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Cenvat Credit INTEREST PAYMENT ON SUPPLEMENTARY INVOICE RAISED Supplementary invoice issued under which rule Export to bhutan E1 form amount Home Loan interest Perquisites Section 51 of income tax SAILED ON DATE CERTIFICATE OR MATE RECEIPT Requirement CST on Air Freight

Income Tax Case Laws - Section: 145


Income Tax

Cases for Section: 145
Showing 1 to 15 of 1592 Records

2014 (7) TMI 836 - ITAT MUMBAI

Hitesh S. Mehta Versus DCIT CC 23, Mumbai

Rejection of books of accounts - Principles of natural justice – Held that:- The matter should go back to the file of the AO to pass a fresh order, for rejecting the books of account, the AO has not given any valid reasons as no specific defect has b ......

2014 (7) TMI 819 - ITAT AHMEDABAD

Dy. Commissioner of Income-Tax Versus M/s. M. Kantilal Exports

Restriction of labour charges – Held that:- A reasonable rate should have been applied by CIT(A) - it would be fair and reasonable to allow labour charges @ ₹ 270 per carat, instead of ₹ 300 per carat as claimed by the assessee - to settl ......

2014 (7) TMI 805 - ITAT HYDERABAD

M/s. Sujana Towers Ltd. Versus Asst. Commissioner of Income-tax

Estimation of the income from business – Non-allowance of depreciation – Held that:- The assessee contended that the rate of 1% adopted by the CIT(A) for estimation of income of the assessee is on the higher side, since adoption of a rate of 0.5% wou ......


Shyam Bidi Works Versus The Commissioner of Income Tax

Validity of order - Rejection of books of account – Held htat:- The business operation of the assessee is the same for the AY as compared with the previous AYs - profits estimated in the previous years is a safe guide for estimation of the profits fo ......


M/s. Coromandel Cements Ltd. Versus Commissioner of Income-tax

Prior period expenditure - accounting policy - increase in tariff - Deduction on power tariff – Accrual of liability – Held that:- All income and expenditure are accounted on accrual basis except for provision made for power tariff – assessee was equ ......

2014 (7) TMI 724 - BOMBAY HIGH COURT

Commissioner of Income Tax-2 Versus HDFC Bank Ltd.

Power of revision u/s 263 – Deduction on depreciation in the value of investments – Held that:- A method of accounting adopted by the taxpayer consistently and regularly cannot be discarded by the revenue on the view that he should have adopted a dif ......

2014 (7) TMI 639 - ITAT HYDERABAD

Tecumseh Products India (P.) Ltd. Versus Assistant Commissioner of Income-tax

Validity of revised return - Whether Assessees return filed along with TP report is to be considered or not – Held that:- with the original return, assessee failed to include statutorily prescribed TP documentation and Assessee declared the value of ......

2014 (7) TMI 512 - ITAT AHMEDABAD


Disallowance u/s 40(a)(ia) of the Act – TDS provision u/s 194C of the Act not complied – Held that:- The AO disallowed expenses out of the total expenses claimed by the assessee under the head ‘shipping and forwarding expenses’ on the ground that th ......

2014 (7) TMI 508 - ITAT MUMBAI

Asst. CIT-16(2), Mumbai Versus Maneck E. Davar

Rejection of books of account – Fall in the gross profit not explained – Held that:- The initial onus to explain and substantiate its accounts, which is only its’ evidence in support of its return of income (ROI), is on the assessee - It is not that ......

2014 (7) TMI 421 - ITAT MUMBAI

Rakesh Pravin Gandhi Versus Assistant Commissioner of Income Tax

Accrual of interest income – interest was not received - doubt on receipt of income in future - Held that:- the assessee did not produce any document to show that there existed the circumstances at least by the due date for filing return of income, w ......

2014 (7) TMI 372 - ITAT MUMBAI

M/s. Mangal Singh Brothers Private Limited Versus ADCIT, Range-5(2), Mumbai

Rejection of books of accounts – Rate of NP @ 15% in place of 11.39% - Held that:- After pinpointing incompleteness of books and certain defects in the books of accounts and also making observation with regard to the deposit and withdrawal of cash in ......

2014 (7) TMI 300 - ITAT HYDERABAD

Asst. Commissioner of Income-tax Versus M/s. Sri Sai Builders, Nellore

Validity of reassessment u/s 147 of the Act – Valuation of closing stock - Held that:- on perusal of the order of CIT(A) itself it becomes clear that the assessee has raised a specific ground with regard to validity of proceeding u/s 148 of the Act. ......

2014 (7) TMI 259 - ITAT KOLKATA


Amount debited to P&L A/c as overdue interest reserve – Held that:- The assesee had rightly contended that the assessee followed the regular system of accounting - the assessee has made the provision following the RBI guidelines - the assessee referr ......

2014 (7) TMI 245 - ITAT HYDERABAD

M/s. Abhishek Transtel Limited (Formerly Known as M/s. Abhishek Steels Ltd.) Versus DCIT, Circle 1(1) Hyderabad.

Proceedings u/s 263 of the Act - Condonation of delay for appeal before CIT(A) – Delay of 771 days – Assessee contended that the appeal could not be filed in time as the papers had been misplaced by one of the office staff and the same could be trace ......


Commissioner of Income Tax Versus M/s. Swastik Food Products

Deduction u/s 80IB of the Act – Invocation of section 145(3) of the Act – Method of accounting – Held that:- AO can reject the accounts maintained by the assessee if he is not satisfied about their correctness or completeness - the Assessing Officer ......

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