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Income Tax Case Laws


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Showing 1 to 15 of 69800 Records

    2015 (3) TMI 158 - MADRAS HIGH COURT

    M/s. Prasad Productions P. Ltd. Versus The Deputy Commissioner of Income Tax

    Entitlement to deduction u/s 80IA in respect of the windmill unit denied - Held that:- As all the business undertakings are wind mills and they have claimed the benefit of deduction under Section 80IA of the Income Tax Act for the assessment years in ......

    2015 (3) TMI 157 - ALLAHABAD HIGH COURT

    Commissioner of Income Tax Versus Union of India And Others

    Settlement Commission order - immunity to the assessee from prosecution and penalty under the Act and directing payment of tax alongwith interest within 35 days - CIT(A) challenging order on the ground that without any hearing, without looking to the ......

    2015 (3) TMI 156 - DELHI HIGH COURT

    Commissioner of Income Tax Versus Nishi Mehra, Arun Mehra, Sushil Mehra, Subhash Mehra, Surbhi Mehra, Manju Mehra

    Scope, power and jurisdiction of AO in block assessment proceedings and the term “undisclosed income - AO concluded a comparison between declared value and the value determined by the DVO disclosed serious discrepancy and added the difference and bro ......

    2015 (3) TMI 155 - DELHI HIGH COURT

    Joint Investments Pvt Ltd Versus Commissioner of Income Tax

    Disallowance under Section 14A read with Rule 8D - assessee volunteered ₹ 2,97,440/- as attributable under Section 14A for the purpose of disallowance - AO on the basis of his own understanding of Rule 8D of the Income Tax Rules disallowed the ......

    2015 (3) TMI 154 - MADRAS HIGH COURT

    Commissioner of Income Tax Versus M/s. Thiru Arooran Sugars Ltd.

    Application for rectification under Section 254 - whether Tribunal was right in holding that the application for rectification under Section 254, filed well within time becomes infructuous if the Tribunal takes it up for hearing only after the lapse ......


    Commissioner of Income Tax-2 Versus M/s. M. Venkateswara Rao & Others

    Unaccounted cash credit - contributions made by as many as 10 partners - Held that:- If there are cash credits in the books of a firm in the accounts of the individual partners and it is found as a fact that cash was received by the firm from its par ......

    2015 (3) TMI 152 - DELHI HIGH COURT

    Commissioner of Income Tax-8 (Erstwhile CIT-III) Versus M/s. Indian Iron & Steel Co. Ltd.

    Reassessment proceedings - ITAT confirmed CIT(A) decision cancelling the reassessment proceedings - Held that:- It is evident that the self same reasons which were the basis for proceedings under Sections 147/148 of the Act, were also the foundation ......

    2015 (3) TMI 151 - ITAT PUNE

    Approva Systems Pvt. Ltd. Versus CIT(A) -IT/TP and DCIT, Circle-1(1), Pune

    Deduction u/s.10B denied - the approval granted by the Software Technology Park of India (STPI) to the Bopodi unit of the Appellant is not ratified by the Board of Approval constituted u/s.14 of the Industrial Development Regulation Act - alternate c ......

    2015 (3) TMI 150 - ITAT DELHI

    Louis Dreyfus Armateures SAS Versus ADIT Internatioinal Taxation,

    Applicability of section 44BB denied - assessee has offered the revenues from leasing of vessels namely CGG Fohn and CGG Harmattan to M/s CGG Services for carrying out the seismic operations offshore India - AO took the view that the equipment renta ......

    2015 (3) TMI 149 - ITAT MUMBAI

    M/s. Auro Gold Jewellery P. Ltd. Versus Asst. CIT Central Cir. -33 & DCIT Central Circle-33 Versus. M/s. Auro Gold Jewellery P. Ltd.,

    Unaccounted purchases of gold bars and unexplained cash - AO formed the view from the excel sheets found during the course of search that the gold bars and cash shown in the blocks in the excel sheets, was the sale consideration received in exchange ......

    2015 (3) TMI 148 - ITAT MUMBAI

    ADIT (IT) -3(2), Mumbai Versus M/s Mediterranean Shipping Company SA., C/o MSC Agency (India) Pvt. Ltd.,

    Benefit of Article 22 of Indo-Swiss treaty.- taxability of the profits from the operation of ships in international traffic earned by the assessee in India - Only Article 22 is applicable for shipping business and no income of the assessee is taxabl ......

    2015 (3) TMI 147 - ITAT DELHI

    M/s SBS Marine Ltd. Versus. Addl. Director of Income-tax

    Applicability of provisions of section 44BB - income arising to the appellant from rendering of marine logistic services - DRP/AO assessing the income earned by the appellant as fees for technical services/royalty as per the provisions of section 9(1 ......

    2015 (3) TMI 146 - ITAT AHMEDABAD

    Jagdishbhai Gadhiya Versus The Income Tax Officer Ward-3(2) Surat

    Short term capital gain - compulsory acquisition of agricultural land - Held that:- Both the authorities below have misdirected themselves in reaching to the conclusion that the land acquired by the GIDC is a capital asset in view of the fact that th ......

    2015 (3) TMI 145 - ITAT HYDERABAD

    ACIT, Circle 9(1), Hyderabad, The Advocates Mutually Aided Coop Society Versus The Advocates Mutually Aided Coop Society, ACIT, Circle 9(1), Hyderabad

    Deduction u/s 80P(a)(i) disallowed to the assessee - as per AO assessee was mobilizing funds for deposits and doing normal banking business and therefore deduction under section 80P(a)(i) should not be allowed to the assessee - Held that:- A.O. misdi ......

    2015 (3) TMI 144 - ITAT MUMBAI

    M/s. UK. Builders Versus Asstt. Commissioner of Income Tax – Central Circle -2, Thane

    Disallowance of claim of deduction u/s 80IB(10) - deduction declined by the A.O. on the plea that housing project of assessee was approved by the Local Authority as “residential as well as commercial project” and not as “Housing Project”, also assess ......



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