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Income Tax |
Showing 1 to 15 of 59193 Records |
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2013 (5) TMI 616 - GUJARAT HIGH COURT NATIONAL DAIRY DEVELOPMENT BOARD VERSUS DEPUTY COMMSSIONER OF INCOME TAX Re opening of assessment - write back of any provision is deductible provided the same is added back while computing taxable income of the year in which it was created which was not done in the case of the assessee during the course of assessment pro ...... 2013 (5) TMI 615 - ITAT MUMBAI JOINT COMMISSIONER OF INCOME TAX VERSUS M/s LAFFANS PETROCHEMICALS LTD Disallowance of interest u/s 36(1)(iii) - whether interest free funds were available at the time of making investments is a pure question of facts which can be analysed by taking into consideration the day-to-day cash flow statement? - CIT(A) allowed ...... 2013 (5) TMI 614 - ITAT MUMBAI DEPUTY COMMISSIONER OF INCOME TAX 3(2), MUMBAI VERSUS M/s KEMPER HOLDING PVT LTD Valuation of shares - section 48 - Difference between value of share on the date of its allotment and the price of warrant paid as per letter of allotment - whether be treated as Long Term Capital Gain - CIT(A) deleted the addition - Held that:- AO n ...... 2013 (5) TMI 613 - ITAT AHMEDABAD The A. C. I. T. (OSD), Cir-9, Versus Shri Narendrabhai P. Patel Penalty u/s 271(1)(c) - disallowance made u/s 40(a)(ia) - Held that:- Disallowance omade by the AO due to non-payment of TDS in time which is technical in nature. Hence, the same does not amount to concealment of income or furnishing of inaccurate pa ...... 2013 (5) TMI 612 - DELHI HIGH COURT CIT Versus Supreme Polypropolene Pvt. Ltd. Reopening of assessment - commission income was not declared in the return of income filed by the assessee - extended period of limitation invoked - a list was sent by the Additional Director of Investigation-VI, New Delhi revealed that the assessee ...... 2013 (5) TMI 611 - ITAT AHMEDABAD Income Tax Officer Ward 4(3) Versus Indian Bobbin Mfg. Co. Pvt. Ltd. Disallowance u/s 14A r.w.r. 8D - CIT(A) deleted the addition - Held that:- The assessee was having total interest free income of 1,10,59,410/- whereas the investment in shares was of Rs. 1,06,00,670/-. Thus the interest free funds available with the ...... 2013 (5) TMI 610 - ITAT AHMEDABAD Assistant Commissioner of Income Tax Circle 5 Versus Rasna Private Limited Disallowance u/s 14A r.w.r. 8D - CIT(A) deleted the addition - Held that:- The issue is concluded in favour of the assessee inasmuch as, as held by Hon'ble Bombay High Court in the case of Godrej & Boyce Mfg Co Ltd VS DCIT (2010 (8) TMI 77 - BOMBAY H ...... 2013 (5) TMI 609 - ITAT MUMBAI M/s. MPPL Enterprise P. Ltd. Versus DCIT - 8(2), Mumbai Jurisdiction power u/s 263 by CIT(A) - CIT(A) directing AO to disallow deduction of brokerage expenses - Held that:- On the basis of the documents placed on record before the CIT and also here the service charges are claimed in the course of regular ...... Shri Sanjay Gupta C/o. M/s. Mahakal Borewell Versus Income Tax Officer, Guna Unaccounted loan transactions of Rs.2,00,000/- - Held that:- The assessee explained that there is clerical mistake whereas the fact is that the loan was given on 02.12.2005 through banking channel. This fact is supported by an affidavit of depositor ...... Shri Anil Kumar Maheshwari Versus Commissioner of Income Tax, Aligarh Penalty u/s 271(1)(c) - source of fresh capital introduced held to be unexplained/bogus - CIT(A) deleted part penalty - Held that:- Admitted facts of the case are that the A.O. made addition of Rs.3,50,000/-. The assessee furnished necessary explanat ...... 2013 (5) TMI 606 - ITAT KOLKATA Income-tax Officer, Wd-1(1), Jalpaiguri Versus Shri Basab Mukherjee Residential status - foreign going vessel - Receipt of salary treated by assessee as exempt u/s. 10(6)(vii) - CIT(A) deleted the addition made by AO - whether 130 days when assessee was in Indian vessel but it was outside Indian territorial water and ...... 2013 (5) TMI 605 - ITAT MUMBAI M/s. IGFT Ltd. Versus The Income-tax Officer-2(2)(1), Mumbai Slump sale - transfer of undertaking - Transfer of intangible assets of merchant banking business - revenue v/s capital receipt - Held that:- Clause 2.2 of the Transfer of Business Agreement suggests that the assessee has received Rs.2.5 million (Rs. ...... 2013 (5) TMI 589 - ITAT AMRITSAR Sh. Pritpal Singh, Prop. M/s Milap Foundry Versus Income Tax Officer, Ward 3(3), Amritsar Unaccounted purchase of plot - rejection of books of accounts - assessee pleaded that he had purchased a plot of land with funds provided by his second wife who gave him cash of Rs. 9 lakhs and her two brothers has also gifted him Rs. 4 lakhs on the ...... 2013 (5) TMI 588 - ITAT KOLKATA Sunderlal Jain, Burdwan Versus I. T. O., Ward-1(3) Burdwan Undisclosed deposits in the bank account - addition u/s 69 - assessee is a shares dealer and earns income of interest - reopening of assessment - Held that:- Assessee, who is maintaining proper books of account was having a savings account which was ...... 2013 (5) TMI 587 - ITAT KOLKATA I. T. O., Ward-37(3), Kolkata Versus Miss. Avani Agarwal Undisclosed investment - CIT(A) deleted the addition - Held that:- Assessee in his wisdom has agreed to the proposition that the Cross Objection for considering a part portion on the AO's order u/s 251 remains a question to be addressed by the CIT(A) ...... |
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