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Income Tax Case Laws

 

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Showing 1 to 15 of 68089 Records

    2014 (11) TMI 814 - GUJARAT HIGH COURT

    COMMISSIONER OF INCOME TAX Versus CHLORITECH INDUSTRIES

    Allowability of depreciation on gas toner - Whether the Tribunal is right in confirming the order passed by the CIT(A) holding that depreciation on gas toner is allowable at the rate of 100% treating the same as gas cylinders, as against depreciation ......

    2014 (11) TMI 813 - GUJARAT HIGH COURT

    COMMISSIONER OF INCOME TAX II Versus PANASONIC ENERGY INDIA CO. LTD.

    -Validity of reopening of assessment u/s 147 – Claim u/s 80HHC verified and accepted by AO or not – Held that:- The Tribunal rightly relied upon Commissioner of Income Tax Vs. Kelvinator of India Ltd. [2010 (1) TMI 11 - SUPREME COURT OF INDIA] wherei ......

    2014 (11) TMI 812 - GUJARAT HIGH COURT

    MAYANK DIAMONDS PVT. LTD. Versus IT. OFFICER

    Estimation of GP @ 12.5% or 1.03% - Whether the Tribunal was right in estimating the gross profit of 12.5% against the gross profit of 1.03% shown by the assessee without recording any cogent and convincing reasons in support – Held that:- The averag ......

    2014 (11) TMI 811 - BOMBAY HIGH COURT

    Commissioner of Income Tax Versus M/s. Nitco Tiles Limited

    Admission of appeal – Five questions of law formulated which can be termed as substantial question or not – Held that:- The matters in appeal is already decided in favour of assessee by the Tribunal – the only question which can be termed as substant ......

    2014 (11) TMI 810 - GUJARAT HIGH COURT

    CIT Versus ABHISHEK CORPORATION

    Validity of admission of new plea – Discharge of onus - Whether the ITAT was justified in law in admitting a new plea contrary to the facts on record that the net profit in respect of supervision charges should be linked to the receipts of booking of ......

    2014 (11) TMI 809 - GUJARAT HIGH COURT

    COMMISSIONER OF INCOME TAX Versus MIHIR TEXTILES LTD.

    Whether the Tribunal is right in law and on facts in directing the AO to grant interest u/s 214 – Held that:- The issue has been already decided in the judgment of Modi Industries Ltd. and Others vs. Commissioner of Income Tax and Another [1995 (9) T ......

    2014 (11) TMI 808 - GUJARAT HIGH COURT

    THE CIT Versus M/s. LMP PRECISION ENGINEERING CO. P. LTD.

    Levy of penalty u/s 273(a)(aa) when reassessment proceedings started - Whether the Tribunal was right in law in holding that penalty u/s 273(a) (aa) cannot be levied as it has been initiated in the reassessment proceedings – Held that:- The Tribunal ......

    2014 (11) TMI 807 - GUJARAT HIGH COURT

    CIT Versus MADHAV INDUSTRIAL CORPORATION

    Grant of deduction u/s 80HHA and 80IA – Ship breaking activity amounts to manufacture or not - Whether the Tribunal is right in law and on facts in holding that the assessee which is engaged in ship breaking business is entitled for grant of deductio ......

    2014 (11) TMI 806 - GUJARAT HIGH COURT

    COMMISSIONER OF INCOME TAX III Versus TIRUPATI CONSTRUCTION COMPANY

    Benefit of peak credit on unexplained receipts and payments upheld – Nexus between receipts and payments - Materials found during the search – Held that:- While appreciating a document, it is required to be considered in its entirety and it cannot be ......

    2014 (11) TMI 805 - DELHI HIGH COURT

    Director of Income Tax (E) Versus Indo French Centre

    Violation of section 13(1)(d) r.w section 11(5) - Effect of amendment – Taxability of income – Held that:- The Tribunal rightly held that the assessee Society had not parked any of their funds in Crιdit Industriel et Commercial, Paris, France either ......

    2014 (11) TMI 804 - DELHI HIGH COURT

    COMMISSIONER OF INCOME TAX Versus M/s VODAFONE ESSAR SOUTH LTD.

    Provisions for network repair and maintenance and credit verification cost, provision of consultancy charges and provision for car hiring charges disallowed – Held that:- The assessee follows mercantile system of accountancy - The term "expenditure" ......

    2014 (11) TMI 803 - GUJARAT HIGH COURT

    IT. OFFICER Versus SMT. MUKTABEN J. PATIRA

    Undisclosed income deleted - Return filed and available on record - Whether the Tribunal is right in deleting the addition as undisclosed income of the assessee received from M/s. Patira Packaging on the ground that the assessee had filed return for ......

    2014 (11) TMI 802 - GUJARAT HIGH COURT

    SAURIN J. SHAH Versus DY. CIT

    Trading loss disallowed - details provided by the assessee to substantiate the claim or not – Held that:- The entries in the books of Accounts will not be a new loss or payment, which is established from the record and which is required to be conside ......

    2014 (11) TMI 801 - GUJARAT HIGH COURT

    DY. CIT Versus MAHARAJA SALT WORKS CO. (P) LTD.

    Eligibility to deduction u/s 80HHC – Minerals include salt or not - Whether the Tribunal was justified in holding that the expression "Minerals" does not include salt and therefore the assessee Company was eligible to deduction u/s 80HHC – Held that: ......

    2014 (11) TMI 800 - KARNATAKA HIGH COURT

    COMMISSIONER OF INCOME TAX AND JOINT COMMISSIONER OF INCOME TAX (ASSESSMENT) Versus M/s PYRAMID TIMBER ASSOCIATES (P) LTD

    Eligibility of deduction on loss of goods in transit - Trading of importing timber logs in bulk quantity - Whether the Tribunal is right in treating the amount as an expenditure and consequentially as a loss incurred by the assessee when the amount i ......

   
 
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