The Director of Income Tax, (Exemptions) vs. Royal Education Society

In the result, the appeal is disposed of

Bench: ANIS,SANJAY KUMAR

143(3) read with Section 147 of the Act determined the income of the assessee at Rs.51,71,70,670/- and made following additions: (a) disallowance

The Commissioner of Income Tax-I vs. M/s Andhra Bank

In the result, the appeal is dismissed

Bench: CHALLA KODANDA RAM,C.V.NAGARJUNA REDDY

Section 143(1) of the Act was passed on 27.12.2010, by which the interest paid was not treated as revenue expenditure and disallowance

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

Bench: A.SHANKAR NARAYANA,V RAMASUBRAMANIAN

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 Section 147, an amount of Rs.4,73,75,000/- was identified to the assets acquired, which had been

The Commissioner of Income Tax vs. M/s Kaveri Bar AND Restaurant,

Bench: ABHINAND KUMAR SHAVILI,V RAMASUBRAMANIAN

disallowing lesser amount under Section 36(i)(iii) of the Income Tax Act in the assessment order under Section 143

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

Bench: The Learned

143(3) of the Act restricting the deduction under Section 54F to ₹30 crores, as against ₹90 crores claimed by the Assessee. 7. The Assessee had deposited the consideration in the capital gains account in two tranches – ₹30 crores on 28.07.2011 and ₹60 crores on 29.07.2011. The AO noted that the Assessee had paid a certain amount to a charitable

The Prl Commissioner of Income Tax (Exemptions) vs. Institute of Development and Research in Banking Technology

Bench: ABHINAND KUMAR SHAVILI,V RAMASUBRAMANIAN

disallowed deduction and added back the amount on the ground that it was 'inadvertently' allowed by the AO without verifying the reversal of provision; • that the assessment was made under Section 143

THE COMMISSIONER OF INCOME TAX-III vs. M/S. SOMA ENTERPRISES LTD

The appeal is disposed off accordingly

Bench: The Hon'Ble Mr. Justice Ravi Malimath

Section 143(2) was issued and served on the assessee on 23.08.2007. In response to the same, the Internal Auditor has appeared and represented the case and produced various documents and books of account for verification. 4. On the question of depreciation, the Trust had claimed deduction towards depreciation allowance 4 amounting to Rs.8,41,36,636/- which includes depreciation

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

Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI

disallowance made under section 14A of the Act?” 2. The factual background in which the aforesaid substantial questions of law arises for our consideration needs mention. 4 The assessee is a Banking Company. For the Assessment Year 2007-08, the assessee filed Return of Income on 29.10.2007 and declared the Income as ‘Nil’. The Return was processed under Section 143

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

Bench: SUJOY PAUL,NAMAVARAPU RAJESHWAR RAO

143(3) of the Act.” 4. The enhanced disallowance was deleted by the Commission of Income Tax (Appeals) observing that the assessee had made disallowance Rs.1,04,90,253/- under Section

THE COMMISSIONER OF INCOME TAX vs. K.VENKATESWARLU

Accordingly they are dismissed

Bench: V.ESWARAIAH,K.G.SHANKAR

143 (1) (a) of the Income Tax Act, 1961 (for short ‘the Act’) 40% of the incentive bonus towards the claim of exemption under Section 10 (14) of the Act was disallowed

Commissioner of Income Tax-2, vs. Agricultural Market Committee,

Bench: : The Hon’Ble Justice Surya Prakash Kesarwani & The Hon’Ble Justice Rajarshi Bharadwaj Date : 28Th February 2024. Appearance: Mr. J. P. Khaitan, Senior Advocate Mr. Somak Basu, Advocate … For The Appellant. Mr. Vipul Kundalia, Advocate Mr. Anurag Roy, Advocate Ms. Oindrila Ghosal, Advocate … For The Respondent. 1. Heard Sri J. P. Khaitan, Learned Senior Advocate Assisted By Sri Somak Basu, Learned Counsel For The Appellant Assessee & Vipul Kundalia, Learned Senior Standing Counsel For The Respondent. 2. This Appeal Was Admitted By This Court By Order Dated 19.08.2011 On Four Substantial Questions Of Law. Learned Counsel For The Appellant Has Stated That The Appellant Does Not Want To Press The Substantial

disallowance of Rs.44,03,373.68 Paise under Section 14A of the Income Tax Act, 1961 as interest expenditure incurred in relation to exempt of income from tax free bonds ? 2) Whether the learned Tribunal below committed substantial error of law in upholding the deduction of Rs.41,03,833/- from the unit dividend income as interest expenditure incurred in relation thereto

The Commissioner of Income Tax-IV vs. M/s Planet Online Pvt Ltd

Bench: Us Challenging Order Dated 17.04.2013, Passed By The Income Tax Appellate Tribunal, Chandigarh Bench 'B'. Chandigarh (Hereinafter Referred To As 'The

Section 143(3) of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') by making numerous additions, and disallowing

The Commissioner of Income Tax-III vs. Smt.Anitha Sanghi

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Section 143(2) of the Act. The Assessing Officer by an order dated 31.12.2002 inter alia held that since exempted dividend does not form part of income, the assessee is not entitled to disallowance

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

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 is not satisfied about the correctness or completeness of the accounts of the assessee; and where the assessee has not followed regularly any method of accounting provided

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

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 is not satisfied about the correctness or completeness of the accounts of the assessee; and where the assessee has not followed regularly any method of accounting provided

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

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 is not satisfied about the correctness or completeness of the accounts of the assessee; and where the assessee has not followed regularly any method of accounting provided

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

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 is not satisfied about the correctness or completeness of the accounts of the assessee; and where the assessee has not followed regularly any method of accounting provided

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

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 is not satisfied about the correctness or completeness of the accounts of the assessee; and where the assessee has not followed regularly any method of accounting provided

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

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 is not satisfied about the correctness or completeness of the accounts of the assessee; and where the assessee has not followed regularly any method of accounting provided