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EXCISE DUTY Reverse Charge Mechanism interest on partners capital Section 51 of income tax Collection of Interest on delay payment from customer Mistake - Tds deposited in wrong tan stock transfer process Unsecured loan DVT and CST for unregistered dealer Capital goods removed after 10 years

Income Tax Case Laws - Section: 145


Income Tax

Cases for Section: 145
Showing 1 to 15 of 1600 Records

2014 (7) TMI 1060 - ITAT MUMBAI

DCIT 18(3), Mumbai Versus M/s. Vijay Sales

Accrual of income Commission received - Year in which taxable - Credit notes were generated in later year - Held that:- The amount received by the assessee was not normal business discount- it was sales-performance based incentives given by the sup ......

2014 (7) TMI 1054 - ITAT MUMBAI

Mrs. Pratima H. Mehta Versus Asstt. Commissioner of Income Tax

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 1028 - ITAT DELHI


Rejection of books of accounts Held that:- The shareholders of the company appointed new auditors who submitted audit report on 01.09.2009 and the assessment was completed on 31.12.2010 without considering the same - it is mandatory to file return ......

2014 (7) TMI 987 - ITAT AHMEDABAD


Accrual of income / cash system of accounting - difference between income booked and as per TDS certificate - Suppression receipt Held that:- CIT(A) was rightly of the view that it has been certified by the tax auditors that the assessee was having ......

2014 (7) TMI 963 - ITAT LUCKNOW

M/s. Alliance Nirmaan Limited Versus Addl. CIT., 253, Bareilly

Application of section 145(3) Correctness and completeness of accounts Held that:- CIT(A) rightly was of the view that as per the observation of the AO in the assessment order, it is noted that no specific defect was detected by the AO in the boo ......

2014 (7) TMI 868 - ITAT MUMBAI

SK. Sajdeh & Sons Pvt. Ltd. Versus Income Tax Officer

Valuation of stock and trading addition u/s 145 - Held that:- The basic contention raised before the CIT(A) that the books of account regularly maintained by the assessee and duly audited by the auditors were not rejected by the AO by pointing out an ......

2014 (7) TMI 860 - ITAT MUMBAI

Ms. Geeta Prabhudas Pawani Versus Income Tax Officer

Quantum appeal set aside - Penalty u/s 271(1)(c) - Liquidated damages not declared Held that:- The Tribunal in earlier assessment year held that liquidated damages had not accrued to the assessee - assessee contended that the addition no longer sub ......

2014 (7) TMI 855 - ITAT LUCKNOW


Estimation of net profit from business of truck plying and transport commission Proper verifications not made by AO - Held that:- The assessee has initially adopted the figure of turnover shown in the TDS certificate, but during the course of asses ......

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 ......

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