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Income Tax |
Showing 1 to 15 of 59753 Records |
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2013 (6) TMI 438 - ITAT AHMEDABAD ACIT, Circle No. -2, Ahmedabad Versus The Gujrat State Co-op Bank Ltd. Expenditure owing to distribution of gifts to members/staff - whether be considered as incurred for the purpose of business? - Held that:- If any expenditure is wholly or exclusively incurred by on assessee-businessman with a view to preserving and a ...... 2013 (6) TMI 437 - ITAT AHMEDABAD Income Tax Officer Versus M/s Paritosh Infrastructures Deduction u/s. 80IB(10) - proceeds attributable to the sale of unutilized FSI - Held that:- The issue is covered in favour of the assessee as relying on Radhe Developer (2007 (6) TMI 316 - ITAT AHMEDABAD) in respect of unutilized FSI to held that con ...... 2013 (6) TMI 432 - ITAT COCHIN Maruthi Babu Rao Jadhav Proprietor, Dhanalakshmi Refineries Versus The Deputy Commissioner of Income-Tax Undisclosed income - Held that:- The undisputed fact remains that the books of accounts of M/s Dhanalakshmi Jewellery was written up to 20.10.2000 only on the date of survey, i.e., on 15.11.2000. Further, the assessee also did not record in any of th ...... Tupperware India Pvt. Ltd. Versus ACIT, Circle-16 (1), New Delhi Provision of obsolete stock disallowed - Held that:- The assessee is continuously following the policy of valuation of closing stock on the basis of net realizable value which is in accordance with accounting principle. The fact becomes clear by the ...... ACIT, Circle II, Faridabad Versus Lakhani Detergent & Soaps P. Ltd. Disallowance of transactions in excess of job work charges - Payment to related parties - sectin 40A(2) - Held that:- AO has not invoked the provisions of s.40A(2) but has disallowed the expenses only on the ground of being not verifiable and not inc ...... ITO, New Delhi Versus Twobro Investment & Finance Ltd. Providing accommodation entries - CIT(A) deleted the addition - Held that:- As per AO the assessee received Rs.26 lacs as bogus entries in the garb of sale proceeds of share. On the other hand, the CIT (A) allowed the appeal of the assessee with an o ...... ACIT, New Delhi Versus Shrikishan Dass Undervaluation of the sale consideration - whether CIT(A) erred in not adopting the circle rate at the rate of Rs.4500/- per sq. meter of land? - Held that:- There is no involvement or requirement of approaching the Stamp Duty Authority by the person ...... 2013 (6) TMI 427 - ITAT COCHIN The Assistant Commissioner of Income tax Versus The Kerala State Financial Enterprises Ltd. Prior period expenses disallowed - Held that:- CIT(A) has examined the claim of the assessee in respect of each of the item of expenditure included under the head "Prior period expenditure" and accordingly taken a decision that it cannot be said that ...... 2013 (6) TMI 426 - ITAT COCHIN P. A. Jose Prop of Josco Fashion Jewellers Versus The A. C. I. T., Cir. 1 Kottayam Expenditure on interior work - revenue v/s capital - Held that:- It is not in dispute that the assessee took the premises on lease for 15 years with an option to extend the same for further period with an intention to set up a new show room in the le ...... 2013 (6) TMI 425 - ITAT KOLKATA A. C. I. T., Kolkata Versus M/s. Greenply Industries Ltd. Re opening of assessment - excess carried forward of unabsorbed deprecation was allowed in the assessment order - hypothetical income credited to the profit and loss account while computing book profit u/s 115JB - amount debited to the profit and los ...... 2013 (6) TMI 424 - ITAT HYDERABAD Sri S. Ranjith Reddy, Shri S. Narayan Reddy Versus Deputy CIT Hyderabad and others Re opening of assessment - Building development agreement with land owner - Transfer u/s. 2(47)(v) r.w.s. 53A of Transfer of Property Act - Whether the transferee can be said to have 'performed or is willing to perform' its obligations under the agre ...... 2013 (6) TMI 423 - ITAT JODHPUR The ITO, Rajsamand Versus M/s Lavti & Company Reopening of assessment - accommodation entries - CIT(A) quashed reassessment - Held that:- It is an admitted fact that AO reopened the assessment of the assessee only on the basis of copy of account of Shri Bhupender Shrimali partner of assessee com ...... 2013 (6) TMI 422 - ITAT MUMBAI Asst. Commissioner of Income Tax Versus Smt. Usha Mayur Thakkar Unexplained credit u/s 68 - CIT(A)deleted the addition - Held that:- The order of the CIT (A) is quite elaborate one as it dealt with the statement recorded by the Revenue and Mr. Haresh V. Malani on 24.11.2010, dealt with identity of Mr. Haresh V. M ...... 2013 (6) TMI 421 - ITAT MUMBAI St. Jude Medical (Hongkong) Limited Versus Dy. Director of Income Tax (International Taxation) Estimation of income of SJMI [St. Jude Medical Inc. USA] in assessee's hand - AO treated assessee's liaison office in India as a PE for the SJMI and taxed both the incomes attributable to sales made by SJMH as well as SJMI USA in one assessment order ...... 2013 (6) TMI 420 - ITAT MUMBAI Hinduja Global Solutions Ltd. Versus Addl. CIT, Circle 6(3) Mumbai Deduction u/s 10A disallowed - in respect of Unit No. II and Unit No. III set up in Software Technology Park - reallocation of certain common head office expenses amongst various units - matter was referred to DRP - Held that:- Even ground No. 3b is ...... |
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