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

Commissioner of Income Tax -II vs. The Agrasen 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

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

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

Commissioner of Income Tax - II vs. M/s. Healthware Private Limited

In the result, the order passed by the tribunal

46,17,415/- under Section 115JB of the Act. The case was selected for scrutiny and notice under Section 143(2) of the Act was 4 issued. The Assessing Officer passed an order under Section 143(3) of the Act on 31.12.2007 and disallowed

M/s. Dakshin Infrastructures Private Limited vs. Deputy Commissioner of Income Tax

The appeals are allowed

Bench: N.TUKARAMJI,UJJAL BHUYAN

disallowance of interest expenditure under Section 36(1)(iii) of the Act made by the assessing officer and partly affirmed by the first appellate authority. As a matter of fact, first appellate authority had granted limited relief to the assessees. For the balance relief, appeals were filed by the assessees before the Tribunal. 7. In another batch of appeals

M/s Kausalya Agro Farms and Developers pvt. ltd vs. Deputy Commissioner of Income Tax

The appeals are allowed

Bench: N.TUKARAMJI,UJJAL BHUYAN

disallowance of interest expenditure under Section 36(1)(iii) of the Act made by the assessing officer and partly affirmed by the first appellate authority. As a matter of fact, first appellate authority had granted limited relief to the assessees. For the balance relief, appeals were filed by the assessees before the Tribunal. 7. In another batch of appeals

The Pr. Commissioner of Income-Tax-1 vs. M/s. New River Software System Pvt Ltd.,

The appeals are dismissed

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

disallowance of interest of `75,47,897/- on unsecured loans was added under Section 68 of the Act and an amount of `1,51,200/- which was expended on the foreign guests was added. 3. Apropos the appeals filed in 2015, a similar reassessment order was passed pursuant to the search proceedings under Section 132, whereby inter alia additions

The Commissioner of Income Tax-I vs. Adaptec [India] Ltd

The appeals are dismissed

disallowance of interest of `75,47,897/- on unsecured loans was added under Section 68 of the Act and an amount of `1,51,200/- which was expended on the foreign guests was added. 3. Apropos the appeals filed in 2015, a similar reassessment order was passed pursuant to the search proceedings under Section 132, whereby inter alia additions

Commissioner of Income Tax, vs. Dr. T.Ravi Kumar,

Bench: : The Hon’Ble Justice Surya Prakash Kesarwani & The Hon’Ble Justice Rajarshi Bharadwaj Date : 10Th April, 2024. Appearance: Mr. J. P. Khaitan, Senior Advocate Mr. Sanjay Bhowmick, Advocate Ms. Swapna Das, Advocate … For The Appellant. Ms. Smita Das De, Advocate … For The Respondent. 1. Heard Sri J. P. Khaitan, Learned Senior Advocate Assisted By Sri Sanjay Bhowmick, Learned Counsel For The Appellant/Assessee & Ms. Smita Das De, Learned Senior Standing Counsel For The Respondent. 2. The Assessment Years Involved In The Present Appeal Are Assessment Year 1999-2000 & Assessment Year 2000-01. By Order Dated 16.08.2012, This Appeal Was Admitted On The Following Substantial Questions Of Law :-

46 ITR 181 (Bom) M/s. C.P. Pictures Limited Vs. CIT 4) (1981) 128 ITR 402 (Del) Addl. CIT Vs. M/s. Rajindra Flour & Allied Industries Private Limited and several other decisions. 3.5 The appellant has also given several decisions to support its claim that liability of prior period is allowable in the year of 9 crystallization. So, in view

The Commissoner of Income Tax I , vs. M/s. Alpha Thought Technologies P Ltd.,

In the result, the orders passed by the

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

disallowing interest on the ground that interest payments had not been debited to the profit and loss account and there is no direct nexus between the interest paid to term lenders and the interest earned from other sources. It is further submitted that the interest income accrued from the monies kept in the fixed deposits and nexus between the deposit

Commissioenr of Income Tax vs. Dr. T. Ravi Kumar

Section 271(1) (c). From the reading of the assessment order it is not clear that whether the AO was satisfied even prima facie that this claim is suitable for initiating penalty proceedings. The same, therefore, cannot be sustained. On the point of penalty on disallowance after appreciation of facts and circumstances of the case, no penalty is exigable

The Pr. Commissioner of Income vs. Shri. Vishnu Mohan Reddy Chintapally

Appeal is disposed of

Bench: J SREENIVAS RAO,ALOK ARADHE

46,700/- by making an addition of ₹4,37,046/- on account of disallowance of expenditure for personal use. 12. The learned PCIT exercising its powers under Section

The Commissioner of Income Tax (Central) vs. K. V. Srinivasa Rao

46 Neutral Citation No. ( 2025:HHC:2282-DB ) examination by learned counsel for the accused Rajeev Kaushal that he was not aware of a press release published in the newspaper on 16.2.2013 in which the police claimed to have arrested all the culprits in the case and published the photographs of the accused in the newspaper. Dharma Nand (PW15) stated

The Commissioner of Income Tax - IV vs. M/s. Mekins Agro Product (P) Ltd.

disallowance. We feel the assessee should be allowed to write back the depreciation for this year and even for previous and then allow the same to be carried forward for application for subsequent years. It is for the assessee to write back depreciation and if Hi >- V II done the Assessing Officer will modify the assessment determining higher income

The Commissioner of Income Tax -1 vs. R.S. Sudheesh

disallowed as 'capital loss' and the advances amounting to Rs.2,32,93,575/- given for acquisition of revenue items subsequently written off are held as allowable under Section 37 of the Act as 'current expenses'. 2 (1974) 96 ITR 568 (J&K) 3 (1962) 46

The Commissioner of Income Tax (Central) vs. G Radha Charan Reddy

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

46 YEARS MARINE DRIVE, KOCHI - 31, REPRESENTED BY ITS DGM (TAXATION AND ACCOUNTS), MR.VARGHESE P. JACOB. BY ADVS. SRI.A.KUMAR SRI.P.J.ANILKUMAR SMTG.MINI1748 SRI.P.S.SREE PRASAD RESPONDENTS: 1 THE STATE OF KERALA REPRESENTED BY SECRETARY, TAXES DEPARTMENT, THIRUVANANTHAPURAM - 695 001. 2 COMMISSIONER OF COMMERCIAL TAXES THIRUVANANTHAPURAM - 695 001. 3 DEPUTY COMMISSIONER COMMERCIAL TAXES, ERNAKULAM - 682 018. 4 THE ASST.COMMISSIONER ASSESSMENT COMMERCIAL TAXES, SPECIAL

The Commissioner of Income Tax- I vs. M/s. Avon Organics Limited

Bench: GODA RAGHURAM,M.S.RAMACHANDRA RAO

disallowed as revenue expenditure but capitalised, is as under:- “S.No. Expenses Head Amount 01. Salary & Wages 2283936 02 Employer Contribution to PF 46658 03 Employer Contribution to ESI 46919 04 Admin Charges PF/EDLI 4316 05 ESLI Charges 1943 06 Medical Expenses 151 07 Books & Periodicals 986 08 House Keeping Expenses 42493 09 Generator Running Maintt. 25121 ITA 257/2012 Page