Month: May 2006

Gauhati H.C : Whether in view of the provisions of s. 8(2)(f)(vii) of the Assam Agrl. IT Act, 1939, as amended by the Assam Act XXIII of 1989 w.e.f. 28th Dec., 1989 (for short “the Assam Act”), unpaid cess under the Assam Taxation (on Specified Lands) Act, 1990 (for short the “Land Act”), is to be allowed as a deduction from the net agricultural income under the Assam Act ?

High Court Of Gauhati (Full Bench) Lankashi Tea And Seed Estates (P) Ltd. & Anr. vs. CIT & Ors. Sections Assam AGRL. IT 2(a), Assam AGRL. IT 8(2)(e), Assam AGRL. IT 8(2)(f)(vii), 37(1), 43B Asst. Years 1991-92, 1992-93 P.G. Agarwal, A.H. Saikia & Ranjan Gogoi, JJ. Writ Petn. Nos. 2784 & 2786 of 1995 and 1456 …

Karnataka H.C : Whether the Tribunal was justified in ignoring the closing stock as shown by the appellant which was subjected to audit under s. 44AB of the Act to support the value of closing stock declared to the bank ?

High Court Of Karnataka Recon Machine Tools (P) Ltd. vs. CIT Sections 40A(2), 69 Asst. Year 1989-90 R. Gururajan & Jawad Rahim, JJ. IT Appeal No. 99 of 2000 30th May, 2006 Counsel Appeared S. Parthasarathi, for the Appellant : M.V. Seshachala, for the Respondent JUDGMENT R. Gururajan, J. : The assessee by name M/s Recon …

Punjab & Haryana H.C : Whether, on the facts and circumstances of the case, the appellant can be said to have concealed the particulars of his income or furnished inaccurate particulars of such income and is thus liable for penalty under s. 271(1)(c) especially in the light of Expln. 5 thereof ?

High Court Of Punjab & Haryana Surender Paul vs. CIT Section 271(1)(c), Expln. 5 Asst. Year 1993-94 Adarsh Kumar Goel & Rajesh Bindal, JJ. IT Appeal No. 42 of 2005 26th May, 2006 Counsel Appeared S.K. Mukhi, for the Appellant : S.K. Garg, for the Respondent ORDER By the court : This is an appeal filed …

Delhi H.C : The petitioners’ case as set out in the writ petition is that although no arrears on account of income-tax or wealth-tax dues were outstanding against them, yet the TRO at New Delhi had got the properties of the petitioners at Dehradun attached for recovery of amounts allegedly due from the petitioners

High Court Of Delhi Roop Chand vs. Union Of India & Ors. Sections 220, 226 T.S. Thakur & Shiv Narayan Dhingra, JJ. Writ Petn. No. 402 of 1989 25th May, 2006 Counsel Appeared K.R. Manjani & Ms. Geeta Luthra, for the Petitioners : R.D. Jolly, for the Respondents JUDGMENT T.S. thakur, J. : In these petitions …

Punjab & Haryana H.C : the assessing authority is justified in taking the action under s. 148 and making reassessment by changing the head of the income from business income to rental income based on the change of opinion and without bringing any material or evidence to justify the issue of notice under s. 148

High Court Of Punjab & Haryana Metal Products Of India vs. CIT Sections 22, 28(i), 147, 148 Asst. Years 1993-94, 1994-95, 1995-96, 1996-97, 1997-98, 1998-99 Adarsh Kumar Goel & Rajesh Bindal, JJ. IT Appeal Nos. 16 to 21 of 2005 23rd May, 2006 Counsel Appeared : Pankaj Jain, for the Appellant Judgment By the court : …

Punjab & Haryana H.C : the Hon’ble Tribunal was justified in law in excluding the amount of sales-tax and excise duty from the total turnover for the purpose of the computation of deduction under s. 80HHC of IT Act, by ignoring that sales-tax and excise duty are part of the billing amount for which the sales have been effected

High Court Of Punjab & Haryana CIT vs. Vardhman Polytex Ltd. Section 80HHC Asst. Year 1995-96 Adarsh Kumar Goel & Rajesh Bindal, JJ. IT Appeal No. 293 of 2005 22nd May, 2006 Counsel Appeared Dr. N.L. Sharda, for the Appellant : Akshay Bhan, for the Respondent JUDGMENT By the court : This is an appeal by …
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