M/S AVANTIKA INFRAVENTURE (P) LTD.,,ALLAHABAD vs. DCIT, CENTRAL CIRCLE,, VARANASI

In the result, the appeals of the assessee for the Assessment Years

Bench: Shri.Vijay Pal Rao & Shri Ramit Kochar

68,00,000/- has been given to M/s Magic Bricks Pvt. Ltd. Total amount of interest claimed by the assessee as per Audit Report is Rs. 40,48,349/-. Therefore, interest at a rate of 12% is being disallowed and added back to the income of the assessee. Calculation of disallowance u/s 36(i)(iii) of the Income

THE SPRINGER EDUCATION FOUNDATION,,GORAKHPUR vs. CIT (E), LUCKNOW

68 (Allahabad) on the same issue, wherein it was held: "5. In view of the principle of law which has been laid down in the aforesaid decision, there is no basis or foundation in the submission that the delay in filing the application for an exemption under section 10(23C)(vi) of the Act beyond the statutory date

M/S. VARANASI DEVELOPMENT AUTHORITY,VARANASI vs. DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTION), VARANASI

In the result appeal filed by assessee in ITA no

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

124 TTJ 598(Amr.). The coordinate bench of this tribunal has also taken similar view in the case of ITA No. 26/PNJ/2012 in the case of Goa Industrial Development Corporation Vs. CIT vide order dtd. 22.06.2012 to which the undersigned is the author. Similar view has been taken coordinate bench of this tribunal in the case of Entertainment Society

VARANASI DEVELOPMENT AUTHORITY,VARANASEE vs. ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTION), LUCKNOW

In the result appeal filed by assessee in ITA no

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

124 TTJ 598(Amr.). The coordinate bench of this tribunal has also taken similar view in the case of ITA No. 26/PNJ/2012 in the case of Goa Industrial Development Corporation Vs. CIT vide order dtd. 22.06.2012 to which the undersigned is the author. Similar view has been taken coordinate bench of this tribunal in the case of Entertainment Society

VARANASI DEVELOPMENT AUTHORITY,VARANASEE vs. ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTION), LUCKNOW

In the result appeal filed by assessee in ITA no

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

124 TTJ 598(Amr.). The coordinate bench of this tribunal has also taken similar view in the case of ITA No. 26/PNJ/2012 in the case of Goa Industrial Development Corporation Vs. CIT vide order dtd. 22.06.2012 to which the undersigned is the author. Similar view has been taken coordinate bench of this tribunal in the case of Entertainment Society

M/S. VARANASI DEVELOPMENT AUTHORITY,VARANASI vs. ASSISTANT COMMISSIONER OF INCOME TAX , VARANASI

In the result appeal filed by assessee in ITA no

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

124 TTJ 598(Amr.). The coordinate bench of this tribunal has also taken similar view in the case of ITA No. 26/PNJ/2012 in the case of Goa Industrial Development Corporation Vs. CIT vide order dtd. 22.06.2012 to which the undersigned is the author. Similar view has been taken coordinate bench of this tribunal in the case of Entertainment Society