Corporate Laws - Case Law - IFCI Factors Ltd Versus Koutons Retail India Ltd...
Winding up petition dishonoring of cheques KRIL has questioned the power attorney POA issued in favour of the deponent of the affidavit in support of the present petition by stating that there is no...
View ArticleCustoms - Case Law - M s Basith Trade Links Versus Commissioner of Customs...
Anti dumping duty levied in terms of Notification No 52 2010 Cus dated 19 4 2010 Tetrafluoroethane or R 134a Held that As in SRF Ltd Vs Refex Refrigerants Ltd 2011 1 TMI 713 MADRAS HIGH COURT the...
View ArticleIncome Tax - Case Law - ACIT Central Circle 1 1 Ahmedabad Versus Meghmani...
Money seized during the search operation whether be treated as advance tax from the date of its seizure levy of interest u s 234B Held that If the assessee has declared income during the year under...
View ArticleIncome Tax - Case Law - MRS AMISHA B KORADIA VERSUS INCOME TAX OFFICER 2013 7...
Deemed dividend u s 2 22 e assessee is a beneficial shareholder in M s Koradia Construction Pvt Ltd and having 50 of shares holding with the advance of Rs 58 lacs stated to have been given to the...
View ArticleIncome Tax - Case Law - ASSTT COMMISSIONER OF INCOME TAX VERSUS JAG MOHAN...
Entitlement to Exemption u s 54F AO rejected the claim as the assessee had not acquired substantial domain on payment of consideration for the apartment CIT A allowed the claim Held that A bare perusal...
View ArticleIncome Tax - Case Law - ASSTT COMMISSIONER OF INCOME TAX VERSUS M s KESHAV...
Disallowance u s 14A r w r 8D whether net interest expense or gross interest expense be taken for the purpose of computing disallowance Held that While making disallowance u s 14A the amount of expense...
View ArticleIncome Tax - Case Law - The Assistant Commissioner of Income Tax Company...
Disallowance qua interest free advances CIT A deleted the part addition Held that The assessee s case being a financer money lender had admittedly availed interest bearing loans and advanced it to the...
View ArticleIncome Tax - Case Law - Narmada Chematur Petrochemicals Ltd now known as...
Expenses incurred on substitution of high interest bearing NCD s revenue v s capital explanation of the assessee that there was a programme of debt re structuring by the company therefore an...
View ArticleIncome Tax - Case Law - Commissioner of Income tax 9 Versus Regalia Apparels...
Deduction u s 37 1 penalty paid to the Apparel Export Promotion Council Forfeiture of gurantee failure to fulfil the obligation to export ITAT allowed the deduction Held that respondent took a business...
View ArticleIncome Tax - Case Law - M s SRI SIVAPRIYA SHELTERS PVT LTD VERSUS THE DEPUTY...
Waiver of Interest u s 234A and 234B Delay in filing return Held that Delay in filing the return was on account of the seized materials not being returned to the assessee and if the said materials were...
View ArticleIncome Tax - Case Law - Commissioner of Income Tax Versus Prafulbhai...
Undisclosed investment CIT deleted addition of undisclosed income Held that CIT deleted the entire amount by elaborate discussion of the issue It was during the course of the search that such jewellery...
View ArticleIncome Tax - Case Law - Commissioner of Income tax II Versus Shripad Concrete...
Deemed dividends u s 2 22 e accumulated profit loan or business transaction Held that appellant had sold goods and had established that the amounts involved business transactions Such amounts therefore...
View ArticleIncome Tax - Case Law - The Commissioner of Income Tax 10 Mumbai Versus M s...
Deletion of disallowance deduction on account of interest paid investment in mutual funds Held that investment in mutual funds was made by the Respondent assessee out of its own funds and not out of...
View ArticleIncome Tax - Case Law - Anjalee Exim Pvt Ltd Versus DY Commissioner of...
Allocation of business expenses amongst the speculation and non speculation activities Held that Authorities have not applied the provisions of section 73 1 to determine that the appellant was carrying...
View ArticleIncome Tax - Case Law - THE COMMISSIONER OF INCOME TAX BANGALORE VERSUS M s...
Deduction u s 80HHE Exclusion 90 of gains on foreign exchange fluctuations from the business profits Held that amount which is sought to be attributed as gain from fluctuation of foreign exchange no...
View ArticleIncome Tax - Case Law - M s MINDTREE LTD VERSUS UNION OF INDIA 2013 7 TMI 121...
Levy of MAT minimum alternate tax on SEZ removal of exemption from MAT Promissory estoppel Judicial review petitioners have prayed to declare the newly inserted proviso to Section 115JB 6 and 115 O 6...
View ArticleIncome Tax - Case Law - Commissioner of Income tax Central Circle Versus...
Rectification of mistake Tribunal quashed entire assessement order Held that The opening words of section 154 gives an indication of the scope of rectification proceedings It is only with a view to...
View ArticleService Tax - Case Law - M s FEDERATION OF INDIAN EXPORT ORGANIZATIONS VERSUS...
Pre deposit of service tax club and association service Assessee main contention is that they are engaged in public service and are not a profit making organization they have not collected any Service...
View ArticleService Tax - Case Law - KPIT CUMMINS INFOSYSTEMS LTD VERSUS COMMISSIONER OF...
Refund of CENVAT credit export of services The department was of the view that the services exported by the appellant were software development and software consultancy services falling under the...
View ArticleService Tax - Case Law - M s INTELLICON PVT LTD VERSUS COMMISSIONER OF...
Stay petition service tax liability not discharged services rendered under erection commissioning and installation services appellant contended that there was no intention to suppress the amount and...
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