Commissioner of Income Tax, vs. M/s. Kokivenkateswara Reddy AND others,

Appeals of the Revenue are dismissed

Bench: V.V.S.RAO,RAMESH RANGANATHAN

deposit, advance rent etc. Further the payments had been made through account payee checks purely on commercial consideration. 56. The AO, however, did not agree and disallowed Rs.41,84,947 as being in excess and unreasonable and valued back for the income of Assessee. In appeal, the CIT(A) reversed the AO on the ground that

The Commissioner of Income Tax I vs. Mesmer Technologies Ltd

The appeals are allowed in part

Bench: SANJAY KUMAR,M.S.K.JAISWAL

deposit receipt as shown in the balance sheet. Hence, no deduction of TDS was necessary and there is no income comprised in the payments made. As per the agreement entered with the KIADB, 21% was the service charges which was reduced to 4% for Phase I and subsequently, it was reduced to 1% for Phase II. - 10 - Though Government

The Commissioner of Income Tax-I, vs. M/s. Prasad Film Laboratories Ltd.,

cash in lieu of rice for the rest of the paddy stocks resulting therein that FCI does not have any claim/demand from the party = 261 cases (c) No. of cases consequent upon pilferage/dispersal of stocks by the parties at their own without knowledge of FCI. FIRs were filled followed by court cases both criminal cases/ recovery suits – 40 cases.” Negotiations

Commissioner of Income Tax-1, vs. Agricultural Market Committee,

Bench: V.V.S.RAO,RAMESH RANGANATHAN

TDS, to be deducted under Section 194J of the Act. It was further argued that the Circular dated 28.04.2008 was clarified by a subsequent Circular dated 30.06.2008, which was wrongly held to be inapplicable or contrary to law by the Appellate Authority as well as Appellate Tribunal. She, therefore, submitted that orders passed by the Appellate Authority as well