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10 results for “section 68”+ Section 263(1)clear

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Key Topics

Section 26312Section 80I7Section 36(1)(ii)6Section 13(8)5Addition to Income5Section 143(3)3Revision u/s 2633Section 115J2Section 802

The Commissioner of Income Tax I vs. M/s. Bhagiradha Chemicals AND Industries Ltd.,

The appeal is disposed of

ITTA/447/2013HC Telangana25 Sept 2013
Section 115JSection 263Section 36(1)(ii)Section 80

68,953/- under normal provisions and book- profit of Rs.9,85,25,142/-. Tax was payable on book profits as per Section 115JB of the Income Tax Act, 1961 (“Act”, for short). The aforementioned return was taken up for scrutiny and additions of Rs.1,00,500/- and Rs.1,17,141/- on substantive basis, and Rs.10 lacs on protective basis

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

The appeal is disposed of

ITTA/382/2012HC Telangana
Section 260A2
Deduction2
24 Jul 2013
Section 12ASection 13(8)Section 260Section 260ASection 263Section 80I

1) The Commissioner may call for and examine the record of any proceeding under this Act, and if he considers that any order passed therein by the Assessing Officer is erroneous in so far as it is prejudicial to the interests of the revenue, he, may, after giving the assessee an opportunity of being heard and after making or causing

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

ITTA/259/2013HC Telangana12 Jul 2013
For Appellant: - Commissioner Of Income TaxFor Respondent: - M/S Green Land Motors
Section 143(3)Section 263Section 68

1,70,00,000/- for the Assessment Year (hereafter referred to as 'A.Y.') under consideration and; (ii) As per the tax audit report and loan confirmation letters the assessee had accepted Rs.66,34,000/- from Benu Khetrapal and Rs.99,26,000/- from Shabnam Khetrapal for the A.Y. 2009-2010. Ledger account of Shabnam Khetrapal in the account books

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

Appeal is disposed of

ITTA/113/2024HC Telangana04 Dec 2024

Bench: J SREENIVAS RAO,ALOK ARADHE

Section 143(1)Section 143(2)Section 260ASection 263

68,09,650/-. 9. The return was processed under Section 143(1) of the Act. But was, thereafter, picked up for scrutiny under CASS. A notice under Section 143(2) of the Act was issued on 03.09.2015 and duly served upon the Firm on 04.09.2015. Further, notices under Sections 143(2) and 142(1

M/s. Canara Securities Ltd vs. Dy. Commissioner of Income Tax

ITTA/3/2020HC Telangana25 Aug 2020

Bench: M.S.RAMACHANDRA RAO,T.AMARNATH GOUD

1 and 2 companies and certain other individuals as Directors of 4 listed companies, 3 subsidiaries of one listed company and an unlisted company is bad in law since the Joint APLs merely represents the estate of PDB and thus, had no rights to seek appointment of Directors in companies in which PDB was not a "Member". Further, without prejudice

M/S. SRIMAN SAI SECURITIES INV. FIN. LTD., vs. THE DEPUTY COMMISSIONER OF INCOME TAX,KARIMNAGAR.

ITTA/137/2005HC Telangana20 Dec 2017

Bench: C.V.NAGARJUNA REDDY,M.S.K.JAISWAL

For Appellant: Sri A.V.Krishna KaundinyaFor Respondent: Ms. K.Mamata
Section 68

Section 68 of the Income Tax Act, 1961 (for short, 'the Act'), the                                                             1 (1991) 192 ITR 287 (Del.) 2 (2000) 242 ITR 357 (AP)       CVNR, J. & MSKJ, J.  itta_137_2005        6  initial burden lies on the assessee to satisfy the A.O. that the amount found as cash credit is not chargeable to income tax as the income

The Pr. Commissioner of Income tax (Central), vs. Sri Vaishnavi Educational Society,

