Month: December 2015

Delhi H.C : There was no valid search since the impugned additions have been made under section 153A /143(3) of the Act without reference to any material found as a result of search

High Court Of Delhi Pr. CIT vs. Matchless Glass Services Pvt. Ltd. Section 260A, 131, 153A, 143(3), 68, 132, 142(1), 250(4), 277A, 278B Asst. Year 2003-04 to 2009-10 S.Muralidhar & Vibhu Bakhru, JJ ITA No. 727, 729, 718, 760, 345, 355, 356, 362, 364, 399, 612, 633/2015 2nd December, 2015 Counsel appeared: Suruchi Aggarwal, Senior Standing …

S.C : the deduction allowed under one section should affect the computation of deduction under other provisions of the Act, the Legislature has expressly used words to that effect. It may be noted that sections 80HHD

Supreme Court Of India Assistant Commissioner Of Income Tax vs. Micro Labs Ltd. Section 80-IB, 80HHC, 80-IA Anil R. Dave & Dipak Misra, JJ. Civil Appeal No. 7427 OF 2012 10th December, 2015 Counsel appeared: for the Petitioner.: for the Respondent ANIL R. DAVE, J. Leave granted in all the Special Leave Petitions. These are several …

S.C : The unabsorbed depreciation as on 1st April, 1997 can be set off against the income from any Head for the immediate Assessment Year following 1st April, 1997 and thereafter if there still is any unabsorbed depreciation the same can be set off only against the Business Income for a period of eight (08) Assessment years.

Supreme Court Of India Peerless General Finance And Investment Co. Ltd. vs. CIT Ranjan Gogoi & N.V. Ramana, JJ. Special Leave To Appeal (C) No(S). 34124/2014 8th December, 2015 Counsel appeared: S. Ganesh, Sr. Adv. & S. Sukumaran, Anand Sukumar, Bhupesh Kumar Pathak, Meera Mathur, Advs., for the Petitioner. : Arijit Prasad, Mukti Chowdhary, Anil Katiyar, …

AAR : the Penalty Amount payable pursuant to the Final Judgment/Decree of the US Court and paid to the Government of USA/US Court would be liable to tax deduction at source under the provisions of the Income-tax Act, 1961

Authority Of Advance Rulings Satyam Computer Services Ltd., In Re Section 21(d), 13(b)(2)(a), 13(b)(2)(b), 13(a), 195 V.S. Sirpurkar, Chairman, A.K. Tewary, Member & R.S. Shukla, Member A.A.R. No 1066 of 2011 1st December, 2015 Counsel appeared: Rajan Vora, SRBC & Asso. CA, Pravat Jena, SRBC & Assoc. CA, Aditya Bajoria, CA for the Appellant: G.C.Srivastava, Adv. …