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Income Tax Case Laws


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Showing 1 to 15 of 69706 Records

    2015 (2) TMI 1041 - MADRAS HIGH COURT

    Commissioner of Income Tax Company Circle, Tirupur Versus Smt. K. Indira

    Entitlement to claim deduction under section 80-IA - Held that:- 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 question and for the sub ......

    2015 (2) TMI 1040 - MADRAS HIGH COURT

    Commissioner of Income Tax Versus M/s. Sri Ranganathar Industries P. Ltd.

    Entitlement to claim deduction under section 80-IA - Held that:- 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 question and for the sub ......

    2015 (2) TMI 1039 - MADRAS HIGH COURT

    M/s. Southern Travels Versus The Assistant Commissioner of Income Tax

    Set off the brought forward depreciation loss against capital gains - whether unabsorbed depreciation loss of earlier years cannot be adjusted against short term capital gains arising on sale of business assets? - Held that:- In the present case, the ......

    2015 (2) TMI 1038 - BOMBAY HIGH COURT

    The Commissioner of Income Tax-I, Mumbai Versus M/s. Bennett Coleman And Co. Ltd.

    Reopening of assessment - Tribunal concluded that the reopening proceedings have been initiated on a mere change of opinion and thus impermissible - Held that:- The impugned order of the Tribunal has recorded a finding of fact that all the issues whi ......

    2015 (2) TMI 1037 - DELHI HIGH COURT

    Commissioner of Income Tax-VI Versus Wellworth Construction Udyog Ltd.

    Addition u/s 68 - ITAT confirming the order of the CIT (Appeals) who had reversed the AO's decision to disallow share application money of ₹ 1.65 crores under Section 68 - Held that:- AOs suspicions formed the basis of including the amount ......

    2015 (2) TMI 1036 - ITAT MUMBAI

    R. Natvarlal Parekh Versus Income tax Officer

    Addition made u/s 68 - assessee claimed that the amounts were repaid through its sister concerns - Held that:- In the absence of any documentary evidence to prove the genuineness of transaction and creditworthiness of the creditors, the explanation o ......

    2015 (2) TMI 1035 - ITAT PANAJI

    The Income Tax Officer Versus Dhanashree Co-operative Credit Society Ltd,

    Entitlement to deduction u/s 80P(2)(a)(i) - whether the society being a co-operative bank providing banking facilities to members is not eligible to claim deduction u/s 80P(2)(a)(i) after the introduction of sub-section (4) to section 80P? - Held tha ......

    2015 (2) TMI 1034 - ITAT DELHI

    Sub Registrar, Bhiwani Versus Director of Income Tax (CIB)

    Penalty u/s 275(1)(c) - late filing of AIR returns - main contention of the assessee he was ignorant of law i.e. about the provisions of section 285BA of the I.T. Act - Held that:- Provisions of section 285BA of the Act was introduced by the Finance ......

    2015 (2) TMI 1033 - ITAT LUCKNOW

    Jt. CIT. (OSD) /DCIT-6, Kanpur. Versus. M/s Super House Leather Ltd.

    Write off of bad debts in respect of export sales disallowed - CIT(A) giving relief of ₹ 24,57,522/- on account of bad debts - Held that:- Disallowance of bad debts is to be allowed in the present year because it is not in dispute that debits w ......

    2015 (2) TMI 1032 - ITAT MUMBAI

    M/s. Rama Techno Papers & Allied Industries Ltd. Versus ITO- Circle 1(3) (1) Mumbai

    Unaccounted share application money - CIT(A) confirmed addition u/s. 68. - Held that:- By considering the relevant record produced by the assessee, we find that the assessee has discharged its onus to prove that the payment in question on account of ......

    2015 (2) TMI 1031 - ITAT KOLKATA

    Assistant Commissioner of Income-tax, Vs. Shri Anandamoy Das, Prop. M/s. Invotech Engineers

    Deduction u/s 80IB - AO has disallowed claim on the premise that the assessee was qualified to get deduction u/s.80IB only in AY 2003-04 and not in AY 2002-03 i.e. the FY 2001-02 - CIT(A) allowed the deduction accepting that the old unit engaged in p ......

    2015 (2) TMI 1030 - ITAT HYDERABAD

    Asstt. Director of Income Tax (Exemptions) -I, Hyderabad Versus Hyderabad Study Circle Hyderabad

    Eligibility for exemption u/s.10(23C)(iiiad) - assessee is conducting only coaching classes for students for appearing in civil services examination - CIT(A) allowed the claim - Held that:- there is no justification on the part of the A.O. to observe ......

    2015 (2) TMI 1029 - ITAT LUCKNOW

    Shri Vinod Kumar Chaurasia Prop Gayatri Transport Versus Asstt. Commissioner of Income Tax

    Validity of proceedings under section 153C non recording of satisfaction by the Assessing Officer in the case of "person subjected to search" - Held that:- Satisfaction by the Assessing Officer of the searched person was not recorded before initiatin ......

    2015 (2) TMI 1028 - ITAT PUNE

    Asstt. Commissioner of Income Tax, Satara Circle, Satara Versus Patankar Wind Farms Pvt. Ltd.

    Deduction under section 80-IA on power generation receipts - CIT(A) allowed the deduction - Held that:- The assessee during the year under consideration had claimed deduction under section 80-IA(5) of the Act. The Assessing Officer had tabulated the ......

    2015 (2) TMI 1027 - ITAT LUCKNOW

    Dy. CIT. -1, Kanpur Versus M/s JS. Tower

    Unaccounted parking charges - AO made the addition of ₹ 1.25 lakhs on the basis that the assessee has been realising parking charges which has not been declared in the books of account - CIT(A) deleted addition following his own order for the a ......



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