Month: July 2011

Allahabad H.C : Whether before ordering special audit under section 142(2A) satisfaction of complexity of accounts is required to be arrived at by discussing accounts in meticulous details

High Court Of Allahabad U.P. State Industrial Development Corpn. Ltd. vs. CCIT Assessment Year : 2008-09 Section : 142 Sunil Ambwani And Pankaj Mithal, Jj. Civil Misc. Writ Tax No. 1051 Of 2011 July 29, 2011 JUDGMENT 1. We have heard Shri S.K. Garg for the petitioner. Shri Ashok Kumar appears for the Income Tax Department. …

Karnataka H.C : The assessee pays tax subsequent to the 1st day of April of an assessment year but before or along with the date of return, if that tax is ordered to be refunded, what is the date from which interest is payable on such refund under section 244A

High Court Of Karnataka CIT vs. Vijaya Bank Assessment Year : 2002-03 Section : 244A N. Kumar And Ravi Malimath, JJ. IT Appeal No. 45 Of 2011 July 27, 2011 JUDGMENT N. Kumar, J. – The appeal is admitted to consider the following substantial question of law : “When the assessee pays tax subsequent to the …

Karnataka H.C : The income detected pursuant to search cannot be brought to tax in the Block assessment despite the same having not been disclosed within the stipulated time prescribed under section 139 of the Act and consequently should be treated as NIL income as per section 158BB(1)(ca)

High Court Of Karnataka CIT, Central Circle vs. H.E. Mynuddin Pasha Assessment Years : 1990-2000 And 2000-01 Section : 158BC N. Kumar And Ravi Malimath, JJ. IT Appeal Nos. 931,935 & 957 Of 2006 July 27, 2011 JUDGMENT 1. The Revenue has preferred this appeal challenging the order passed by the Tribunal which held that the …

Delhi H.C : Whether conditions stipulated for compounding of a technical offence being very clear and unambiguous, compounding of such an offence is not permissible after filing of complaint

High Court Of Delhi Anil Batra vs. CCIT Assessment Years : 1982-83 to 1984-85 Section : 279, 276B A.K. Sikri And M.L. Mehta, JJ. W.P.(C) No. 4673 Of 2010 July 27, 2011 JUDGMENT M.L. Mehta, J – The Petitioner is the Managing Director of M/s Anil Batra and Associates Private Limited. During the AY 1982-83, tax …

Madras H.C : Where assessee was allotted a car as first prize under National Saving Scheme, such prize could not be treated as lotteries under section 2(24)(ix)

High Court Of Madras CIT vs. Dr.S.P. Suguna Seelan Section : 2(24) Mrs. Chitra Venkataraman And M. Jaichandren, JJ. Tax Case (Appeal) No. 382 Of 2005 July 26, 2011 JUDGMENT Mrs. Chitra Venkataraman, J. – The learned counsel for the assessee, as well as the standing counsel for the Revenue fairly stated before this court that …

AAR : Applicant is a Korean company engaged in business of manufacturing electric wire and cable for power distribution – It entered into three separate contracts with an Indian company, namely, DTL for supply, laying, jointing, testing and commissioning of certain projects in India

Authority For Advance Rulings (Income-Tax) New Delhi LS Cable Ltd., In Re Section : 9 Justice P.K. Balasubramanyan, Chairman And V.K. Shridhar, Member A.A.R. Nos. 858-861 Of 2009 July  26, 2011 RULING   V.K. Shridhar, Member. – Four applications are filed by the applicant, LS Cable Limited. The applicant is a company incorporated and located in …
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