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Income Tax Case Laws - Section: 145A

Cases for Section: 145A
Showing 1 to 15 of 193 Records

2015 (6) TMI 557 - ITAT MUMBAI

Dimple Drums And Barrels (P) Ltd And Others Versus Deputy Commissioner of Income Tax CC-35, Mumbai

Disallowance of salary of employees - Held that - AO has asked the assessee company to produce these female members for verification, but no one was produced. Thus, the AO on the basis of the reasons given in the assessment order, disallowed the sala.....

2015 (4) TMI 839 - BOMBAY HIGH COURT

Commissioner of Income Tax-1 Versus M/s. Indian Rare Earths Ltd

Adoption of value of closing stock - ITAT directing the Assessing Officer to adopt the value of the closing stock as declared by the assessee - Held that - The objection raised by the assessee on account of the method of accounting is not justifiable.....

2015 (5) TMI 180 - ITAT AHMEDABAD

Income-Tax Officer Versus M/s Murli Fabrics

Disallowance of unutilized MODVAT/CENVAT Credit - unutilized MODVAT/CENVAT credit was required to be included in the total income of the assessee - Failure to substantiate the reason for not doing do - Held that - Assessing Officer had taken debit ba.....

2015 (6) TMI 357 - ITAT LUCKNOW

ACIT Versus M/s Kisan Sahakari Chini Mills ltd.

Disallowance of employer s contribution to P.F. of employees - payment beyond the time prescribed under the provision of I.T. Act, 1961 as well as Provident Fund Act - Held that - It has been clearly established that the payment of Provident Fund con.....

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 (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 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 perused the.....


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.....



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.....

2014 (11) TMI 935 - GUJARAT HIGH COURT


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 in .....

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 themselves as.....

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 expenditu.....


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 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 MODVAT.....

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