Month: August 2012

Allahabad H.C : The expenditure incurred on advertisement in newspaper, is not a debatable question and is a mistake apparent on the face of record and rectifiable under section 154

High Court Of Allahabad Kesharwani Zarda Bhandar Vs. CIT Assessment Year : 1979-80 Section : 154, 37(3)/(3A), Sunil Ambwani And Aditya Nath Mittal, JJ. IT Reference No. 113 Of 1988 August 31, 2012 JUDGMENT 1. We have heard Shri Krishna Agarwal, learned counsel appearing for the appellant-assessee. Shri Govind Krishna appears for the Revenue. 2. The …

Delhi H.C : Where receipts recorded in searched documents are believed to be income, entries of expenditure recorded therein are also to be believed without asking for more evidence for such expenditure’

High Court Of Delhi CIT VS. Indeo Airways (P.) Ltd. Assessment Years : 1998-99 And 1999-2000 Section : 132 S. Ravindra Bhat And R.V. Easwar, JJ. IT Appeal Nos. 1620 & 1622 Of 2010 C.M. No. 18588 Of 2010 August 31, 2012 ORDER S. Ravindra Bhat, J. – The Revenue in the present appeals directed against …

S.C : The Respondent-Assessee was entitled for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961 in respect of income from underwriting commission and interest on PSEB Bonds and IDBI Bonds

Supreme Court Of India CIT, Jalandhar Vs. Nawanshahar Central Co-Op. Bank Ltd. Section : 80P S.H. Kapadia, Cj. Madan B. Lokur, J. Civil Appeal Nos. 5975 & 5976 Of 2004 August 30, 2012 ORDER Heard learned counsel on both sides. The civil appeals are dismissed. No order as to costs. ORDER Heard learned counsel on both …

Calcutta H.C : Issue are vitiated in law having been recorded by it without any material and/or in disregard of the undisputed material facts including the relevant and vital evidences on record and whether such findings are wholly unreasonable and/or otherwise perverse

High Court Of Calcutta Standipack Pvt. Ltd. vs. CIT & Ors. Section 37(1), 73, 68, 120 Asst. Year 1991-92 K. J. Sengupta & Joymalya Bagchi, JJ. ITA No. 98 of 2003, 99 of 2003 & 265 of 2003 30th August, 2012 Counsel appeared J. P. Khaitan, D. Mitra, S. Das, Advocate for the Appellant.: R. N. …

S.C : In view of the concurrent findings recorded by the Courts

Supreme Court Of India CIT vs. Monnet Industries Ltd Section 36(1)(iii) Asst. Year 1996-97 S. H. Kapadia CJI & Madan B. Lokur, J. Special Leave to Appeal (Civil) No(s) 21391/2009 29th August, 2012 Counsel appeared: V. Shekhar, Rupesh Kumar, A. Subhashini, Vishal Saxena, Shaveta Chaudhary, Anil Katiyar, B. V. Balaram Das, Advs. for the Petitioner.: Ajay …

Delhi H.C : The petitioner seeks a writ or direction to the respondents to allow interest to the tune of Rs.22,85,842/- for the alleged inordinate delay in releasing the amount of Rs.92,82,700/-under Section 132-B (3)

High Court Of Delhi G.L. JAIN vs. CIT-XI & Ors. Section 132B(3) Asst. Year 1999-2000 to 2004-2005 S. Ravindra Bhat & R. V. Easwar, JJ. WP (C) 876/2012 28th August, 2012 Counsel appeared Deepak Chopra, Harpreet Singh Ajmani, Advocate., M. P. Singh, Advocate for the Respondent S. Ravindra Bhat, J. ADMIT. With consent of counsel for …
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