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2015 (7) TMI 35 - ITAT AHMEDABAD

ITO, Ward-9 (4) Versus. Shri Ashwin Kantilal Raval

Disallowance on account of interest expenses - CIT(A) allowed claim - Held that - CIT(A) has elaborately discussed the issue and recorded that the assessee was involved in the business of sub-letting of properties, and during the relevant year, it ha.....


2015 (7) TMI 20 - MADRAS HIGH COURT

Commissioner of Income Tax Versus M/s. Sree Narasimha Textiles Pvt. Ltd.

Entitlement to claim deduction under Section 80-IA - Held that - The business undertaking of the assessee is wind mill power generation/hosiery goods, etc., and it has claimed the benefit of deduction under Section 80IA of the Income Tax Act for the .....


2015 (7) TMI 19 - BOMBAY HIGH COURT

Commissioner of Income Tax-8 Versus Industrial X-Ray And Allied Radiographers (India) Pvt. Ltd.

Addition to the appellant s income in terms of Section 28(iv) read with Section 41(1) - ITAT deleted the addition - Held that - From the ledger account of the concern, it was seen that ₹ 65,66,686/- have been transferred to the appellant s acco.....


2015 (7) TMI 18 - BOMBAY HIGH COURT

M/s Zodiac Developers Pvt Ltd Versus Principal Commissioner of Income Tax-8, Mumbai

Trnasfer proceedings - petitioner s case pending with the Income Tax Officer, Mumbai have been transferred to Assistant Commissioner of Income Tax Aurangabad - Held that - The impugned order does not deal with any of the submissions made by the petit.....


2015 (7) TMI 17 - BOMBAY HIGH COURT

Mr. Kunal S. Surana Versus Income Tax Officer (14 (1) (3) ) , Mumbai

Condonation of delay rejected - Held that - There has been a delay on the part of the appellant in filing the appeal. The Chartered Accountant attending to the appellant s affairs, has owned up before the Commissioner of Income Tax (Appeals) as well .....


2015 (7) TMI 16 - BOMBAY HIGH COURT

Commissioner of Income Tax-2, Mumbai Versus M/s. Elde Electricals Agencies Pvt. Ltd., Mumbai

Addition made under Section 41(1) - creditors outstanding for more than three years in the books of respondent-assessee - ITAT deleted the addition - Held that - In the present facts, the amount of ₹ 64.27 lacs continues to be shown as the liab.....


2015 (7) TMI 15 - GUJARAT HIGH COURT

DEPUTY COMMISSIONER INCOME TAX- TDS CIRCLE Versus VADOFONE ESSAR GUJARAT LIMITED & 1

Extension of stay of demand beyond the period of 365 days - revenue has challenged the impugned orders passed by the Tribunal extending stay of demand granted earlier beyond the period of 365 days and in the present case, for approximately 1000 days .....


2015 (7) TMI 14 - BOMBAY HIGH COURT

The Commissioner of Income Tax-II, Kolhapur Versus M/s. Gajanan Agro Farms, Kolhapur

Agricultural income - assessee was in possession of the land in question for the cultivation of sugarcane from the Maharashtra State Farming Corporation (MSFC) - Held that - We find that the CIT(A) and the Tribunal have correctly recorded a finding o.....


2015 (7) TMI 13 - KARNATAKA HIGH COURT

The Commissiner of Income Tax, The Deputy Commissioner of Income Tax Versus M/s Crane Software Internaitonal Ltd

Rectification of mistake - interest income earned from fixed deposits which was to fall within the head Income from Business or Income from Other Sources - Held that - Fixed Deposits from which the interest had been earned, has been given as security.....


2015 (7) TMI 12 - KARNATAKA HIGH COURT

Sri P.M. Abdulla Pro. Rubber Agencies Versus The Income Tax Officer, Ward-I Puttur

Addition made under section 68 - CIT(A) deleted addition - Held that - ITAT after considering the rival contentions and on perusal of material on record, by common order dated 30.06.2009 partly allowed the appeals filed by the department and held tha.....


