Month: November 2007

Madras H.C : the revisional powers under s. 264 clearly provide that the CIT can pass such order, not being prejudicial to the assessee and when the CIT himself is prohibited by passing an order prejudicial to the assessee under s. 264

High Court Of Madras N. Seetharaman vs. CIT Sections 143, 264, Constitution of India, Art. 226 Asst. Years 1989-90, 1990-91, 1991-92, 1992-93, 1993-94, 1994-95, 1995-96, 1996-97, 199798, 1998-99, 1999-2000 S. Manikumar, J. Writ Petn. No. 12060 of 2004 & W.P.M.P. No. 14100 of 2004 29th November, 2007 Counsel Appeared : R. Srinivasan, for the Petitioner : …

Delhi H.C : The addition of an amount of Rs. 10,37,737 and Rs. 1,88,172 made by the AO on account of delayed payment of provident fund and Employees State Insurance respectively.

High Court Of Delhi CIT vs. Dharmendra Sharma Section 43B, 260A Asst. Year 2001-02 Madan B. Lokur & Dr. S. Muralidhar, JJ. IT Appeal No. 644 of 2007 28th November, 2007 Counsel Appeared Mrs. P.L. Bansal, for the Appellant : Dr. Rakesh Gupta with Ms. Poonam Ahuja, for the Respondent ORDER By the court : The …

Delhi H.C : Whether the Tribunal was correct in law in allowing the adjustment of Rs. 54,83,272 to the assessee in the opening stock for the previous asst. yr. 1998-99 (being a transitional year) under s. 145A of the IT Act, 1961 ?

High Court Of Delhi CIT vs. Mahavir Aluminium Ltd. Section 145A Asst. Year 1999-2000 Madan B. Lokur & Dr. S. Muralidhar, JJ. IT Appeal No. 348 of 2007 28th November, 2007 Counsel Appeared : Ms. Prem Lata Bansal, for the Appellant : M.S. Syali with Ms. Mahua C. Kalra, Saubhagya Agarwal & Aseem Mewar, for the …

S.C : the assessee concerns application of s. 154 of the IT Act, 1961 (“1961 Act”) which provides for rectification of any mistake apparent from the record by any IT authority. It may be mentioned at this stage that the words “rectification of any mistake apparent from the record” find place in s. 254(2)

Supreme Court Of India Honda SIEL Power Products Ltd. vs. CIT Section 254(2) Asst. Year 1991-92 S. H. Kapadia & B. Sudershan Reddy, JJ. Civil Appeal No. 5412 of 2007 26th November, 2007 Counsel Appeared Ms. Kavita Jha & Sandeep S. Karnail, for the Appellant : P.P. Malhotra with I. Ahmad, K.K. Tyagi, P.Narasimhan & Ms. …

Karnataka H.C : M/s Embassy Builders had not rendered any service at all as consultants and the payment to them is not genuine and does not qualify for deduction under s. 148 of the IT Act, 1961, in the light of the documentary evidence

High Court Of Karnataka Asgar Jan vs. CIT Section 48 Asst. Year 1991-92 K.L. Manjunath & N. Ananda, JJ. IT R.C. No. 460 of 1998 26th November, 2007 Counsel Appeared : S. Ganesh Rao & K. Venugopala Raju, for the Assesee : M.V. Seshachala, for the CIT JUDGMENT K. L. Manjunath, J. : This reference is …

Andhra Pradesh H.C : Whether on the facts and in the circumstances of the case, the Tribunal is justified in holding that the instruction No. 1979 issued by CBDT stipulating monetary ceiling for institution of appeals acquires the character of circular instruction within purview of s. 119(2)(a) of IT Act, and militate against institution of appeals by the Department contrary to such instruction ?”

High Court Of Andhra Pradesh CIT vs. A. Raajendra Prasad & Ors. Sections 119, 253(2), Asst. Years 1990-91, 1991-92, 1992-93, 1994-95, 1995-96, 1996-97, 199-98, 1998-99, 2001-02, 2002-03, 2003-04 Bilal Nazki, ACTG. C.J. & Nooty Ramamohana Rao, J. IT Appeal Nos. 261, 269, 270, 292, 293, 307, 312, 315, 318, 319, 326 & 334 of 2003; 2, …
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