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1 - 8 of 8 (0.31 seconds)Continental Construction Ltd vs Commissioner Of Income-Tax, Central-1 on 15 January, 1992
It is further stated that in any event, the disallowance cannot
exceed the exempt income of Rs.34,52,754/-. In this regard the Ld.
counsel refers to the decision in Joint Investments (P.) Ltd. v. CIT (2015)
Kotak Mahindra Investments 5
ITA No. 5842/Mum/2013
59 taxmann.com 295 (Delhi), Original Innovative Logistics India (P.)
Everest Industires Ltd, New Delhi vs Jcit Rg 1, Mumbai on 31 January, 2018
Ltd.
v. JCIT (2016) 76 taxmann.com 364 (Chennai-Trib).
Godrej & Boyce Mfg Co. Ltd, Mumbai vs Dcit 10(2), Mumbai on 21 December, 2016
Facts being identical, we follow the ratio laid down in the above
decision and restrict the disallowance u/s 14A r.w. Rule 8D to the
amount of Rs.20,58,424/- suo motu disallowed by the appellant.
Court On Its Own Motion vs Commissioner Of Income Tax on 14 March, 2013
Hon'ble High Court of
Delhi in case of Court On Its Own Motion Vs. CIT (Supra) have also directed
Kotak Mahindra Investments 9
ITA No. 5842/Mum/2013
the department to ensure that credit is given to the assessee, where deductor
had failed to upload the correct details in Form 26AS on the basis of evidence
produced before the department. Therefore, the department is required to
give credit for TDS once valid TDS certificate had been produced or even
where the deductor had not issued TDS certificates on the basis of evidence
produced by assessee regarding deduction of tax at source and on the basis of
indemnity bond. We, therefore modify the order passed by CIT(A) on this
point and direct the AO to proceed in the manner discussed above to give the
credit of tax deducted at source to the assessee."
Section 199 in The Income Tax Act, 1961 [Entire Act]
The Commissioner Of Income Tax-2 vs Hdfc Bank Ltd. on 5 September, 2014
In HDFC Bank Ltd.
(supra), the Hon'ble Bombay High Court referring to the decision in CIT
vs. HDFC Bank Ltd. [2014] 366 ITR 505 (Bom) and Reliance Utilities &
Power Ltd. (supra) held as under :
Fortune Financial Services (India) ... vs Addl. Cit Range 4(1), on 18 December, 2017
12. We have perused the records and considered the matter carefully.
The dispute is regarding credit for TDS. A similar issue arose before the
ITAT 'C' Bench Mumbai in Citicorp Finance (India) Ltd. v. Addl. CIT (ITA
No. 8532/Mum/2012) for AY 2007-08 and the Tribunal vide order dated
13.09.2013 held at para 4 as under:
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