Month: April 2012

Madras H.C : The role of the assessee with regard to the goods supplied by supplier is only that of a bailee and so the value of goods cannot constitute income in its hands

High Court Of Madras Tarapore & Co. vs. DCIT, Special Range IX, Chennai Assessment Year : 1987-88 Section : 4 Mrs. Chitra Venkataraman And K. Ravichandra Baabu, JJ. Tax Case (Appeal) No. 1113 Of 2005 April 27, 2012 JUDGMENT Mrs. Chitra Venkataraman, J. – The following are the substantial questions of law raised by the assessee …

Gujarat H.C : The petitioner also seeks a direction to the respondents to return forthwith to the petitioner the seized amount of Rs.11 lakhs with interest thereon at the rate of 15% from the date of seizure thereof till the date of repayment

High Court Of Gujarat Prakash Jaichand Shah Vs. Director Of Income Tax (Investigations) & Ors. Section 132A, 131(1A), 133A Harsha Devani & R. M.Chhaya, JJ. Civil Application No. 11899 of 2000 27th April, 2012 Counsel appeared: JP Shah for the Petitioner.:KM Parikh for the Respondent HARSHA DEVANI, J. By this petition under Article 226 of the …

Delhi H.C : The assessee in consideration of services rendered to insurance Co. in India in the process of re-insurance of the risk placed by Indian Insurance Co. with international re-insuracne companies is amounted to “fees for technical services” within the meaning of the same under the DTAA between India and U.K

High Court Of Delhi Director of Income-tax vs. Guy Carpenter & Co. Ltd. Assessment Year : 2006-07 Section : 9 Badar Durrez Ahmed And V.K. Jain, JJ. IT Appeal No. 202 Of 2012 April 23, 2012 JUDGMENT Badar Durrez Ahmed, J. – The Revenue is in appeal before us being aggrieved by the order dated 30.09.2011 …

Delhi H.C : MOUs entered into by assessee with different parties had proved that assessee had understated sale consideration of property, he was justified in making addition under section 69 of amount of difference between apparent consideration and real value of assets

High Court Of Delhi CIT Vs. Karan Khandelwal Assessment Year : 2003-04 Section : 69 Badar Durrez Ahemed And V. K. Jain, JJ.  IT Appeal Nos. 82 & 334 Of 2009 April 23, 2012 JUDGMENT V. K. Jain, J. – By this common judgment, we shall dispose of both the appeals referred to above. 2. I. …

Allahabad H.C : There was any material before the Appellate Tribunal and it’s order was perverse in upholding the Rs.1,90,000/- introduced by the partner, in the assessee firm at the time of starting of business, as income of the firm

High Court Of Allahabad Abhyudaya Pharmaceuticals Thru’ Partner Sanjay Garg Vs. CIT Section 260A, 68 Asst. Year 1991-92 Ashok Bhushan, & Prakash Krishna, JJ. ITA No. 60/2003 20th April, 2012 Counsel Appeared Akhilesh Kumar, Rishi Raj Kapoor for the Petitioner.: S.C.,A. Kumar,A.N. Mahajan,B. Agarwal,D. Awasthi,G. Krishna,S. Chopra for the Respondent Prakash Krishna, J. 1. The present …
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