Disallow - Judgment Search Results

Jammu and Kashmir Bank Ltd. Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Amritsar

Reported in: (2008)114TTJ(Asr.)728

..... shares and providing long term finances to enterprises engaged in providing infrastructural facility therefore no disallowance of interest was called for reliance was placed on the decision of the tribunal ..... exempt by the assessee therefore no expenses on that account could be allocated for disallowance on proportionate basis he further submitted that for the purpose of assuming jurisdiction under .....

income-tax Officer Vs. Kenaram Saha and Subhash Saha and

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (2008)301ITR171(Kol.)

..... of hides and skins themselves without hiring any labourers he therefore submitted that the disallowance made by the assessing officer and sustained by the learned commissioner of income tax ..... computed in accordance with the provisions prescribed under the income tax act which includes the disallowance under certain circumstances the issue of constitutional validity of section 40a 3 has been .....

Aquarius Travels (P) Ltd. Vs. Income Tax Officer

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (2008)111ITD53(Delhi)

..... under section 14a in absence of any request from any party secondly the tribunal cannot disallow expenditure in view of the provisions contained under section 14a because the relevant material has ..... interest received the ao did not consider the provisions of section 14a and did not disallow the proportionate expenditure attributable to dividend income which was not includible in the total taxable .....

Coca Cola India (P) Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Pune

Reported in: (2008)116TTJ(Pune.)880

..... to the bottlers could be a ground for making disallowance iv whether disallowance of foreign travel expenses of the wives was justified ..... that on this reason ground the ao made no disallowance the entire disallowance made by the ao was for the reason that ..... production of tv cinema radio and posters development and iv disallowance on account of whole expenditure on marketing expenses being partly .....

Sony India (P) Limited Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Delhi

..... made for such contingent liability was not deductible while computing its total income he therefore disallowed the same while computing the total income of the taxpayer under the normal provisions of ..... claimed by the taxpayer on account of foreign exchange fluctuation was only notional he therefore disallowed the said loss the learned cit a however allowed the claim of the taxpayer company .....

Gujarat Credit Corp. Ltd. Vs. Acit

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2008)113ITD133(Ahd.)

..... this ground is therefore rejected 46 the next ground is on merits of the disallowance the assessing officer disallowed the loss by holding it on capital account by observing that the securities ..... circumstances deleted the penalty observing that the mere fact that a claim for expenditure stands disallowed does not by itself lead to the inference that the assessee had furnished inaccurate particulars .....

Deputy Commissioner of Income Tax Vs. Nagarjuna Agro Tech Ltd.

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (2008)304ITR251(Hyd.)

..... impugned herein whereby after detailed consideration of the contentions of the assessee concluding that the disallowance made while processing the return under section 143 1 a was not correct he accordingly ..... the substantial issue arising for consideration was not with regard to the correctness of the disallowance on account of deferment of sales tax liability made under section 43b but more or .....

Nuware India Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Delhi

..... in upholding this addition thus this ground is allowed 9 ground no 8 is against disallowance of various sums from expenses incurred for vehicle running and maintenance rent rates and lease ..... telephone expenses unclaimed and unpaid bonus legal and professional charges and sales promotion expenses the disallowance from vehicle running and maintenance expenses was made on the same basis on which such .....

Mahindra Holdings and Finance Vs. Dcit and Ito

Court: Income Tax Appellate Tribunal ITAT Mumbai

..... unless the context indicates otherwise section 40 ba provides certain disallowances in computing the income of aop boi however such aop ..... corresponding interest paid on the borrowed funds deserves to be disallowed 13 the learned dr further contended that in the instant ..... we therefore of the view that revenue authorities are rightly disallowed the corresponding interest paid on the borrowed funds of rs .....

Picker India Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Delhi

..... the learned authorised representative for the assessee argued that ao is not justified in disallowing commission payments when the payments are made through the banking channclauses cit departmental representative ..... out accordingly he upheld the original claim of the assessee with some modification double disallowance by ao with regard to the expenses attributable to the employees iv aggrieved with .....