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Income Tax Case Laws


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Showing 1 to 15 of 69684 Records

    2015 (2) TMI 996 - GUJARAT HIGH COURT

    Atir Textile Industries Pvt. Ltd. Versus DY. CIT.

    Disallowance of interest u/s 57(iii) - AO observed the transaction as colourable device / tax planning - Held that:- It is an admitted fact that the Revenue has not disbelieved the loan transaction of ₹ 3 crores with the company, namely, Arvind ......

    2015 (2) TMI 995 - KARNATAKA HIGH COURT


    Deduction in respect of income of co-operative societies - Interest earned on short- term deposits - whether were only investment in the course of activity of providing credit facilities to members and that the same cannot be considered as investment ......

    2015 (2) TMI 994 - BOMBAY HIGH COURT

    M/s. Clariant Chemicals India Limited Versus ACIT, 1(1)

    Penalty under section 271(1)(c) - disallowance of capital expenditure of Research and Development - whether the Tribunal was justified in upholding the imposition of penalty pertaining to addition of Research and Development expenditure? - Held that: ......

    2015 (2) TMI 993 - GUJARAT HIGH COURT

    Bhavin Impex Pvt. Ltd. Versus Commissioner of Income Tax And-6

    Rejection of stay application - non recording of reasons - Held that:- As relying on Hitech Outsourcing Services Versus Income Tax Officer [2015 (2) TMI 209 - GUJARAT HIGH COURT] suffice it to observe that when the stay application is to be considere ......

    2015 (2) TMI 992 - BOMBAY HIGH COURT

    The Commissioner of Income Tax 1 Versus M/s. Allana Sons Ltd.

    Deduction u/s 80HHC - AO restricted the claim after adjusting the trading loss to its manufacturing profits and adding of 90% export incentives - CIT issued a notice u/s 263 to held that the respondent is not entitled to claim deduction under Section ......

    2015 (2) TMI 991 - DELHI HIGH COURT

    GEBR Pfeiffer (India) Private Ltd. Versus Commissioner of Income Tax

    Disallowance u/s 14A - assessee/appellant had declared tax free dividend income to the tune of ₹ 2,71,83,864/- - Held that:- The statutory disallowance mandated by Section 14A - the procedure to which - has been subsequently spelt out in Rule ......

    2015 (2) TMI 990 - ITAT DELHI

    ACIT, Co. Cir, -5(1), New Delhi Versus M/s. Kay Kay Royal Apartments Pvt Ltd, M/s Kay Kay Buildworth Pvt Ltd, M/s Kohli Housing And Development Pvt Ltd And Others

    Deemed dividend - assessee had received unsecured loan of ₹ 1,25,00,000 from M/s Kohli Housing & Development Pvt. Ltd. and the fact that both the assessee company and M/s Kohli Housing & Development Pvt. Ltd. have Sh. Sudershan Kohli and Smt. K ......

    2015 (2) TMI 989 - ITAT CHANDIGARH

    The ACIT. Circle VII, and The Income Tax Officer Ludhiana Versus M/s Octave Exports

    Disallowance of deduction under section 80-IC - assessee was not carrying on any manufacturing activity as held by AO - complete procedure was not being carried out in Himachal Pradesh, the assessee was not entitled to the claim of deduction under se ......

    2015 (2) TMI 988 - ITAT BANGALORE

    M/s. ING Vysya Bank Ltd. Versus Asst. Commissioner of Income Tax

    Expenditure on purchase of software disallowed - Held that:- Respectfully following the decisions of the Hon'ble High Court of Karnataka in the case of IBM India Ltd. (2013 (10) TMI 1225 - KARNATAKA HIGH COURT) and the co-ordinate bench of this T ......

    2015 (2) TMI 987 - ITAT DELHI

    Assistant Commissioner of Income Tax Circle-33(1), New Delhi Versus M/s. Vardaan Fashion, Shri Inderpal Singh Wadhawan

    Penalty u/s 271D - violation of provisions of section 269SS - CIT(A) deleted penalty levy - Held that:- The CIT(A) has clearly recorded the finding that there was the business transaction between the assessee firm and M/s Rups Craft Inc. and all the ......

    2015 (2) TMI 986 - ITAT MUMBAI

    DCIT (TDS) -3(1), Mumbai Versus Zee Entertainment Enterprises Ltd.

    Deduction of TAS for purchase of programmes - Demands u/s 201/201(1A) - assessee was either deducting TAS at a lower rate or was not deducting any TAS at all on various payments being made by the assessee - carriage fee /placement fee paid by the ass ......

    2015 (2) TMI 985 - ITAT PUNE

    Dy. CIT, Circle-1, Nashik Versus Shri Prashant Prabhakar Gadkari

    Deduction u/s.37(1) - CIT(A) allowed 50% of the claim - Held that:- From the written submission filed before the CIT(A), we find the assessee has stated that the business of the assessee is that of liaisoning, maintaining good relationship with poli ......

    2015 (2) TMI 984 - ITAT PATNA


    Addition on account of rental income - addition of ₹ 4,00,285 on account of difference in value of immovable property located at Raj Villa, Kanti Factory Road, Patna and valued at ₹ 5,95,100 by the learned Departmental Valuation Officer a ......

    2015 (2) TMI 983 - ITAT DELHI

    Le Passage to India Tours & Travel (P) Ltd., Versus DCIT, Circle 4(1) New Delhi

    Disallowance u/s 40(a)(i) - non deduction of TDS on payments made to non-resident persons outside India for representation charges - whether the consideration paid by assessee to overseas nonresident agents can be categorized as FTS u/s 9(i)(vii) - H ......

    2015 (2) TMI 982 - ITAT BANGALORE

    The Deputy Commissioner of Income Tax, Circle 11(2), Bangalore Versus M/s. Big Bags International Pvt. Ltd.

    Disallowance u/s 40(a)(ia) - Held that:- Following the decision of CIT v/s VIRGIN CREATIONS [ 2011 (11) TMI 348 - CALCUTTA HIGH COURT ] amendment to the provisions of section 40(a)(ia) of the Act, by the Finance Act, 2010 is retrospective from April ......



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