Month: April 2016

Patna H.C : The Tribunal was justified in affirming the estimate of net profit at 10 per cent. as against 6 per cent. upheld by it in a large number of identical matters relating to Government contract

High Court Of Patna Prasad Construction & Co. vs. CIT Section 145 Assessment Year 2004-05 Ramesh Kumar Datta And Sudhir Singh, JJ. Misc. Appeal No. 276 Of 2010 April 28, 2016 JUDGMENT Ramesh Kumar Datta, J. – Heard learned counsel for the appellant assessee and learned senior standing counsel for the Revenue. 2. The appeal has …

Patna H.C : Whether the notebook marked as KPS-5 and the Bank Passbook found as a result of the survey u/s 133A which was carried out in the office premises of Sujata Hotels Pvt. Ltd. of which the Respondent assessee was a Director, on the same day as the search u/s 132 in the residential premises of the Respondent assessee, namely 24.04.2003, could not be taken into consideration by the Assessing Officer while making the computation of the undisclosed income as held by the Tribunal, as the same did not amount to “such other materials or information as are available with the Assessing Officer” within the meaning of Section 158 BB(1)

High Court Of Patna CIT, Central, Patna vs. Harsh Kochar Section 158BC, 158BB Block Assessment Period 1-4-1997 To 24-4-2003 Hemant Gupta And Ramesh Kumar Datta, JJ. Misc. Appeal No. 224 Of 2007 April 28, 2016 JUDGMENT Hemant Gupta, J. – The Revenue is in appeal under Section 260A of the Income Tax Act, 1961 (for short, …

Gujarat H.C : the petitioner seeks a direction to the respondent Income tax Officer to forthwith give appeal effect and consequential net refund after adjustment of any outstanding demands along with interest.

High Court Of Gujarat R. G. Gurjar vs. ITO Section : 154, 40(A)(Ia) And 245 Assessment Year : 2005-06 Ms. Harsha Devani And G.R. Udhwani, JJ. Special Civil Application Nos.12503 Of 2015 April 27, 2016 JUDGMENT Ms. Harsha Devani, J. – Rule. Mr. K.M. Parikh, learned senior standing counsel, waives service of notice of rule on …

Punjab & Haryana H.C : the Hon’ble ITAT has acted in contravention of the Second Proviso of Section 254(2A) of the Income Tax Act, 1961 as the combined period of stay has exceeded 365 days

High Court Of Punjab And Haryana Pr. CIT vs. Carrier Air Conditioning & Refrigeration Ltd. Section : 254 Assessment Year : 2009-10 Ajay Kumar Mittal And Darshan Singh, JJ. IT Appeal No. 5 Of 2016 (O&M) April 25, 2016 JUDGMENT Ajay Kumar Mittal, J. – This appeal has been preferred by the revenue under section 260A …

Rajasthan H.C : The ITAT has been justified in allowing the claim of Rs.2,76,65,446/- as application of income under section 11 (1)(a) of the Income Tax Act, 1961

High Court Of Rajasthan CIT, Bikaner vs. Krishi Upaj Mandi Samiti, Raisinghnagar Section 11 Assessment Year 2008-09 Sangeet Lodha And Kailash Chandra Sharma, JJ. D.B. IT Appeal Nos. 47, 48, 50 & 51 Of 2013† April 26, 2016 ORDER Sangeet Lodha, J. – These appeals arising out of the common order dated 4.12.12 passed by the …

Allahabad H.C : Whether, in the facts and in the circumstances of the case, the levy of penalty under section 271(1)(c) is justified or not?

High Court Of Allahabad Rave Entertainment (P.) Ltd. vs. CIT Section 271(1)(c) Assessment year 2006-2007 Arun Tandon And Dr. Satish Chandra, JJ. IT Appeal No. 65 Of 2015 April 16, 2015 JUDGMENT 1. The present appeal is filed by the assessee against the impugned order dated November 28, 2014, passed by the Income-tax Appellate Tribunal, Lucknow, …
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