The Commissioner of Income Tax-III vs. M/s.Vibha Agrotech Limited

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Income Tax Appellate Tribunal, Cuttack Bench, Cuttack (hereinafter referred to as “the Tribunal”) in I.T.A. No.59/CTK/2006 partly allowing the appeal. 3. For ready reference, relevant portion of the impugned order of the Tribunal is reproduced hereunder: “xxx We have heard both the parties and perused the record. It is noticed that the addition of Rs.5,13,516 made

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

The appeal stands dismissed

Penalty proceedings u/s 271(1)(c) r.w 274 of the Income-tax Act for concealment and furnishing of inaccurate particulars are initiated separately. (iv) The assessee has booked various expenses of contractual nature, vide order sheet entry dated 29.12.2009, the assessee was asked to show cause why the same should not disallowed u/s40a(ia). In response thereto the assessee

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

The appeal of the assessee is allowed

Bench: V.V.S.RAO,SANJAY KUMAR

addition to the tune of Rs.13,61,450/- is being made to the taxable income of the assessee. Penalty proceeding u/s 271

M/S.R.S.RANGADAS vs. THE ASST.COMMISSIONER OF INCOME TAX

Appeals are disposed of, with no order as to costs

Bench: C.V. BHASKAR REDDY,UJJAL BHUYAN

u/s 54F of the Income Tax Act, 1961? ITA No. 405/2005 (3) Whether the Income Tax Appellate Tribunal was correct in taking the market value of the shares quoted at the stock exchange on 05.05.1998 as the basis for computing the capital gains under Section 48 of the Income Tax Act?" 2. ITA No.389/2007 filed by the Director of Income

PR COMMR OF INCOME TAX-2, HYDERABAD vs. K RAVINDER REDDY, HYDERABAD

Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI

additional evidence. The tribunal passed a separate order admitting such evidence. On a writ petition, the Hon'ble High Court vide its order dated 21.11.2014 set aside the tribunal order but required the assessee to furnish the details of :'Names, designations, roles and responsibilities of the employees of G.E. Group Companies, who were working in India during the relevant period

The Commissioner of Income Tax IV vs. Shri Raaj Kumar Jain

addition one blood stained warm pant, one duster, one bag containing 5 registers are still to be recovered on the pointing out of the accused but the remand of the accused is due to expire at 1 p.m. and accordingly it was requested that a further remand for 7 days be given and the accused made over to the police