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7 results for “disallowance”+ Section 67(1)clear

Sorted by relevance

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Key Topics

Section 40A(3)28Addition to Income7Section 143(3)6Deduction6Disallowance6Section 133A4Section 14A4Section 44Survey u/s 133A4Section 124(3)(a)

INCOME TAX OFFICER, WARD - 2 (1),, VARANASI vs. PROMINENT DATAMATICS MARKETING PVT. LTD., , VARANASI

ITA 135/VNS/2020[2017-2018]Status: DisposedITAT Varanasi05 Jan 2026AY 2017-2018

Bench: Shri Kul Bharat & Shri Anadee Nath Misshra

Section 124(1)(a)Section 124(2)Section 124(3)(a)Section 250(1)Section 255(4)Section 69A

disallowed, by the Income-tax Officer on the ground that detailed information regarding them was not available. Justice was not done to the assessee. It was not possible for the assessee's to produce the original account books, which were destroyed in fire. There was, however, other material mainly consisting of the auditors' reports were material. But the question

THE MAHABIR JUTE MILLS LIMITED,GORAKHPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2 , GORAKHPUR

2
Section 124(2)2
Section 250(1)2

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

ITA 351/ALLD/2014[2009-10]Status: DisposedITAT Varanasi16 Nov 2023AY 2009-10

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

Section 133ASection 143(3)Section 14ASection 4Section 40A(3)

67,249/- and added the same to the total income. 6.2 Before ld CIT(A), the assessee contended that the investments have not been made out of borrowed funds. It was submitted that the own funds available with the assessee have exceeded the value of investments and hence no disallowance out of interest expenditure is called for. Hence

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2 , GORAKHPUR vs. THE MAHABIR JUTE MILLS LIMITED, GORAKHPUR

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

ITA 217/ALLD/2017[2014-15]Status: DisposedITAT Varanasi16 Nov 2023AY 2014-15

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

Section 133ASection 143(3)Section 14ASection 4Section 40A(3)

67,249/- and added the same to the total income. 6.2 Before ld CIT(A), the assessee contended that the investments have not been made out of borrowed funds. It was submitted that the own funds available with the assessee have exceeded the value of investments and hence no disallowance out of interest expenditure is called for. Hence

THE MAHABIR JUTE MILLS LTD.,GORAKHPUR vs. ASST. DIRECTOR OF INCOME TAX, CPC, BENGALURU

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

ITA 13/VNS/2023[2020-2021]Status: DisposedITAT Varanasi16 Nov 2023AY 2020-2021

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

Section 133ASection 143(3)Section 14ASection 4Section 40A(3)

67,249/- and added the same to the total income. 6.2 Before ld CIT(A), the assessee contended that the investments have not been made out of borrowed funds. It was submitted that the own funds available with the assessee have exceeded the value of investments and hence no disallowance out of interest expenditure is called for. Hence

DCIT,, GORAKHPUR vs. M/S MAHABIR JITE MILLS, LTD., GORAKHPUR

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

ITA 448/ALLD/2014[2009-10]Status: DisposedITAT Varanasi16 Nov 2023AY 2009-10

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

Section 133ASection 143(3)Section 14ASection 4Section 40A(3)

67,249/- and added the same to the total income. 6.2 Before ld CIT(A), the assessee contended that the investments have not been made out of borrowed funds. It was submitted that the own funds available with the assessee have exceeded the value of investments and hence no disallowance out of interest expenditure is called for. Hence

INCOME TAX OFFICER, VARANASI vs. NEONATAL HEALTH ACADEMY, VARANASI

In the result, for statistical purposes, both appeals are partly allowed

ITA 132/VNS/2024[2019-20]Status: DisposedITAT Varanasi05 Jan 2026AY 2019-20

Bench: Shri Kul Bharat & Shri Anadee Nath Misshra

Section 143(3)Section 144BSection 270

section 144B of the I. T. Act on 28/09/2021 and determined the total income of the assessee at Rs.2,67,74,462/-, disallowing the assessee’s claim of conference and seminar expenses amounting to Rs.2,34,93,962/-. The disallowance was made by the Assessing Officer on the ground that the assessee did not furnish any details/explanation during the assessment

INCOME TAX OFFICER, VARANASI vs. NEONATAL HEALTH ACADEMY, VARANASI

In the result, for statistical purposes, both appeals are partly allowed

ITA 131/VNS/2024[2019-20]Status: DisposedITAT Varanasi05 Jan 2026AY 2019-20

Bench: Shri Kul Bharat & Shri Anadee Nath Misshra

Section 143(3)Section 144BSection 270

section 144B of the I. T. Act on 28/09/2021 and determined the total income of the assessee at Rs.2,67,74,462/-, disallowing the assessee’s claim of conference and seminar expenses amounting to Rs.2,34,93,962/-. The disallowance was made by the Assessing Officer on the ground that the assessee did not furnish any details/explanation during the assessment