Income Tax - Case Law - ASSTT COMMISSIONER OF INCOME TAX VERSUS M/s GVK...
Computation of book profit - MAT u/s 115JA - Treatment of interest income for the purpose of section 80IA and thereafter book adjustment u/s 115JA - Deletion of business income - Held that - The...
View ArticleIncome Tax - Case Law - W DIAMANT (INDIA) LTD VERSUS DEPUTY COMMISSIONER OF...
Disallowance of warranty provision - Contingent nature of warranty provision - Held that - authorities below are expected to follow the principle of consistency in the light of orders passed by ITAT...
View ArticleIncome Tax - Case Law - M/s KOSTUB INVESTMENT LTD VERSUS ACIT CIRCLE 5 (1),...
Undisclosed income u/s 68 - Share application maoney - Onus of proving transaction - Held that - Assessee s company is not carrying out any business activity. This company has shown investments with...
View ArticleIncome Tax - Case Law - DEPUTY COMMISSIONER OF INCOME TAX, HYDERABAD VERSUS...
Deduction u/s 10B - Benefit to 100 EOU - Use of old plant and machinery - conversion of existing unit - Whether the assessee is entitled to claim benefit available to 100 EOU u/s. 10B of the Act read...
View ArticleIncome Tax - Case Law - SBI LIFE INSURANCE CO LTD. VERSUS COMMISSIONER OF...
Revision u/s 263 - Erroneous or prejudicial of revenue - AO allowed the Exemption u/s. 10(34) - Insurance business - Dividend income - whether exemption u/s. 10 can be allowed to an Insurance company...
View ArticleIncome Tax - Case Law - Punjab National Bank Succesor Nedungadi Bank Ltd....
Bank branch classification as Rural or Urban Classification as per RBI guidelines or Income Tax provisions - Overriding effect - Writing off bad debts under section 36(1)(viia) Held that - The Reserve...
View ArticleIncome Tax - Case Law - DCIT, New Delhi Versus M/s Bigjos India Ltd. 2013 (8)...
Valuation of closing stock - The Hon ble ITAT set aside the order of Ld CIT(A) with the directions to the assessee to submit the required information so as to arrive at the correct valuation of stock....
View ArticleIncome Tax - Case Law - M/s. Divis Laboratories Ltd. Versus The DCIT...
Re-opening of Assessment under section 147 of the Income Tax Act - Assessing Officer granted additional depreciation in the regular assessment and also agreed for deduction u/s. 80HHC on DEPB...
View ArticleIncome Tax - Case Law - M/s. Mali Florex Ltd. Versus Dy. Commissioner of...
Rectification of mistake - Tribunal directed AO to recalculate interest u/s 234A, 234B and adjustment of seized amount with advance tax - A.O. failed to follow direction - Held that - There is no...
View ArticleIncome Tax - Case Law - DCIT, Circle 4(1) Versus Lumax Industries Limited...
Book profit adjustment - MAT u/s 115JB - Addition made by the A.O. for calculating the book profit being the provision for retirement benefits Held that - Clause (f) in Section 43B of the Act. As per...
View ArticleIncome Tax - Case Law - Syscom Corporation Ltd. Versus Assistant Commissioner...
Reference made to TPO by Assessing Officer Whether Section 92C and 92CA of the income tax act are independent of each other Held that - Proceedings in both the sections are quite independent of and...
View ArticleIncome Tax - Case Law - Shri Raghav Garg and Others Versus Income-tax Officer...
Unexplained income - Father of the assessee Shri Lalta Prasad Garg has executed Will in favour of the assessee and other family members - Deceased father having jewellery with him and given the same to...
View ArticleIncome Tax - Case Law - VEE GEE INDUSTRIAL ENTERPRISES VERSUS ASSTT...
Surrender of Sale (income) - whether unaccounted sundry debtors are part of surrendered sale - Unaccounted sale and debtors - Search conducted u/s 132 of the Income Tax Act - Assessment u/s 153A of the...
View ArticleService Tax - Case Law - NATIONAL ENGINEERING INDUSTRIES LTD. Versus COMMR....
CENVAT credit - Input Service - The assesse were manufacturer of ball and roller bearings chargeable to Central Excise duty in their factory - They avail Cenvat credit of Central Excise duty paid on...
View ArticleService Tax - Case Law - NEEL SIDHI ENTERPRISES VERSUS COMMISSIONER OF...
Service tax demand u/s 73A sale of flats - collection of amount towards service tax but not as service tax - contingent liability department contended that service tax liability would arise under Works...
View ArticleService Tax - Case Law - M/s BHIMA SSK LTD VERSUS COMMISSIONER OF CENTRAL...
Renting of immovable property appellant contented that renting out of premises to Bank, BSNL and Post Office does not amount to renting of property for use in course of furtherance of business or...
View ArticleService Tax - Case Law - M/s INTERNATIONAL SEAPORT DREDGING LTD VERSUS...
Stay - dredging activity - Site formation service - Import of manpower service - Appellant contended that dredging activity done is not in river, port, harbor, backwater or estuary and, therefore, it...
View ArticleService Tax - Case Law - Mgf Developers Ltd. Versus C. S. T., Delhi 2013 (8)...
Real Estate Agent Service u/s 65 (88) - service tax on transfer charges received from its clients for substituting the names of new prospective purchasers of immovable property/real estate transactions...
View ArticleService Tax - Case Law - M/s. Sushan Constructions (P) Ltd. Versus...
Construction of Commercial Complex and Residential Complex - The assesse was engaged in construction activity both of commercial complex and residential complex - Revenue revealed that the applicant...
View ArticleVAT and Sales Tax - Case Law - M/s. Prakash Impex Versus The State of Tamil...
Whether sale of DEPB license constitute business and liable to VAT / Sales Tax - Whether the assesse was carrying out any Business - The assesse effected sale of DEPB license in the course of the trade...
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