Commissioner of Income Tax vs. M/s Ch.Veeraju AND co.

207, 227 of 2013, 92 & 93 of 2014 Dated this the 22nd day of July, 2021 Bechu Kurian Thomas, J. This batch of appeals relates to the assessment years 2004-05 till 2009-10. The issues raised in all these appeals are similar if not identical and hence we heard these appeals together. Except in two appeals, the questions raised

Commissioner of Income Tax - VI vs. M/s. S.P. Steels

207, 227 of 2013, 92 & 93 of 2014 Dated this the 22nd day of July, 2021 Bechu Kurian Thomas, J. This batch of appeals relates to the assessment years 2004-05 till 2009-10. The issues raised in all these appeals are similar if not identical and hence we heard these appeals together. Except in two appeals, the questions raised

Commissioner of Income Tax-II vs. Energy Solutions International India Pvt Ltd.,

Bench: J. UMA DEVI,V RAMASUBRAMANIAN

207) 5 273 ITR 50 - 15 - ITA No. 383 of 2016 from the precincts of Section 260A which employs the expression ‘substantial question of law’. C. AS TO BURDEN OF PROOF AND IMPOSSIBILITY OF ITS DISCHARGE: (i) As already mentioned above, the burden of proving the expenditure incurred ‘wholly and exclusively’ for the purpose of business, is on the Assessee

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

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.

disallowed the unabsorbed loss of the earlier Assessment Years. Aggrieved by that, the applicant filed an appeal before the Commissioner (Appeals). Through order, dated 04.12.1991, the Commissioner allowed the appeal and 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 COMMISSIONER OF INCOME TAX III, vs. M/S. SAVIJANA SEA FOODS PVT. LTD.,

Appeals of the Revenue are dismissed

Bench: J SREENIVAS RAO,ALOK ARADHE

disallowable on the ground of such payment having been made for „extraneous considerations.‟ 34. In Kanga and Palkhivala‟s Commentary on the Income Tax Law Volume 1, the distinction between the expressions “for the purpose of earning profits‟ and „for purpose of the business‟ was brought out as under: “11. Wholly and Exclusively for the Purposes of the Business

Commissioner of Income Tax, vs. M/s. Kokivenkateswara Reddy AND others,

Appeals of the Revenue are dismissed

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

disallowable on the ground of such payment having been made for „extraneous considerations.‟ 34. In Kanga and Palkhivala‟s Commentary on the Income Tax Law Volume 1, the distinction between the expressions “for the purpose of earning profits‟ and „for purpose of the business‟ was brought out as under: “11. Wholly and Exclusively for the Purposes of the Business

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