case of Nagesh
knitwear Pvt. Ltd., 355 ITR 135 observed that the Explanation-
2 to section 263 inserted by Finance
case in deleting the disallowance of Rs. 2,56,55,355 made on account of product development expenses by holding that these expenses were incurred ... therefore, allowable under Section 37(1) of the IT Act. Accordingly, the disallowance of Rs. 2,56,55,355 made by the AO cannot
M/S G G Oils & Fats Pvt.Ltd , Bathinda vs Deputy Commissioner Of Income
Officer exercising territorial
jurisdiction mounted reassessment proceedings by issue of
notice under section 148 of the Act on 06/12/2016 which was
served upon ... taxmann.com 355 (Delhi)/[2018] 405 ITR 1 (Delhi): holding
that in terms of section 124(3)(b) jurisdiction of an Assessing
Officer cannot
conditionalities) different from what it had claiming earlier.
The application for registration u/s 12AA is accordingly
rejected."
5. The CIT(E) has agreed ... Bahara Educational and Charitable Trust ", 355 ITR
280 (P & H), it has been held that u/s 12AA
sustaining the levy of the penalty levied by the IAC (Assessment), under section 273(a) of the Income ... case for imposition of penalty under section 273(a) . Accordingly, he caused a penalty of Rs. 1,45,355 to be levied. The assessee
seen that the penalty u/s
271AAA has been imposed only because of alleged non compliance
with the provisions of section 271AAA(2)(iii) which ... rectify the order imposing interest u/s 234B has been adjudicated
by the undersigned. I have held that no interest u/s 234B was leviable
M/S.Kbb Nuts Private Ltd., Amritsar vs Pr. Commissioner Of Income Tax -1, ... on
M/S Active Tools (P). Limited, ... vs Deputy Commissioner Of Income Tax ... on 16 August
return for the assessment year 1998-99. The
return was processed u/s 143(1) of the Income-tax Act, 1961 and
refund ... balance of Rs.74,56,355. This order was passed on
January 29,2001. Subsequently, a notice u/s 154 was issued to the
assessee