Month: June 2014

Andhra Pradesh H.C : Commissioner had power to waive interest or whether assessee had made out a case for such waiver, was totally outside purview of Scheme as what all it contemplated was that if concerned assessee was prepared to pay 50 per cent of tax arrears, benefit must be extended

High Court Of Andhra Pradesh S. Prasad Reddy Vs. CIT, Hyderabad Section 119, 234A, 234B And 234C Assessment Year 1995-96 L. Narasimha Reddy And Challa Kodanda Ram, JJ. Writ Petition Nos. 16179,16183 & 16186 Of 2000 June 25, 2014 JUDGMENT L. Narasimha Reddy, J. – The subject matter of these three writ petitions is similar. Hence, …

Telengana And Andhra Pradesh H.C : Assessee’s claim for set off of unabsorbed portion of investment allowance, he could not pass a rectification order merely on basis of subsequent decision of Supreme Court denying such set-off

High Court Of Telengana And Andhra Pradesh Prefab Gratings Ltd. Vs. ACIT Section 32A, 154 Assessment Year : 1991-92 L. Narasimha Reddy And Challa Kodanda Ram, JJ. I.T.T.A. No. 64 Of 2001 June 25, 2014 JUDGMENT L. Narasimha Reddy, J. – This appeal is preferred under section 260A of the Income-tax Act, 1961 (for short “the …

Telangana & Andhra Pradesh H.C : There is no family settlement is based on the relevant material or reasonable or could be correct conclusion which could be arrived at based on the facts occurring in the case

High Court Of Telangana & Andhra Pradesh Arjundas Vs. Commissioner Of Gift-Tax Section : 2(xii) Assessment year : 1987-88 L. Narasimha Reddy And Challa Kodanda Ram, JJ. Referred Case No. 160 Of 2000 June 24, 2014 JUGMENT L. Narasimha Reddy, J. – This reference is made under section 26(1) of the Gift-tax Act, 1958 (for short …

Andhra Pradesh H.C : The share holder to be benami of some other share holder, is the value of the shares held by such benami share holder liable to be included as income of the company itself when the real share holder is someone else

High Court Of Andhra Pradesh Srinivasa Ferro Alloys Ltd. Vs. ACIT, Central Circle, Visakhapatnam Section : 69C L. Narasimha Reddy And Challa Kodanda Ram, JJ. I.T.T.A. No. 64 Of 2000 June 17, 2014 JUDGMENT Challa Kodanda Ram, J. – In this appeal preferred by the assessee under Section 260A of the Income Tax Act (for short, …

Gujarat H.C : Assessee would fall within realm of education which is ‘charitable’ as per section 2(15), assessee would be entitled to exemption under section 11

High Court Of Gujarat Director Of Income-Tax (Exemption) Vs. Ahmedabad Management Association Section : 2(15),11 Assessment Year : 2009-10 M.R. Shah And R.P. Dholaria, JJ. Tax Appeal No. 707 Of 2013 June 13, 2014 JUDGMENT M.R. Shah, J. – Being aggrieved and dissatisfied with the impugned judgment and order passed by the Income Tax Appellate Tribunal, …
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