THE DCIT CIRCLE-1(1), BARODA VERSUS ADITYA MEDISALE LTD - Income Tax - Case Laws
THE DCIT CIRCLE-1(1), BARODA VERSUS ADITYA MEDISALE LTD - Income Tax - ITAT AHMEDABAD - Tri - Interest as expenditure u/s 36(1)(iii) of the Income tax act Money borrowed at higher rate and money lent...
View ArticleAhmedabad Management Association Versus Joint Director of Income-tax...
Ahmedabad Management Association Versus Joint Director of Income-tax (Exemption), Ahmedabad - Income Tax - ITAT AHMEDABAD - Tri - Eligibility of exemption u/s 11(1) of the Income tax act - Activity of...
View ArticleM/s K L CONCAST PVT LTD VERSUS ADDL COMMISSIONER OF INCOME TAX RANGE-5, NEW...
M/s K L CONCAST PVT LTD VERSUS ADDL COMMISSIONER OF INCOME TAX RANGE-5, NEW DELHI - Income Tax - ITAT DELHI - Tri - Allowance of deduction on commission paid to Managing Director u/s 36(ii) of the...
View ArticleFiroz Nadiadwala Versus Additional Commissioner of Income-tax, - 11(1),...
Firoz Nadiadwala Versus Additional Commissioner of Income-tax, - 11(1), Mumbai - Income Tax - ITAT MUMBAI - Tri - Validity of action of CIT u/s 263 of the Income Tax Act Assessee was engaged in the...
View ArticleM/s VANSHREE BUILDERS DEVELOPERS (P) LTD VERSUS COMMISSIONER OF INCOME TAX -...
M/s VANSHREE BUILDERS DEVELOPERS (P) LTD VERSUS COMMISSIONER OF INCOME TAX - Income Tax - ITAT BANGALORE - Tri - Invocation of section 263 by CIT Held that - Reliance has been placed upon the judgment...
View ArticleExemption u/s 10A Existence of some old employees in the new undertaking is...
Income Tax - Dated - 27-11-2013 - Exemption u/s 10A Existence of some old employees in the new undertaking is not a disqualification for granting exemption benefit to the assessee under S.10A as long...
View ArticleLegality of existence of firm BVRE number of persons vis- -vis 4 HUFs would...
Income Tax - Dated - 27-11-2013 - Legality of existence of firm BVRE number of persons vis- -vis 4 HUFs would be 12 (15 3). Since Sec.11(2) of Companies Act, 1956 uses expression Person , number of...
View ArticleAmalgamated company is entitled to set off and carry forward the brought...
Income Tax - Dated - 27-11-2013 - Amalgamated company is entitled to set off and carry forward the brought forward business losses and unabsorbed depreciation of the amalgamating company from the very...
View ArticleAssistant Commissioner of Income-tax, Range - 10(1), Mumbai Versus Hapag...
Assistant Commissioner of Income-tax, Range - 10(1), Mumbai Versus Hapag Lloyd Global Services (P.) Ltd. - Income Tax - ITAT MUMBAI - Tri - Selection of comparables Comparable being Vishal Information...
View ArticleDEPUTY COMMISSIONER OF INCOME TAX VERSUS M/s CREDIT SUISSE FIRST BOSTON...
DEPUTY COMMISSIONER OF INCOME TAX VERSUS M/s CREDIT SUISSE FIRST BOSTON (INDIA) SECURITIES LTD - Income Tax - ITAT MUMBAI - Tri - Disallowance of Interest expenditure - Assessee has borrowed huge funds...
View ArticleWhen the assessee has claimed the maintenance charges as bad debt, the same...
Income Tax - Dated - 27-11-2013 - When the assessee has claimed the maintenance charges as bad debt, the same is disallowed and when it is recovered, it is treated as income. It would be double...
View ArticleDepreciation asset in question was vacant for part period and not put to use...
Income Tax - Dated - 27-11-2013 - Depreciation asset in question was vacant for part period and not put to use by the assessee company for the purpose of carrying on its business and earning profits...
View ArticleM/s. Manaksia Limited Versus Additional C. I. T., Range-4, Kolkata - Income...
M/s. Manaksia Limited Versus Additional C. I. T., Range-4, Kolkata - Income Tax - ITAT KOLKATA - Tri - Selection of comparable for determining Arms Length Price in Tranfer Pricing Transaction - Whether...
View ArticleAssistant Commissioner of Income-tax, Circle - 3(1), Gwalior Versus Uday...
Assistant Commissioner of Income-tax, Circle - 3(1), Gwalior Versus Uday Bhagwan Industries - Income Tax - ITAT DELHI - Tri - Reassessment u/s 147 - Issue of Notice u/s 143(2) - mandatory or not Held...
View ArticleReassessment u/s 147 - Issue of Notice u/s 143(2) - mandatory or not When the...
Income Tax - Dated - 27-11-2013 - Reassessment u/s 147 - Issue of Notice u/s 143(2) - mandatory or not When the assessee has chosen not to file return, no notice under section 143(2) is required to be...
View ArticleAPL Co. Pte. Ltd. VERSUS Deputy Director of Income-tax (International...
APL Co. Pte. Ltd. VERSUS Deputy Director of Income-tax (International Taxation), 1(1) - Income Tax - ITAT MUMBAI - Tri - Eligibility for claiming any advantage under Article 8 of the India-Singapore...
View ArticlePenalty - Assessment after search and seizure operation under section 132 -...
Income Tax - Dated - 27-11-2013 - Penalty - Assessment after search and seizure operation under section 132 - Assessee has satisfied the conditions for not levying the penalty under Section 271AAA -...
View ArticleDeduction u/s 80IC - until and unless complied with the conditions of...
Income Tax - Dated - 27-11-2013 - Deduction u/s 80IC - until and unless complied with the conditions of engaging in processing and raising of the plantation of tea, the assessee cannot be allowed...
View ArticleTamilnadu Power Finance Infrastructure Development Corpn. Ltd. Versus...
Tamilnadu Power Finance Infrastructure Development Corpn. Ltd. Versus Assistant Commissioner of Income-tax, Company Circle - III(1) - Income Tax - ITAT CHENNAI - Tri - Eligibility of interest expense...
View ArticleUPASCO (INDIA) PVT LTD VERSUS INCOME TAX OFFICER WARD-1(1), ERNAKULAM -...
UPASCO (INDIA) PVT LTD VERSUS INCOME TAX OFFICER WARD-1(1), ERNAKULAM - Income Tax - ITAT COCHIN - Tri - Allowability of commission expense Held that - The assessee could not substantiate its claim of...
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