Month: November 2010

Kerala H.C : Whether the assessees are entitled to deduction under section 80HHC in the computation of book profit under section 115JB of the Income-tax Act

High Court Of Kerala (Full Bench) CIT, Cochin Vs. Packworth Udyog Ltd. Section : 115JB, 80HHC C.N. Ramachandran Nair, Bhabani Prasad Ray And P.N. Ravindran, JJ. IT Appeal Nos. 930, 1525, 1638, 1668 And 1681 Of 2009 November 30, 2010 JUDGMENT C.N. Ramachandran Nair, J. – In these appeals filed by the revenue, the only question …

Punjab & Haryana : The Income-tax Appellate Tribunal was right in law in deleting the addition made on account of disallowance of the payment of ESI deposited beyond the due date

High Court Of Punjab And Haryana CIT vs. Rai Agro Industries Ltd. Assessment Year : 1998-99 Section : 43B Adarsh Kumar Goel And Ajay Kumar Mittal, JJ. IT Appeal No. 663 Of 2005 November  30, 2010 JUDGMENT Ajay Kumar Mittal, J. – This appeal under section 260A of the Income-tax Act, 1961 (for short “the Act”) …

Delhi H.C : the interest as income of the assessee holding that it had “accrued” to the assessee even if it was not actually realized as the assessee was following mercantile system of accounting

High Court Of Delhi CIT vs. Vasisth Chay Vyapar Ltd. Section 5, 145 A.K. Sikri & Ms. Reva Khetrapal, JJ. IT Appeal Nos. 552 & 565 of 2005, 1191 of 2007 and 139, 466 & 537 of 2008 29th November, 2010 Counsel Appeared : Sanjeev Sabharwal & Ms. Prem Lata Bansal, for the Appellant : Ajay …

Gujarat H.C : Whether the assessee carries on the manufacturing activity on its own behalf or on behalf of others on job work basis, the income derived therefrom, is income from the industrial undertaking

High Court Of Gujarat CIT Vs. Ambuja Ginning Pressing And Oil Co. (P.) Ltd. Ms. Harsha Devani And H.B. Antani, JJ. Tax Appeal No. 987 Of 2009 November 29, 2010 JUDGMENT Ms. Harsha Devani, J. – In this appeal under section 260A of the Income-tax Act, 1961 (the Act), the appellant-Revenue has proposed the following three questions …
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