Disallow - Year 2005 - Judgments

Jun 21 2005 (TRI)

Wipro Ltd. Vs. Dy. Cit

Court: Income Tax Appellate Tribunal ITAT

Decided on: Jun-21-2005

Reported in: (2006)5SOT805(Bang.)

..... 94 43 448 is also allowable the appellate commissioner of income tax has confirmed the disallowance by observing that the assessing authority has comprehensively dealt with the issues by discussing in ..... genuine which is not doubted consequently there appears no reason for the expenditure to be disallowed further discontinuance of one or more products cannot lead to conclusion that the business itself .....

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Jun 21 2005 (TRI)

Wipro Ltd. Vs. Dy. Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT

Decided on: Jun-21-2005

Reported in: (2005)96TTJ(Bang.)221

..... that of commissioner appeal as extracted will be helpful in dealing with each of the disallowance confirmation of addition by authorities below relief allowed by commissioner appeal on which department ..... the entire debtors without ascertaining the actual bad debt is unsustainable in law and the disallowance is therefore upheld it is submitted that both the assessing authority and the appellate .....

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Jun 21 2005 (TRI)

Wipro Limited Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT

Decided on: Jun-21-2005

Reported in: (2005)96TTJ(Bang.)211

..... on even after february 1998 consequently it was submitted that there was no justification for disallowing the operational loss by the authorities below it was further submitted that the same business ..... genuine which is not doubted consequently there appears no reason for the expenditure to be disallowed further discontinuance of one or more products cannot lead to conclusion that the business itself .....

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Nov 30 2005 (TRI)

National Aluminium Co. Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Cuttack

Decided on: Nov-30-2005

Reported in: (2006)101TTJCtk948

..... considerations presumptions conjectures and surmises and being arbitrary unjustified and accordingly the disallowance of the same is erroneous and legally untenable 73 after considering the ..... publicity expenses made by the ao on estimation and further that the said disallowance is on irrelevant considerations presumptions conjectures and surmises arbitrary excessive unwarranted unjustified .....

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Jun 17 2005 (TRI)

Abn Amro Bank Nv Vs. Joint Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Kolkata

Decided on: Jun-17-2005

Reported in: (2005)96TTJ(Kol.)1041

..... paid in the current financial year to the expatriate employees while disallowing the ao has given the following reasons a the payment ..... was claimed in asst yr 1995 96 which has been disallowed the learned counsel for the assessee contended that the assessee ..... of securities investments held by the appellant instead of deleting the disallowance made by the ao the appellant submits that the cit .....

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Feb 22 2005 (TRI)

First Leasing Company of India Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Chennai

Decided on: Feb-22-2005

Reported in: (2005)94TTJ(Chennai)649

..... by the chartered engineer of the assessee company in view of this he confirmed the disallowance of depreciation and held that these transactions are financial transactions representing money lent on ..... transactions and depreciation was claimed just to avoid the tax incidence accordingly the depreciation was disallowed and interest on these finance transactions was brought to tax the cit a confirmed .....

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Apr 28 2005 (TRI)

Dy. Commissioner of Income-tax, Vs. Bifora Watch Co. Ltd.

Court: Income Tax Appellate Tribunal ITAT Mumbai

Decided on: Apr-28-2005

Reported in: (2005)94ITD203(Mum.)

..... that assessee did not create any reserve and therefore claim of investment allowance was rightly disallowed there was no mistake in the order requiring rectification in the intimations sent under ..... claim of loss allowed through adjustment has been upheld the learned dr further submitted that disallowance of claim of investment allowance through adjustment was not challenged by the assessee in appeal .....

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Apr 20 2005 (TRI)

Saw Pipes Ltd. Vs. Additional Commissioner of

Court: Income Tax Appellate Tribunal ITAT Delhi

Decided on: Apr-20-2005

Reported in: (2005)94TTJ(Delhi)1036

..... absence of any specific expenditure relatable to earning of dividend income there cannot be any disallowance of notional or proportionate expenses cit v kanoria investment p ltd v tata fertilisers ltd ..... cit in section 263 proceedings was interest attributable to investment of funds in shares and disallowability of interest to the extent of advancement of loans to subsidiaries and other companies at .....

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Nov 24 2005 (TRI)

Kiran Corpn. Vs. Assistant Commissioner of

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Decided on: Nov-24-2005

Reported in: (2006)98ITD119(Ahd.)

..... business expediency demands that such names may not be disclosed the assessing officer disallowed the commission the disallowance has been sustained by the learned cit a relying upon the decision of ..... information available in such return accounts or documents is prima facie inadmissible shall be disallowed provided further that where adjustments are made under the first proviso an intimation shall .....

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Nov 25 2005 (TRI)

Digital Equipment India Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT

Decided on: Nov-25-2005

Reported in: (2006)103TTJ(Bang.)329

..... are certainly of enduring nature and should have been treated as capital expenditure accordingly he disallowed the expenditure on leasehold properties as being capital in nature for the above assessment ..... to the fast changing technological developments in the computer field he further submitted that the disallowance made by ao is without any basis purely on surmise and for unsustainable reasons .....

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