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Income Tax Case Laws - Section: 43

 

Income Tax

Cases for Section: 43

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Showing 1 to 15 of 798 Records
 

2015 (3) TMI 94 - ALLAHABAD HIGH COURT

The Commissioner of Income Tax, Moradabad & Anr. Versus M/s Dhampur Sugar Mills Ltd.

Sale of bagasse to sister concern - sale at lower rate in comparison to market rate - Tribunal upholding the order of CIT (A) in deletion the addition - Held that:- An agreement with the sister concern at the beginning of the accounting year at consi ......

2015 (3) TMI 91 - ITAT BANGALORE

M/s. ING Vysya Bank Ltd. Versus The Assistant Commissioner of Income Tax,

Income claimed exempt under Section 10(23G) - assessee is a scheduled bank and carries on banking business - Held that:- Before us, the limited request of the learned counsel for the assessee was hat the necessary approvals from the CBDT is available ......

2015 (3) TMI 4 - ITAT HYDERABAD

M/s. Vijay Textiles Limited Versus Dy. Commissioner of Income-tax Circle 3(3), Hyderabad

Disallowance of loss arising from the derivative transactions - whether loss speculative in nature? - as contended by the assessee, there was foreign currency exposure, as a result of conversion of rupee loans of the assessee into foreign currency lo ......

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 401 - ITAT BANGALORE

Shankara Infrastructure Materials Ltd. Versus Assistant Commissioner of Income-tax, Circle-12 (3), Bangalore

Accrual of income or loss - Provision for FCNR fluctuation loss - Applicability of Accounting Standards 11 ('AS-11') - Held that:- The liability has neither been ascertained nor crystallised as on the Balance Sheet date. Further, the transac ......

2015 (2) TMI 361 - KARNATAKA HIGH COURT

THE COMMISSIONER OF INCOME-TAX AND THE ASSISTANT COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1(4) BANGALORE Versus M/s. FIRST SECURITIES PVT. LTD.

Jobbing and arbitrage - whether be considered as a speculative transaction? - Losses in speculation business - assessee is a share broker and a member of both National Stock Exchange and Bangalore Stock Exchange Ltd - Held that:- Section 73 has no ap ......

2015 (2) TMI 318 - ITAT MUMBAI

Metro Exporters Pvt. Ltd. Versus Asst. CIT, Circle 6(3), Mumbai

Rectification of mistake - non-application of the provision of section 32(1)(iii) in the instant case - Held that:- The order by the tribunal suffers from a mistake apparent from record; the assessee being admittedly a company in the manufacturing of ......

2015 (1) TMI 916 - ITAT HYDERABAD

Sri Karam Ali Khan Versus Income Tax Officer

Taxability of certain rental income in the hands of the assessee - Inheritance at Muslim Law - right of assessee to divide the property or to divide the rent among the family members - Held that:- We are not convinced with the claim of the assessee ......

2015 (1) TMI 701 - GUJARAT HIGH COURT

COMMISSIONER OF INCOME TAX IV Versus SANDVIK CHOKSHI LTD.

Depreciation disallowed - interest expenditure on unpaid purchase consideration - AO invoked the Explanation - 3 of Section 43(1) - Tribunal deleted addition holding that claim of depreciation on enhanced value of assets by the assessee was not with ......

2015 (1) TMI 567 - CALCUTTA HIGH COURT

Messrs Maud Tea & Seed Co. Ltd Versus Commissioner of Income-Tax, West Bengal-II, Kolkata

Speculative transaction - transactions entered into by the appellant in respect of ACC shares and the loss of ₹ 14.82 lacs incurred - adverse price fluctuation - Scope of section 43(5) - Held that:- The undisputed facts in this case, contain in ......

2015 (1) TMI 561 - ITAT MUMBAI

M/s. Godrej & Boyce Mfg. Co. Ltd. Versus The Additional Commissioner of Income Tax

Grant of depreciation - written value of block of assets as per books of account of the assets taken over from the demerged company v/s written down value as per the provisions of Income Tax Act of the transferred assets of the demerged company adopt ......

2015 (1) TMI 235 - ITAT AHMEDABAD

Rasvick Apparels Pvt. Ltd. Versus The ACIT Circle-4, Baroda

Miscellaneous application – Rectification of mistake apparent on record – Held that:- In the order dated 18/04/2013, there is a typographical error which requires to be rectified as Assessment Year mentioned as 2006-07 instead of AY 2008-09 and it is ......

2015 (1) TMI 190 - ITAT DELHI

ACIT Circle –31(1), New Delhi Versus Plaza Partners

Rejection of claim of deduction u/s 24(1) - Leasing of immovable properties business activity or not – Held that:- The assessee is owner of the commercial premises i.e. DLF Square and Nestle House let out throughout the year, the assessee has always ......

2014 (12) TMI 856 - DELHI HIGH COURT

De Nora India Limited (Earlier Known As M/s. Titanor Components Ltd.) Versus CIT And Another

Determination of actual cost of asset – Reliance placed upon surveyor’s report - Whether the Tribunal was correct in placing reliance on surveyor’s report for the purpose of determining the actual cost of the asset acquired by the assessee from M/s W ......

2014 (12) TMI 808 - GUJARAT HIGH COURT

KANUBHAI A. PATEL Versus ACIT

Scope of section 73 for setting off - Whether a single transaction of purchase of shares of TISCO carried forward from settlement to settlement can be said to be series of transactions so as to constitute a speculation business within the scope of Se ......

 
   
 
 
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