2015 (7) TMI 11 - KERALA HIGH COURT

SHRI. K.P. MADHAVAN NAIR Versus THE INCOME TAX OFFICER, WARD 1, KASARAGOD

Unexplained fixed deposits and investments in property - appellant contended that the property in question was purchased by him along with four others and that therefore the entire investment cannot be added to his income - Held that - For the years .....


2015 (7) TMI 10 - CALCUTTA HIGH COURT

Commissioner of Income Tax, Kolkata-XVIII Versus Contain Cooperative Bank Ltd.

Entitlement to benefit under Section 80P(2)(a)(i) - whether a voluntary investment made by the assessee and the interest earned from such investment is amenable for the benefit under Section 80P(2)(a)(i) - Held that - As at presently advised, we are .....


2015 (7) TMI 9 - KERALA HIGH COURT

Commissioner of Income-tax, Cochin Versus South India Corporation Ltd.

Entitlement to claim deduction of the belated payment to Provident Fund - Held that - In terms of the Explanation to clause (va) of Section 36(1) of the Income Tax Act, such sums paid after the due date cannot be claimed as other deductions in terms .....


2015 (7) TMI 8 - KERALA HIGH COURT

M/s Union Air Products Pvt Ltd Versus Assistant Commissioner of Income Tax, Circle-1 (3) , Range-1, Ernakulam, Chief Commissioner of Income tax, Kochi

Waiver of the interest charged under Sections 234B and 234C - second respondent in exercise of the powers conferred on him by the Central Board of Direct Taxes under Clause (a) of Sub Section 2 of Section 119 rejected representation of assessee holdi.....


2015 (7) TMI 7 - KARNATAKA HIGH COURT

Amco Batteries Ltd. Versus Assistant Commissioner of Income-tax, Circle 11 (1) , Bangalore

Expenditure towards warranty claim written off - whether was neither allowable under Section 37 nor under Section 36(1)(vii) - Held that - The assessee company voluntarily recognized and credited warranty expenses of TAFE, PSD in the assessment year .....


2015 (7) TMI 6 - ITAT KOLKATA

KPC Medical College & Hospital and others Versus Dy. CIT, CC-XXIV, Kolkata

Penalty under section 271(1)(c) - unaccounted donations - notice under section 153C - argument of the ld. Departmental Representative was that if AO of the searched person and the assessee is the same it does not make any difference whether satisfact.....


2015 (7) TMI 5 - ITAT KOLKATA

Assistant Commissioner of Income-tax and others Versus Shanti Kumar Surana and others

Validity of assessment framed u/s. 153A - Held that - In view of the second provision of section 153 of the Act, it is clear that assessment or reassessment relating to any assessment year falling within the period of six assessment years pending on .....


2015 (7) TMI 4 - ITAT DELHI

Mohd. Irshad Versus Income Tax Officer, Ward-2 (1) , Muzaffarnagar

Penalty imposed u/s 271(1)(c) - addition on account of undisclosed business income - Held that - AO while framing the assessment u/s 143(3) r.w.s 147 of the Act nowhere recorded the satisfaction that the assessee either concealed the income or furnis.....


2015 (7) TMI 3 - ITAT LUCKNOW

M/s Prachi Leather Pvt. Ltd. and others Versus Dy. C.I.T., Range-VI, Kanpur and others

Eligibility of Deduction u/s 80HHC - Held that - In the present case, the assessee is having three units. In unit No. 1, the assessee is manufacturing finished leather which is sold in domestic market or is utilized in manufacturing of leather footwe.....


2015 (7) TMI 2 - ITAT PUNE

Dhariwal Industries Ltd. And Others Versus Addl. CIT, Circle-1 (2) , Pune And Others

Claim for deduction u/s.80I/80IA rejected - Held that - As decided the issue against the assessee as reported in Dhariwal Industries Limited. Versus Additional Commissioner Of Income-tax, Range-1, Pune(2007 (8) TMI 410 - ITAT PUNE) holding that Gutkh.....


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