Month: January 2013

Bombay H.C : the claim of exemption under Section 10 (23C)(iiiab)

High Court Of Bombay Tolani Education Society vs. Deputy Director Of Income Tax (Exemption) & Ors. Section 12A, 10(23C)(vi), Asst. Year 2003-04 Dr. D. Y. Chandrachud & A. A. Sayed, JJ. WP NO. 1167 OF 2012 31st January, 2013 Counsel appeared S. E. Dastur, Sr. Counsel with Nitesh Joshi and Atul K. Jasani and P. C. …

Punjab & Haryana H.C : Whether under the facts and circumstances of the case and on the true & correct interpretation for the provisions of Section 29, 145, while arriving at the ’chargeable income’, the action is sustainable in concluding the ’proceedings on presumption’ ignoring ’material fact’ containing ’material particulars’ on record?

High Court Of Punjab & Haryana Dr. Gurvinder Singh Randhawa vs. CIT Section 29 Asst. Year 2006-07 Hemant Gupta & Ritu Bahri, JJ. ITA No. 135 of 2012 (O&M) 30th January, 2013 Counsel appeared Pankaj Jain, Advocate and Devender Goyal, Advocate for the appellant HEMANT GUPTA, J. 1. The present appeal under Section 260A of the …

Delhi H.C : the ITAT has not erred in law in case of the respondent for deleting the addition of Rs.26,27,610/- for AY 1998-1999 in the block assessment as his undisclosed income substantively from his proprietorship concern

High Court Of Delhi CIT-XI vs. Kuldeep Sood Section 158BC Asst. Year 1998-1999 Badar Durrez Ahmed & R. V. Easwar, JJ. ITA No. 43/2013 30th January, 2013 Counsel appeared Sanjeev Rajpal for the Petitioner.: None for the Respondent R. V. EASWAR, J. 1. This appeal has been filed by the Revenue and it is directed against …

Allahabad H.C :The Income Tax Appellate Tribunal was legally right in not quashing the penalty proceedings under Section 273(2)(a) of the Act where it is admitted that no such proceedings were proposed in the draft assessment order nor any directions under Section 144B of the Act were given by the Inspecting Assistant Commissioner of Income Tax in his order to Assessing Authority to take such proceedings in the present case

High Court Of Allahabad J.K. Synthetics Ltd. vs. CIT (Central), Kanpur Assessment Year : 1979-80 Section : 273, 144B, 210 R.K. Agrawal And Ram Surat Ram (Maurya), JJ. IT Appeal No. 17 Of 1999 January  29, 2013 ORDER R.K. Agrawal, J. – The present appeal under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to …

Madras H.C : When an amount advanced to a contractor for execution of work for the purpose of business becomes irrecoverable, the same is not allowable as bad debt

High Court Of Madras Kwality Fun Foods And Restaurants (P.) Ltd. vs. DCIT Assessment Year : 1998-99 Section : 28(i), 36(1)(vii) Paul Vasanthakumar And Mrs. S. Vimala, JJ. T.C. Appeal No. 76 Of 2007 January  29, 2013 JUDGMENT N. Paul Vasanthakumar, J.-This tax case appeal is preferred by the assessee, challenging the order of the Income-tax …
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