2012 (10) TMI 175 - ITAT MUMBAI
M/s. Mahindra & Mahindra Financial Services Ltd. Versus The DCIT, Cir 6(3), Mumbai
Depreciation on leased assets - Finance lease vs Operating lease - Held that:- As decided in IndusInd Bank Limited Versus ACIT (2012 (3) TMI 212 - ITAT MUMBAI) it is a simple case of advancing of loan by the assessee to the lessee and the so called l ......
2012 (10) TMI 116 - ITAT AGRA
Hardayal Charitable and Educational Trust Versus Commissioner of Income-tax-II, Agra
Registration u/s 12AA and Approval u/s 80 G - the purpose of promotion of family business and with profit motive - Held that:- As decided by in case of [Commissioner of Income-tax Versus Red Rose School 2007 (2) TMI 575 - ALLAHABAD HIGH COURT ] reg ......
2012 (9) TMI 760 - ITAT DELHI
Navuthan Educational Trust, C/o Rakesh Raj & Associates Versus CIT, Faridabad.
Denial of registration u/s 12AA - original trust deed was modified - Held that:- CIT has held that those supplementary trust deed submitted by assessee are not in accordance with the provisions of Indian Trust Act 1882 and judicial decision but has n ......
2012 (9) TMI 723 - ITAT MUMBAI
Shelter Foundation Versus Director of Income-Tax (Exemption), Mumbai
Rejection of application for grant of certificate u/s 80G on ground that applicant trust has not carried out any charitable activities during the last three years and has not incurred any expenditure on the same - contravention of the benevolent prov ......
2012 (9) TMI 515 - DELHI HIGH COURT
COMMISSIONER OF INCOME TAX Versus BHARAT HEAVY ELECTRICAL LIMITED
Contingent liability - Disallowance claim of deduction for wage revision - ITAT allowed it - Held that:- Relying on the decision of Bharat Earth Movers Versus Commissioner of Income-Tax [2000 (8) TMI 4 - SUPREME COURT ] in this case, the Tribunal ha ......
2012 (9) TMI 426 - KARNATAKA HIGH COURT
Karunya Rural Health Care Society Versus Director of Income-tax (Exemptions), Trust Circle
Refusal to extend/continuance of Certificate of Registration under Section 80G of the Income Tax Act – alleged that on verification of the books of account, bills and vouchers produced, discrepancies were noticed – Held that:- main object should be c ......
2012 (9) TMI 34 - ITAT, MUMBAI
Assistant Commissioner of Income Tax, Circle-1, Versus Shri Bella Matha Sivaraj
Addition made during assessment u/s 143(3) of amount surrendered by assessee in respect of unexplained stock and cash during the survey - Revenue contended that assessee must honour his surrender - Held that:- It is assessee’s contention that closing ......
2012 (8) TMI 553 - ITAT, HYDERABAD
Avadhana Saraswati Peetham, Versus Director of Income-tax (Exemption) Hyderabad
Exemption u/s 80G - refusal on account of expenditure on religious activities, expenditure incurred on jewellery meant for dressing up of Goddess, engagement in business activities - alleged violation of section 13 by giving Trust premises on rent to ......
2012 (8) TMI 524 - ITAT MUMBAI
Assistant Director of Income-tax (Exemption), 1(1) Versus Sri Sri Radha Damodar Charitable Trust
Exemption u/s 11 - charitable Trust established with the objects for providing relief to the poor, promotion of vegetarianism, distribution of Prasad, and advancement of any other objective in furtherance of ethical and philosophical principles of Kr ......
2012 (8) TMI 448 - ITAT, CHENNAI
M/s. Jesus Leads Trust for Charitable Service, Versus The Commissioner of Income Tax-1, Madurai.
Rejection of registration under section 12AA - the activities of the trust are partly religious and partly charitable - Held that:- Section 12AA does not make any difference between the Trusts created with the object of Charitable and religious purpo ......
2012 (8) TMI 390 - ITAT, MUMBAI
Sanmarg Parivar Trust, C/o Shantilal H. Mehta, Versus Director of Income Tax (E),
Renewal of certificate u/s 80G - refusal on ground that applicant trust had not carried out any charitable activities in the last three years and had not incurred any expenditure - trust came into existence vide Trust Deed dated 17-11-1997 - this was ......
2012 (8) TMI 258 - ITAT DELHI
Unison Hotels Ltd. Versus Deputy Commissioner of Income-tax, Circle 18(1), New Delhi
Penalty notice u/s 271(1)(c) - Deduction u/s 80G – since the return was loss return claim was made u/s 37(1)– Held that:- Since there was loss as per returned income, deduction under section 80G was not admissible - assessee did not explain to the In ......
2012 (8) TMI 85 - ITAT, Jaipur
DEPUTY COMMISSIONER OF INCOME TAX Versus RAJASTHAN STATE MINES & MINERALS LTD
Whether compensation paid to the land owners for using their land for extraction of Gypsum; mining being part of the assessee’s trade, as revenue expenditure – Held that:- Nature of loss in the hands of the payee would be of little consequence in det ......
2012 (7) TMI 699 - ITAT, Hyderabad
M/s IMERYS CERAMICS (INDIA) PVT LTD Versus ASSTT COMMISSIONER OF INCOME TAX
Validity of initiation of re-assessment proceedings u/s. 147 - allowance of excess deduction u/s. 80IB(5) - Held that:- As the assessment was reopened on noticing that excess deduction to u/s. 80IB(5) was granted to the assessee. This re-opening of a ......
2012 (7) TMI 561 - DELHI HIGH COURT
MAHAVIRA FOUNDATION Versus DIRECTOR GENERAL OF INCOME TAX
Denial to grant approval u/s 10(23C)(vi) - petitioner is a society registered under the Societies Registration Act - Held that:- As the petitioner has been approved in the past for the purposes of Section 10(23C)(vi) and it has also been approved for ......