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

142(2A) of the Act; or (d) if a person having made a return fails to comply with all the terms of a notice issued under Section 143(2) of the Act. Section 145(2) of the Act confers discretionary power on the assessing officer to make a best judgment assessment in two situations, namely, where the assessing officer

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

142(2A) of the Act; or (d) if a person having made a return fails to comply with all the terms of a notice issued under Section 143(2) of the Act. Section 145(2) of the Act confers discretionary power on the assessing officer to make a best judgment assessment in two situations, namely, where the assessing officer

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

142(2A) of the Act; or (d) if a person having made a return fails to comply with all the terms of a notice issued under Section 143(2) of the Act. Section 145(2) of the Act confers discretionary power on the assessing officer to make a best judgment assessment in two situations, namely, where the assessing officer

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

142(2A) of the Act; or (d) if a person having made a return fails to comply with all the terms of a notice issued under Section 143(2) of the Act. Section 145(2) of the Act confers discretionary power on the assessing officer to make a best judgment assessment in two situations, namely, where the assessing officer

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

142(2A) of the Act; or (d) if a person having made a return fails to comply with all the terms of a notice issued under Section 143(2) of the Act. Section 145(2) of the Act confers discretionary power on the assessing officer to make a best judgment assessment in two situations, namely, where the assessing officer

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

142(2A) of the Act; or (d) if a person having made a return fails to comply with all the terms of a notice issued under Section 143(2) of the Act. Section 145(2) of the Act confers discretionary power on the assessing officer to make a best judgment assessment in two situations, namely, where the assessing officer

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

142(2A) of the Act; or (d) if a person having made a return fails to comply with all the terms of a notice issued under Section 143(2) of the Act. Section 145(2) of the Act confers discretionary power on the assessing officer to make a best judgment assessment in two situations, namely, where the assessing officer

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

142(2A) of the Act; or (d) if a person having made a return fails to comply with all the terms of a notice issued under Section 143(2) of the Act. Section 145(2) of the Act confers discretionary power on the assessing officer to make a best judgment assessment in two situations, namely, where the assessing officer

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

142(2A) of the Act; or (d) if a person having made a return fails to comply with all the terms of a notice issued under Section 143(2) of the Act. Section 145(2) of the Act confers discretionary power on the assessing officer to make a best judgment assessment in two situations, namely, where the assessing officer

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

142(2A) of the Act; or (d) if a person having made a return fails to comply with all the terms of a notice issued under Section 143(2) of the Act. Section 145(2) of the Act confers discretionary power on the assessing officer to make a best judgment assessment in two situations, namely, where the assessing officer

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

142(2A) of the Act; or (d) if a person having made a return fails to comply with all the terms of a notice issued under Section 143(2) of the Act. Section 145(2) of the Act confers discretionary power on the assessing officer to make a best judgment assessment in two situations, namely, where the assessing officer

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

142(2A) of the Act; or (d) if a person having made a return fails to comply with all the terms of a notice issued under Section 143(2) of the Act. Section 145(2) of the Act confers discretionary power on the assessing officer to make a best judgment assessment in two situations, namely, where the assessing officer

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

142(2A) of the Act; or (d) if a person having made a return fails to comply with all the terms of a notice issued under Section 143(2) of the Act. Section 145(2) of the Act confers discretionary power on the assessing officer to make a best judgment assessment in two situations, namely, where the assessing officer

COMMISSIONER OF INCOME TAX-TDA vs. M/S.IDEA CELLULAR LTD

Bench: SUJOY PAUL,NAMAVARAPU RAJESHWAR RAO

Section 14A of the Act in the return filed had made disallowance of Rs.1,04,90,253/-. This factual position is not disputed. 3. The Assessing Officer held that Rule 8D of the Income Tax Rules, 1962 (‘Rules’ for short) was mandatory and applying the Rule, the disallowance was increased to Rs.4,15,24,709/-. The reasoning given

The Commissioner of Income Tax I vs. M/s. Bhagiradha Chemicals AND Industries Ltd.,

The appeal is disposed of

142/-. 4. Commissioner of Income Tax issued a notice under Section 263 of the Act, dated 4th February, 2011, on two grounds. Firstly, commission of Rs.69,53,949/- had been paid to the two Managing Directors, but should have been disallowed

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

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

disallowance under Section 14A was not worked out.” 3. In W.P.(C) 2795/2008 (for AY 2005-06) the allegations and grounds of reassessment notice were identical. The AO felt that mixing up of trading sales and absence of unit specific profit and loss accounts led to excess deduction under Section 80IB to the extent

M/S.MALLIKARJUNA RICE INDUSTRIES vs. THE INCOME TAX OFFICER

Bench: N.TUKARAMJI,UJJAL BHUYAN

disallowed d b;rck to the t()r-'il itrcotlre oi tl-ie rs scs';ee u4rile rq the assessmctrt tttrtle r Scctior i4ll'' t o1 the Act' v.Snotdorrc'lsscsstlrgo[licerrsstre.lri<.ticetlnder 1li4 oi the Act on l6'01'lCCl ro ihe;rppe[ant Lg to adcl the otrt st 'rritlir lg :llrlottrlt

Commissioner of Income Tax, vs. M/S Foods Fats and Fertilisers Limited,

The appeals stand dismissed

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

disallowed the claim for loss suffered by the Appellant-assessee in trading of Mustard undertaken through M/s Hari Agro Mills Private Ltd., Jamshedpur despite the same having been duly confirmed by the M/s Hari Agro Mills Private Ltd., Jamshedpur.?” DBITA No. 131/2009, DBITA No. 414/2009 i) Whether the ld. ITAT has erred in having taken the view that the issue