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BUDGET CHANGES REGARDING DTA CLEARANCES valuation job work Cenvat Credit Applicability of State VAT or CST CT -1 procedure current local tax rate (vat rate) for s.s patta/ coil / strip Rules of register Change in section 15A Central Excise Act 1944 exemption limit Reg. Short amount deposit against excise duty

Income Tax Case Laws


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Showing 1 to 15 of 66570 Records

    2014 (7) TMI 1005 - ALLAHABAD HIGH COURT

    M/s. Phoenix Lamps India Ltd. Versus Commissioner of Income Tax

    Interest earned on Short term deposits – Security for obtaining letters of credit – Nature of expenses – Capital receipt or not - Whether the interest earned on the short term deposits (FDRs) made for the purpose of providing security for obtaining t ......

    2014 (7) TMI 1004 - ALLAHABAD HIGH COURT

    Uttar Pradesh Carbon and Chemicals Ltd. Versus Tax Recovery Officer-VI, Kanpur And Others

    Notice u/s 226(3) – Amount due from garnishee as tax arrears – Held that:- The Tax Recovery Officer had issued a notice dated 17.3.2008 treating the assessee to be an assessee in default on account of non-payment of the amount as per the notice u/s 2 ......

    2014 (7) TMI 1003 - DELHI HIGH COURT

    Commissioner of Income Tax-IV Versus Hotz Industries Ltd.

    Revision u/s 263 - Disallowance u/s 14A – Held that:- Without pronouncing whether the figures given by the assessee were incorrect, the Commissioner recorded that this required verification from the records - This is impermissible and cannot be allow ......

    2014 (7) TMI 1002 - DELHI HIGH COURT

    Commissioner Of Income Tax Versus Sharda Kochhar

    Taxability u/s 45(5)(b) – Transfer of capital asset - Held that:- Section 45(5) is inserted to provide for taxation of additional compensation in the year of receipt instead of in the year of transfer of the capital asset - additional compensation is ......

    2014 (7) TMI 1001 - GUJARAT HIGH COURT

    Commissioner of Income Tax Versus Jayant Extraction Industries

    Allowability of depreciation on enhanced value – Approval of DCIT before application of Explanation 3 of section 43(1) –Held that:- Tribunal has not considered the issue with respect to depreciation on enhanced value to the successor firm and not wri ......

    2014 (7) TMI 1000 - BOMBAY HIGH COURT

    Commissioner of Income Tax-16 Versus Jayendra H. Shah

    Deduction u/s 80IA – Manufacturing unit set up at Daman - Whether cutting and polishing of Diamond is not a manufacturing activity or not – Held that:- The assessee gave the details as to how the silver was acquired by him - assessee had carried on a ......

    2014 (7) TMI 999 - BOMBAY HIGH COURT

    The Commissioner of Income Tax-2 Versus M/s. Larsen And Toubro Ltd.

    Imposition of penalty u/s 271(1)(c) – Held that:- Merely because the Assessee raised a claim which was eventually disallowed, does not mean that ingredients of clause(c) are satisfied or fulfilled so as to justify imposition of penalty - Tribunal fol ......


    M/s. Arjundas Rajkumar And Others Versus Commissioner of Income-tax, Hyderabad

    Existence of partnership firm - Nature of the firm and legal consequences flowing from it - Intention to carry on business - Whether the firm was only a nominal entity - Held that:- The firm is brought into existence through a registered document and ......

    2014 (7) TMI 997 - BOMBAY HIGH COURT

    The Commissioner of Income Tax-2 Versus M/s. Lord Krishna Bank Ltd. (Now Merged With HDFC Bank Ltd.)

    Exemption u/s 10(23G) - precondition for issuing bonds introduced by Finance Act, 1997, w.e.f.01.04.1998 - applicability of such preconditions on purchase of bond which were isued as on 18.2.1998 - Held that:- Once the bonds which had been issued, in ......

    2014 (7) TMI 996 - ITAT AHMEDABAD

    Bhagwati Spherocast Pvt. Ltd. Versus The ACIT, Range-1, Ahmedabad

    Computation of disallowance u/s 14A r.w. Rule 8D – Tax free income from dividend – Held that:- Assessee had earned tax free income in the form of dividend - assessee has submitted that the interest free funds available with the Assessee are in excess ......

    2014 (7) TMI 995 - ITAT JODHPUR

    The Income Tax Officer Versus Shri Rama Gameti S/o- Shri Moti Lal Bheel

    Assessment of income from sale of land – Benami property - Held that:- The AO made the addition in the hands of the assessee on protective basis - CIT(A) directed the AO to treat it in the hands of the assessee on substantive basis on the basis of th ......

    2014 (7) TMI 994 - ITAT AMRITSAR


    Rejection of expenses on obtention of Keyman Insurance Policy – Redemption amount already offered for taxation – investment plans with accompanying insurance benefits - AO was of the view that the assessee has invested in Unit Linked Insurance Plan u ......

    2014 (7) TMI 993 - ITAT HYDERABAD

    DCIT Versus M/s NMDC LTD

    Reopening of assessment – No tangible material to suggest escapement of income – Held that:- AO has got the reports from the news papers and then AO also mentioned in the assessment order the steps taken for obtaining the information from Lokayukta, ......

    2014 (7) TMI 992 - ITAT DELHI

    Assistant Commissioner of Income-tax Versus Karan Thapar

    Family pension received from UK – Pension received from the employer of deceased wife covered under Article 23(1) of Indo-UK DTAA or not - The "pension" is received from the ex-employer by the assessee in his life time while "family pension" is recei ......

    2014 (7) TMI 991 - ITAT DELHI

    DCIT Circle 49 (1), New Delhi Versus Delhi Transco Ltd.

    TDS deduction u/s 194(J) on wheeling charges paid for transmission of electricity - Whether the present arrangement under the Bulk Power Transmission Agreement can be termed can be covered by the scope of expression any other agreement or arrangement ......

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