 2018-19) (Virtual Court Hearing) Syama Dynamics Engineering P. Ltd., Vs. The Acit, Cpc, 405-408, Shivalik Western, Dr. Vikram Bengaluru. Sarabhai Marg, Adajan, Surat – 395009. (Appellant) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aatcs2932H Assessee By Shri Ashwin Shah, Ca With Shri Bhadreshbhai Respondent By Shri Vinod Kumar, Sr.Dr Date Of Hearing 20/12/2022 Date Of Pronouncement 30/12/2022

Section 143(1)Section 36(1)(va)

140 and balance amount includes the employees contribution received by sub-contractor. This is clarified by the CA by Certificate which was submitted to the learned CIT(A). The same is accepted by the learned CIT(A) by his Order dated 07.12.2021 and stated in Para No. 5.6 that "The sums stated to be amounts paid to sub-contractors' workers

SYAMA DYNAMIC ENGINEERING PVT. LTD.,,SURAT vs. ASSTT. COMMISSIONER OF INCOME TAX, CPC, BANGALORE, SURAT

In the result, both the appeals filed by assessees are allowed for statistical purposes

ITA 12/SRT/2022[2017-18]Status: DisposedITAT Surat30 Dec 2022AY 2017-18

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita Nos.12 & 13/Srt/2022 "नधा"रणवष"/Assessment Years: (2017-18 To 2018-19) (Virtual Court Hearing) Syama Dynamics Engineering P. Ltd., Vs. The Acit, Cpc, 405-408, Shivalik Western, Dr. Vikram Bengaluru. Sarabhai Marg, Adajan, Surat – 395009. (Appellant) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aatcs2932H Assessee By Shri Ashwin Shah, Ca With Shri Bhadreshbhai Respondent By Shri Vinod Kumar, Sr.Dr Date Of Hearing 20/12/2022 Date Of Pronouncement 30/12/2022

Section 143(1)Section 36(1)(va)

140 and balance amount includes the employees contribution received by sub-contractor. This is clarified by the CA by Certificate which was submitted to the learned CIT(A). The same is accepted by the learned CIT(A) by his Order dated 07.12.2021 and stated in Para No. 5.6 that "The sums stated to be amounts paid to sub-contractors' workers

SACH ELECTRO MECH PVT. LTD.,,SURAT vs. PR. CIT-2, SURAT

In the result, the grounds of appeal raised by the assessee is allowed

ITA 392/SRT/2018[2013-14]Status: DisposedITAT Surat06 Apr 2022AY 2013-14

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Virtual Court)

Section 145ASection 14ASection 254(1)Section 263Section 40A

140/-. The return of income was selected for scrutiny. The Assessing Officer after making various enquiries made various additions/disallowance consisting of disallowance on account of delay in deposit in contributions of employ EPF and ESI, disallowance of interest under section 40A(ia)(a) of the Income Tax Act, 1961 (in short, the Act) and disallowance out of interest paid

ITO, WARD-3(3)(4), SURAT vs. M/S. SATYAM ENTERPRISE, SURAT

In the result, this part of issue is allowed for statistical purpose

ITA 169/SRT/2020[2013-14]Status: DisposedITAT Surat06 Apr 2023AY 2013-14

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Physical Hearing) I.T.O., M/S Satyam Enterprise, Ward- 3(3)(4), 182-Thakordwar Society, Nr. Vs. Surat. Spinning Mill, Varachha Road, Surat. Pan No. Abvfs 5076 L Appellant/ Assessee Respondent/ Revenue

Section 201Section 254(1)Section 40

Section 40(a)(ia) by the Finance Act, 2014 which has been held as retrospective. To support such submission, the ld. AR of the assessee relied upon the decision of Rajkot Tribunal in Punabhai G. Pardava Vs ITO ITA No. 219/Rjt/2018 dated 08/06/2022. With regard to sub-contractor No. 6, the ld. AR of the assessee submits that

