M/s.Tata Teleservices Limited vs. Dy. Commissioner of Income Tax

Bench: SUJOY PAUL,NAMAVARAPU RAJESHWAR RAO

disallowable u/s 14A. In above background apportionment of expenses is done applying section 14A read with Rule 8D as under:- Clause Particulars Amount i Expenditure directly related to exempt income Nil Digitally Signed By:PREM MOHAN CHOUDHARY Signing Date:06.12.2023 16

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

The appeal is disposed of

16 are attracted, is set-aside on this limited issue with a direction to the AO to verify as to whether the concerned directors were stake holders/shareholders in the company, entitled to profits/dividend of the company and if these facts appear to be correct then the provisions of Section 36(1)(ii) may be invoked to disallow

PR COMMISSIONER OF INCOME TAX vs. R SURYANARAYANA

In the result, the appeal filed by the revenue stands

Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI

16 IN THE HIGH COURT AT CALCUTTA Special Jurisdiction (Income Tax) ORIGINAL SIDE IA NO.GA/2/2018 (Old No.GA/3402/2018) ITAT/308/2018 PRINCIPAL COMMISSIONER OF INCOME TAX-4, KOLKATA -Versus- M/S. RELIANCE CHEMOTEX INDUSTRIES LTD. Appearance : Mr. P.K. Bhowmik, for the appellant. Mr. J.P. Khaitan, Sr. Adv., Mr. Akhilesh Kumar Gupta, Adv., Mr. Asim Chatterjee, Adv., Mr. Soham

Principal Commissioner of Income Tax vs. M/s Nara Constructions,

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

Section 271(1)(c) states that where in respect of any facts material to computation of total income of an assessee, the assessee offers no explanation or where an assessee offers an explanation, which he is ITA No. 625/2017+connected Page 3 of 16 not able to substantiate and fails to prove that such explanation is bona fide and that

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

Bench: ABHINAND KUMAR SHAVILI,V RAMASUBRAMANIAN

disallowed under Section 40(a) of the Act. Further, assessee did not make any payment and reversed the provision during the year ending March 31, 2008. In substance, assessee's case is, the original provision was not allowed as deduction and therefore reversal of the same cannot be taxed again. I.T.A No.71/2017 C/W I.T.A No.785/2017 13 16

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

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

disallows certain expenditures incurred to earn exempt income from being deducted from other incomes which is includable in the total income for the purposes of chargeability to the tax. It is equally well settled that expenditure is a pay out. In order to attract applicability of section 14A of the Act, there has to be a pay out and return

PRL COMM OF INCOME TAX-2, HYDERABAD vs. M/S NUZIVIDU SWATHI COASTAL CONSORTIUM, HYDERABAD

In the result, the appeal is disposed of

Bench: M.GANGA RAO,RAMESH RANGANATHAN

disallowed. The tribunal in para 16 has reproduced 9 the contents of the aforesaid communication and therefore, the assessee cannot raise the plea in this regard after admitting the same. It is also pointed out that the Assessing Officer has recorded a finding that the assessee has not claimed any expenditure in relation to the income from dividend

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

Bench: The Learned

16. The learned CIT(A) dismissed the Assessee’s challenge to the disallowance under Section 54F of the Act in terms

Commissioner of Income tAx, vs. Sri Padala Ramakrishna Reddy,

The appeals stand dismissed

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

16. In the case of Aman Marble Industries Pvt. Ltd. v. Collector of Central Excise reported in MANU/SC/0858/2003 : 157 ELT 393(SC), the question that arose for consideration was whether cutting of marble blocks into marble slabs amounted to manufacture for the purposes of Central Excise Act. At the outset, we may point out that in the present case

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

16]. Section 44AC of the Act inter alia stipulated that the profits and gains of purchaser of goods in the nature of alcoholic liquor for human consumption shall be deemed to be equal at 40% of the purchase price. The Division Bench of the High Court of Andhra Pradesh read it down holding that the provision was intended to check

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

16]. Section 44AC of the Act inter alia stipulated that the profits and gains of purchaser of goods in the nature of alcoholic liquor for human consumption shall be deemed to be equal at 40% of the purchase price. The Division Bench of the High Court of Andhra Pradesh read it down holding that the provision was intended to check

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

16]. Section 44AC of the Act inter alia stipulated that the profits and gains of purchaser of goods in the nature of alcoholic liquor for human consumption shall be deemed to be equal at 40% of the purchase price. The Division Bench of the High Court of Andhra Pradesh read it down holding that the provision was intended to check

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

16]. Section 44AC of the Act inter alia stipulated that the profits and gains of purchaser of goods in the nature of alcoholic liquor for human consumption shall be deemed to be equal at 40% of the purchase price. The Division Bench of the High Court of Andhra Pradesh read it down holding that the provision was intended to check

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

16]. Section 44AC of the Act inter alia stipulated that the profits and gains of purchaser of goods in the nature of alcoholic liquor for human consumption shall be deemed to be equal at 40% of the purchase price. The Division Bench of the High Court of Andhra Pradesh read it down holding that the provision was intended to check

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

16]. Section 44AC of the Act inter alia stipulated that the profits and gains of purchaser of goods in the nature of alcoholic liquor for human consumption shall be deemed to be equal at 40% of the purchase price. The Division Bench of the High Court of Andhra Pradesh read it down holding that the provision was intended to check

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

16]. Section 44AC of the Act inter alia stipulated that the profits and gains of purchaser of goods in the nature of alcoholic liquor for human consumption shall be deemed to be equal at 40% of the purchase price. The Division Bench of the High Court of Andhra Pradesh read it down holding that the provision was intended to check

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

16]. Section 44AC of the Act inter alia stipulated that the profits and gains of purchaser of goods in the nature of alcoholic liquor for human consumption shall be deemed to be equal at 40% of the purchase price. The Division Bench of the High Court of Andhra Pradesh read it down holding that the provision was intended to check

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

16]. Section 44AC of the Act inter alia stipulated that the profits and gains of purchaser of goods in the nature of alcoholic liquor for human consumption shall be deemed to be equal at 40% of the purchase price. The Division Bench of the High Court of Andhra Pradesh read it down holding that the provision was intended to check