Month: May 2008

Allahabad H.C : Shri G.K. Lath, chartered accountant possessed the requisite ‘authority’ to receive the notice under section 143(2) on behalf of the assessee and in rejecting the assessee’s plea against the validity of assessment on the ground of non-service of notice under section 143(2)

High Court Of Allahabad Harsingar Gutkha (P.) Ltd. vs. CIT Assessment Year : 2000-01 Section : 282 Rajes Kumar And S.S. Chauhan, JJ. ITA No. 1 Of 2005 May 22, 2008 JUDGMENT Rajes Kumar, J. – This is an appeal under section 260A of the Income-tax Act, 1961 (hereinafter referred to as the “Act”), directed against …

Allahabad H.C : Shri G.K. Lath, chartered accountant possessed the requisite ‘authority’ to receive the notice under section 143(2) on behalf of the assessee and in rejecting the assessee’s plea against the validity of assessment on the ground of non-service of notice under section 143(2)

High Court Of Allahabad Harsingar Gutkha (P.) Ltd. vs. CIT Assessment Year 2000-01 Section 282 Rajes Kumar And S.S. Chauhan, JJ. ITA No. 1 Of 2005 May  22, 2008 JUDGMENT Rajes Kumar, J. – This is an appeal under section 260A of the Income-tax Act, 1961 (hereinafter referred to as the “Act”), directed against the order …

Gujarat H.C : Whether, the Tribunal is right in law and on facts in allowing deduction of interest amounting to Rs. 38,92,769 under s. 36(1)(iii) on the funds borrowed for setting up of a new business which is unconnected with the regular business of the assessee

High Court Of Gujarat CIT vs. Vadilal Dairy International Ltd. Section 36(1)(iii), 37(1) Asst. Year 1993-94 D.A. Mehta & Z.K. Saiyed, JJ. IT Ref. No. 40 of 1999 13th May, 2008 Counsel Appeared : B.B. Naik, for the Applicant : Mrs. Swati Soparkar, for the Respondent JUDGMENT D.A. Mehta, J. : This reference is, in fact, …

Punjab & Haryana H.C : Whether on the facts and in the circumstances of the case, the learned Tribunal was right in law in upholding the order of the CIT(A), deleting the demand created by the AO under s. 201(1) and 201 (1A) of the IT Act, 1961, as the assessee failed to deduct tax at source as per the provisions of s. 194C of the Act ?

High Court Of Punjab & Haryana CIT vs. United Rice Land Ltd. Section 194C Rajive Bhalla & Rakesh Kumar Garg, JJ. IT Appeal No. 633 of 2007 12th May, 2008 Counsel appeared : Sanjeev Kaushik, for the Revenue JUDGMENT Rakesh Kumar Garg, J. : The Revenue has filed the present appeal under s. 260A of the …

Rajasthan H.C : Whether the expenditure incurred on the renovation and maintenance of a building can be treated as acquisition of asset so as to incur the liability of income-tax on the plea of acquisition of a new asset, has already been dealt with by a Co-ordinate Bench of this Court

High Court Of Rajasthan : Jaipur Bench DCIT (Assessment) vs. Indo Continental Hotel & Resorts Ltd. Section 4, 30 Mrs. Gyan Sudha Misra & Chatra Ram, JJ. IT Appeal No. 11 of 1999 9th May, 2008 Counsel Appeared : Anuroop Singhi, for the Appellant : Vaibhav Kasliwal, for the Respondent JUDGMENT By the court : This …

Gujarat H.C : Assessee has not submitted its accounts in Form No. 10AA on or before 30th June, 2004, to the DGIT(E), New Delhi as required under s. 80G(5C) (v) of the IT Act, 1961 r/w r. 18AAAA of the IT Rules, 1962, whereas s. 12(3) of the IT Act, 1961 specifically mentioned about the accounts, which have not been rendered before the prescribed authority in given time ?

High Court Of Gujarat Director Of Income Tax (Exemption) vs. Divyajyot Foundation Section 12(3), 80G(5C)(v), IT Rule 18AAAA Y.R. Meena, C.J. & J.C. Upadhyaya, J. Tax Appeal Nos. 249, 251 & 266 of 2008 6th May, 2008 Counsel Appeared : Mrs. Mauna M. Bhatt & Manish R. Bhatt, for the Appellant : None, for the Respondent …
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