The Commissioner of Income Tax - VI vs. M/s. Manikanta Iron AND Hardware

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

194 of 2008 is treated as a lead matter. 8.1. The assessee filed return of income for A.Y.  1992­93 on 30.07.1993 declaring total income  of   Rs.3,02,099/­.   During   the   course   of  assessment proceedings, the Assessing Officer  found  that  assessee  had  claimed  short  term  loss   of   Rs.16,88,750/­   on   the   following  transactions: “8. The assessee  i.e. Smt. Sulochana

The Commissioner of Income Tax vs. Srimantha Granites

Appeals are dismissed

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

194 ITR 125 (Ker) I.T.A Nos.176/2015, 520/2014, 175/2015, 177/2015, 178/2015, 179/2015, 298/2015 19 16. Thus, the Assessing Officer, the CIT(A) and the ITAT have considered both aspects namely, the distance from BBMP and the lands falling within the notified area of BIAPAA. 17. Section 2(14)(iii)(b) of the Act, prior to amendment, does not indicate measurement

The Commissioner of Income Tax- I vs. Harmahendar Singh Bagga

Appeals are dismissed

Bench: CHALLA KODANDA RAM,G.CHANDRAIAH

194 ITR 125 (Ker) I.T.A Nos.176/2015, 520/2014, 175/2015, 177/2015, 178/2015, 179/2015, 298/2015 19 16. Thus, the Assessing Officer, the CIT(A) and the ITAT have considered both aspects namely, the distance from BBMP and the lands falling within the notified area of BIAPAA. 17. Section 2(14)(iii)(b) of the Act, prior to amendment, does not indicate measurement

The Commissioner of Income-tax-I, vs. Derco Cooling Coils Ltd,

Appeals are dismissed

Bench: CHALLA KODANDA RAM,G.CHANDRAIAH

194 ITR 125 (Ker) I.T.A Nos.176/2015, 520/2014, 175/2015, 177/2015, 178/2015, 179/2015, 298/2015 19 16. Thus, the Assessing Officer, the CIT(A) and the ITAT have considered both aspects namely, the distance from BBMP and the lands falling within the notified area of BIAPAA. 17. Section 2(14)(iii)(b) of the Act, prior to amendment, does not indicate measurement

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

gains‟ in their hands in their returns would not be relevant in deciding the issue whether the payment by the Assessee should be treated as „business expenditure.‟ As explained by the Madras High Court in CIT v. Sarda Binding Works 102 ITR 187 (Mad), it is the point of view of the payer which is relevant. 37. The decision

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

Appeals of the Revenue are dismissed

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

gains‟ in their hands in their returns would not be relevant in deciding the issue whether the payment by the Assessee should be treated as „business expenditure.‟ As explained by the Madras High Court in CIT v. Sarda Binding Works 102 ITR 187 (Mad), it is the point of view of the payer which is relevant. 37. The decision

The Director of Income Tax (Exemptions) vs. G Pulla Reddy Chritable Trust

In the result, the orders passed by the Commissioner of

Bench: CHALLA KODANDA RAM,G.CHANDRAIAH

194/- and also declared income from the house property for a sum of Rs.2,03,986/- and capital gains at Rs.19,06,984/- and declared income from other sources at Rs.1,55,438/-. The case of the assessee was selected for scrutiny and a notice under Section

Commissioner of Income Tax -II vs. The Agrasen Coop. Urban Bank Ltd.,

In the result, for the above reasons, these appeals fail and

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

capital, still the interest income therefrom would qualify for exemption under Section 80P of the IT Act. In Mehsana District Central Co-op. Bank the Supreme Court reiterated the test observing that to be able to answer the question whether deduction under Section 80P(2)(a)(i) of the IT Act can be allowed, it is necessary to ascertain whether

COMMISSIONER OF INCOME TAX-II, HYDERABAD vs. M/s. The A.P.Vardhaman(Mahila)Cooperative Urban

In the result, for the above reasons, these appeals fail and

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

capital, still the interest income therefrom would qualify for exemption under Section 80P of the IT Act. In Mehsana District Central Co-op. Bank the Supreme Court reiterated the test observing that to be able to answer the question whether deduction under Section 80P(2)(a)(i) of the IT Act can be allowed, it is necessary to ascertain whether

The Commissioner of Income Tax-II vs. The Andhra Bank Employees Co.Operative Bank Limited

In the result, for the above reasons, these appeals fail and

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

capital, still the interest income therefrom would qualify for exemption under Section 80P of the IT Act. In Mehsana District Central Co-op. Bank the Supreme Court reiterated the test observing that to be able to answer the question whether deduction under Section 80P(2)(a)(i) of the IT Act can be allowed, it is necessary to ascertain whether

Commissioner of Income Tax-II, vs. M/S The A.P.Mahesh Coop. Urban Bank Ltd,

In the result, for the above reasons, these appeals fail and

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

capital, still the interest income therefrom would qualify for exemption under Section 80P of the IT Act. In Mehsana District Central Co-op. Bank the Supreme Court reiterated the test observing that to be able to answer the question whether deduction under Section 80P(2)(a)(i) of the IT Act can be allowed, it is necessary to ascertain whether

The Commissioner of Income Tax IV vs. Shri Raaj Kumar Jain

Section 27 begins with a proviso and states that when any fact is deposed to as discovered, in consequence of information received from a person accused of any offence, in the custody of a police officer, so much of such information as relates distinctly to the fact thereby discovered may be proved, 49 whether it amounts to a confession

M/s. Canara Securities Ltd vs. Dy. Commissioner of Income Tax

Bench: M.S.RAMACHANDRA RAO,T.AMARNATH GOUD

Section 178 of the Companies Act, 2013. Therefore, the Chairman of the company, HVL cannot arrogate unto himself the power to cause such appointment when such power ultimately rests with the Board of Directors. The observation of the two Joint APLs that the evident performance of BCrL, the flagship company of MP Birla Group is deteriorating ever since, HVL became

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