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Showing 1 to 15 of 67131 Records


    Commissioner of Income And Others Tax Versus Pawan Aggarwal, M/s. Himachal Wire Industries (P) Ltd., JB. Conductors And Cables, M/s. Himachal Steel And Wires, M/s. Brijsons Wire Products, M/s. Brijsons Hetreat, M/s. United Wire Products

    Deduction u/s 80IC Process amounts to manufacture or not - Whether the process of drawing wire of thinner gauge from wire or rods of thicker gauge, followed by finishing processes like annealing would amount to manufacture or production or conseque ......

    2014 (9) TMI 501 - ALLAHABAD HIGH COURT

    Hotel Arti Delux (Pvt.) Ltd. Versus Asst. Commissioner of Income Tax, Circle 2(1), Kanpur

    Classification of income - Income from business and profession or income from house property Held that:- Section 22 clearly indicates that income from house property would be chargeable to income tax under the head "income from other sources" - The ......

    2014 (9) TMI 500 - PUNJAB & HARYANA HIGH COURT

    M/s. Lali Construction Co. Versus The Assistant Commissioner of Income Tax-cum-Assessing Officer And Another

    Allowability of depreciation and interest Flat rate of net profit applied Held that:- Following the decision in Commissioner of Income Tax vs. Chopra Bros. India (P) Limited [2001 (9) TMI 90 - PUNJAB AND HARYANA High Court] - in a case where the ......

    2014 (9) TMI 499 - PUNJAB & HARYANA HIGH COURT

    The Joint Sub Registrar, Sangat, District Bathinda Versus Director of Income Tax (CIB), Chandigarh

    Penalty u/s 271FA Protection u/s 273B - Proper information not furnished by assessee delay in furnishing the requisite AIR information by the appellant - bonafide ignorance - Limitation u/s 275(1)(c) Held that:- The plausible explanations in te ......

    2014 (9) TMI 498 - ITAT LUCKNOW

    Income Tax Officer Versus M/s. Shalini Chemicals Pvt. Ltd.

    Commission on purchases treated as bogus Held that:- CIT(A) has examined the issue in great detail - he has made enquiry from the suppliers as well as the party to whom commission was paid by the assessee in respect of purchases - the assessees bu ......

    2014 (9) TMI 497 - ITAT AMRITSAR

    Nitco Logistics Pvt. Ltd. Versus Joint Commissioner of Income Tax

    Nature of receipts - Dharmarth Receipts OR not Whether the provisions of Section 50C of the Act are applicable to the case of a purchaser also - Held that:- The income under the head "capital gains" is applicable to the sale of immovable property, ......

    2014 (9) TMI 496 - ITAT HYDERABAD

    Dr. G. Premalatha Versus The Deputy CIT Circle-8(1), Hyderabad

    Valuation report u/s. 142(A) Reference made by AO - Estimated understatement of cost of construction Held that:- The AO had not accepted the assessees valuation of plots owned by it but had made an estimate of the same and on appeal, the assesse ......

    2014 (9) TMI 495 - ITAT AHMEDABAD

    Smt. Jyotikaben Bhupendrabhai Shah Versus The Asst. Commissioner of Income-tax

    Restriction of amount of exemption u/s 54EC investment in two financial year totaling ₹ 1 crore - LTCG on sale of factory land - Held that:- The Long Term Capital Gain accrued to the assessee on transfer of Long Term Capital Asset on 01.01.20 ......

    2014 (9) TMI 494 - ITAT BANGALORE

    Shri SR. Madhavan (HUF) C/o Venkatesan & Co. Versus Income Tax Officer (International Taxation)

    Computation of STCG in reassessment proceedings transactions for sale of land as well as the sale of super built up area - Denial of exemption u/s 54EC since investment made beyond 6 months Held that:- As far as the sale of a property to M/s. Sum ......

    2014 (9) TMI 493 - ITAT JAIPUR

    Shri Dhiren Kumar Singh, Prop. M/s Cyber Space Versus The ITO., Ward 1, Sikar

    Commission payment disallowed Held that:- The assessee started first year of his business in mobile service/telephone - He did not have any experience in the line of business and also was not conversant to the income tax proceeding - The commission ......

    2014 (9) TMI 492 - ITAT HYDERABAD

    Nilesh Dharod, Hyderabad Versus Income-tax Officer

    Validity of proceeding initiated u/s 147 Reduction in claim of exemption u/s 54 considered in original proceedings - Held that:- It can be seen from the reasons recorded that basis for reopening of assessment is sale of property for ₹ 1,95,00 ......

    2014 (9) TMI 491 - ITAT HYDERABAD

    Agricultural Market Committee Versus Director of Income Tax (Exemptions)

    Rejection of registration of society u/s 12A Held that:- DIT(E) rejected the registration on extraneous considerations, but also passed the order very belatedly beyond the time limit provided under the Act - DIT(E) is wholly bent on refusing regist ......

    2014 (9) TMI 490 - ITAT COCHIN

    Shri A. Younuskunju, Younus Cashew Industries Versus The Deputy Commissioner of Income-tax

    Rectification of mistake u/s 154 Rectification of interest u/s 254D(6A) Withdrawal of interest u/s 244(1A) Held that:- Merely because the AO has wrongly allowed the claim of interest, he intended to re-compute it through rectification proceedin ......

    2014 (9) TMI 437 - DELHI HIGH COURT

    Commissioner of Income Tax -X Versus Smt. Achila Sabharwal

    Entitlement for depreciation on cinematographic films @ 100% - Reliance placed upon Rule 9B of the Income Tax Rules, 1962 - AO observed that the assessee did not purchase any cinematographic films for consumption but what was purchased were broadcast ......

    2014 (9) TMI 436 - ALLAHABAD HIGH COURT

    The Commissioner of Income Tax-Ii And Another Versus M/s. TC. Ice And Cold Storage Pvt. Ltd.

    Unexplained share application money and loans u/s 68 Creditworthiness of transaction Held that:- The assessee has shown receipt of share money amounting to ₹ 75 lacs from 15 persons - the assessee has also shown receipt by way of unsecured ......

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