The Commissioner of Income Tax - III, vs. M/s. Suven Pharmaceuticals Limited,

Appeals are dismissed

reassessment  or recomputation exceeds the tax on the total  income determined [under sub­section (1) of  section 143 or] on the basis of the regular  assessment aforesaid. (4) Where,   as   a   result   of   an   order   under  section 154 or section 155 or section 250 or  section 254 or section 260 or section 262 or  section 263 or section

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

The appeal stands dismissed

capital of the company. This fact was brought to the notice of the assessee vide order sheet entry dated 29.12.2009. No satisfactory reply has been filed. It is therefore, disallowed from the revenue expenses claimed by the assessee. Penalty proceedings u/s271(1)(c) r.w 274 of the Income-tax Act for concealment and furnishing of inaccurate particulars are initiated separately

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

capital for the purpose of banking business which includes the deposits which yield interest. Further when a society is prohibited by its by-laws from borrowing either from its members or others, the whole of its reserve fund may be utilized in its business. If a cooperative bank derives income by lending money to its members the same being business

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

capital for the purpose of banking business which includes the deposits which yield interest. Further when a society is prohibited by its by-laws from borrowing either from its members or others, the whole of its reserve fund may be utilized in its business. If a cooperative bank derives income by lending money to its members the same being business

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

capital for the purpose of banking business which includes the deposits which yield interest. Further when a society is prohibited by its by-laws from borrowing either from its members or others, the whole of its reserve fund may be utilized in its business. If a cooperative bank derives income by lending money to its members the same being business

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

capital for the purpose of banking business which includes the deposits which yield interest. Further when a society is prohibited by its by-laws from borrowing either from its members or others, the whole of its reserve fund may be utilized in its business. If a cooperative bank derives income by lending money to its members the same being business

The Commissioner of Income Tax (Central) vs. M/s Hyderabad House Pvt Ltd.,

capitalizing it with the multiplier of 14 on the basis of age of the claimant mother (44 years old) in view of dicta in Amrit Bhanu Shali & Ors. v. National Insurance Co. Ltd., (2012) 11 SCC 738. 14. The claimants by their appeal (MAC appeal No. 881/2015) submit that the non-pecuniary heads of damages have not been property taken

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

Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI

reassessment proceedings. The assessees resisted the move to assess them, contending that they were not subjected to income tax laws of India as they had no permanent establishment. The AO by order dated 31.12.2008 held that the appellant has a fixed place PE and DAPE in India. Further, the AO also deemed 10% of the value of supplies made