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Franchise fee Service tax RCM Excise Duty Applicable reconcile er1 returns with trial balance/balancesheet Sale of Machinery by SEZ Unit to EOU Two companies in different states c form issued with purchase value excluding cst2% tax amt input tax credit vat annual return filling Import license for restricted items

Income Tax Case Laws - Section: 145A


Income Tax

Cases for Section: 145A
Showing 1 to 15 of 154 Records

2014 (4) TMI 779 - ITAT DELHI

Lloyd Insulations (India) Ltd. Versus Addl. Commissioner of Income Tax

Deletion on account of difference between income appearing in the TDS certificates and income offered for taxation Held that:- If a particular amount as per TDS certificate has been availed against which no corresponding income is shown, then the c ......

2014 (4) TMI 695 - ITAT MUMBAI

M/s. PJL Clothing (India) Ltd. Versus ADCIT, Range-7(1), Mumbai

Valuation of stock - Addition made on account of suppression of value of stock Held that:- Scrutiny assessment was framed u/s a43(3) wherein the assessee company has accepted the reworking of opening/closing stock at average cost and accepted the a ......

2014 (4) TMI 469 - ITAT DELHI

ACIT, Circle 33 (1), New Delhi Versus M/s. Lahore Watch House

Addition on valuation of stock and excess cash by A.O. - Margin of profit @ 27% was reduced from value of stock - Held that:- Inventory was made at MRP during survey operation - After making adjustment @ 27%, actual difference in stock worked out at ......

2014 (4) TMI 390 - ITAT HYDERABAD

Smt. Bhavana A Shah, Hyderabad Versus The ACIT, Circle 5(1), Hyderabad

Difference in valuation of stock Held that:- The assessee explained the difference of stock and the difference was on account of stock being valued at MRP instead of at cost - the assessee also produced the purchase bills and invoices - Considering ......

2014 (4) TMI 386 - ITAT HYDERABAD

M/s. Deccan Builders & Developers P. Ltd. Versus ITO, Company Ward 1 (1), Hyderabad

Valuation of opening stock Ascertainment of cost of sale Held that:- The total area supposed to have been sold by the assessee comes to 78,322 sq. ft. in the project, assessee could furnish total area sold only up to 64,998 sq. ft. and the area s ......

2014 (4) TMI 70 - ITAT CHENNAI

M/s Indian Bank Versus The Jt. Commissioner of Income Tax/Dy. Commissioner of Income Tax/Asst. Commissioner of Income Tax

Reopening of Assessment Whether, reopening of assessment of assessee u/s 147 justified when CIT (Appeals) had not adjudicated grounds relating to reopening - Held that:- CIT(Appeals) was duty-bound to adjudicate on each and every ground raised by a ......

2014 (3) TMI 693 - ITAT AHMEDABAD

Permionics (I) Ltd. Versus ITO, Ward-4(2), Baroda

Confirmation of notional addition Excise duty added in the value of the closing stock of finished goods Held that:- The decision of English Electric Co. India Ltd. [1999 (2) TMI 24 - MADRAS High Court] followed a liability cannot be converted i ......

2014 (3) TMI 682 - ITAT HYDERABAD

NMDC Ltd., Hyderabad. Versus Joint Commissioner of Income-tax

Disallowance of mine closure obligation Expenses accrued bases on the quantity extracted - Whether the CIT(A) has erred in disallowing the mine closure obligation to the extent relating to the project under construction or not having any production ......

2014 (3) TMI 464 - ITAT KOLKATA

Assistant Commissioner of Income-tax Versus M/s. Singhania & Sons Pvt. Ltd.

Deletion on account of shortage of stock Failure to make satisfactory explanation Held that:- The findings of the CIT(A) upheld CIT(A) was of the view that there cannot be a straight jacket formula in case of such type of materials for determin ......

2014 (3) TMI 403 - ITAT MUMBAI

Stanley Black and Decker India Limited (formerly known as Bajaj Ventures Limited) Versus Dy. Commissioner of Income Tax

Disallowance of provision for outstanding expenses Held that:- The CIT was of the view that the assessee has restricted the disallowance on the ground that the assessee has made payment before finalization of books of account but for the amount of ......

2014 (3) TMI 333 - ITAT MUMBAI

Dy. CIT, Range-9(1), Mumbai Versus Daman Ganga Paper Ltd.

Non-inclusion of demurrage charges Valuation of closing stock Charges to be included as an element of cost u/s 145A of the Act or not Held that:- The AO having adopted the same method of valuation for the closing stock, i.e., as for the opening ......

2014 (2) TMI 1023 - ITAT MUMBAI

Essel Propack Ltd. (Formerly Essel Packaging Ltd.) Versus Addl. Commissioner of Income Tax

Disallowance u/s 14A of the Act r.w. Rule 8D of the Rules Held that:- The decision in Godrej & Boyce Mfg. Co. Ltd. v/s DCIT [2010 (8) TMI 77 - BOMBAY HIGH COURT] followed rule 8D is not applicable prior to the assessment year 200809 thus, the ......



Deduction u/s 80HHC of the Act - Whether the Tribunal was right in law in holding that the components of sales tax and central excise do not form part of the sale proceeds for the purpose of Section 80HHC of the Act despite insertion of Section 145A ......

2014 (1) TMI 894 - ITAT MUMBAI


Revision u/s 263 of the Act - Wrong set off of short term capital loss against business income Held that:- If in a given year, the mistake committed by the Assessing Officer is such which results into the reduction of the total income, the assessme ......

2014 (1) TMI 885 - ITAT MUMBAI


Penalty u/s 271(1)(c) of the Act - Disallowance u/s 145A - Disallowance of reserve for cash discount - Held that:- The quantum order has set aside by the Tribunal and the matter has been remitted back to the file of the AO - the penalty proceedings w ......

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