Month: February 2007

Punjab & Haryana H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in allowing deduction under s. 80J for asst. yrs. 1979-80 and 1980-81 when the period of five years laid down in sub-s. (2) of s. 80J had already expired ?Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in allowing deduction under s. 80J for asst. yrs. 1979-80 and 1980-81 when the period of five years laid down in sub-s. (2) of s. 80J had already expired ?

High Court Of Punjab & Haryana CIT vs. Metalways (P) Ltd. Section 80J(4) Asst. Years 1979-80, 1980-81 M.M. Kumar & Rajesh Bindal, JJ. IT Ref. Nos. 336 & 337 of 1996 28th February, 2007 Counsel Appeared Sanjiv Bansal, for the Revenue : S.K. Mukhi, for the Assessee JUDGMENT Rajesh Bindal, J. : The following question of …

Madras H.C : Whether the Tribunal is correct in law in upholding the addition of Rs. 10,00,000 under s. 69 of the Act as unexplained investment in shares of M/s Sai Television even though there was no investment by the appellant in the said company shares for the asst. yr. 1997-98 ?

High Court Of Madras Ravi Prakash Khemka vs. CIT Section 2(24)(iv), 69 Asst. Year 1997-98 P.D. Dinakaran & Mrs. Chitra Venkataraman, JJ. Tax Case No. 848 of 2005 28th February, 2007 Counsel Appeared : T.N. Seetharaman for C.V. Rajan, for the Appellants : Mrs. Pushya Sitaraman, for the Respondent JUDGMENT Mrs. Chitra Venkataraman, J. : The …

Madras H.C : the Tribunal was right in treating the right to telecast the programme in foreign countries, as a sale of goods or merchandise eligible for the purpose of deduction under s. 80HHC

High Court Of Madras CIT vs. SUN T.V. Ltd. Section 80HHC Asst. Year 1998-99 P.D. Dinakaran & Mrs. Chitra Venkataraman, JJ. Tax Case (Appeal) No. 99 of 2007 28th February, 2007 Counsel Appeared : J. Narayanaswamy, for the Appellant : P.S. Raman, for the Respondent JUDGMENT P.D. Dinakaran, J. : This appeal is directed against the …

Uttarakhand H.C : Whether on the facts and in the circumstances of the case, the Tribunal was legally justified in confirming the view of the CIT(A) who held that the sale proceeds of the plants raised in the nursery on the land constituted the income from agriculture ?

High Court Of Uttarakhand CIT vs. Green Gold Tree Farmers (P) Ltd. Section 2(1A) Asst. Year 1989-90 P.C. Verma & B.C. Kandpal, JJ. IT Ref. No. 10 of 2001 28th February, 2007 Counsel Appeared : Arvind Vashist, for the Appellant JUDGMENT By the court : By means of this reference, the Tribunal has required the opinion …

Madras H.C : The issuance of notice for reassessment under s. 148

High Court Of Madras Fisher Xomox Sanmar Ltd. vs. ACIT Section 147, 149, Constitution of India, Art. 226 Asst. Year 1993-94 P.D. Dinakaran & Mrs. Chitra Venkataraman, JJ. Writ Petn. No. 16331 of 2003 28th February, 2007 Counsel Appeared : Ramachandran for Anitha Sumanth, for the Petitioner : Mrs. Pushya Sitaraman, for the Respondent ORDER P.D. …

Gauhati H.C : Whether, on the facts and in the circumstances of the case, the appellant corporation is not entitled for the benefit of exemption under s. 10(26B) of the IT Act, 1961 ?

High Court Of Gauhati Arunachal Pradesh Forest Corporation Ltd. vs. Assistant Commissioner Of Income Tax & Ors. Section 10(26B) P.G. Agarwal & Smt. A. Hazarika, JJ. IT Appeal Nos. 42 & 44 to 47 of 2004 28th February, 2007 Counsel Appeared : Dr. A.K. Saraf, D. Baruah, Ms. N. Hawelia, Ms. M.L. Gope, S. Chetia & …

Madras H.C : Whether in the facts and circumstances of the case, the Tribunal was right in excluding additional discount charges from the chargeable interest under the Interest-tax Act ?

High Court Of Madras CIT vs. Cholamandalam Investment & Finance Co. Ltd. Section INT 2(7) Asst. Year 1996-97, 1999-2000 P.D. Dinakaran & Mrs. Chitra Venkataraman, JJ. Tax Case (Appeal) Nos. 149 to 153 of 2004 27th February, 2007 Counsel Appeared : J. Narayanasamy, for the Appellant JUDGMENT P.D. DINAKARAN, J. : The above tax case appeals …
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