The Commissioner of Income Tax-II vs. The Andhra Bank Employees Co.Operative Bank Limited

In the result, for the above reasons, these appeals fail and

Bench: V.V.S.RAO,RAMESH RANGANATHAN

disallowed by the assessing officer on the ground that the assessee did not obtain prior approval in respect of investments against statutory reserves as required under Section 46 of the Andhra Pradesh Cooperative Societies Act, 1964 (the Societies Act) and Rule 37(2) of the Andhra Pradesh Cooperative Societies Rules, 1964 (the Societies Rules). The assessing officer came

Commissioner of Income Tax-II, vs. M/S The A.P.Mahesh Coop. Urban Bank Ltd,

In the result, for the above reasons, these appeals fail and

Bench: V.V.S.RAO,RAMESH RANGANATHAN

disallowed by the assessing officer on the ground that the assessee did not obtain prior approval in respect of investments against statutory reserves as required under Section 46 of the Andhra Pradesh Cooperative Societies Act, 1964 (the Societies Act) and Rule 37(2) of the Andhra Pradesh Cooperative Societies Rules, 1964 (the Societies Rules). The assessing officer came

COMMISSIONER OF INCOME TAX-II, HYDERABAD vs. M/s. The A.P.Vardhaman(Mahila)Cooperative Urban

In the result, for the above reasons, these appeals fail and

Bench: V.V.S.RAO,RAMESH RANGANATHAN

disallowed by the assessing officer on the ground that the assessee did not obtain prior approval in respect of investments against statutory reserves as required under Section 46 of the Andhra Pradesh Cooperative Societies Act, 1964 (the Societies Act) and Rule 37(2) of the Andhra Pradesh Cooperative Societies Rules, 1964 (the Societies Rules). The assessing officer came

The Commissioner of Income Tax-II vs. M/s.Pact Securities AND Financial Services Ltd

Bench: The Commissioner Of Income Tax (Appeals), The Assessees Had Called In Question The Orders Of Assessing Officer (For Short ‘The A.O.’), Who, While Completing The Assessment For The Relevant Assessment Years Disallowed The Deduction Of The “Lease Equalization” Charges From The Lease Rental Income. The Disallowed Amounts By The Cit (Appeals) In These Appeals Are Of Rs.48,56,224/-, Rs,44,18,245/- & Rs.13,16,123/-.

Section 142 (1) and 143 (2) were issued, in response to which, Chartered Accountant of the assessee appeared before the A.O. and furnished details called for. The assessment was then completed and the A.O. disallowed the lease equalization charges of Rs.48,56,224/- from the lease rental charges for the assessment year 1998-99. 3.1 During the assessment year

PRL COMMR OF INCOME TAX, TIRUPATI, CHITTOOR DIST vs. V DWARAKANATH REDDY, CHITTOOR

The appeals are hereby dismissed

Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI

14 plots measuring 1512 sq. ydds. valuing Rs. 45.2 lacs and PANKAJ BAWEJA 2018.09.20 19:01 I attest to the accuracy and authenticity of this document [HIGH COURT, CHANDIGARH] ITA No. 161 of 2016 (O&M) & connected cases. -9- construction cost rs. 64.86 lakhs vide Resolution No.56 dated 31.08.2006 and were handed over to the poor (free of cost

The Commissioner of Income tax vs. M/s. Nirmala Constructions

The appeal stands dismissed

Bench: Cit(A) After The Amendment U/S. 80P(2)(A)(Iii) Of The Act? Iv) Whether, In The Facts & Circumstances Of The Case The

disallowance. He further submits that the interest income has been earned from short-term deposits with Co-operative Banks and Co-operative Societies and is fully exempted u/s 80P(2)(d). The CTT(A), in the subsequent assessment year, i.e., assessment year 1993-94, has allowed the same. The reliance was also placed upon the judgement of Hon'ble Punjab

COMMISSIONER OF INCOME TAX-TDA vs. M/S.IDEA CELLULAR LTD

Bench: SUJOY PAUL,NAMAVARAPU RAJESHWAR RAO

2) and (3) of section 14A, which are procedural. The disallowance is strictly to be made in terms of the specific provisions of Rule 8D. The assessee has offered the total dividend income as disallowance u/s 14A but it is not acceptable as computation under rule 8D. The assessee has not established with the necessary documentary evidence that

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

14] which was affirmed by the Supreme Court in Union of India v A.Sanyasi Rao[15]. These decisions dealt with the constitutional validity of Sections 44AC and 206C of the Act[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

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

14] which was affirmed by the Supreme Court in Union of India v A.Sanyasi Rao[15]. These decisions dealt with the constitutional validity of Sections 44AC and 206C of the Act[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

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

14] which was affirmed by the Supreme Court in Union of India v A.Sanyasi Rao[15]. These decisions dealt with the constitutional validity of Sections 44AC and 206C of the Act[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

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

14] which was affirmed by the Supreme Court in Union of India v A.Sanyasi Rao[15]. These decisions dealt with the constitutional validity of Sections 44AC and 206C of the Act[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

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

14] which was affirmed by the Supreme Court in Union of India v A.Sanyasi Rao[15]. These decisions dealt with the constitutional validity of Sections 44AC and 206C of the Act[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

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

14] which was affirmed by the Supreme Court in Union of India v A.Sanyasi Rao[15]. These decisions dealt with the constitutional validity of Sections 44AC and 206C of the Act[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

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

14] which was affirmed by the Supreme Court in Union of India v A.Sanyasi Rao[15]. These decisions dealt with the constitutional validity of Sections 44AC and 206C of the Act[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

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

14] which was affirmed by the Supreme Court in Union of India v A.Sanyasi Rao[15]. These decisions dealt with the constitutional validity of Sections 44AC and 206C of the Act[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

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

14] which was affirmed by the Supreme Court in Union of India v A.Sanyasi Rao[15]. These decisions dealt with the constitutional validity of Sections 44AC and 206C of the Act[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

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

14] which was affirmed by the Supreme Court in Union of India v A.Sanyasi Rao[15]. These decisions dealt with the constitutional validity of Sections 44AC and 206C of the Act[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

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

14] which was affirmed by the Supreme Court in Union of India v A.Sanyasi Rao[15]. These decisions dealt with the constitutional validity of Sections 44AC and 206C of the Act[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