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

Bench: The Learned

153A read with Section 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

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

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

153A of the Act, whereby inter alia additions of various amounts were made under Section 68 of the Act for Assessment Years (AYs) 2002-03, 2003-04, 2005-06 and 2007-08. These amounts, being primarily towards monies received from various companies as well as disallowances of expenditure, were debited to the profit & loss account

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

The appeals are dismissed

153A of the Act, whereby inter alia additions of various amounts were made under Section 68 of the Act for Assessment Years (AYs) 2002-03, 2003-04, 2005-06 and 2007-08. These amounts, being primarily towards monies received from various companies as well as disallowances of expenditure, were debited to the profit & loss account