Commissioner of Income Tax-2, vs. Agricultural Market Committee,

Bench: : The Hon’Ble Justice Surya Prakash Kesarwani & The Hon’Ble Justice Rajarshi Bharadwaj Date : 28Th February 2024. Appearance: Mr. J. P. Khaitan, Senior Advocate Mr. Somak Basu, Advocate … For The Appellant. Mr. Vipul Kundalia, Advocate Mr. Anurag Roy, Advocate Ms. Oindrila Ghosal, Advocate … For The Respondent. 1. Heard Sri J. P. Khaitan, Learned Senior Advocate Assisted By Sri Somak Basu, Learned Counsel For The Appellant Assessee & Vipul Kundalia, Learned Senior Standing Counsel For The Respondent. 2. This Appeal Was Admitted By This Court By Order Dated 19.08.2011 On Four Substantial Questions Of Law. Learned Counsel For The Appellant Has Stated That The Appellant Does Not Want To Press The Substantial

disallowance of the interest incurred as expenditure, to the extent related to the tax free interest on bonds. Substantial Question of Law No.(2): 20 20. With regard to the substantial question of law no.(2), we find that a co-ordinate Bench of this Court in National Grindlays Bank (supra) and Kanoria Investment Pvt. Ltd. (supra) held that

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

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

23,249/-. The assessee declared Rs.2,06,92,53,033/- as book profit under Section 115JA of the Act. The return was processed under Section 143(1) of the Act resulting in refund of Rs.10,62,37,618/-. Thereafter a notice was issued under Section 143(2) of the Act. The Assessing Officer by an order dated 31.12.2002 inter alia

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

23 of the Indian Income Tax Act requires the Income Tax Officer to assess the total income of the assessee and determine the sum payable by him on the basis of such assessment, by “an order in writing”; but clause (b) of sub-section (2) of Section 10 of the Act requires the Commissioner to assess the amount

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

23 of the Indian Income Tax Act requires the Income Tax Officer to assess the total income of the assessee and determine the sum payable by him on the basis of such assessment, by “an order in writing”; but clause (b) of sub-section (2) of Section 10 of the Act requires the Commissioner to assess the amount

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

23 of the Indian Income Tax Act requires the Income Tax Officer to assess the total income of the assessee and determine the sum payable by him on the basis of such assessment, by “an order in writing”; but clause (b) of sub-section (2) of Section 10 of the Act requires the Commissioner to assess the amount

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

23 of the Indian Income Tax Act requires the Income Tax Officer to assess the total income of the assessee and determine the sum payable by him on the basis of such assessment, by “an order in writing”; but clause (b) of sub-section (2) of Section 10 of the Act requires the Commissioner to assess the amount

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

23 of the Indian Income Tax Act requires the Income Tax Officer to assess the total income of the assessee and determine the sum payable by him on the basis of such assessment, by “an order in writing”; but clause (b) of sub-section (2) of Section 10 of the Act requires the Commissioner to assess the amount

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

23 of the Indian Income Tax Act requires the Income Tax Officer to assess the total income of the assessee and determine the sum payable by him on the basis of such assessment, by “an order in writing”; but clause (b) of sub-section (2) of Section 10 of the Act requires the Commissioner to assess the amount

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

23 of the Indian Income Tax Act requires the Income Tax Officer to assess the total income of the assessee and determine the sum payable by him on the basis of such assessment, by “an order in writing”; but clause (b) of sub-section (2) of Section 10 of the Act requires the Commissioner to assess the amount

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

23 of the Indian Income Tax Act requires the Income Tax Officer to assess the total income of the assessee and determine the sum payable by him on the basis of such assessment, by “an order in writing”; but clause (b) of sub-section (2) of Section 10 of the Act requires the Commissioner to assess the amount

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

23 of the Indian Income Tax Act requires the Income Tax Officer to assess the total income of the assessee and determine the sum payable by him on the basis of such assessment, by “an order in writing”; but clause (b) of sub-section (2) of Section 10 of the Act requires the Commissioner to assess the amount

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

23 of the Indian Income Tax Act requires the Income Tax Officer to assess the total income of the assessee and determine the sum payable by him on the basis of such assessment, by “an order in writing”; but clause (b) of sub-section (2) of Section 10 of the Act requires the Commissioner to assess the amount

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

23 of the Indian Income Tax Act requires the Income Tax Officer to assess the total income of the assessee and determine the sum payable by him on the basis of such assessment, by “an order in writing”; but clause (b) of sub-section (2) of Section 10 of the Act requires the Commissioner to assess the amount

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

23 of the Indian Income Tax Act requires the Income Tax Officer to assess the total income of the assessee and determine the sum payable by him on the basis of such assessment, by “an order in writing”; but clause (b) of sub-section (2) of Section 10 of the Act requires the Commissioner to assess the amount

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

23 of the Indian Income Tax Act requires the Income Tax Officer to assess the total income of the assessee and determine the sum payable by him on the basis of such assessment, by “an order in writing”; but clause (b) of sub-section (2) of Section 10 of the Act requires the Commissioner to assess the amount

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

23 of the Indian Income Tax Act requires the Income Tax Officer to assess the total income of the assessee and determine the sum payable by him on the basis of such assessment, by “an order in writing”; but clause (b) of sub-section (2) of Section 10 of the Act requires the Commissioner to assess the amount

Commissioner of IncomeTax-2, vs. Mr. Mustafa Alam Khan,

Appeal is allowed

Bench: SANJAY KUMAR,GUDISEVA SHYAM PRASAD

Section 143(3) of the IT Act for the first two years after acquiring the said rights i.e., for AYs 2003-04 and 2004-05. However, for AY 2005-06 and 2006-07 the proportionate deduction of a sum of `25,23,333/- and `18,92,500/- was claimed, which was disallowed

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

Bench: The Learned

disallowance under Section 54F of the Act in terms of the order dated 18.03.2019 passed under Section 250 of the Act. The Assessee being aggrieved by the learned CIT(A)’s order preferred an appeal before the learned ITAT [being ITA 3426/Del/2019], which was allowed by the learned ITAT by the impugned order. The present appeal by the Revenue