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Date of credit in books is actual date of recording credit entry for determining point of TDS deduction liability

Case Name : Spectrum Power Generation Ltd. Vs ACIT (TDS) (ITAT Hyderabad)
Appeal Number : ITA No.438 of 2007
Date of Judgement/Order : 12/06/2015
Related Assessment Year : 2000-01
Courts : All ITAT (14952) ITAT Hyderabad (630)
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Section 68- Trade credits cannot be taxed as unexplained cash credit

Case Name : Bhagyanagar Oil Industries Vs ITO (ITAT Hyderabad)
Appeal Number : ITA No. 1178 of 2012
Date of Judgement/Order : 12/06/2015
Related Assessment Year :
Courts : All ITAT (14952) ITAT Hyderabad (630)
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Penalty u/s 271(1)(C) can’t be levied in succeeding year if on similar/ identical disallowance, no penalty was levied in preceding year

Case Name : Asst Commissioner of Income Tax Vs Dhariwal Industries Ltd. (ITAT Pune)
Appeal Number : Income Tax Appeal no 582/PN/2009
Date of Judgement/Order : 12/06/2015
Related Assessment Year :
Courts : All ITAT (14952) ITAT Pune (714)
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Discount to distributors by telecom company is not in the nature of commission/brokerage

Case Name : Bharti Hexacom Limited Vs. ITO (TDS) (ITAT Jaipur)
Appeal Number : ITA No. 656/JP/2010
Date of Judgement/Order : 12/06/2015
Related Assessment Year : 2009-10
Courts : All ITAT (14952) ITAT Jaipur (448)
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Non-compliance in respect of hived off part of project does not dis-entitle deduction under Section 80IB(10)

Case Name : Smt. Swapna Cherukuri Vs DCIT, Hyderabad (ITAT Hyderabad)
Appeal Number : IT Appeal No. 183 of 2014
Date of Judgement/Order : 12/06/2015
Related Assessment Year : 2008-09
Courts : All ITAT (14952) ITAT Hyderabad (630)
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Adjustment for variation in closing stock necessary for correct application of TNMM

Case Name : ACIT Vs M/s Rahman Industries Ltd. (ITAT Lucknow)
Appeal Number : IT Appeal No.389 of 2013 and 316 of 2013
Date of Judgement/Order : 12/06/2015
Related Assessment Year : 2007-08 & 2008-09
Courts : All ITAT (14952) ITAT Lucknow (120)
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Broken period interest on purchase of securities is allowable as revenue expenditure

Case Name : ACIT, Hyderabad Vs Deccan Grameen Bank (ITAT Hyderabad)
Appeal Number : ITA No. 1536 & 1579
Date of Judgement/Order : 12/06/2015
Related Assessment Year : 2009-10
Courts : All ITAT (14952) ITAT Hyderabad (630)
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Other View taken by Assessing Officer with application of mind even if prejudicial to interests of Revenue does not allow CIT to initiate proceedings u/s 263

Case Name : Sanka Venkata Rama Rao Vs Income Tax Officer (ITAT Hyderabad)
Appeal Number : ITA No. - 1031 of 2014
Date of Judgement/Order : 12/06/2015
Related Assessment Year : 2010-11
Courts : All ITAT (14952) ITAT Hyderabad (630)
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Books cannot be rejected when PAN mentioned and TDS was deducted

Case Name : VV Constructions Vs ACIT (ITAT Pune)
Appeal Number : ITA No. 1641/PN/2013
Date of Judgement/Order : 12/06/2015
Related Assessment Year : 2009-10
Courts : All ITAT (14952) ITAT Pune (714)
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Mere TDS certificate not conclusive evidennce for determining nature of payments

Case Name : M/s Zelan Projects Pvt. Ltd. Vs Dy. Commissioner of Income-tax (ITAT Hyderabad)
Appeal Number : ITA No. 946/Hyd/2012
Date of Judgement/Order : 12/06/2015
Related Assessment Year :
Courts : All ITAT (14952) ITAT Hyderabad (630)
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