Month: September 2007

Uttarakhand H.C : the AO as well as CIT(A) were right in adding the amount of Rs. 99,04,000 for the asst. yr. 1986-87 and amount worth Rs. 64,64,530 for the asst. yr. 1987-88 received by the assessee towards mobilization charges for the purpose of imposing income-tax

High Court Of Uttarakhand Sedco Forex International Inc. vs. CIT & ANR. Section 44BB Asst. Year 1986-87, 1987-88 P.C. Verma & B.C. Kandpal, JJ. IT Appeal No. 99 of 1999 (New No. 434 of 2001) 28th September, 2007 Counsel Appeared : Porus Kaka, for the Petitioner : Pitamber Maulekhi, for the Respondents JUDGMENT By the court …

Rajasthan H.C : Whether on the facts and in the circumstances of the case the Tribunal was justified in law in altogether ignoring the circumstantial evidence and deleting the addition of Rs. 1,55,000 made on account of undeclared payments made for the purchase of immovable property ?

High Court Of Rajasthan CIT vs. Chandra Chemoux Section 69, 158BB, 256(2) Block period 1986-87 to 1996-97 Bhagwati Prasad & Munishwar Nath Bhandari, JJ. IT Ref. Appln. No. 97 of 1999 26th September, 2007 Counsel Appeared : K.K. Bissa, for the Applicant : Sanjeev Johari, for the Respondent JUDGMENT MUNISHWAR NATH BHANDARI, J. : Both these …

Delhi H.C : whether the assessee had incurred a capital expenditure of Rs. 87,22,447 on purchase of Axial machine along with machinery spares and computers which was claimed as a research and development expenditure allowable under s. 35(1)

High Court Of Delhi CIT vs. Deltron Ltd. Section 35 Asst. Year 1999-2000 Madan B. Lokur & Dr. S. Muralidhar, JJ. IT Appeal No. 1443 of 2006 26th September, 2007 Counsel Appeared : Ms. P.L. Bansal, for the Appellant : M.S. Syali with Saubhagya Agarwal, for the Respondent ORDER By the court : In this appeal …

Delhi H.C : No interest u/s 217 was chargeable in this case despite the fact that the assessee company did not file statement of income/estimate of income as required under s. 209A of the IT Act for the asst. yr. 1979-80

High Court Of Delhi CIT vs. Televista Electronics (P) Ltd. Section 209, 209A, 217 Madan B. Lokur & Dr. S. Muralidhar, JJ. IT Ref. No. 228 of 1985 24th September, 2007 Counsel Appeared Ms. P.L. Bansal, for the Petitioner : Satyen Sethi, for the Respondent JUDGMENT Dr. S. Muralidhar, J. : In this reference under s. …

Uttarakhand H.C : Whether the service rendered by inspecting the three units of control system of RR avon gas generator driven process gas compressor used in connection with the production of oil at SHP platform can be said to be a technical service or not ?

High Court Of Uttarakhand CIT vs. ONGC Assessment Year : 2001-02 Section : 44D P.C.Verma And M.M. Ghildiyal, JJ. IT Appeal No. 86 Of 2007 September 20, 2007 JUDGMENT 1. This appeal under section 260A of the Income-tax Act, 1961, has been filed against the order dated December 22, 2006, passed by the Income-tax Appellate Tribunal, …

Allahabad H.C : Whether on the facts and circumstances of the case, the Tribunal was legally correct in holding that the expenditure by the assessee on replacement on one Turbine Rotor amounting to Rs. 1,05,44,904 was on account of current repairs and as such, it was revenue account expenditure ?

High Court Of Allahabad CIT vs. Renu Sagar Power Co. Ltd. Section 31, 37(1) Asst. Year 1979-80 Prakash Krishna & Ms. Bharati Sapru, JJ. IT Ref. No. 95 of 1989 20th September, 2007 Counsel Appeared : R.K. Upadhyaya, for the CIT : R.K. Morarka, for the Assessee JUDGMENT By the court : The Income Tax Tribunal, …

Madhya Pradesh H.C : The assessee was entitled to claim depreciation on the machine-Tetrapack and claimed deduction amounting to Rs. 28,87,651 when even according to the assessee the said machine was not put to use during the relevant year in question

High Court Of Madhya Pradesh : Indore Bench CIT vs. Premier Industries (India) Ltd. Section 32 Asst. Year 1991-92 S.K. Kulshrestha & A.K. Shrivastava, JJ. IT Appeal Nos. 65 of 2003 and 61 of 2006 19th September, 2007 Counsel Appeared : R.L. Jain with Ms. Veena Mandlik, for the Appellant : G.M. Chaphekar with D.S. Kale, …
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