...appeal was filed. Referring to Section 119 of the Income Tax Act, 1961, Mr. Agarwal submits that this circular is binding on the tax authorities. In support of his submission he has relied on decisions in the cases of UCO Bank Vs. Commissioner of...Section 119 of the Income Tax Act, 1961, Mr. Agarwal submits that this circular is binding on the tax authorities. In support of his submission he has relied on decisions in the cases of UCO Bank Vs. Commissioner of.... He has also brought to our notice a judgement of the Supreme Court of India in the case of Commissioner of Income Tax Vs. Gemini Distilleries reported 3in (2017)398 ITR...

...rendered in the case of Commissioner of Income Tax Vs. Deogiri Nagari Sahakari Bank Ltd. (supra). The Honble High Court following the decision of Honble Apex Court in the case of UCO Bank...Commissioner of Income Tax (Appeals). Placing reliance on the decision of Honble Bombay High Court in the case of Commissioner of Income Tax Vs. Deogiri Nagari Sahakari Bank Ltd. reported...Court in the case of Commissioner of Income Tax Vs. Deogiri Nagari Sahakari Bank Ltd. (supra) and by the recent decision of Honble Bombay High Court in the case of Pr...

...Apex Court in the case of State Bank of Travancore (supra), decided by the Apex Court. However, this judgment of the State Bank of Travancore (supra) was explained by the Apex Court in its subsequent judgment in the case of UCO Bank vs. Commissioner of Income Tax, reported... INCOME TAX REFERENCE NO. 85 of 1988 M/s. Maharashtra State Financial Corporation Ltd., ... Applicant. vs. The Commissioner of Income Tax, Bombay City II, Bombay... and in the case of Commissioner of Income Tax vs. Orissa State Financial Corporation...

...Commissioner of Income Tax Vs. Smt. Nayana P. Dedhia (2004) 270 ITR ITA No. 171 of 2002 26 572, wherein the Andhra Pardesh High Court, relying on the decision rendered by the Supreme Court in UCO Bank Vs.... Commissioner of Income Tax (1999) 237 ITR 889, held as under:- ".....The circular had admittedly been issued by the Central Board of Direct Taxes under section 119(1) of the Act. What is the scope of such circulars should not detain us because of the authoritative pronouncement of the Hon'ble Supreme Court reported in UCO Bank v...Rani Paliwal Vs. Commissioner of Income Tax, (2004) 268 ITR 220, wherein relying on...

...Court in UCO Bank Vs. Commissioner of Income Tax reported in [1999] 237 ITR 889. In UCO Bank (supra) the Supreme Court...(supra) was affirmed and followed by the Supreme Court in Mercantile Bank Ltd versus Commissioner of Income Tax reported in (2006) 283 ITR...that tax on interest was payable on accrual basis. The judgment of the Kerala High Court was affirmed by the Supreme Court in State Bank of Travancore vs CIT reported in...

...Honble Supreme Court in the case of K. P. Varghese Vs. Income-tax Officer [1981] 131 ITR 597 (SC) and UCO Bank Vs. Commissioner of Income...liable for deduction of tax under the provisions of section 194C of the Income-tax Act, 1961 [Act]. He requires assessee...the conclusion that assessee is not entitled to deduction of the crane lease rent paid by the assessee from the income chargeable under the head business. For non-deduction of tax at source under...

...cannot be again reopened or challenged. In that behalf, he brought to our notice a decision of the Hon'ble Supreme Court in the case of UCO Bank Vs. Commissioner of Income Tax (SC) 237...', J.V.P.D.Scheme, 10th Road, Bombay - 400 049. ..Petitioner Vs. 1. N.K.Vohra, Commissioner of Income Tax and Wealth Tax, Bombay City IX, Bombay, having his office on 4th Floor, Piramal Chambers...the case of Commissioner of Income Tax Vs. Gabriel India Ltd.203 ITR 108, wherein, this Court had in certain terms held that erroneous means deviating from the law, erroneous...

...- a of the act, cannot bind courts, tribunals or quasi judicial authorities under the apgst act. Reliance is placed on the judgment of the supreme court in uco bank vs. Commissioner of income tax ( (1999...act, learned senior counsel refers to the judgments in state bank of travancore vs. Commissioner of income tax, kerala ( (1986) 158 itr.... Javeri vs. K. K. Sen, appellate assistant commissioner of income tax, bombay ( (1965) 56 itr 198) wherein it was held that the circulars issued by the central board of revenue would be...

...:- i) This is as per the master circular of Reserve Bank of India and as per the guidelines of the State Govt. ii) This amount is not taxable as per Honble Supreme Court ruling in the case of UCO Bank vs. Commissioner of Income Tax (1999...the case of UCO Bank vs, CIT (1999) 237 ITR 889 (SC) was also cited in support, wherein it has been held that the mercantile system of accounting does not require credit of interest on doubtful debts to.... 2486/Del/11 forfeited by the bank as these amounts are refundable to the respective depositors. The AO did not agree with these explanation of the assessee and added the amount to the total income...

...:- i) This is as per the master circular of Reserve Bank of India and as per the guidelines of the State Govt. ii) This amount is not taxable as per Honble Supreme Court ruling in the case of UCO Bank vs. Commissioner of Income Tax (1999...Bank of India Act is applicable to all the banks including the assessee bank. The decision of Honble Supreme Court in the case of UCO Bank vs, CIT (1999) 237 ITR 889 (SC) was also cited in support.... 2486/Del/11 forfeited by the bank as these amounts are refundable to the respective depositors. The AO did not agree with these explanation of the assessee and added the amount to the total income...

