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Income Tax Case Laws - Section: 145A


Income Tax

Cases for Section: 145A

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Showing 1 to 15 of 179 Records

2014 (11) TMI 550 - ITAT MUMBAI

M/s. Castrol India Limited Versus DCIT-Range-8(3), Mumbai

Eligibility for deduction u/s 80IB – Different nature of income – Held that:- Following the decision in M/s. Castrol India Ltd. Versus Addl. Commissioner of Income-tax [2014 (1) TMI 78 - ITAT MUMBAI] the provisions of section 80IB are code by themsel ......

2014 (10) TMI 658 - ITAT JAIPUR

The ACIT Circle- 2, Ajmer Versus M/s. Shree Cement Ltd.

Classification of expenses – Capital or revenue expenses - expenses on conversion of WBM Road into Concrete Road – Held that:- The road is provided for enduring benefit to assessee Expenditure incurred on repair of roads by appellant is revenue expen ......


Commissioner of Income Tax, Faridabad Versus M/s. Lakhani India Limited, Faridabad

Undervaluation of stock - Whether the Tribunal was right in deleting the disallowance made by the AO on account of under valuation of stock even when the entry tax levied was includible in the closing stock of the assessee as per the provisions of Se ......



Rejection of books of accounts u/s 145(3) – Adoption of GP @ 20% against 40% - Held that:- The assessee had suppressed sales and had also suppressed the expenses - once the books of accounts of the assessee are rejected, a fair estimate of the profit ......

2014 (9) TMI 323 - DELHI HIGH COURT

Commissioner of Income Tax (C) -III Versus SVP Industries Ltd.

Addition of closing stock of finished goods - Whether the Tribunal was right in holding that no addition could be made in excess in the value of closing stock of finished goods made originally by the AO – Held that:- Revenue did not contend that MODV ......

2014 (9) TMI 271 - DELHI HIGH COURT

Commissioner of Income Tax-II Versus M/s. Lakshmi Sugar Mills Co. Limited

Allowability of excise duty u/s 43B r.w. section 145A - valuation of closing stock - Duty shown as payable but not paid to be allowed as expenditure or not – Held that:- The manufactured sugar was lying in stock and the same were not cleared from the ......

2014 (9) TMI 165 - ITAT MUMBAI

Rich Graviss Products P Ltd. Versus The Addl. Commissioner of Income tax

Nature of expenses capital or not u/s 37(1) - Professional fees disallowed u/s 40(a)(i) – TDS not deducted on payment made to Non-resident – Held that:- The payment was made to the M/s RPC, a USA company for providing marketing and sale support to pr ......

2014 (9) TMI 159 - ITAT AHMEDABAD


Unexplained secured loans – Claim of interest disallowed – Held that:- The primary onus is on the assessee to conclusively prove the source of the sum of money found credited in the books of accounts of the assessee - the AO had asked the assessee ti ......

2014 (8) TMI 842 - ITAT MUMBAI

Asstt. Commissioner of Income Tax-4(2) Versus M/s. Hindustan Organics Chemicals Ltd.

Bond issue expenses incurred for raising capital – Held that:- The matter has been decided by the High Court in assessee’s own case for the earlier assessment year in the judgment of Commissioner of Income Tax-4 Versus M/s. Hindustan Organics Chemica ......


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 426 - ITAT MUMBAI

CEAT Limited Versus Add. CIT, Range 6(2), Mumbai

Foreign Travel Expenses - Expenditure incurred for non-business purpose – Held that:- On hearing both the parties and on perusal of the relevant material, it would be reasonable to remand the issue to the file of the AO to examine the same and to tak ......

2014 (7) TMI 342 - ITAT AHMEDABAD

M/s. Priyanka Developers Pvt. Ltd. Versus DCIT, Circle-1, Surat

Reopening of assessment u/s 147/148 of the Act - Valuation of closing stock u/s 145A of the Act - Unutilized CENVAT credit – Held that:- No evidence of reversal before Excise Authority has been filed even during the Appellate proceedings - there has ......

2014 (7) TMI 331 - ITAT AHMEDABAD

The ITO., Ward-2(3), Bhavnagar Versus M/s. Ganga Industries

Valuation of closing stock - Addition of unutilized CENVAT credit – Contravention to Sec. 145A of the Act - Method of accounting – Held that:- CIT(A) while granting partial relief to Assessee has noted that Assessee was following inclusive method of ......

2014 (7) TMI 210 - ITAT MUMBAI

M/s. Vandana Global Limited Versus ADCIT, Range-4(3), Mumbai

Valuation of purchases and sales of goods and inventory – Increase in value of closing stock – Balance under CENVAT account added - Held that:- The decision in COMMISSIONER OF INCOME-TAX Versus MAHALAXMI GLASS WORKS P. LTD. [2009 (4) TMI 182 - BOMBAY ......

2014 (6) TMI 743 - ITAT AHMEDABAD

The ACIT, (OSD) -1, Circle-4, Ahmedabad Versus Jagdish Aluminium Pvt. Ltd.

Valuation of closing stock - unutilized CENVAT credit – Provisions of section 145A of the Act not properly appreciated – Held that:- CIT(A) while deleting the addition has given a finding that Assessee was following exclusive method of excise duty an ......



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