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

In the result, the appeal is disposed of

Bench: ANIS,SANJAY KUMAR

ii) ALLOW THE APPEAL AND SET ASIDE THE FINDINGS TO THE EXTENT AGAINST THE APPELLANT IN THE ORDER PASSED BY THE ITAT, 'C' BENCH, BENGALURU IN ITA NO.1372/BANG/2014 RELATING TO ASSESSMENT YEAR 2007-08 VIDE ITS ORDER DATED 29.02.2016. THIS I.T.A. COMING ON FOR FINAL HEARING, THIS DAY, ALOK ARADHE J., DELIVERED THE FOLLOWING: JUDGMENT This appeal under Section 260A

Andhra PRadesh Pradesh Fibres Limited vs. Assistant commissioner of Income Tax

In the result, the order passed by the

Bench: V.V.S.RAO,SANJAY KUMAR

ii) Whether the Assessing Officer who passed an order dated 15.12.2009 was only giving effect to the order passed by the Tribunal dated 31.07.2006 and this order fell within Section 153(3) of the Act 5 and not under Section 153(2A) of the Act as held by the Tribunal? 2. For the facility of reference, facts from ITA No.370/2011

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

The appeal is disposed of

disallow the commission payment made to the said directors and the fresh assessment order u/s143(3) of I.T. Act may be passed accordingly.” (emphasis supplied) 7. On the second issue, the Commissioner of Income Tax referred to the total figure of expenses claimed against the manufacturing unit and the expenses booked against trading activities. In paragraph 5 the Commissioner accepted

Andhra Pradesh Fibres Limited, vs. Addl. Commissioner of Income Tax,

143(3) of the Act was erroneous in the eyes of law when the CIT in his order u/s 263 has clearly brought out that plain reading of the sub- section 9 of Section 80IA of the I.T. Act makes it amply clear that where any amount of profits and gains in the case of an assessee is claimed

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

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.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

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 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

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

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

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

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

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

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.B.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 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

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 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

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

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

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

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

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

disallowed? (ii) Whether the provisions of the Section 14A of the Act r/w Rule 8D of the Income Tax Rules should be made applicable to all pending matters as the 4 same is clarificatory in nature in view of the consistent stands taken by the department? (iii) Whether the Tribunal was correct in holding that the estimated expenditure cannot