Month: January 2007

Karnataka H.C : the partner of the respondent-firm has not furnished the names and addresses of the persons whose documents are said to have been impounded, it will be very difficult for the authorities to proceed further in the matter. It is contended that the order under appeal is contrary to s. 133A

High Court Of Karnataka Income Tax Officer & Ors. vs. Raj And Raj Investments Section 133A V. Gopala Gowda & H. Billappa, JJ. Writ Appeal No. 39 of 2007 31st January, 2007 Counsel Appeared M.V. Seshachala & K.V. Aravind, for the Appellants : K.S. Hanumantha Rao, for the Respondent JUDGMENT V. Gopala Gowda, J. : The …

Madras H.C : the assessee could set off carry forward loss only to the extent of business income and that only the carried forward depreciation loss could be adjusted against the short-term capital gains

High Court Of Madras CIT vs. Nonmag Wires (P) Ltd. Section 154 P.D. Dinakaran & Mrs. Chitra Venkataraman, JJ. Tax Case (Appeal) No. 206 of 2003 31st January, 2007 Counsel Appeared : Mrs. Pushya Sitaraman, for the Appellant JUDGMENT Mrs. Chitra Venkataraman, J. : This appeal is by the Revenue, challenging the order of the Tribunal, …

Kerala H.C : the expenditure incurred on the installation of water treatment plant and fume extraction plant is revenue expenditure and not capital expenditure

High Court Of Kerala (Full Bench) CIT vs. Glen View Rubber Co. (P) Ltd. Section 37(1) Asst. Year 1991-92 K.S. Radhakrishnan, ACTG. C.J.; K. Balakrishnan Nair & M.N. Krishnan, JJ. IT Appeal No. 119 of 2001 30th January, 2007 Counsel Appeared P.K.R. Menon & George K. George, for the Appellant : T.M. Mohammed Yousuff, Smt. Aysha …

Madras H.C : Whether, in the facts and circumstances of the case, the Tribunal was right in holding that depreciation should be allowed on standby spare parts even though they were not taken for use during the year ?

High Court Of Madras CIT vs. Southern Petrochemical Industries Corporation Ltd. Section 32, 37(1) Asst. Year 1986-87 & 1987-88 P.D. Dinakaran & Mrs. Chitra Venkataraman, JJ. Tax Case (Appeal) Nos. 74 & 75 of 2003 29th January, 2007 Counsel Appeared : Mrs. Pushya Sitaraman, for the Appellant : R. Vijayaraghavan, for the Respondent JUDGMENT P.D. DINAKARAN, …

Madras H.C : Whether on the facts and circumstances of the case, the Tribunal was right in holding that as long as the assessee writes off a debt as bad debt, the question whether it was indeed a bad debt should not be gone into ?

High Court Of Madras CIT vs. Brilliant Tutorials (P) Ltd. Sections 36(1)(vii), 37(1) Asst. Year 2002-03 P.D. Dinakaran & Mrs. Chitra Venkataraman, JJ. Tax Case (Appeal) No. 6 of 2007 29th January, 2007 Counsel Appeared J. Narayanaswamy, for the Appellant JUDGMENT Mrs. Chitra Venkataraman, J. : Revenue is in appeal against the order of the Tribunal. …

Madras H.C : Whether, on the facts and in the circumstances of the case, the Tribunal is right in law in deleting the addition made under s. 69 of the IT Act as unexplained investment ?

High Court Of Madras CIT vs. Smt. V. Prema Section 69 Asst. Year 1988-89 P.D. Dinakaran & Mrs. Chitra Venkataraman, JJ. Tax Case No. 29 of 2002 29th January, 2007 Counsel Appeared : J. Narayanasamy, for the Applicant : R. Vijayaraghavan, for the Respondent JUDGMENT P.D. Dinkaran, J. : At the instance of the Revenue, the …

Madras H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the lands are not agricultural lands and hence profit on sale of the lands is assessable as capital gains ?

High Court Of Madras M.S. Srinivasa Naicker vs. ITO Section 2(14)(iii), 4, 45, 69 Asst. Year 1993-94 P.D. Dinakaran & Mrs. Chitra Venkataraman, JJ. Tax Case (Appeal) No. 139 of 2003 29th January, 2007 Counsel Appeared : R. Vijayaraghavan, for the Appellants : J. Narayanasami, for the Respondent JUDGMENT MRs. CHITRA VENKATARAMAN, J. : These appeals …

Bombay H.C : Reopening of the assessment order under s. 148

High Court Of Bombay Asian Paints Ltd. vs. DCIT & Anr. Section 147, 148 Dr. S. Radhakrishnan & J.P. Devadhar, JJ. Writ Petn. No. 91 of 2007 29th January, 2007 Counsel Appeared : S.E. Dastur with R. Murlidhar & A.K. Jasani, for the Petitioners : B.M. Chatterji with Ms. P.P. Bhosle, for the Respondents : R.K. …

Karnataka H.C : The case of amalgamation of borrower with the lender, the entries to be passed in the books of the amalgamated company would be different from the situation where no amalgamation takes place

High Court Of Karnataka CIT vs. United Breweries Ltd. & Anr. Sections 36(1)(vii), 36(2), 37(1) Asst. Year 1995-96 R. Gururajan & N. Ananda, JJ. IT Appeal No. 25 of 2000 25th January, 2007 Counsel Appeared Dr. R.B. Krishna, for the Revenue : S. Parthasarathi, for the Assessee JUDGMENT R. Gururajan, J. : IT Appeal No. 25 …
Malcare WordPress Security