PRL COMM OF INCOME TAX-2, HYDERABAD vs. M/S NUZIVIDU SWATHI COASTAL CONSORTIUM, HYDERABAD

In the result, the appeal is disposed of

Bench: M.GANGA RAO,RAMESH RANGANATHAN

1)(vii) of the Act and was eligible for deduction under the aforesaid Section. Alternatively, it is submitted that the claim of the assessee for deduction under Section 37 of the Act was not examined by the authorities. It is also submitted that while dealing with the issue relating to Section 14A of the Act, the Commissioner of Income

Commissioner of Income tAx, vs. Sri Padala Ramakrishna Reddy,

The appeals stand dismissed

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

vii) Sanding (viii) Carving with a view to bring the artistic value and to show that these are antique items. (ix) And lastly polishing (x) Thereafter, various wooden items are fitted according to the need and design of the exportable wooden article, i.e. wooden moulding is fitted Inlay is done.” 7. He contended that taking into (9 of 12) consideration

Principal Commissioner of Income Tax-2 vs. M/s Indur Green Power Private Limited

In the result, all the appeals fail and are hereby

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

VII. The Liability of the members is limited. VIII. The Authorized Share Capital of the company will consist of Rs.1.00.00.000/-(Rupees One Crore only) divided into 10,00,000 (Ten Lacs.) Equity shares of Rs. 10/-(Rupees Ten only) each. IX. True accounts shall be kept of all sums of money received and expended by the Company and the matters

Commissioner of Income Tax vs. Agricultural Market Committee

In the result, both the substantial questions

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

1)(vii) of the Act if it is written off as irrecoverable in the books of account of the assessee for that previous year and it fulfills the condition stipulated in Section 36(2) of the Act. Undoubtedly, the judgment rendered by the Supreme Court and the Circular have been issued subsequent to the orders passed in the instant case

The Commissioner of Income tax III, vs. Biraj Kavar Galada

The appeals are disposed of

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

disallowed? (ii) Whether the provisions of Section 14A of the Act read with Rule 8D of the Income Tax Rules should be made applicable to all pending matters as the same is clarifactory in nature in view of the consistent stands taken by the department? (iii) Whether the tribunal was correct in holding that the estimated expenditure cannot be treated

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

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

vii) miscellaneous provision cannot be added back in accordance with Explanation of Section 115JA of the Act in the light of the judgment of the Apex court in H.C.L. Comnet when there is diminution in the value of assets as contended by the assessee and in view of the retrospective amendment to 5 Explanation (g) to Section 115JA

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 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. 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

The Commissioner of Income Tax IV vs. M/s Matrix Power Pvt Ltd.,

disallowed, as the income of this unit was exempt from tax. In response, the Assessee furnished its detailed submissions, which, however, were rejected by the AO who was of the opinion that as Section 10B was in Chapter-III of the Act, under the heading ―incomes which do not form part of total income‖, legislative intent was clear that such

The Commissioner of Income- Tax - V, vs. M/s. Krishnaveni Constructions,

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Section 36(1)(vii) with effect from 01.04.1989, the assesee (s) is now required not only to debit the profit and loss account but simultaneously also reduce loans and advances or the debtors from the asset side of the balance sheet to the extent of the corresponding amount so that, at the end of the year, the amount of loans

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

Bench: J. UMA DEVI,V RAMASUBRAMANIAN

disallowance; the fact that for the Assessment Year 2008 – 09 some addition was made under the said head, cannot be the sole basis for making such an addition for the subsequent Assessment Year, each assessment being an independent compact. He also pleaded about CBI raid & seizure of all documents, not even a piece of paper being in his custody

AD-AGE OUTDOOR ADVERTISING P LTD., HYDERABAD. vs. DEPUTY COMMISSIONEER OF INCOME TAX, HYDERABAD.

Bench: T.VINOD KUMAR,M.S.RAMACHANDRA RAO

vii) Whether the procedure adopted for ascertaining of liability as leave encashment by adhering to Accounting Standard-15 issued by ICAI was proper & correct and the expense so claimed is an allowable deduction under the Income Tax Act. 1961? (viii) Whether the expenses towards contribution to have encashment trust for the discharge of the Statutory liability is an allowable expense

The Commissioner of Incoe Tax III, vs. Raj Breeders and Hatcheries (PVT) Liited,

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

vii) Whether the procedure adopted for ascertaining of liability as leave encashment by adhering to Accounting Standard-15 issued by ICAI was proper & correct and the expense so claimed is an allowable deduction under the Income Tax Act. 1961? (viii) Whether the expenses towards contribution to have encashment trust for the discharge of the Statutory liability is an allowable expense

Commissioner of income tax, vs. M/s. R.K. Palace,

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

vii) Whether the procedure adopted for ascertaining of liability as leave encashment by adhering to Accounting Standard-15 issued by ICAI was proper & correct and the expense so claimed is an allowable deduction under the Income Tax Act. 1961? (viii) Whether the expenses towards contribution to have encashment trust for the discharge of the Statutory liability is an allowable expense

Commissioner of Income Tax-I vs. Agricultural Market Committee

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

vii) Whether the procedure adopted for ascertaining of liability as leave encashment by adhering to Accounting Standard-15 issued by ICAI was proper & correct and the expense so claimed is an allowable deduction under the Income Tax Act. 1961? (viii) Whether the expenses towards contribution to have encashment trust for the discharge of the Statutory liability is an allowable expense

Director of Income Tax (International Taxation) vs. Dr. K. Kalpana Reddy

Bench: M.GANGA RAO,RAMESH RANGANATHAN

disallow the claim of deduction? 2. Facts giving rise to filing of this appeal briefly stated are that the assessee is a banking company. The assessee filed return of income for Assessment Year 2007-08 on 29.10.2007 declaring total income of Rs.593,48,70,178/-. The return was processed under Section 143(1