Commissioner of Income Tax (TDS), vs. M/s. Vipanchi Chit Fund Ltd.,

The appeal is dismissed

Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA

addition of the said sum of ` 3,07,82,342/- by holding it as profit on sale of land which was taxable under the head ‘profits and gains of business or profession’ and not by way of capital gains. The Commissioner of Income

THE COMMISSIONER OF INCOME TAX III, vs. M/S. SAVIJANA SEA FOODS PVT. LTD.,

Appeals of the Revenue are dismissed

Bench: J SREENIVAS RAO,ALOK ARADHE

capital gains in their books of accounts as well as income tax returns after indexation of the cost of acquisition. This was an additional

Principal Commissioner of Income Tax vs. Sri Nama Nageshwar Rao

Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY

income on account of being long term capital gain. 3. A search was conducted u/s. 132 on 18th November, 2015 at the premises of the Assessee {being Anand Kumar Jain (HUF), its coparceners and relatives} as well as at the premises of one Pradeep Kumar Jindal. During the search, statement of Pradeep Kumar Jindal was recorded on oath

Kuchipudi Krishna Kishore vs. The DCIT

Accordingly the appeals deserves to be allowed by setting aside the impugned

Bench: P.SAM KOSHY,N.TUKARAMJI

gain controiling interest. For that cause he had taken loan and the payment of interest, is for continuance of the business. Thus, the factual position is establishing that the interest has been paid by the assessee towards the capital borrowed investment for the prospect of business. ln addition though inconsequential for avairing benefit under this provision it has been substantiated

M/S NATIONAL ACADEMY OF CONSTRUCTION vs. ASST. DIRECTOR OF INCOME TAX

Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY

Income Tax Act would not had been attracted in the instant case. It was also the contention of the learned counsel for the aPpellant that even otherwise, the amount of Rs. 1.5 crores spent by the appellant towards HITEX was the amount collected by way of membership fees and which again is a capital receipt and therefore both, section

The Commissioner of Income Tax-III vs. M/s. Sanghi Textiles Limited

The appeal is allowed setting aside

Bench: P.SAM KOSHY,SUDDALA CHALAPATHI RAO

gains advantage by the spending of the said amount, it should be looked upon as revenue receipt and not capital receipt. 12. Learned senior standing counsel has also placed reliance on the case of commtssioner of Income Tqx u. ponni sugars qnd chemicats Ltd3 wherein the Hon,lcle Supreme court has reiterated the principre of 'purpose test'laid down

The Commissioner of Income-tax(Exemptions) vs. WarangalWarangal Diocese Society

The appeals are dismissed, along with pending

Bench: P.SAM KOSHY,N.TUKARAMJI

Capital Territory of Delhi were banned due to which there was a shortage of the mining materials and the rates of various raw materials were hiked by the mine lease holders. Another letter was sent by the Respondent to Appellant in the same regard showing the current and previous market rates and requesting the Appellant to increase the rates accordingly

AVANTI FEEDS LTD., vs. COMMISSIONER OF INCOMETAX

The appeal is dismissed, and the stay petition

Bench: P.SAM KOSHY,SUDDALA CHALAPATHI RAO

INCOME TAX, CENTRAL-1, KOLKATA VS MEGAPODE VYAPAR PVT. LTD. BEFORE: THE HON’BLE JUSTICE RAJARSHI BHARADWAJ AND THE HON’BLE JUSTICE UDAY KUMAR Date : 8th January, 2026. Appearance: Mr. Aryak Dutt, Adv. Mr. Amit Sharma, Adv. ...for Appellant Mr. Saurabh Bagaria, Adv. Mr. Rites Goel, Adv. ...for Respondent The Court: Revenue has raised the following substantial questions

M/s Durga Granites, vs. The Assistant Commissioner of Income Tax, Circle - 1,

Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY

gain as General Manager (HR&A) "Bidyut Unnayan Bhaban", Plot No. 3/C, LA Block, Sector-III, P.O. - Salt Lake City, P.S.- Bidhannagar, District- Kolkata, West Bengal, PIN – 700106 ..........Petitioner. -Versus- 1. The State of Jharkhand, through its Secretary, Department of Mines and Geology, having its office at Yojna Bhawan, P.O. and P.S. Doranda, District Ranchi (Jharkhand