ITTA/622/2015HC Telangana01 Jun 2016

Bench: The Hon’Ble Mr. Justice Aravind Kumar W.P. No.51929/2014 C/W W.P.Nos.42063/2012, 30494/2013, 42671/2013, 638/2014, 797/2014, 1089/2014, 3211/2014, 3389/2014, 6180/2014, 10356/2014, 12014/2014, 12015/2014, 13043/2014, 13045/2014, 13206/2014, 13207/2014, 13398/2014, 13774/2014, 14149/2014, 14161/2014, 14494/2014, 14502/2014, 14521/2014, 14689/2014, 16646/2014, 17051/2014, 17594/2014, 19729/2014, 21158/2014, 23897/2014, 28861/2014, 30731/2014, 31723/2014, 33774/2014, 33777/2014, 34084/2014, 34259/2014, 34272/2014, 34391/2014, 35204/2014, 35243/2014, 35247/2014, 35305/2014, 35609/2014, 36164/2014, 36166/2014, 36489/2014, 36525/2014, 36971/2014, 37446/2014, 38055/2014, 38463/2014, 38471/2014, 38472/2014, 38661/2014, 38753/2014, 39383/2014, 39633/2014, 39832/2014, 40204/2014, 40379/2014, 41394/2014, 41422/2014, 41427/2014, 41428/2014, 41858/2014, 43815/2014, 43963/2014, 44306/2014, 44527/2014, 44742/2014, 44835/2014, 45486/2014, 46766/2014, 47103/2014, 47105/2014, 47106/2014, 47107/2014, 47608/2014, 47731/2014, 47821/2014, 47860/2014, 47913/2014, 48577/2014, 48880/2014, 49567/2014, 50260/2014, 50533/2014, 51294/2014, 51930/2014, 51931/2014, 51932/2014, 52760/2014, 53854/2014, 54059/2014, 54083/2014, 54236/2014

1. STATE OF KARNTAKA REP BY ITS SECRETARY URBAN DEVELOPMENT DEPARTMENT M S BUILDING, DR AMBEDKAR VEEDHI BANGALORE-560001 2. BANGALORE DEVELOPMENT AUTHORITY REP BY ITS COMMISSIONER KUMARA PARK WEST BANGALORE-560020 3. SPECIAL LAND ACQUISITION OFFICER BANGALORE DEVELOPMENT AUTHORITY KUMARA PARK WEST BANGALORE-560020 …RESPONDENTS (BY SRI. G.V. SHASHIKUMAR, AGA FOR R1; SRI. M.N. RAMANJANEYA GOWDA, ADVOCATE

V.C. NANNAPANENI vs. COMMISSIONER OF INCOME TAX,

In the result, the appeals are allowed

ITTA/159/2005HC Telangana05 Jan 2018

Bench: C.V.NAGARJUNA REDDY,T.AMARNATH GOUD

For Appellant: Mr. K. Vasant KumarFor Respondent: Ms. K. Mamata
Section 10(3)Section 143(1)Section 143(3)

68,625/- and in the process of determination, the said officer has included a sum of Rs.1,50,00,000/- received by the appellant from Ranbaxy Laboratories Limited (hereinafter referred to as “RLL”) towards “non-competition fee” included under the head “income from other sources” and treated it as revenue receipt and accordingly subjected the same to tax. As regards

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

ITTA/147/2013HC Telangana28 Jun 2013
For Appellant: - Sri Yug Mohit Chaudhary assistedFor Respondent: - A.G.A., Sri Amit Mishra, Sri Gyan
Section 156(3)Section 201Section 302Section 363Section 364Section 366Section 376

Section 27 begins with a proviso and states that when any fact is deposed to as discovered, in consequence of information received from a person accused of any offence, in the custody of a police officer, so much of such information as relates distinctly to the fact thereby discovered may be proved, 49 whether it amounts to a confession

Commissioner of Income Tax-I vs. M/s.Alloy Nitrides Ltd

Appeals are disposed of

ITTA/477/2011HC Telangana29 Feb 2016

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

1. Rita Devi W/O Late Bhola Ram Resident Of Rita Kutir 79/A, Gandhi Path, North Sri Krishnapuri, P.S- Srikrishna Puri, Dist- Patna. 2. Amita Priya D/O Late Bhola Ram Resident Of Rita Kutir 79/A, Gandhi Path, North Sri Krishnapuri, P.S- Srikrishna Puri, Dist- Patna. 3. Adarsh Priya D/O Late Bhola Ram Resident Of Rita Kutir 79/A, Gandhi Path, North