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Income Tax Case Laws - Section: 145A

 

Income Tax

Cases for Section: 145A

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Showing 1 to 15 of 188 Records
 

2015 (3) TMI 1 - ITAT AHMEDABAD

M/s. Asiatic Industries Versus The DCIT, Central Circle3, Ahmedabad

Excise and VAT for valuation of stock - inclusion v/s exclusion - Held that:- There is submission of the assessee before the authorities below that while the entire amount of excise duty realized on sales was included in the sale amount but out of en ......

2015 (2) TMI 634 - PUNJAB & HARYANA HIGH COURT

Commissioner of Income Tax, Ludhiana-II Versus M/s Avery Cycle Inds Ltd, M/s Avon Cycles Ltd, M/s Hero Cycle Inds Ltd

Disallowance of interest on money borrowed for purchase and installation of plant and machinery - ITAT deleted disallowance - Held that:- The question answered against the revenue, at the time of admission of the appeal by relying upon a judgment Dep ......

2015 (2) TMI 168 - ITAT MUMBAI

Karia Can Company Ltd. Versus The Asst. Commissioner of Income Tax-6(2), Mumbai-

Income from house property - inclusion of notional interest on the interest free security deposit received from the licencee of the house property, for the purpose of computing the ALV of the said property - Held that:- It is a settled proposition of ......

2015 (2) TMI 151 - ITAT AHMEDABAD

ITO, Ward 2(6), Baroda Versus M/s. Snehal Pharma Chem C/o SPC Life Science Pvt. Ltd. 284

Unutilized CENVAT credit - whether not included in the profit & loss account in view of provisions of section 145A of the Act even though the assessee was following mercantile system of accounting? - Held that:- There is submission of the assessee be ......

2015 (1) TMI 1151 - ITAT AHMEDABAD

M/s. Himson International Pvt. Ltd. Versus ACIT, Range-1, Surat & ACIT, Range-1, Surat. Versus M/s. Himson International Pvt. Ltd.

Disallowance of electric power charges - Held that:- The assessee has already been allowed depreciation on the amount of electric power capitalized and no case for allowing the same as revenue expenditure could be made before us, and accordingly, the ......

2015 (1) TMI 791 - ITAT MUMBAI

M/s Mandhana Industries Limited, Versus Asstt. Commissioner of Income Tax 6(3), Mumbai

Valuation of stock - Addition made u/s 145A - Condonation of delay of 368 days in filing appeal - AY 2007-08 - Held that:- After the effect of ld.CIT(A)’s order with regard to the addition made u/s 145A, there was no addition as it was neutralized by ......

2015 (1) TMI 700 - GUJARAT HIGH COURT

COMMISSIONER OF INCOME TAX Versus NARANLALA LTD

Depreciation claimed on the cylinders - asset not in use in the previous year - Tribunal allowed the claim - Held that:- Tribunal has considered the decision in the case of Pepsu Road Transport Corporation (2001 (9) TMI 65 - PUNJAB AND HARYANA High C ......

2015 (1) TMI 654 - ITAT MUMBAI

Sulzer India Ltd. Versus Addl. CIT, Range 8(3), Mumbai

Part disallowance of depreciation on cars - allowing it at 20% of the written down value (WDV) of the relevant block of assets, as against the appellant’s claim for the same at 40% - luxury cars’ v/s ‘commercial vehicles' - Held that:- We have peruse ......

2014 (11) TMI 935 - GUJARAT HIGH COURT

ALLIANCE INDUSTRIES Versus INCOME TAX OFFICER

Addition made – Difference in the amount declared in books of accounts and statement furnished to Bank - Whether the Tribunal has substantially erred in law in restoring the addition by way of difference between the stock as on March 31, 1990 shown i ......

2014 (11) TMI 550 - ITAT MUMBAI

M/s. Castrol India Limited Versus DCIT-Range-8(3), Mumbai

Eligibility for deduction u/s 80IB – Different nature of income – Held that:- Following the decision in M/s. Castrol India Ltd. Versus Addl. Commissioner of Income-tax [2014 (1) TMI 78 - ITAT MUMBAI] the provisions of section 80IB are code by themsel ......

2014 (10) TMI 658 - ITAT JAIPUR

The ACIT Circle- 2, Ajmer Versus M/s. Shree Cement Ltd.

Classification of expenses – Capital or revenue expenses - expenses on conversion of WBM Road into Concrete Road – Held that:- The road is provided for enduring benefit to assessee Expenditure incurred on repair of roads by appellant is revenue expen ......

2014 (10) TMI 400 - PUNJAB & HARYANA HIGH COURT

Commissioner of Income Tax, Faridabad Versus M/s. Lakhani India Limited, Faridabad

Undervaluation of stock - Whether the Tribunal was right in deleting the disallowance made by the AO on account of under valuation of stock even when the entry tax levied was includible in the closing stock of the assessee as per the provisions of Se ......

2014 (9) TMI 427 - GUJARAT HIGH COURT

COMMISSIONER OF INCOME TAX II Versus SAMAY TILES LTD

Rejection of books of accounts u/s 145(3) – Adoption of GP @ 20% against 40% - Held that:- The assessee had suppressed sales and had also suppressed the expenses - once the books of accounts of the assessee are rejected, a fair estimate of the profit ......

2014 (9) TMI 323 - DELHI HIGH COURT

Commissioner of Income Tax (C) -III Versus SVP Industries Ltd.

Addition of closing stock of finished goods - Whether the Tribunal was right in holding that no addition could be made in excess in the value of closing stock of finished goods made originally by the AO – Held that:- Revenue did not contend that MODV ......

2014 (9) TMI 271 - DELHI HIGH COURT

Commissioner of Income Tax-II Versus M/s. Lakshmi Sugar Mills Co. Limited

Allowability of excise duty u/s 43B r.w. section 145A - valuation of closing stock - Duty shown as payable but not paid to be allowed as expenditure or not – Held that:- The manufactured sugar was lying in stock and the same were not cleared from the ......

 
   
 
 
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