M/S. JAY KHODIYAR ENGINEERING,,SURAT vs. THE ACIT, CIRCLE-9,, SURAT

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

ITA 1487/AHD/2015[2010-11]Status: DisposedITAT Surat06 Nov 2020AY 2010-11

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./Ita No.1487/Ahd/2015 ("नधा"रणवष" / Assessment Year: (2010-11) (Virtual Court Hearing) M/S. Jay Khodiyar Engineering, Vs. Assistant Commissioner Of 52, New Shakti Vijay Society, Income Tax, Circle-9, Surat Varachha Road, Surat-395010. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaefj3305P (Assessee) (Respondent)

For Appellant: Shri Sapnesh Sheth - CAFor Respondent: Ms Anupama Singla – Sr. DR
Section 143(3)Section 40

140/- is reduced to Rs.16,89,018/-. Hence, Ground No.1 and 2 raised by the assessee are partly allowed. 12. Ground No.4 raised by the assessee relates to disallowance of expenditure of Rs.1,00,000/- under section 40(a)(ia) of the Act on account of non-deduction of TDS

THE DCIT, CIRCLE-1(1)(2),, SURAT vs. M/S. GROWTH AVENUES LTD.,, SURAT

In the result, the appeal of the department stands partly allowed for statistical purposes

ITA 1868/AHD/2016[2003-04]Status: DisposedITAT Surat31 Jul 2019AY 2003-04

Bench: Shri Sudhanshu Srivastava & Shri Vikram Singh Yadavassessment Year: 2003-04 Dy. Commissioner Of Income Tax, M/S Growth Avenues Ltd., Circle-1(1)(2), 409, Super Tex Tower, Surat. Opp. Kinnery Cinema, Vs Ring Road, Surat-395002 (Pan: Aaacg8681Q) Appellant Respondent Department By : Shri B.P.K. Panda, Sr. Dr Assessee By: Shri Rasesh Shah, Ca Date Of Hearing : 09.05.2019 Date Of Pronouncement : 31.07.2019

For Appellant: Shri Rasesh Shah, CAFor Respondent: Shri B.P.K. Panda, Sr. DR
Section 143(3)Section 144Section 250(4)Section 40Section 43BSection 68

140/- after making the following additions/disallowances:- a) Claim of deduction u/s 43B - Rs.38,25,261/- b) SEBI turnover charges written back - Rs. 38,03,475/- c) Expenditure with respect to information - Rs.12,07,500/- and dissemination charges d) Expenditure on monitoring & - Rs.15,27,193/- Surveillance charges e) Claim regarding erosion in value - Rs. 7,34,415/- of shares f) Transaction

SHREE VEGAM URBAN CO OP CREDIT SOCIETY LIMITED ,SURAT vs. ACIT, CIRCLE-1(2), SURAT

In the result, the appeal of the assessee is allowed

ITA 252/SRT/2025[2017-18]Status: HeardITAT Surat22 Jan 2026AY 2017-18

Bench: Dr. B.R.R. Kumar, Vice-Ms Suchitra Raghunath Kamble

For Appellant: Shri Shaunak K. Zaveri, CAFor Respondent: Ms Namita Patel, Sr. DR
Section 194ASection 194A(3)(v)Section 250Section 263Section 80PSection 80P(2)(d)Section 80P(4)

140 taxmann.com 602 (Guj.) as well as in case of State Bank Vishwa Infrastructure Vs. ITO Asst. Year : 2018-19 - 3– of India v Commissioner of Income Tax (2018) 389 ITR 578 (Guj.) wherein it was held that the deduction under section 80P(2)(d) is available to the cooperative societies on the income earned as interest on the investment

BSAS INFORTECH LIMITED, SURAT,SURAT vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 1(1)(1), SURAT, SURAT

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

ITA 226/SRT/2024[2016-17]Status: DisposedITAT Surat15 Jul 2025AY 2016-17

Bench: Shri Siddhartha Nautiyal & Shri Bijayananda Pruseth

For Appellant: Shri P M Jagasheth, CAFor Respondent: Shri Ajay Uke, Sr. DR
Section 147Section 148Section 68Section 69

140 taxmann.com 370 (Surat-Trib.), the Surat Tribunal held that where assessee availed unsecured loan from an entity and repaid same within a short span of time, along with interest, Assessing Officer was not justified in making addition under section 68 in respect of said loan. 14. In the case of JCIT(OSD) vs. Mieza School