...in issuing the notice under Section 147 of the Act. 7. He has relied on the decision of the Supreme Court in the case of UCO Bank Vs. Commissioner of Income Tax reported...recovered. 8. He has also relied on the following judgments: 1. Commissioner of Income-tax Vs. Bangalore Distt. Co- operative Central Bank Ltd.... :: (1998) 233 ITR 282 (SC) 2. Commissioner of Income Tax Vs. Karnataka State Co- operative Apex Bank...

...in 1999 237 ITR 889 (SC), UCO Bank vs Commissioner of Income Tax. The contentions raised in this writ petition deals with...(SC), UCO Bank vs Commissioner of Income Tax in support of his contention that the Board has power to tone down the rigour of the law...the final order is passed and file appeal before the Commissioner of Income Tax (Appeals) against the same. Hence, on this score itself, this writ petition deserves to be dismissed.4. A...

...TAXMAN 348 (MADRAS), 'NATVARLAL AMBALAL DAVE VS. COMMISSIONER OF INCOME-TAX', (1997 225 ITR 936 (GUJARAT), 'COMMISSIONEROF INCOME-TAX VS. UPASANA HOSPITAL', (1996) 89 TAXMAN 525 (KERALA), 'SRI.LAKSHMI TRUST VS. COMMISSIONER OF INCOME-TAX', (1995) 53 ITD 528 (BANGALORE), 'COMMISSIONER OF INCOME- TAX VS. DR.K.K.SHAH', (1982) 135 ITR 146 (GUJARAT), 'COMMISSIONER OF CENTRAL EXCISE VS. RATAN MELTING AND WIRE INDUSTRIES', (2008) 17 STT 103 (SC), 'UCO BANK VS...HEALTH CARE SERVCIES TPA (INDIA) (P.) LTD. VS. ASSISTANT COMMISSIONER OF INCOME-TAX', (2010) 191..., 'COMMISSIONER OF INCOME- TAX VS. MANMOHAN DAS', (1996) 59 ITR 699 (SC), 'COMMISSIONER...

...was issued by the Board would be binding on all officers and persons employed in the execution of the Act under section 5(8) of the W.P.(C)5766/2019 Page 10 of 13 UCO Bank, Calcutta vs. Commissioner of Income Tax, W.B...be side-stepped causing prejudice to the assessee by bringing to naught the object for which it is issued. [See: K.P. W.P.(C)5766/2019 Page 9 of 13 Varghese vs. Income-tax Officer , [1981] 7 Taxman 13..., rendered in Amadeus India Pvt. Ltd. vs. Principal Commissioner, Central Excise, Service Tax and Central Tax Commissionerate...

..., rightly not allowed any interest on the belated return in respect of the return of income for A.Y. 2013-2014 as the circular issued by the CBDT is binding upon the respondent authorities. Learned advocate Mr. Sanghani placed reliance on the following decisions in support of such a proposition : (1) Uco Bank Vs. Commissioner of Income- tax (1999...) Commissioner of Income-tax Vs. Anjum M. H. Ghaswala & Ors. (252 ITR 1) (SC). (4...) Commissioner of Income-tax Vs. Nayana P. Dedhia (270 ITR 572) (Andhra High Court). 6.7) Relying upon the aforesaid decisions it was...

...needs no repetition. If authorities need be cited. We may now refer to the judgment of the Supreme Court in Uco. Bank vs. Commissioner of Income Tax, 237...." See also Commissioner of Income Tax vs. Hero Cycles Pvt. Ltd. & Ors, 228 ITR 463. It would thus be clear...preferred an Appeal before the Commissioner of Income Tax. 2. At the hearing of the Appeal before the C.I.T. it was contended on behalf of the Appellant that only income...

...hereunder:- i. UCO Bank vs. Commissioner of Income Tax, (1999) 237 ITR 889 (SC...of India and others vs. Ashish Agarwal, (2023) 1 SCC 617; xiv. Income Tax Officer, Ward 2(1), Chandigarh and others vs. Tej Pratap Singh, SLP/diary No.2196/2026, decided on 10.04.2026; and xv. Commissioner of Income-Tax vs. Rane Brake Linings Ltd., 272 ITR 405. 6. The judgment at serial No.i i.e. UCO Bank (supra...; iv. Berger Paints India Ltd. vs. Commissioner of Income Tax, Calcutta, Civil Appeal No. 1081-1083 of 2004, decided on...

...of Apex Court in the case of UCO Bank Vs. Commissioner of Income Tax, W.B., reported in 1999(4) SCC 599. In both the cases the issue.... Varghese Vs. Income Tax Officer, Ernakulam & Anr. reported in 1981 (4) SCC 173 a judgment of two Judges Bench wherein the view of Navnitlal C. Javeri Vs. K.K. Sen...involved was the instruction by a statutory authority under Section 119 of the Income Tax Act and its binding effect...

...of Apex Court in the case of UCO Bank Vs. Commissioner of Income Tax, W.B., reported in 1999(4) SCC 599. In both the cases the issue.... Varghese Vs. Income Tax Officer, Ernakulam & Anr. reported in 1981 (4) SCC 173 a judgment of two Judges Bench wherein the view of Navnitlal C. Javeri Vs. K.K. Sen...involved was the instruction by a statutory authority under Section 119 of the Income Tax Act and its binding effect...

...UCO Bank Vs. Commissioner of Income Tax, W.B., reported in 1999(4) SCC 599. In both the cases the issue involved was the instruction by a statutory authority...Executive/administrative instruction/order upon other authorities to the cases K.P. Varghese Vs. Income Tax Officer, Ernakulam & Anr...under Section 119 of the Income Tax Act and its binding effect. It was held that even if direction under...