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Gujarat H.C : Since there was no liability to basic tax, the question of levy of additional tax did not arise

High Court Of GujaratCommissioner Of Income Tax Vs. Ahmedabad Kaiser-I-Hind Mills Co. Ltd.Section 4, 1968FA 2 SCH. I, PART I PART F-1(B)Asst. Year 1968-69M.P. Thakkar & R.C. Mankad, JJ.IT Ref. No. 61 of 197624th March, 1981Decision in favour of AssesseeCounsel Appeared N.U. Raval with R.P. Bhatt of M/s R.P. Bhatt & Co., for the Revenue : …

Section 281 Attachment Order Void if Notice to Transferee Not Given: Gujarat High Court

The judgment of the court was delivered by MR.JUSTICE M.R. SHAH J- By way of this petition under Article 226 of the Constitution of India, the petitioner has prayed for appropriate writ, direction and order to quash and set aside the impugned order dated 21.09.2011 passed by the respondent no.1, by which, the respondent no.1 has …

Bombay H.C : Order passed by DIT(E) is beyond the scope of Sec. 263 of the I T. Act when the subject matter of revision is applicability of proviso to Sec. 2(15) and not denial of exemption u/s. 11

High Court Of Bombay CIT (Exemption) vs. Slum Rehabilitation Authority Section 2(15), 10(20), 11, 80-I, 80-I(2), 143(3), 263, 263(1) Asst. Year 2009-10 Akil Kureshi & Sarang V. Kotwal, JJ. Income Tax Appeal No. 1359 OF 2016 26th March, 2019 Counsel Appeared: Suresh Kumar for the Petitioner.: S.E. Dastur, Sr. Counsel, Nishant Thakkar, Jasmin Amalsadvala, i/by Mint …

S.C : The expenditure cannot be considered as business expenditure

Supreme Court Of India Pr.CIT vs. Ballarpur Industries Ltd. Asst. Year 1993-94 Abhay Manohar Sapre & Dinesh Maheshwari, JJ. Civil Appeal No. 4026 OF 2019 (Arising out of S.L.P.(C) No.1153 of 2018) 22nd April, 2019 Abhay Manohar Sapre, J. Leave granted. This appeal is filed against the final judgment and order dated 17.07.2017 passed by the …

Bombay H.C : Whether on the facts and in the circumstances of the case and in law, the Hon’ble ITAT is correct in holding the compensation received by the appellant from Oracle Global (Mauritius) Ltd. for delay in payment of proceeds of shares tendered under the open offer includible in Capital Gains as against Interest Income ?

High Court Of Bombay CIT (IT) vs. Morgan Stanley Mauritius Company Ltd. Akil Kureshi & Sarang V. Kotwal, JJ. Income Tax Appeal No.1835 OF 2016 19th March, 2019 Counsel Appeared: Tejveer Singh for the Petitioner.: Sunil M. Lala, Karen D’Souza, i/b India Law Alliance for the Respondent. P.C.: 1. This Appeal is filed by the Revenue, …