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

94,144/- paid by the assessee on account of interest and bank guarantee commission respectively to the bank as business expenditure, when the loan raised from the bank was given by the assessee to its sister concerns without charging interest? b) Whether the Income-tax Appellate Tribunal was correct in law in allowing expenditure towards marketing and publicity, advertisement

Commissioner of Income Tax-II vs. Energy Solutions International India Pvt Ltd.,

Bench: J. UMA DEVI,V RAMASUBRAMANIAN

capital expenditure or personal expenses of the assessee) laid out or expended wholly and exclusively for the purpose of the business or profession shall be allowed in computing the income chargeable under the head “Profits and gains of business or profession…”. The text of this sub section shows its building blocks such as: ‘expenditure’, ‘wholly and exclusively’ and ‘incurred

THEE COMMSSR.OF INCOME TAX.HYD. vs. CHALLA SHANKER REDDY.HYD.

Bench: L.NARASIMHA REDDY,T.SUNIL CHOWDARY

Capital Gains Taxes under the Development Agreements dated 24'11' 1993' This letter was written after Income Tax raids were conducted in the premises of the appellant No.2/C.V. Rao on 23.02.1996 and O3'O4'1996 This letter is a ciucial document and discussed in ' the later part of the judgment. 33. Revised plans were issued on 07.04.1997 in the name

COMMR.OF I.T. RAJAHMUNDRY vs. M/S.NARAYANA CHOWDARYAND ORS KAKINADA

Bench: CHALLA KODANDA RAM,G.CHANDRAIAH

Capital Gains Taxes under the Development Agreements dated 24'11' 1993' This letter was written after Income Tax raids were conducted in the premises of the appellant No.2/C.V. Rao on 23.02.1996 and O3'O4'1996 This letter is a ciucial document and discussed in ' the later part of the judgment. 33. Revised plans were issued on 07.04.1997 in the name

COMMISSIONER OF INCOME TAX - (TDS), vs. M/s. Suman Chit Funds (P) Ltd.,

Capital Gains Taxes under the Development Agreements dated 24'11' 1993' This letter was written after Income Tax raids were conducted in the premises of the appellant No.2/C.V. Rao on 23.02.1996 and O3'O4'1996 This letter is a ciucial document and discussed in ' the later part of the judgment. 33. Revised plans were issued on 07.04.1997 in the name

The Commissioner of Income Tax - IV vs. M/s. Mekins Agro Product (P) Ltd.

94 days inre-filing theappeal is condoned. ITA 7/2013,331/2013.268/2013 & 449/2013 1. A common issue arises for consideration intheaforesaid appeals. Hence, they are being decidedby this common order. 2. The issue raised by Revenue in these appeals pertains to interpretation of Section 11(1) clause 'a' of the Income Tax Act, 1961. For the sake of convenience, the said clause

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

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

94, 95, 96 AND 98 OF 2020) REPORTABLE Page 83 of 300 APLs to act by majority is contrary to law and to the order of appointment of the APLs. 23. It is submitted that the decision of two of the APLs to re-investigate into the extent of the estate and percentage of share holding is beyond their authority

V.C. NANNAPANENI vs. COMMISSIONER OF INCOME TAX,

In the result, the appeals are allowed

Bench: C.V.NAGARJUNA REDDY,T.AMARNATH GOUD

94,970/- by including a sum of Rs.2,00,00,000/- received by the appellant from M/s. Sun Pharmaceuticals Industries Limited (hereinafter referred to as “SPIL”) under the head “income from other sources” treating the same as revenue receipt and subjecting the same to tax. As regards the Natco Pharma, the CVNR, J & TA, J ITTAs 159 & 160/2005 4 Assessing

The Commissioner of Income TAx-IV, vs. M/s. Mahaveer Enterprises (India) Limited

The Appeal is dismissed

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

capital gains on transfers, to invest unaccounted money (`black money') and to avoid payment of `unearned increases' due to Development Authorities on transfer. 2. The modus operandi in such SA/GPA/WILL transactions is for the vendor or person claiming to be the owner to receive the agreed consideration, deliver possession of the property to the purchaser and execute the following documents

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

Capital) Appeal No. 1475 of 2009 corresponding to Reference No. 3 of 2009, by a co-ordinate bench of this Court on 11th September, 2009. The judgment of this Court in 'XYZ' has been affirmed by the Supreme Court in Criminal Appeal No. (s). 2227 of 2010, decided on 15.2.2011, with summary dismissal of appeal. 15. Separate and distinct trials

PR COMMR OF INCOME TAX-2, HYDERABAD vs. K RAVINDER REDDY, HYDERABAD

Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI

94 (Del) considered a case in which the activity to be done through the Liaison Office in India was of downloading the data; ITA 621/2017 & connected matters Page 33 of 85 preparation of cheques for remitting the amount; and dispatching the same through courier by Liaison Office. The Hon'ble High Court designated it as auxiliary to the main activity

The Commissioner of Income Tax (Central) vs. M/s Hyderabad House Pvt Ltd.,

7,13,827/-* 31.10.2013 H. 09.08.2010 3 years 3,75,000/- 23.05.2013 I. 09.04.2011 14 years 3,75,000/- 09.12.2014 J. 14.05.2011 17 years 4,20,000/- 13.12.2012 K. 30.06.2011 10 years 6,68,520/-* 26.04.2014 L. 02.10.2011 11 years 3,75,000/- 31.05.2014 M. 02.05.2012 14 years 3,75,000/- 29.09.2014 N. 04.02.2013 4 years

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

Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY

7, 9, 12, 16 & 25, P.O. Maluti, P.S. Shikaripara, District- Dumka, PIN 816103, (Jharkhand), through its Director, namely Ganesh Nagaraj, aged about 60 years, son of Ramaya Nagaraj, resident of Flat No. A 203, Hidden Treasurer Apartment, Raj Bhavan Road, Ayyappa Swamy Temple Lane, P.O. Somajiguda, P.S. Somajiguda, District Hyderabad, PIN 500082, (Andhra Pradesh). ..........Petitioner. -Versus- 1. The State