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6 results for “disallowance”+ Section 211clear

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Key Topics

Section 2636Section 36(1)(ii)6Deduction4Addition to Income4Section 2603Disallowance3Section 115J2Section 802Section 260A2Section 35

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

ITTA/291/2003HC Telangana05 Feb 2015

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 142Section 143Section 143(2)Section 260A

211 (3c) of the Companies Act, 1956. Proviso to this Section clearly specifies that till such time Central Government prescribes, the accounting standards issued by ICAI shall be deemed to be the relevant accounting standards. Keeping that in view, it would not be possible to read the word ‘may’ employed in sub-section(2) of Section

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

2
Section 102

The appeal is disposed of

ITTA/447/2013HC Telangana25 Sept 2013
Section 115JSection 263Section 36(1)(ii)Section 80

disallow the commission payment made to the said directors and the fresh assessment order u/s143(3) of I.T. Act may be passed accordingly.” (emphasis supplied) 7. On the second issue, the Commissioner of Income Tax referred to the total figure of expenses claimed against the manufacturing unit and the expenses booked against trading activities. In paragraph 5 the Commissioner accepted

Commissioner of Income Tax-V, vs. Sri S.Venkat Reddy, (PAN ALAPS4009A)

In the result, the appeal fails and is hereby

ITTA/501/2013HC Telangana24 Oct 2013
Section 143(3)Section 14ASection 260Section 41(1)

disallowance under Section 14A of the Act. The assessee thereupon filed an appeal before the Commissioner of Income Tax (Appeals), who by an order dated 03.07.2006 partly allowed the appeal preferred by the assessee. The assessee as well as the revenue approached the Income Tax Appellate Tribunal by filing appeals. The Tribunal, 5 by an order dated 17.05.2013 partly allowed

THE PRL COMMISSIONER OF INCOME TAX [CENTRAL] HYDERABAD vs. M/S SREE NAGENDRA CONSTRUCTIONS, KHAMMAM

In the result, appeal stands dismissed

ITTA/490/2016HC Telangana21 Aug 2018

Bench: This

Section 10Section 260Section 260ASection 35Section 43

disallowance of exchange fluctuation loss of Rs.3,63,47,099/- made by the assessing authority even when the CBDT Instruction No.3/2010 dated 23.03.2010 refers to market losses are notional and contingent and actual losses are allowable as non-speculative only if the transaction qualifies as eligible derivative transaction under clause [d] of proviso to section

The Commissioner of Income Tax-III vs. M/s. Surya Laxmi Cotton Mills Ltd.,

ITTA/557/2010HC Telangana21 Mar 2016

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Section 263Section 265

211 I (1) CIT, Jalandha M/s Max Indi (2) CIT, Jalandha M/s Max Indi CORAM: H H Present M M SANJEEV P 1. T law and facts ITA-557-2010 IN THE HIGH COURT OF PUN AT CHANDIGA I D ar Vs. ia Ltd. I D ar-I, Jalandhar Vs. ia Ltd. HON’BLE MR. JUSTICE

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