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3 results for “disallowance”+ Section 184(5)clear

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Key Topics

Section 115J4Section 271(1)(c)4Section 2602Section 43D2Section 36(1)(vii)2Section 36(2)(i)2Section 14A2Section 36(1)2

The Commissioner of Income tax III, vs. Biraj Kavar Galada

The appeals are disposed of

ITTA/98/2010HC Telangana29 Feb 2016

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Section 115JSection 14ASection 260Section 36(1)(vii)Section 36(2)(i)Section 43D

disallowed? (ii) Whether the provisions of Section 14A of the Act read with Rule 8D of the Income Tax Rules should be made applicable to all pending matters as the same is clarifactory 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 be treated

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

ITTA/672/2017HC Telangana15 Nov 2017

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

Section 260ASection 271(1)(c)Section 28Section 36(1)Section 36(1)(viii)

disallowed while computing the total income is not deemed to be income in respect of which particulars have been concealed. 6. In the context of the present case, we would like to first reproduce clause (viii) of Section 36(1) of the Act as applicable in the Assessment Years 2003-2004 to 2009-2010, which reads:- “36. (1) The deductions

The Commissioner of Income Tax -III vs. Sri T.C. Reddy

The appeal stands dismissed

ITTA/577/2011HC Telangana28 Feb 2012

184 8.85 Smt. 7.4.06 2225000 500000 7876500 “8. On preliminary study of the audit report of M/s. Mrigiya Electronics Industries P Ltd. it was noticed that the audit report does not show any activity of land purchased or sale. Neither any profit on account of this activity was reflected in the final accounts. M/s. Mrigiya Electronics Industries P Ltd. showing