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Income Tax Case Laws


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Showing 1 to 15 of 69780 Records

    2015 (3) TMI 111 - ITAT PUNE

    Varroc Engineering Pvt. Ltd Versus The Asst. Commissioner of Income Tax Circle – 1, Aurangabad

    Transfer pricing adjustment - computation of ALP - DRP considering Interest Receivable from AE Company at ₹ 28,627,089/- instead of ₹ 29,182,060/- (as per 3CEB) - Held that:- Where the assessee had entered into a transaction with its asso ......

    2015 (3) TMI 110 - DELHI HIGH COURT

    CIT Versus Engineers India Ltd.

    Entitlement to interest under Section 244A on refund - excess self-assessment tax paid under Section 140A - Held that:- There cannot be a general rule that whenever a refund of income tax paid in excess is to be made, the Revenue must necessarily pay ......

    2015 (3) TMI 109 - BOMABAY

    Commissioner of Income TaxIII Versus Amravati District Central Cooperative Bank Ltd

    Entitlement to deduction u/s 80P(2)(a) - commission earned on electricity bill - Held that:- The facility of collection of bills provided by the bank is found to qualify as banking activity and the commission has been thus allowed to be deducted unde ......

    2015 (3) TMI 108 - DELHI HIGH COURT


    Remitting the matter to higher forum for decision on merits - Remand of matter to the (AO) for reconsideration - whether the matter is to be remitted to the ITAT rather than to the AO? - Held that:- The DRP’s determination in these circumstances, co ......

    2015 (3) TMI 107 - DELHI HIGH COURT


    Determination of value of property - under valuation of the property as held by AO - ITAT upholding the assessee’s contention that the value determined by the Assessing Officer (AO) in respect of the property was unsustainable - Held that:- ITAT took ......

    2015 (3) TMI 106 - ALLAHABAD HIGH COURT

    Commissioner Income Tax & Another Versus M/s. Dhampur Sugar Mills Pvt. Ltd.

    Undervaluation of the closing stock - Tribunal upholding the order of the CIT(A) in deleting the addition - Held that:- As relying on assessee's own case [2013 (10) TMI 16 - ALLAHABAD HIGH COURT] wherein held that the changed method of accounting ......

    2015 (3) TMI 105 - BOMBAY HIGH COURT

    Vinod K. Bhagat Versus Tax Recovery Officer And Others

    Attachment of assessee's property and bank accounts - tax dues payable by the petitioner's late father - non consideration of appeal by Jurisdictional Commissioner - Held that:- The delay in the Jurisdictional Commissioner of Income Tax takin ......

    2015 (3) TMI 104 - MADRAS HIGH COURT

    M/s. Panasonic India Pvt. Ltd. Versus The Chief Commissioner of Income Tax The Commissioner of Income Tax & The Deputy Commissioner of Income-Tax,

    Attachment orders - demand notice - Held that:- The authority should have considered the legal submissions raised by the petitioner before passing the impugned order. In any event since the matter is sub judice before the appellate forum, the author ......

    2015 (3) TMI 103 - DELHI HIGH COURT


    Contempt of Courts - withdrawal of the affidavit and the allegations - Held that:- Given the nature of the conduct displayed by Sh. Gupta, i.e. preferring an application for intervention which was rejected, thereafter engaging in e-mail communication ......

    2015 (3) TMI 102 - DELHI HIGH COURT

    Commissioner of Income Tax-XIII Versus M/s. Oriental Structural Engineers Private Limited And KMC Construction Pvt. Ltd.

    Diversion of JV receipts - proportion of the project receipts, commensurate with the risks/performance obligations attributed to the assessee JV to whom tender had been awarded for the project - whether it is allowable for the assessee to divert the ......

    2015 (3) TMI 101 - GUJARAT HIGH COURT

    Commissioner of Income Tax, Valsad Versus Sushilaben Ambelal Prajapati

    Unexplained cash deposits in the assessee’s bank account - ITAT deleted the addition - Held that:- the amount lying in the respective account as per the assessee was in fiduciary capacity to be utilized for buying policy of the respective vehicle. No ......

    2015 (3) TMI 100 - ALLAHABAD HIGH COURT

    Rajendra Kumar Gupta, Usha Omer, Anupam Kumar Gupta Versus Commissioner of Income Tax (Central) & Another

    India Development Bonds received from NRI's/Overseas Corporate Bodies as gifts - immunity provided to the bond holder u/s 6 and 7 of the Remittance of Foreign Exchange and Investment in Foreign Exchange Bonds (Immunities and Exemptions) Act, 1991 ......

    2015 (3) TMI 99 - ALLAHABAD HIGH COURT (LB)

    Commissioner Income Tax Versus Muzafar Nagar Development Authority

    Effect of non consideration of the application for registration within the time fixed by Section 12AA(2) - Whether would be deemed grant of registration? - Held that:- As relying of Sheela Christian Charitable case [2013 (3) TMI 268 - MADRAS HIGH COU ......

    2015 (3) TMI 98 - BOMBAY HIGH COURT

    Commissioner of Income Tax-24 Versus Ramesh D. Panchal

    Suppression of sales - aggregate of sales in the annexure produced before the AO did not tally, both in the number of purchasers and the amounts paid as per AO - ITAT deleted addition - Held that:- CIT (A) as well as the Tribunal have concurrently fo ......

    2015 (3) TMI 97 - ALLAHABAD HIGH COURT

    Commissioner of Income Tax –II Versus Har Dayal Singh Kanpur

    Total income reduced below the Returned Total income by ITAT - Held that:- A.O. has estimated the total income at ₹ 10,12,289/-. During the assessment year under consideration, the assessee has shown gross profit @0.5% on the total turn over. ......



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