Commissioner of Income Tax (TDS) vs. M/s. Yashoda Super Speciality Hospital

In the result, the appeal fails

depreciation of earlier years of Rs.2,16,63,815/-. The assessment was processed under Section 143(3) of the Act on 26.12.2005 determining

The Commissioner of Income Tax -V, vs. M/S Secunderabad Club

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

63,940/-; it had claimed deduction under Section 80-IB of the Act at ₹ 77,89,40,725/ The assessee manufactures mosquito repellants and has also traded, during the year in aerosols, oil spray, hand pumps, mats and coils. It had claimed deduction u/s 80-IB in respect of three units. The AO stated, in the impugned notice that

THE PRL COMMISSIONER OF INCOME TAX [CENTRAL] HYDERABAD vs. M/S SREE NAGENDRA CONSTRUCTIONS, KHAMMAM

In the result, appeal stands dismissed

Bench: This

63,47,099/- made by the assessing authority even when the CBDT Instruction No.3/2010 dated 23.03.2010 refers to market losses are notional and contingent and actual losses are allowable as non-speculative only if the transaction qualifies as eligible derivative transaction under clause [d] of proviso to section 43[5] of the Act. Further, the Tribunal erred in relying upon

Commissioner of Income Tax (TDS), vs. M/s Country Club Inda Limited

depreciation or any other indirect costs in its accounts. Further, the Assessee had also not showed any source of funds. The AO noted that the equipment stated to have been supplied by the Assessee to Reliance was purchased from other group companies, namely, Nortel Canada and Nortel Ireland and were supplied to Reliance at almost half the price

Principal Commissioner of Income Tax-2 vs. M/s Indur Green Power Private Limited

In the result, all the appeals fail and are hereby

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Depreciation 1,05,72,696 1,10,86,334 1,26,18,427 1,39,66,450 Total Expenditure 4,81,29,896 4,75,41,722 5,01,63,902 3,88,21,912 Profit for the year 2,53,21,438 2,09,87,242 62,58,319 836236 Add Balance brought forward

The Commissioner of Income Tax-IV vs. M/s.Mold-Tek Technologies Ltd

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

depreciation exceeds the surplus as generated from holding coaching classes. In addition, the petitioner institute provides study material and other academic support such as facilities of a library without any material additional costs. The Supreme Court in the case of State of Andhra Pradesh v. H. Abdul Bakhi and Bros. (supra) held as under: The expression "business" though extensively used

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

depreciation, reserves, etc., a part of it should in all fairness go to the employees.” 30. In the said case the Supreme Court was considering whether payment for ITA 210/2003 & connected matters Page 17 of 36 the extra services rendered by an employee could be allowed as business expenditure. It was held that for the purposes of allowing commercial

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

Appeals of the Revenue are dismissed

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

depreciation, reserves, etc., a part of it should in all fairness go to the employees.” 30. In the said case the Supreme Court was considering whether payment for ITA 210/2003 & connected matters Page 17 of 36 the extra services rendered by an employee could be allowed as business expenditure. It was held that for the purposes of allowing commercial

The Commissioner of Income Tax IV vs. Praga Tools Limited

Bench: GODA RAGHURAM,N.RAVI SHANKAR

63,04,928/-, Capital Expen Rs.3,00,67,328/- and deferred r research u/s 35(2) of Rs.1,55,3 purposes of determining deducti NJAB AND HARYANA ARH ITA-81-2012 (O&M) Date of Decision: 25.07.2024 …Appellant …Respondent NJEEV PRAKASH SHARMA NJAY VASHISTH or the appellant. ) .03.2014, for determination on he circumstances of the case, the lding the decision

Commissioner of Income-Tax, vs. Rangaraya Medical College Old Students Association

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

63 OF 2005 Writ Appeal under clause 15 of the Letters Patent against the order D1.2O.12.2OO4 in W.P.No.11745 of 2004 on the file of the High Court. Between: M/s. Tata Teleservices Ltd, 5-9$2, K.L.K.Estate. Fatheh Maidan Road, Hyderabad, Rep. by its Senior Executive (legal) Y.b-Seetharaman. ...APPE LLANT/PETITIONER AND 1 Transmission Corporation of A.P. Ltd, Vidyut Soudha, Khairatabad