THE PRL COMMISSIONER OF INCOME TAX-II, VISAKHAPATNAM vs. L SURYAKANTHAM, VISAKHAPATNAM

In the result, the appeal fails and is hereby dismissed

Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI

disallowance of Rs.74,08,964/- under the provisions of Section 80JJAA of the Act were proposed. The 5 assessee thereupon filed objections before the Dispute Resolution Panel contesting all the additions. The Dispute Resolution Panel, however rejected the objections preferred by the assessee. The assessee thereupon filed an appeal before the Income Tax Appellate Tribunal (hereinafter referred

Commissioner of Income Tax, vs. M/s Y.Ramakrishna and Others

In the result, for the above reasons, we set aside the orders

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

1% thereon as profit would be reasonable. Indeed there is no dispute that this order was followed in all the other common orders by which the appeals of the assesses were allowed and those of the Revenue were dismissed. The Senior Standing Counsel, Sri S.R.Ashok, submits that, when estimation of income under Section 145 of the Act was held

The Commissioner of Income Tax vs. M/s.B.Satyanarayana AND Others

In the result, for the above reasons, we set aside the orders

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

1% thereon as profit would be reasonable. Indeed there is no dispute that this order was followed in all the other common orders by which the appeals of the assesses were allowed and those of the Revenue were dismissed. The Senior Standing Counsel, Sri S.R.Ashok, submits that, when estimation of income under Section 145 of the Act was held

COMMR.OF I.T. RKAJAHMUNDRY vs. T.RAMI REDDY AND ORS

In the result, for the above reasons, we set aside the orders

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

1% thereon as profit would be reasonable. Indeed there is no dispute that this order was followed in all the other common orders by which the appeals of the assesses were allowed and those of the Revenue were dismissed. The Senior Standing Counsel, Sri S.R.Ashok, submits that, when estimation of income under Section 145 of the Act was held

The Commissioner of Income Tax vs. M/s.G.V.Krishna Reddy AND Others

In the result, for the above reasons, we set aside the orders

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

1% thereon as profit would be reasonable. Indeed there is no dispute that this order was followed in all the other common orders by which the appeals of the assesses were allowed and those of the Revenue were dismissed. The Senior Standing Counsel, Sri S.R.Ashok, submits that, when estimation of income under Section 145 of the Act was held

The Commissioner of income tax, vs. M/s.Y.Ramulu and Others

In the result, for the above reasons, we set aside the orders

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

1% thereon as profit would be reasonable. Indeed there is no dispute that this order was followed in all the other common orders by which the appeals of the assesses were allowed and those of the Revenue were dismissed. The Senior Standing Counsel, Sri S.R.Ashok, submits that, when estimation of income under Section 145 of the Act was held

Commissioner of Income Tax vs. Ms. B.krishna Murthy AND Others

In the result, for the above reasons, we set aside the orders

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

1% thereon as profit would be reasonable. Indeed there is no dispute that this order was followed in all the other common orders by which the appeals of the assesses were allowed and those of the Revenue were dismissed. The Senior Standing Counsel, Sri S.R.Ashok, submits that, when estimation of income under Section 145 of the Act was held

COMMISSIONER OF INCOME TAX, vs. M/S G.R.K.PRASAD AND OTHERS

In the result, for the above reasons, we set aside the orders

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

1% thereon as profit would be reasonable. Indeed there is no dispute that this order was followed in all the other common orders by which the appeals of the assesses were allowed and those of the Revenue were dismissed. The Senior Standing Counsel, Sri S.R.Ashok, submits that, when estimation of income under Section 145 of the Act was held

The Commissioner of Income Tax-II vs. m/S.M.Ventakteswara Rao AND Others

In the result, for the above reasons, we set aside the orders

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

1% thereon as profit would be reasonable. Indeed there is no dispute that this order was followed in all the other common orders by which the appeals of the assesses were allowed and those of the Revenue were dismissed. The Senior Standing Counsel, Sri S.R.Ashok, submits that, when estimation of income under Section 145 of the Act was held

COMMISSISONER OF I.T. RAJAHMUNDRY vs. M/S.Y RAMAKRISHNA AND OTHERS

In the result, for the above reasons, we set aside the orders

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

1% thereon as profit would be reasonable. Indeed there is no dispute that this order was followed in all the other common orders by which the appeals of the assesses were allowed and those of the Revenue were dismissed. The Senior Standing Counsel, Sri S.R.Ashok, submits that, when estimation of income under Section 145 of the Act was held

