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Showing 1 to 15 of 66491 Records

    2014 (7) TMI 840 - ITAT MUMBAI

    M. Dinshaw & Co. Pvt. Ltd. Versus Dy. CIT, Central Circle 7, Mumbai

    One time vehicle tax paid on purchase of vehicle - Capital or revenue expenditure - eligible for deduction u/s 37(1) or depreciation u/s 32 – Held that:- The assessee has been guided by the law as it stood prior to its amendment in 1995, misled itsel ......

    2014 (7) TMI 839 - ITAT MUMBAI

    Mrs. Pilloo CJ. Cursetjee Versus ACIT RG 16(1), Mumbai

    Indexed cost of improvement – computation of long term capital gain on development right - Held that:- The assessee has discharged the onus by providing the details of expenditure and payments made during the assessment proceedings - the assessee ca ......

    2014 (7) TMI 838 - ITAT MUMBAI

    Dy. Commissioner of Income Tax Versus M/s Pan India Food Solutions Pvt. Ltd.

    Acquisition of brand - Payment made for Legal and professional fees – revenue expenses or capital expenses – Held that:- The “brand” expenditure incurred by the assessee has been treated as capital expenditure - The expenditure incurred on the feasib ......

    2014 (7) TMI 837 - ITAT CHANDIGARH


    Expenses on purchase on new items - Acquisition of new assets for replacement of existing assets as current repairs - Held that:- AO has mentioned various items and no doubt the wooden paneling, wooden partition, some small items of steel or purchase ......

    2014 (7) TMI 836 - ITAT MUMBAI

    Hitesh S. Mehta Versus DCIT CC 23, Mumbai

    Rejection of books of accounts - Principles of natural justice – Held that:- The matter should go back to the file of the AO to pass a fresh order, for rejecting the books of account, the AO has not given any valid reasons as no specific defect has b ......

    2014 (7) TMI 819 - ITAT AHMEDABAD

    Dy. Commissioner of Income-Tax Versus M/s. M. Kantilal Exports

    Restriction of labour charges – Held that:- A reasonable rate should have been applied by CIT(A) - it would be fair and reasonable to allow labour charges @ ₹ 270 per carat, instead of ₹ 300 per carat as claimed by the assessee - to settl ......

    2014 (7) TMI 810 - DELHI HIGH COURT

    Commissioner of Income Tax Versus Heartland Delhi Transcription Services Pvt. Ltd.

    Interpretation of section 10B - Transfer or sale of undertaking - Whether there is any prohibition in Section 10B on transfer or sale of the undertaking by the assessee, who has formed or established the same, to another assessee and whether the purc ......

    2014 (7) TMI 809 - ALLAHABAD HIGH COURT

    Commissioner of Income Tax, Bareilly Versus Sarjoo Sahkari Chini Mill Limited

    Subscription made to U.P. Co-operative Cane Federation u/s 40(a)(ia) – Failure to deduct TDS u/s 194J – Held that:- The appropriate course of action would be to restore the proceedings back to the CIT(A) for a fresh evaluation - it is not necessary f ......

    2014 (7) TMI 808 - ITAT HYDERABAD

    ITO, Ward 11(2), Hyderabad Versus M/s. Laxmi Srinivasa Finance Corporation

    Penalty u/s 271D – cash transaction with OSFC a unit of assessee - Cash deposits received more than ₹ 10,000 – Violation of provisions of section 269SS - Held that:- OSFC is not different from the assessee firm and the AO assessed the income/l ......

    2014 (7) TMI 807 - ITAT HYDERABAD

    Sri Ravi Saraff, Hyderabad Versus The Income Tax Officer

    Reference made to DVO – sale of property - adoption of value as per stamp value u/s 50C - applicability of provision of section 50C to section 69 - Held that:- Procedure as per sec. 50C is to be adhered in its totality which mandated that in the even ......

    2014 (7) TMI 806 - ITAT HYDERABAD

    M/s. Elico Limited, Hyderabad Versus Dy. Commissioner of Income-tax

    Revision u/s 263 - 100% EOU - Claim of exemption made u/s 10B instead of 10A due to inadvertence – CIT observed that, assessee had not obtained statutory approval from the Board appointed in that behalf by the Central Government as required under S.1 ......

    2014 (7) TMI 805 - ITAT HYDERABAD

    M/s. Sujana Towers Ltd. Versus Asst. Commissioner of Income-tax

    Estimation of the income from business – Non-allowance of depreciation – Held that:- The assessee contended that the rate of 1% adopted by the CIT(A) for estimation of income of the assessee is on the higher side, since adoption of a rate of 0.5% wou ......

    2014 (7) TMI 804 - ITAT HYDERABAD

    Andhra Bank, Hyderabad Versus DCIT, Circle 1(1), Hyderabad

    Value of FBT u/s 115WB(1)(c) – Single contribution towards pension fund made for all its employees - lump sum amount - details of contribution pertaining to each employee are not available in the Actuarial Valuation Report – Held that:- The contribu ......

    2014 (7) TMI 803 - ITAT MUMBAI

    M/s. Dighi Port Ltd. Versus ITO, Range2(1) (2), Mumbai

    Wharfage/port dues - whether in the nature of tax, duty, cess or fee u/s 43B – Held that:- Wharfage/port dues payable by the assessee to the MMB as royalty for cargo handling at Dighi Port as per the contract between the parties - dues were not payab ......

    2014 (7) TMI 802 - ITAT PUNE

    M/s. Eaton Industrial Systems Pvt. Ltd. Versus Dy. Commissioner of Income Tax

    Stay application – Addition u/s 68 – Held that:- The merits of the various additions shall be appropriately examined only during the course of hearing of the appeal yet in so far as it is necessary to evaluate a prima facie case for the purposes of a ......

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