The Pr. Commissioner of Income-tax vs. D.L.V. Sridhar

Bench: D.V.S.S.SOMAYAJULU,RAMESH RANGANATHAN

Transfer Pricing Officer had not verified whether the expenditure claimed was correct. Recording the aforesaid findings, the Assessing Officer disallowed

The Commissioner of Income Tax-TDS vs. M/s. Idea Cellular Ltd.,

Bench: SUJOY PAUL,NAMAVARAPU RAJESHWAR RAO

transfer pricing adjustment in the marketing support service segment, without having regard to the fact that the expenses incurred by the assesse on behalf of its AE, though reimbursable, ought to be included in the cost base for determining the PLI? This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court

THE COMMISSIONER OF INCOME-TAX-IV, HYDERABAD vs. M/S NAVA BHARAT VENTURES LTD., HYD

The appeal is dismissed

Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA

disallowed the entire claim of deduction under Section 8O-lA of the Act, 19 61. 5. On the other hand, learned counset for respondent while supporting the orders passed by the CIT rA) and the ITAT contending; that the power which was transfer red from power unit to ferro is to be charged with recovery ra-e of power

The Commisioner of Income TAx-1 vs. Divya Shakti Granites Ltd.,

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

price component is already paid and what remains to be paid is Rs.49,80,000/-. Vouchsafing the title to property is a predominant obligation of the vendor, vide condition Nos.6, 7 & 8 in Ex.P4, is not disputed before us. Paragraph 2 stipulates that the plaintiff has to pay this amount in two installments: First installment of Rs.34

COMMISSIONER OF INCOME TAX vs. M/S K.VENKATESWARA RAO

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

disallowances made by the Assessing Officer, the apepllant preferred first appeal before the learned CIT(Appeals) who granted partial relief to the appellant. 2.1 Being aggrieved by the order passed by the learned Page 2 of 14 O/TAXAP/186/2003 JUDGMENT CIT(A) the appellant as well as respondent preferred appeals before the Tribunal, Ahmedabad Bench. The Tribunal vide impugned orders dismissed

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

price of the jewellery stolen in a robbery or a burglary was therefore expenditure for the purpose of the business. There can be no doubt that the expenditure was wholly and exclusively in the interest of the business. The expenditure was laid out for no other purpose.” 33. Applying the law explained by the Supreme Court in the above decisions

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

Appeals of the Revenue are dismissed

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

price of the jewellery stolen in a robbery or a burglary was therefore expenditure for the purpose of the business. There can be no doubt that the expenditure was wholly and exclusively in the interest of the business. The expenditure was laid out for no other purpose.” 33. Applying the law explained by the Supreme Court in the above decisions

The Commissioner of Income Tax vs. M.Venkata Krishna Mohan

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

price of Raw-Edge and Wrapped V-Belts excluding sales tax, excise duty and other governmental taxes and levies, insurance, forwarding and packaging expenses nad freight charges. (b). Unless otherwise specified by the Proprietor, the royality hereunder shall be paid to Hilton Rubbers Limited, S-21, Green Park Extension, i_e “” Delhi 110016, in India Rupees at half yearly intervals

Commissioner of Income Tax vs. Sri. B. Venkatesam,

The appeal stands disposed of with no order as to

disallowance of `1,64,87,375 - disputed additional customs duty claimed by the assessee as a part of the landed cost of goods. 8. The facts, relevant to the question of deduction on account of additional customs duty, briefly stated are as follows: The appellant is, interalia, engaged in manufacturing and trading of products like de-oiled meals, industrial hard

The Commissioner of Income Tax -III vs. Sri T.C. Reddy

The appeal stands dismissed

disallowance of said sum in the hands of the assessee is not justified. 21. "The total consideration paid by the assessee company to acquire 134.3 bighas of land as per the submission of AR is Rs. 119527000/- which includes Rs.75967000/- paid to M/s Mrigiya Electronics Inds. Pvt. Ltd. And balance to the land owners direclty. The AO has considered direct

THE COMMISSIONER OF INCOME TAX-IV, HYDERABAD vs. M/S NAVA BHARAT VENTURES LTD., HYDERABAD

Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA

disallowed the entire claim of ded the Act, 1961. 5. On the other hand, le while supporting the orders Passe contending that the Power which unit to ferro is to be charged wi not at which the Power Purch assessee. He further argued companies are supplying Power Rs.2.21 to 3.15 per unit. He agreed willAhe assessee's con ntion that

The Pr.Commissioner of Income Tax (Central) vs. M/s Vaishnavi Educational Society

In the result, this Cross Objection is allowed and the suit is

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

transfer by the Owner to defeat or delay his creditors, it applies generally to all transferees RFA 554/15 & CON. CASES 46 who claim to be bonafide. A learned Division Bench of this Court also followed this view in Krishnamenon v. Pradeep Kumar (2017 (1) KLT 429), holding again in the context of Section 53 of the TP Act, that once

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

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-3, vs. M/s State Bank of Hyderabad

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

disallowance of Rs.27,25,570/- on profit from sale of spare parts which was excluded from 10A claim as it did not pertain to profit earned from export of manufactured item which cannot become part of 10A income and said activity was only trading activity and not manufacturing activity?” 3. The substantial question of law No.2 is covered