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Income Tax Case Laws


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Showing 1 to 15 of 68131 Records

    2014 (11) TMI 904 - ITAT MUMBAI

    M/s. Goldstar Jewellery Design Pvt. Ltd. Versus The Income Tax Officer Ward 8(1) (4) Mumbai.

    Selection of comparables - Goldiam Jewellery Limited – Whether the amount of loan taken can be construed as a related party transaction in determining the percentage of RPL to total sales - Held that:- The term `Related party transactions’ refers to ......

    2014 (11) TMI 903 - ITAT LUCKNOW

    ACIT-III, Kanpur Versus Smt. Laxmi Agarwal Prop. M/s Chandra Kishore Ashok Kumar

    Addition of undisclosed stock deleted – Held that:- The assessee’s own concern, M/s Chandra Kishore Ashok Kumar & Sons and other sister concern, M/s Devi & Company, which was owned by her son, were running their business at the same premises i.e. 48/ ......

    2014 (11) TMI 902 - ITAT COCHIN

    M/s. Atholi Service Co-operative Bank Versus The Income Tax Officer

    Denial of deduction u/s 80P by invoking section 80A(5) – Taxpayers have not filed the returns of income within the time limit provided u/s 139(1) or 139(4) or within the time specified in the notice u/s 142(1) - Whether such taxpayers are entitled fo ......

    2014 (11) TMI 901 - GUJARAT HIGH COURT


    Exemption u/s 10(1) - Whether the income was agricultural income as defined in section 2(1A) and therefore exempt u/s 10(1) – Held that:- Sale proceeds of the land belonging to the assessee constitute income from agriculture, hence exempt from tax un ......


    Commissioner of Income-tax, Rajahmundry Versus Andhra Petrochemicals Ltd.

    Amount received by Non-resident to be treated as Royalty or not u/s 9(i)(vi) - Drawing and designs and technical know-how – Transaction to be treated as outright sale of plant and profits to be treated business profit or not – Held that:- A compariso ......

    2014 (11) TMI 899 - BOMBAY HIGH COURT

    The Stock Holding Corporation of India Ltd. Versus NC. Tewari, the Commissioner of Income Tax & Others

    Interest payable u/s 244A(1)(b) on refund of excess amount – Excess amount paid on self-assessment u/s 10A – Held that:- Amount paid by the petitioner as tax on self-assessment would not stand covered by Section 244A(1)(a) - the payment of tax made b ......

    2014 (11) TMI 898 - PUNJAB & HARYANA HIGH COURT

    M/s Nahar Spinning Mills Limited Versus The Commissioner of Income Tax, Ludhiana

    Allowability of expenses u/s 37 - Amount paid to Municipal Corporation for legalizing the construction of building – Held that:- Following the decision in JAMNA AUTO INDUSTRIES Versus COMMISSONER OF INCOME -TAX [2008 (1) TMI 62 - PUNJAB & HARYANA HIG ......

    2014 (11) TMI 897 - BOMBAY HIGH COURT

    Shell India Markets (P.) Ltd. Versus Assistant Commissioner of Income-tax, LTU

    Jurisdiction of the revenue to bring to tax amounts received on capital account namely issue of equity shares to its non-resident Associated Enterprises – Held that:- Following the decision in Vodafone Services Pvt. Ltd. v. Union of India [2014 (11) ......

    2014 (11) TMI 896 - GUJARAT HIGH COURT


    Computation of MAT - Additional depreciation debited – Retrospective effect in change in the method of providing depreciation - Whether the Tribunal was right in deleting the addition made by the AO to the book profit on account of additional depreci ......

    2014 (11) TMI 895 - GUJARAT HIGH COURT


    Rental income from letting out of warehouses – Business income or income from house property - Whether the Tribunal was justified in holding that the rental income from letting out of warehouses/godowns together with various services rendered to the ......

    2014 (11) TMI 894 - DELHI HIGH COURT

    Sanjay Pandey & Others Versus Central Board of Direct Taxes

    Maintainability of petition – Violation of order issued by CBDT by petitioner – Remedy as provided in the law to be availed first before reaching the HC - Held that:- In L. Chandra Kumar Versus Union Of India And Others [1997 (3) TMI 90 - SUPREME Cou ......

    2014 (11) TMI 893 - BOMBAY HIGH COURT

    Nadi Fiance And Investment Pvt. Ltd. Versus Assistant Commissioner of Income Tax And Others

    Validity of notice for reopening of assessment u/s 148 – Proper examination made by AO – Change of opinion - Held that:- The notice was issued beyond the period of 4 years from the end of the relevant AY i.e. A.Y. 2000-01 - in the computation of inco ......

    2014 (11) TMI 892 - BOMBAY HIGH COURT

    GKN Sinter Metals Ltd. Versus Ms. R. Raghavan, Assistant Commissioner of Income Tax

    Validity of notice for reopening of assessment u/s 148 – Notice issued beyond the period of 4 years – Failure on the part of assessee to fully and truly disclose all material facts necessary for assessment - Held that:- Even according to the AO the a ......

    2014 (11) TMI 891 - BOMBAY HIGH COURT

    M/s. Jagati Publications Ltd. Versus The President, Income Tax Appellate Tribunal Through Registrar And Others

    Validity of constitution of Special bench - Power of president of ITAT – Procedure of Appellate Tribunal - Held that:- The entire proceeding has been conducted for the purposes of the constitution of the Special Bench of the Tribunal appears to have ......

    2014 (11) TMI 890 - KARNATAKA HIGH COURT

    Commissioner of Income-tax, Bangalore Versus India Heritage Trust

    Validity to grant registration u/s 12AA – Whether the assessee who is carrying on business activity or indulging in developing the properties is entitled for registration u/s 12AA - Held that:- CIT(A) rightly held that there is no doubt that the obje ......



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