July 2015

Section 32, Section 80-IB

S.C : the assessee has failed to furnish form 3AA along with the return of income. Admittedly, Form 3AA was submitted during the course of assessment proceedings and it is not in dispute that the assessee is entitled to the additional depreciation. In these circumstances, in the light of the judgment of this Court in the case of Commissioner of Income Tax v. Shivanand Electronics [1994] 209 ITR 63 (Bom.), we see no merit in this appeal

Supreme Court Of India CIT, Maharashtra vs. G. M. Knitting Industries (P.) Ltd. Section : 32, 80-IB Assessment year 2005-06

Income Tax Case Laws, Sec. 28(iiic)

Delhi H.C : Whether the Income-tax Appellate Tribunal has rightly upheld the decision of the Commissioner of Income-tax (Appeals) allowing the relief to the assessee-company by holding that refund of excise duty amounting to Rs. 12,46,29,000 claimed by the assessee-company from the Director General of Foreign Trade is not income under section 5 read with section 28(iii)(b) of the Act in the hands of the assessee-company ?

High Court Of Delhi Commissioner of Income-tax vs. Maithon Power Ltd. Section 28(iiic) Assessment year 2009-10 Dr. S. Muralidhar And

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