Commissioner of Income Tax, Rajahmundry. vs. m/s Ganesh Arrack Contractors,

In the result, for the above reasons, we set aside the orders

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

1% thereon as profit would be reasonable. Indeed there is no dispute that this order was followed in all the other common orders by which the appeals of the assesses were allowed and those of the Revenue were dismissed. The Senior Standing Counsel, Sri S.R.Ashok, submits that, when estimation of income under Section 145 of the Act was held

The Commissioner of Income Tax vs. M/s GRK Prasad AND others

In the result, for the above reasons, we set aside the orders

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

1% thereon as profit would be reasonable. Indeed there is no dispute that this order was followed in all the other common orders by which the appeals of the assesses were allowed and those of the Revenue were dismissed. The Senior Standing Counsel, Sri S.R.Ashok, submits that, when estimation of income under Section 145 of the Act was held

The commissioner of Income Tax vs. M/s.M.Narayana Choudary and Others

In the result, for the above reasons, we set aside the orders

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

1% thereon as profit would be reasonable. Indeed there is no dispute that this order was followed in all the other common orders by which the appeals of the assesses were allowed and those of the Revenue were dismissed. The Senior Standing Counsel, Sri S.R.Ashok, submits that, when estimation of income under Section 145 of the Act was held

The Commissioner of Income tax vs. M/s.V.Satyanrayana AND Others

In the result, for the above reasons, we set aside the orders

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

1% thereon as profit would be reasonable. Indeed there is no dispute that this order was followed in all the other common orders by which the appeals of the assesses were allowed and those of the Revenue were dismissed. The Senior Standing Counsel, Sri S.R.Ashok, submits that, when estimation of income under Section 145 of the Act was held

COMMISSIONER OFINCOEMETAX vs. M/S. V.SATYANARAYANA AND OTHERS

In the result, for the above reasons, we set aside the orders

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

1% thereon as profit would be reasonable. Indeed there is no dispute that this order was followed in all the other common orders by which the appeals of the assesses were allowed and those of the Revenue were dismissed. The Senior Standing Counsel, Sri S.R.Ashok, submits that, when estimation of income under Section 145 of the Act was held

Commissioner of Income tax-V, vs. M/s. INTRACK INC,

disallowance of entire expenditure under Section 40[a](ia). The said proviso thereby caused immense hardship. The amendment under consideration made by the Finance Act 2010 relaxes the rigors of such provision by permitting payment of Tax till the filing of return as provided under sub-section (1

COMM OF INCOME TAX, HYD vs. M/S. BALAN NATURAL FOOD PRIVATE LTD., HYD

Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI

1) of the Act on 30.08.2008 and as per Section 115 JB of the Act, the tax was computed at Rs.12,60,62,901/-. Subsequently, the case was selected for scrutiny and Notices under Section 143(2) of the Act were issued on 05.09.2008 and 26.09.2008. The Assessing Officer by order dated 09.12.2009 inter alia disallowed

Commissioner of Income Tax, vs. Dr. T.Ravi Kumar,

Bench: : The Hon’Ble Justice Surya Prakash Kesarwani & The Hon’Ble Justice Rajarshi Bharadwaj Date : 10Th April, 2024. Appearance: Mr. J. P. Khaitan, Senior Advocate Mr. Sanjay Bhowmick, Advocate Ms. Swapna Das, Advocate … For The Appellant. Ms. Smita Das De, Advocate … For The Respondent. 1. Heard Sri J. P. Khaitan, Learned Senior Advocate Assisted By Sri Sanjay Bhowmick, Learned Counsel For The Appellant/Assessee & Ms. Smita Das De, Learned Senior Standing Counsel For The Respondent. 2. The Assessment Years Involved In The Present Appeal Are Assessment Year 1999-2000 & Assessment Year 2000-01. By Order Dated 16.08.2012, This Appeal Was Admitted On The Following Substantial Questions Of Law :-

1) of Section 32 shall not apply. The assets in question on which the depreciation has been claimed was being used for the purpose of business or profession from earlier years and was also used during the assessment years in question and, as such, there was no question to disallow