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Income Tax |
Showing 1 to 15 of 59761 Records |
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Asstt. Commissioner of Income tax Versus Mr. Manish Jain, Prop. BPB Publications Penalty u/s. 271(1)(c) - disallowance u/s. 14A - Held that:- Addition on account of disallowance u/s. 14A amounting to Rs. 8,21,690/-. However, the penalty was imposed on the total disallowance amounting to Rs. 10,38,677/-. Thus, the penalty levied w ...... 2013 (6) TMI 463 - ITAT AHMEDABAD Pinki Mukundbhai Jariwal Versus ACIT, Circle 9, Surat Addition u/s 50C - CIT(A's) applied the rate as per the Stamp Duty u/s 69B - Held that:- No addition u/s.50C can be made in the hands of purchaser. The A.O. had analyzed the circumstance evidences and estimated the price @ 800/sq.mtr. which was reduc ...... 2013 (6) TMI 462 - ITAT AHMEDABAD M/s. Ashish Builders C/o Manish Shah & Asso V/s. I. T. O. Ward-2(3), Baroda Deduction u/s. 80IB(10) disallowed - Held that:- As the assessee had fulfilled all the conditions of Section 80IB(10) and amendment made in Clause (d) as held in case of Mannan Corpn. Vs. ACIT (2012 (9) TMI 700 - Gujarat High Court) is not applicable ...... 2013 (6) TMI 461 - ITAT HYDERABAD Ms. Pushpa Devi Tibrewala Versus Income-tax Officer Jurisdiction power u/s 263 by CIT(A) - doctrine of merger - specific direction to AO to consider the entire sale consideration for determining the long term capital gain in the assessment year under dispute - Held that:- As decided in CIT V/s. Shri A ...... 2013 (6) TMI 460 - ITAT MUMBAI Cinetek Telefilms P. Ltd. Versus ACIT 11(1) Mumbai Disallowance was made u/s 40(a)(ia) - short deduction of TDS - 194C v/s 194I - Held that:- This issue is no more res integra in view of several orders passed by various benches of the Tribunal holding that short-deduction of tax at source cannot lead ...... 2013 (6) TMI 459 - ITAT MUMBAI DCIT, Central Circle-36, Mumbai Versus M/s. Suraksha Realtors Entitlement to deduction u/s 80-IB(10) on interest received - Held that:- There is no dispute about the fact that the interest in question relates to the amounts payable by the flat buyers in connection with the purchase of the flats from the assesse ...... 2013 (6) TMI 458 - ITAT CHENNAI M/s Ford India Pvt. Ltd. Versus The Deputy Commissioner of Income Tax Transfer pricing adjustment - Whether there can be two separate elements comprised in the promotion of the brand for which separate valuation has to be done? - Held that:- The amount on one side of Bright Line, was the amount on AMP expenditure incur ...... 2013 (6) TMI 457 - ITAT CUTTACK The Urban Co-operative Bank Ltd. Versus Assistant Commissioner of Income-tax Entitlement to the deduction u/s. 36(1)(viia) - Held that:- Perusal of order of CIT(A) shows that he has considered the provisions of section 36(1)(viia) as was available at its introduction by the Finance Act, 1979. As the assessee is a co- operativ ...... 2013 (6) TMI 456 - ITAT CHENNAI Tidel Park Limited and others Versus The Additional Commissioner of Income Tax and others Deduction under section 80IA - AO rejected the assessee's claim of deduction by holding that the receipts in question had risen from various rent/lease agreements, they would give rise to income under the head 'house property' instead of 'business' i ...... 2013 (6) TMI 455 - ITAT HYDERABAD DCIT, Central Circle-4, Hyderabad Versus M/s. Kedia Overseas Limited and others Proportional disallowance of interest on advance given to sister concerns - CIT(A) deleted the addition - AY 2004-05 - Held that:- From the material on record it is quite evident that the assessee has not only given advances to its sister concerns bu ...... 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 ...... |
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