Month: July 2006

Punjab & Haryana H.C : Whether, on the facts and circumstances of the case, the Tribunal was justified in confirming the action of authorities below by upholding the addition made on account of impugned gifts of Rs. 47,752 and Rs. 35,752 (being enhancement of income) ?

High Court Of Punjab & Haryana Subhash Chander Sekhri vs. DCIT Sections 68, 260A Asst. Year 1993-94 Adarsh Kumar Goel & Rajesh Bindal, JJ. IT Appeal No. 265 of 2006 31st July, 2006 Counsel Appeared S.K. Mukhi, for the Appellant JUDGMENT By the court : This is an appeal filed by the assessee raising following substantial …

Allahabad H.C : The ITO did not have jurisdiction to impose penalty under s. 271(1)(c) without obtaining the prior consent of the IAC in terms of cl. (iii) of sub-s. (1) of s. 271 of the IT Act, 1961

High Court Of Allahabad CIT vs. Ganesh & Co. Section 271(1)(c) Asst. Year 1974-75, 1975-76 R.K. Agrawal & Vikram Nath, JJ. IT Ref. No. 42 of 1990 31st July, 2006 Counsel Appeared : Shambhoo Chopra, for the Revenue JUDGMENT By the court : The Tribunal, Allahabad, has referred the following question of law under s. 256(1) …

AAR : Whether in the facts and circumstances of the case and in law, salary income received in India by Mr. Manish Gupta from British Gas India (P) Ltd. for rendering services outside India is taxable in India ?

Authority For Advance Rulings British Gas India (P) Ltd., In Re Section 6(1), Expln. (a) Asst. Year 2006-07 Syed Shah Mohammed Quadri, J., Chairman & A.S. Narang, Member AAR No. 725 of 2006 31st July, 2006 Counsel Appeared M.S. Syali, for the Applicant : None, for the CIT concerned ORDER Syed Shah Mohammed Quadri, J., chairman …

Gujarat H.C : the value of gold ornaments of Rs. 1,20,000 which was not accounted for in the books of account of assessee was assessable in asst. yr. 1988-89 instead of asst. yr. 1987-88 ?

High Court Of Gujarat CIT vs. Baroda Chain Works Section 69A Asst. Year 1987-88 R.S. Garg & M.R. Shah, JJ. IT Ref. No. 230 of 1995 31st July, 2006 Counsel Appeared : Mrs. Mona Bhatt, for the Applicant : S.N. Soparkar with Ms. Jolly R. Parikh, for the Respondent JUDGMENT R.S. GARG, J. : Smt. Mona …

Gujarat H.C : Whether on the facts and in the circumstances of the case, the Tribunal was right in law in holding that Gujarat Maritime Board fulfils the conditions as envisaged in s. 12AA of the IT Act, 1961, which are necessary for its registration under s. 12A of the said Act ?

High Court Of Gujarat CIT vs. Gujarat Maritime Board Sections 12A, 12AA, 260A Y.R. Meena, Actg. C.J. & D.A. Mehta, J. Tax Appeal No. 1433 of 2005 31st July, 2006 Counel Appeared : Tanvish U. Bhatt, for the Appellant : Mrs. Swati Soparkar, for the Respondent ORDER By the court : The following question is proposed …

Punjab & Haryana H.C : Whether on the facts and in the circumstances of the case, the Tribunal was correct in law in holding that Central excise duty component could not be included in the value of closing stock ?

High Court Of Punjab & Haryana CIT vs. Groz Beckert Asia Ltd. Section 80HHC, 145 Adarsh Kumar Goel & Rajesh Bindal, JJ. IT Appeal No. 136 of 2005 28th July, 2006 Counsel Appeared : Dr. N.L. Sharda, for the Appellant : Ms. Radhika Suri, for the Respondent ORDER By the court : This is an appeal …
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