Month: November 2005

Madhya Pradesh H.C : Whether, in the facts and circumstances of the case, there is any basis in law for addition of the two sums of Rs. 50,000 as income of the assessee in the relevant year ?

High Court Of Madhya Pradesh : Indore Bench Farkamal vs. CIT Section 69 Asst. Year 1983-84 S.K. Kulshrestha & S.C. Vyas, JJ. IT Ref. No. 2 of 2002 29th November, 2005 Counsel Appeared S.C. Bagadia with D.K. Chhabra, for the Applicant : R.L. Jain with Ms. Veena Mandlik, for the Respondent ORDER S.K. Kulshrestha, J. : …

Madhya Pradesh H.C : Whether in the facts and circumstances of the case, the learned Tribunal was justified in confirming the action of AO (respondent No. 3) of initiating the proceedings under s. 147/148 of the Act ?

High Court Of Madhya Pradesh : Indore Bench State Bank Of Indore vs. Income Tax Appellate Tribunal & Ors. Sections 147, Expln. 1, 148, 32AB Asst. Years 1987-88, 1988-89 S.K. Kulshreshtha & S.C. Vyas, JJ. IT Appeal Nos. 38 & 39 of 2000 29th November, 2005 Counsel Appeared R.T. Thanewala, for the Appellant : R.L. Jain, …

Allahabad H.C : No litigation comes to Court or to a Tribunal without the matter having been first examined by the Committee and its clearance for litigation

High Court Of Allahabad Union Of India Through Central Organisation Of Railway Electrification & Anr. vs. Union Of India Through Secretary, Ministry Of Finance & Ors. Section ART. 226 A.K. Yog & Prakash Krishna, JJ. Civil Misc. Writ Petn. No. 1582 of 2005 25th November, 2005 JUDGMENT By the court : The title and description of …

Gujarat H.C : Whether, the Tribunal is right in law and on facts in allowing the claims of the assessee in respect of production bonus amounting to Rs. 7,32,449 apart from the staff bonus which was allowed ?

High Court Of Gujarat CIT vs. P.M. Diesel (P) Ltd. Sections 37(1), 37(3A), 37(3B) Asst. Year 1985-86 D.A. Mehta & Ms. H.N. Devani, JJ. IT Ref. No. 300 of 1994 24th November, 2005 Counsel Appeared Manish R. Bhatt, for the Applicant : S.N. Soparkar, for the Respondent JUDGMENT D.A. Mehta, J. : The Tribunal, Ahmedabad Bench …

Gujarat H.C : Whether, the Tribunal is right in law and on facts in deleting the addition of Rs. 1,33,000 made by the ITO on account of cost of construction of the building?

High Court Of Gujarat CIT vs. Nathubhai H. Patel Sections 32(1)(iia), 32A, 69 Asst. Years 1982-83, 1983-84 D.A. Mehta & Ms. H.N. Devani, JJ. IT Ref. No. 298 of 1994 24th November, 2005 Counsel Appeared Manish R. Bhatt & Mrs. M.M. Bhatt, for the Applicant : None, for the Respondent JUDGMENT MS. H.N. Devani, J. : …

S.C : The economy of the business of the assessee worked out on the basis of U.S. $ price and for the purpose of stock valuation, the same was recorded in rupees for which the prevailing exchange rate was applied

Supreme Court Of India Sanjeev Woollen Mills vs. CIT Section 145(1), proviso Asst. Years 1992-93, 1993-94 Dr. AR. Lakshmanan & P.P. Naolekar, JJ. Civil Appeal Nos. 6735 & 6736 of 2003 24th November, 2005 Counsel Appeared B.V. Desai & Ms. Sheenam Parwanda, for the Appellant : Rajiv Dutta with Arijit Prasad & B.V. Balaram Das, for …
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