exclude amount paid for car insurance, while working out disallowance under Section 37(3A) of the IT Act, 1961 :
(iii) directing the DC (Asst ... made a disallowance of Rs. 4,02,407 under Section 37(3A) of the Act, which, inter alia, included
shown cause notice that why disallowance of
Rs.97,11,407 should not be made u/s. 14A r.w. Rule ... instance was after computation of disallowance of Rs.97,11,407
applying rule 8D u/s 14 A of the act and assessee was asked
profit of Rs,33,00,407/- and claimed the entire sum of
Rs.33,00,407/- as deduction under section ... Property
Income from Business 33,00,407 33,00,407
Less: Interest income - (9,05,550)
considered under
other sources
Income from other
Yalakkishettar.
CIT (407 ITR 254). The Hon'ble Allahabad High Court held that
the Tribunal is not competent to sustain the addition ... 407 ITR 254). The Hon'ble Allahabad High Court held that
the Tribunal is not competent to sustain the addition
407
ITR 254). The Hon'ble Allahabad High Court held that the Tribunal is not
competent to sustain the addition ... 407 ITR 254).
The Hon'ble Allahabad High Court held that the Tribunal is not competent to
sustain the addition
declaring loss of Rs.4,46,83,407. The return
was processed under Section 143(1) of the Income Tax Act, 1961 (in
short
being research and
development expenses under section 37 of the Act stating that the
said expenses confer an enduring benefit and is not revenue ... levying a sum of Rs. 73,37,407/- as interest under Section 234B,
Rs.444/- as interest under Section 234C and Rs. 178965/- as interest
resulting in reduction
of deduction u/s 10AA of the Act at Rs.95,84,407 ... units in respect of profit from such unit, the assessee claimed
deduction u/s 10AA of the Act without allocating certain common corporate
expenses
resulting in reduction
of deduction u/s 10AA of the Act at Rs.95,84,407 ... units in respect of profit from such unit, the assessee claimed
deduction u/s 10AA of the Act without allocating certain common corporate
expenses
resulting in reduction
of deduction u/s 10AA of the Act at Rs.95,84,407 ... units in respect of profit from such unit, the assessee claimed
deduction u/s 10AA of the Act without allocating certain common corporate
expenses
