Month: April 2011

Calcutta H.C : the transit flat for employees was a guest house and the expenditure in respect thereof was to be disallowed as expenditure on the maintenance of guest house within the meaning of the said provisions

High Court Of Calcutta Goodricke Group Ltd. vs. CIT-II, Kolkata Assessment Year : 1993-94 Section : 33AB, 37(4) Bhaskar Bhattacharya And Sambuddha Chakrabarti, JJ. IT Appeal Nos. 537 And 538 Of 2004 April 29, 2011 JUDGMENT Bhaskar Bhattacharya, J. – These two appeals were heard analogously as two of the points involved herein are common, whereas …

Madras H.C : the assessee’s income from letting out its factory is to be treated as business income, when there was nothing on record to show that the assessee had only let out the same temporarily and intended to resume its business

High Court Of Madras CIT vs. Venkateswara Agro Chemicals and Minerals (P.) Ltd. Assessment Years : 1997-98 To 1999-2000 Section : 56, 28(I) Elipe Dharma Rao And M. Venugopal, JJ. Tax Appeal Case Nos. 201 To 203 Of 2008 April 29, 2011 JUDGMENT Elipe Dharma Rao, J. – These appeals are preferred by the Revenue against …

Madras H.C : Where seller stated that he had not made any sales and given only bills to assessee and assessee had not chosen to cross-examine said seller, penalty under section 271(1)(c) was rightly levied upon assessee

High Court Of Madras CIT vs. Mahaveer Mirror Industries (P.) Ltd. Assessment Years : 2000-01 And 2001-02 Section : 271(1)(c) Elipe Dharma Rao And M. Venugopal, JJ. Tax Case (Appeal) Nos. 58 And 59 Of 2008 April 26, 2011 JUDGMENT Elipe Dharma Rao, J. – Since the issue involved in both these tax appeals are one …

Madras H.C : the assessee is entitled to investment allowance in respect of X-ray, ultra sound, angiography, gamma camera, stress analysis equipment etc.

High Court Of Madras CIT-I, Chennai vs. Apollo Hospital Enterprises Assessment Year : 1989-90 Section : 32A Mrs. Chitra Venkataraman And P.P.S. Janarthana Raja, JJ. Tax Case (Appeal) No. 955 Of 2004 April 26, 2011 JUDGMENT P.P.S. Janarthana Raja, J. – The revenue has come on appeal as against the order of the Income-tax Appellate Tribunal, …

Madras H.C : Where there is no seized material with investigating officials in case of searched person, assumption of jurisdiction under section 153C in assessee’s case is not valid

High Court Of Madras CIT vs. Late J. Chandrasekar (HUF) Section : 153C Mrs. Chitra Venkataraman And P. P. S. Janarthana Raja, JJ. T.C.(A) Nos. 159 To 161 Of 2011 And M.P. Nos. 1 And 1 Of 2011 April 26, 2011 JUDGMENT Mrs. Chitra Venkataraman, J. – As against the order of the Tribunal, the Revenue …
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