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Income Tax Case Laws - Section: 211

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Cases for Section: 211
Showing 1 to 15 of 31 Records


The CIT, Jaipur Versus M/s Maharaja Shree Umaid Mills Ltd., Jaipur

Rectification of mistake - whether on an application under section 154 of the Income-tax Act interest under section 214 of the Income-tax Act could be granted on advance tax payments, made after the prescribed dates but within the financial year? - Held that - On a perusal of section 210 r.w.s 211 it is clear that the due dates are prescribed to mean that advance tax is required to be paid by an assessee within the prescribed dates and credit is .....

2014 (1) TMI 1030 - ITAT MUMBAI

M/s. General Insurance Corporation of India Versus Dy. Commissioner of Income Tax

Profits on sale of investments - Held that - The taxability of income of insurance companies under the head income from business and profession as governed by provisions of section 44 read with first schedule to the Income tax Act, does not extend to taxability of profits on sale of investments for the assessment years under consideration - Decided in favour of assessee. BR BR Interest on tax free bonds and dividend income - Held that - Decision .....

2012 (7) TMI 183 - ITAT, DELHI

M/s Airline Allied Services Ltd., Versus Deputy Commissioner of Income Tax, Company Circle-1(1),

Dis allowance of Prior Period Expenses - Held that - the assessee is following mercantile system of accounting. It is well settled that accrual of a statutory liability depends upon the terms of the relevant statute and the quantification or ascertainment cannot postpone its accrual to the extent of admitted liability - the assessee did not furnish any evidence before the AO or CIT(A) that the liability for the expenses shown as prior period expe.....


Commissioner of Income Tax-III, Coimbatore Versus M/s Mani Spinning Mills P. Ltd.

Whether ITAT was right in holding that for purposes of computation of interest under Section 234B and 234C, tax credit u/s 115JAA has to be first set off against the tax payable and the interest under the said sections have to be computed after taking into consideration the tax credit carried forward u/s 115JAA even though there is no legal sanction for such adjustment u/s 208 to 211, u/s 234B or 234C or under any other provisions of the Act - qu.....

2007 (9) TMI 190 - DELHI HIGH COURT


Since assessee was assessed to a loss for the A.Y. 1976-77 to 1978-79, thus for the AY 1979-80, assessee was not required to compute advance tax as per sec. 209(1)(a) or file a statement of advance tax interest levied for non-furnishing of statement is not justified


KISHORE LAL (Legal heir of late Ram Rattan Dohra) Versus CIT

Delay of one day in filing the estimate of advance tax - reasons for delay was totally beyond the control of the assessee as his main source of income was share from B and filing of estimate of advance tax was dependent upon the intimation by the said firm - Once a reasonable explanation is available, there was no justification for levy of penalty for mere technical default when the delay was merely of a day

2006 (9) TMI 302 - ITAT DELHI

Deputy Commissioner of Income-tax, Cir. 9(1), New Delhi Versus SREI International Finance Ltd.

Expenditure incurred in relation to income not includible in total income, Minimum Alternate Tax, Bad debts

2006 (6) TMI 135 - ITAT BOMBAY-E

Nitin Murli Raheja. Versus Assistant Commissioner Of Income-tax, Circle 18 (3), Mumbai.

Chargeable As

2004 (9) TMI 78 - PUNJAB AND HARYANA High Court

Punjab Small Industries And Export Corporation Ltd. Versus Inspecting Assistant Commissioner Of Income-tax (Assessment) And Another.

Whether interest u/s 214 could be denied to the assessee-corporation who had failed to pay the instalment of advance tax in accordance with the date specified u/s 211 held that the Legislature intended to provide that the dates given in section 210(1) were not mandatory as long as two conditions were satisfied, namely, that the entire amount of advance tax was paid up and it was paid up before the end of the financial year. Therefore, there is no.....

1997 (3) TMI 40 - KERALA High Court

Commissioner Of Income Tax Versus Kerala State Co-operative Marketing Federation Limited

Advance Tax, Special Deduction, Co-operative Society

1995 (12) TMI 32 - MADHYA PRADESH High Court

Ganga Cut Piece Centre Versus Commissioner Of Income-Tax

Firm Registration, High Court, Supreme Court

1995 (4) TMI 22 - RAJASTHAN High Court

Jai Drinks Private Limited Versus Commissioner Of Income-Tax

Advance Tax, Appellate Orders, Financial Year, Interest Payable By Government On Excess Payment, Rectification Proceedings

1994 (7) TMI 73 - MADHYA PRADESH High Court

Commissioner Of Income-Tax Versus Indian Aluminium Industries

Failure To Pay Advance Tax, Penalty Proceedings

1991 (5) TMI 37 - PUNJAB AND HARYANA High Court

Commissioner Of Income-Tax Versus Roadmaster Industries Of India Pvt. Limited

Interest On Excess Advance Tax, Interest Payable To Assessee

1989 (4) TMI 27 - CALCUTTA High Court

Commissioner Of Income-Tax Versus Ajoy Paper Mills Limited

Advance Tax, Interest Payable To Assessee


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