BSAS INFOTECH LIMITED,SURAT vs. DY. COMMISSIONER OF INCOME TAX, CIRCLE - 1(1)(1), SURAT, SURAT

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

ITA 225/SRT/2024[2015-16]Status: DisposedITAT Surat15 Jul 2025AY 2015-16

Bench: Shri Siddhartha Nautiyal & Shri Bijayananda Pruseth

For Appellant: Shri P M Jagasheth, CAFor Respondent: Shri Ajay Uke, Sr. DR
Section 147Section 148Section 68Section 69

140 taxmann.com 370 (Surat-Trib.), the Surat Tribunal held that where assessee availed unsecured loan from an entity and repaid same within a short span of time, along with interest, Assessing Officer was not justified in making addition under section 68 in respect of said loan. 14. In the case of JCIT(OSD) vs. Mieza School

BSAS INFOTECH LIMITED,SURAT vs. DY. COMMISSIONER OF INCOME TAX, CIRCLE -1(1)(1), SURAT

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

ITA 224/SRT/2024[2011-12]Status: DisposedITAT Surat15 Jul 2025AY 2011-12

Bench: Shri Siddhartha Nautiyal & Shri Bijayananda Pruseth

For Appellant: Shri P M Jagasheth, CAFor Respondent: Shri Ajay Uke, Sr. DR
Section 147Section 148Section 68Section 69

140 taxmann.com 370 (Surat-Trib.), the Surat Tribunal held that where assessee availed unsecured loan from an entity and repaid same within a short span of time, along with interest, Assessing Officer was not justified in making addition under section 68 in respect of said loan. 14. In the case of JCIT(OSD) vs. Mieza School

THE DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2),, SURAT vs. M/S. J.K. PAPER LTD.,, SURAT

In the result this ground of appeal is dismissed

ITA 365/SRT/2017[2014-15]Status: DisposedITAT Surat29 Apr 2021AY 2014-15

Bench: Shri Pawan Singh, Hon'Ble & Dr. Arjun Lal Saini, Hon'Ble(Virtual Hearing) आ.अ.सं./I.T.A No.365/Srt/2017 िनधा"रण वष"/Assessment Year: 2014-15 The Deputy Commissioner Of Vs. M/S J. K. Paper Ltd., Income Tax, Circle-1(1)(2), P.O. Central Pulp Mills, Surat. Fort Songadh – 394660. Dist. Tapi, Gujarat. [Pan: Aaact 6305 N] अपीलाथ" / Appellant ""थ"/Respondent

Section 115JSection 14ASection 41(1)

TDS on the said payments? 9- On the facts and circumstances of the case, the Ld. CIT(A) ought to have upheld the order of the assessing officer. DCIT, Circle-1(1)(2), Surat. Vs. J.K.Paper Ltd., / ITA No.365/SRT/2017 for A.Y. 2014-15 10- It is, therefore, prayed that the order of the Ld. CIT(A) may be set aside

GREENLINE ECOFAB PVT. LTD.,SURAT vs. ACIT, CIRCLE 1(1)(2), SURAT

In the result, the appeal of the assessee is allowed

ITA 1373/SRT/2024[2012-13]Status: DisposedITAT Surat05 Nov 2025AY 2012-13

Bench: Shri Dinesh Mohan Sinha & Shri Bijayananda Prusethआयकर अपील सं./Ita No.1373/Srt/2024 Assessment Year: (2012-13) (Physical Hearing) Greenline Ecofab Pvt. Ltd. Assistant Commissioner Of बनाम/ 406, Jeevan Deep, Opp. Sub- Income-Tax, Circle- 1(1)(2), Vs. Jail, Ring Road, Surat-395 002 Surat, 1St Floor, Aaykar Bhawan, Majura Gate, Surat-395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aaecg 2881 N (अपीलाथ"/Appellant) (""यथ"/Respondent)

Section 143(3)Section 147Section 148Section 234ASection 250Section 68

section after expiry of 4 years from the end of relevant assessment year, unless any income chargeable to tax has escaped assessment for such assessment year by reasons of the failure on the part of the assessee to make a return u/s 139 or in response to notice issued u/s 142(1) or 148 or “to disclose fully and truly