Commissioner of Income Tax -II vs. M/S Sri Ramanjaneya Poultry Farm Pvt., Ltd.,

Bench: CHALLA KODANDA RAM,G.CHANDRAIAH

132(5) of the Act to the Chief Commissioner or Commissioner under Section (11) thereof which remedy she did not avail. Considering the whole gravamen of the plaintiff in the suit and the law on the subject, we are of the opinion that the Subordinate Judge and the High Court were not correct in rejecting the contention of the Revenue

THE COMMISSIONER OF INCOME TAX-IV vs. M/S QUALITY CARE INDIA LTD

Bench: A.SHANKAR NARAYANA,V RAMASUBRAMANIAN

132, as a consequence of which, proceedings were initiated under Section 153A. The assessment was completed under Section 143(3) r/w Section 153A. After completion of the assessment, the Assessing Officer reopened the assessment under Section 147 by issuing a notice under Section 148, on 31.03.2011. 5. The reason for reopening of the assessment was that while initiating proceedings under

The Commissioner of Income Tax(Central) vs. M/s.Madhu Enterprises

Bench: The Learned

132 of the Act on persons constituting the FIITJEE Group. The Assessee was also one of the persons searched. Thereafter, the AO issued a notice dated 13.08.2013 under Section 153A of the Act and during the ensuing proceedings, examined the claim of the Assessee for deduction under Section 54F of the Act. 6. The AO passed an assessment order dated

THE PR COMMISSIONER OF INCOME TAX (CENTRAL) vs. BHAVANASI ANJANEYULU

Appeals are allowed in part

Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI

1. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in deleting the disallowance made by the assessing officer on account of speed money claimed as labour charges in the books of accounts? 2. Whether on the facts and in the circumstances of the case, the Tribunal is right

Commissioner of Income Tax-V, vs. Sri S.Venkat Reddy, (PAN ALAPS4009A)

In the result, the appeal fails and is hereby

1) of the Act, provident fund payments and disallowance under Section 14A of the Act. The assessee thereupon filed an appeal before the Commissioner of Income Tax (Appeals), who by an order dated 03.07.2006 partly allowed the appeal preferred by the assessee. The assessee as well as the revenue approached the Income Tax Appellate Tribunal by filing appeals. The Tribunal

The Pr. Commissioner of Income-Tax-1 vs. M/s. New River Software System Pvt Ltd.,

The appeals are dismissed

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

disallowance of interest of `75,47,897/- on unsecured loans was added under Section 68 of the Act and an amount of `1,51,200/- which was expended on the foreign guests was added. 3. Apropos the appeals filed in 2015, a similar reassessment order was passed pursuant to the search proceedings under Section 132

The Commissioner of Income Tax-I vs. Adaptec [India] Ltd

The appeals are dismissed

disallowance of interest of `75,47,897/- on unsecured loans was added under Section 68 of the Act and an amount of `1,51,200/- which was expended on the foreign guests was added. 3. Apropos the appeals filed in 2015, a similar reassessment order was passed pursuant to the search proceedings under Section 132

Commissioner of Income Tax vs. M/s.K.Seetha Ramaiah AND Others

The appeal stands dismissed

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

disallowed by the A.O. and confirmed by CIT(A) and whether the finding in respect of the above additions is perverse? 3. “Whether on the facts and circumstances of the case, the learned ITAT was right and justified in holding that Rs. 16 Lac had flown back from unexplained lease payments and whether the finding in respect of the above

The Commissioner of Income tax vs. M/s. Nirmala Constructions

The appeal stands dismissed

Bench: Cit(A) After The Amendment U/S. 80P(2)(A)(Iii) Of The Act? Iv) Whether, In The Facts & Circumstances Of The Case The

disallowance. He further submits that the interest income has been earned from short-term deposits with Co-operative Banks and Co-operative Societies and is fully exempted u/s 80P(2)(d). The CTT(A), in the subsequent assessment year, i.e., assessment year 1993-94, has allowed the same. The reliance was also placed upon the judgement of Hon'ble Punjab

THE ASST COMMISSIONER OF INCOME TAX vs. SRI K.C.K.A.GUPTA

The Appeal is dismissed

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

132(4) of the Act. Subsequently, he has enhanced it to Rs.1,43,21,000/-, which was later scaled down to Rs.1,41,02,000/- for the entire group. The Assessing Officer (AO), in the block assessment proceedings for the block period 01-04-1987 to 24-10-1997, accepted the returns filed by the assessee. Subsequently, the internal Audit