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S TAX DEDUCTION Second hand equipment with EPCG Licence IS SALES TAX / VAT APPLICABLE FOR TRANSPORTERS. Clearance of goods to 100% EOU Unit in SEZ under ARE3 -Reg. Service tax applicability on Directors remuneration valuation of goods and ED on scrap Two companies in different states Import of Service i.e. Payment to architect of Dubai for construction of House in India Service Tax Payment on GTA Necessity of RD 23 D

Income Tax Case Laws


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Showing 1 to 15 of 64987 Records

    2014 (4) TMI 683 - DELHI HIGH COURT

    NTPC Ltd. Versus Commissioner of Income Tax-V

    Power u/s 263 of the Act – Withdrawal of additional depreciation – Reference made for revision of sales - Whether the CIT fell into error in invoking his power u/s 263 of the Act modifying the assessment order by withdrawing the additional depreciati ......

    2014 (4) TMI 682 - DELHI HIGH COURT

    Commissioner of Income Tax-IV Versus M/s. Devasan Investment Pvt. Ltd.

    Nature of income – STCG or business income - What factors are to be given weight while examining whether a taxpayer is a dealer in shares or having regard to the nature of investment, it is to be construed that the income bears the character of sale ......

    2014 (4) TMI 681 - DELHI HIGH COURT

    Commissioner of Income Tax-II Versus Ashok Wadia

    Nature of income – Sale of shares - Whether the income is business income or STCG - The shares were shown as investments by the assessee, and not as stock in trade - This is an important (though not conclusive) factor - The frequency of transactions ......

    2014 (4) TMI 680 - DELHI HIGH COURT

    CIT Versus Modi Entertainment Ltd.

    Disallowance u/s 36(1)(iii) of the Act – Interest free advances - Whether the Tribunal fell into error in setting aside the disallowance u/s 36(1)(iii) of the Act - Held that:- The Tribunal was of the view that the advancing of interest-free monies t ......

    2014 (4) TMI 679 - DELHI HIGH COURT

    Commissioner of Income Tax Delhi-II Versus Kalindi Rail Nirman Engg. Ltd.

    Cancellation of penalty u/s 271(1)(c) of the Act – Concealment of income – Acceptance of profits @ 11% - Projects on turn-key basis taken by the assessee contractor – Held that:- The decision in MAK Data P. Ltd. Versus Commissioner of Income Tax-II ......


    The Commissioner of Income Tax, Jabalpur Versus M/s. Itarsi Oil and Flour Mills, Raipur

    Interpretation of section 80HHC(3) of the Act - Scope of the Business of assessee - Whether the word business u/s 80HHC(3) of the Act means all businesses of an assessee or only that business, which is partly or fully doing export business – Held t ......

    2014 (4) TMI 677 - GUJARAT HIGH COURT

    Rajmoti Industries Versus Assistant Commissioner of Income Tax

    Disallowance u/s 40A(3)(a) of the Act – Payment made otherwise than by account payee cheque - endorsement of crossed cheques - Held that:- It is indisputable that the term “an account payee cheque” is well understood and signifies cheque which carrie ......

    2014 (4) TMI 676 - GUJARAT HIGH COURT

    Commissioner of Income Tax Versus M/s. Atul Intermediates

    Interpretation of section 80IA(9) of the Act – Claim of deduction u/s 80HHC of the Act - Whether the Tribunal is right in holding that the assessee can claim deduction both u/s 80HHC as also u/s 80IA despite the provisions of section 80IA(9) – Held t ......

    2014 (4) TMI 675 - KERALA HIGH COURT

    M/s. Ilahia Trust Versus The Deputy Director of Income Tax, (Exemption)

    Maintainability of petition - Correctness and sustainability of order – Denial of exemption – Alternate remedy available – Held that:- The assessee is having an effective alternative remedy by way of appeal before the appellate authority and in the t ......

    2014 (4) TMI 674 - KERALA HIGH COURT

    M/s. Kerala State Beverages (M&M) Corporation Ltd. Versus Assistant Commissioner of Income Tax

    Waiver of Pre-deposits - Liability to deduct surcharge and turnover tax from the income u/s 37 of the Act - Computation of income tax – Held that:- The matter is required to be considered and decided by the competent authority, before whom the statut ......

    2014 (4) TMI 673 - GUJARAT HIGH COURT

    Commissioner of Income Tax-I Versus Diptiben D. Patel

    Genuineness of the will – Burden to prove – Deletion of unexplained jewelry – Unexplained income – Held that:- All the facts cumulatively led both the authorities to concurrently hold that the Will was not questionable - Both have rightly held that i ......

    2014 (4) TMI 672 - ITAT MUMBAI

    Sulakshana Securities Ltd. Versus Income Tax Officer

    Nature of Income received – income from house property or income from other sources - Air-conditioning and other charges - Disallowance of property maintenance expenses – Held that:- Following SULAKSHANA SECURITIES LTD Versus INCOME TAX OFFICER [2014 ......

    2014 (4) TMI 671 - ITAT MUMBAI

    M/s. Shree Sai Construction Versus Dy. Commissioner of Income Tax

    Confirmation of penalty u/s 271(1)(c) of the Act – Additions made u/s 68 of the Act – Held that:- The findings given in the assessment proceedings are quite relevant and have probative value but such a finding alone may not justify the levy of penalt ......

    2014 (4) TMI 670 - ITAT MUMBAI

    M/s. Kalpataru Computer Services Pvt. Ltd. Versus DCIT 9(2), Mumbai

    Typographical error – Error committed at the time of filing e-return – Non-exercise of power u/s 154 of the Act - Held that:- Due to some clerical error the decimal separator was not put in the total income declared by the assessee and as such the to ......

    2014 (4) TMI 669 - ITAT MUMBAI

    Hetal Pinak Dedhia Versus The Income Tax Officer

    Addition made u/s 68 of the Act – Deposits in the bank account – Opportunity to file submissions not provided - Held that:- The FAA has proceeded to decide the issues after considering the submissions made by the assessee - It is not known as to whet ......

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