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5 results for “disallowance”+ Section 155clear

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Key Topics

Section 80M5Section 373Section 272Section 252Section 1152Addition to Income2

Commissioner of Income Tax vs. J Charan Kumar [HUF]

The appeals are dismissed

ITTA/211/2017HC Telangana17 Apr 2017

Bench: J. UMA DEVI,V RAMASUBRAMANIAN

Section 260ASection 37

disallowed in terms contemplated by Explanation 1 forming part of Section 37. 21. Appearing for the respondent assessee, Mr. Vohra, learned senior counsel submitted that it would be wholly incorrect to view the Bar Council of India Rules as amounting to a prohibition imposed by law and thus fall within the ken of Explanation 1. Mr. Vohra submitted that

COMMR OF INCOME TAX HYD vs. M/S.TAHER ENGG CORP. SECBAD

ITTA/85/2002HC Telangana03 Feb 2012

Bench: The Commissioner (Appeals). Through Order, Dated 04.12.1991, The Commissioner Allowed The Appeal & It Was Held That The Applicant Is Entitled To Treat The Unabsorbed Depreciation As Loss. Thereupon, The Department Carried The Matter In Appeal By Filing Ita.No.728/Hyd/1992 Before The Tribunal. The Tribunal Allowed The Appeal Through Its Order, Dated 28.08.1995 & Took The View That The Unabsorbed Depreciation Cannot Be Treated As Loss For The Purpose Of Section 115-J Of The Act.

Section 115Section 143(1)Section 155Section 256(1)

Section 155-J of the Act and claimed certain benefits thereunder. The Assessing Officer took the view that the applicant is not entitled to treat the unabsorbed depreciation as loss. As a consequence thereof, he disallowed

COMMR.OF I.T. A.P.I HYD vs. DIAMOND HATCHERIES (P) LTD

Appeal is allowed

ITTA/68/2001HC Telangana30 Jul 2013
Section 260Section 80Section 80ASection 80M

disallowed the deduction of Rs.10,19,200/- under Section 80M of the Act claimed by the assessee and also estimated the Closing Stock as Rs.20,00,000/- after giving a benefit of Closing Stock of Rs.1,11,741/- in the assessment year 1983-84, made an addition of Rs.18,88,259/-. Aggrieved against the order of the Assessing Officer

The Commissioner of Income Tax (Central) vs. K. V. Srinivasa Rao

ITTA/480/2017HC Telangana01 Aug 2017
For Respondent: Mr. J.S. Guleria, Deputy
Section 120BSection 25Section 27Section 302

disallowed. These were put during the cross-examination of Bankey, PW 30. They are: Q. Did you state to the investigating officer that the gang rolled the dead bodies of Nathi, Saktu and Bharat Singh and scrutinized them, and did you tell him that the face of Asa Ram resembled that of the deceased Bharat Singh? Q. Did you state

The Commissioner of Income Tax vs. M.Venkata Krishna Mohan

ITTA/325/2005HC Telangana07 Apr 2016

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Section 143(3) of the Act and the income of the appellant was determined at Rs.84,95,035/-. The assessing Officer (hereinafter „AO‟) came to the conclusion that since the payment of Rs.1 Crore was absent in the earlier license agreement and it was for use of the brand, the expenditure of Rs.1 Crore cannot be related to the business