Month: July 2016

Rajasthan H.C : The rejection of the books of accounts u/s. 145(3) in view of the ratio laid down by this Hon’ble Court in case of CIT v. Gotan Lime Khanij Udhyog reported in [2002] 256 ITR 243 (Raj.)

High Court Of Rajasthan Rajaram Rajendra Bhandari & Party (Ajmer Group) vs. CIT Section : 145 Assessment Years : 1997-98 And 2000-01 M.N. Bhandari And J.K. Ranka, JJ. D.B. It Appeal Nos. 174 And 175 Of 2014 And 210 Of 2015 July 29, 2016 ORDER J.K. Ranka, J. – The instant appeals at the instance of …

Gujarat H.C : The petitioner has also challenged a demand notice dated 16.3.2016 under which the Assessing Officer has determined the demand of Rs. 2,15,73,710/- towards interest already paid to the petitioner

High Court Of Gujarat Ajanta Manufacturing Ltd. vs. DCIT Section : 244A, 154 Assessment Year 2008-09 Akil Kureshi And A.J. Shastri, JJ. Special Civil Application Nos. 6830 & 6832 Of 2016 July 27, 2016 ORDER Akil Kureshi, J. – Since the facts are common, we may notice them from Special Civil Application No. 6830 of 2016. …

Gujarat H.C : The petitioner had filed the return of income declaring total income of Rs.13.19 lacs (rounded off). Such return was taken in scrutiny

High Court Of Gujarat Ravjibhai Nagarbhai Patel vs. ITO, Ward-6(2) Section : 48 Assessment Year 2009-10 Akil Kureshi And A.J. Shastri, JJ. Special Civil Application No. 3447 Of 2016 July 26, 2016 JUDGMENT Akil Kureshi, J. – The petitioner has challenged a notice dated 14.11.2014 issued by the respondent Assessing Officer seeking to reopen the assessment …

S.C : The revenue challenges the order of the High Court dated 22.02.2011 passed in Writ Petition (LOD) No.140 of 2011 by which the reopening of the assessment of the respondent-assessee (Sumitomo Mitsui Banking Corporation) sought to be made by issuing a notice under Section 148

Supreme Court Of India Deputy Director Of Income-Tax vs. Sumitomo Mitsui Banking Corporation Section 36(1)(Vii), 148 Ranjan Gogoi And Prafulla C. Pant, JJ. Civil Appeal No. 6998 Of 2016 July 26, 2016 ORDER 1. Delay condoned. 2. Leave granted. 3. The revenue challenges the order of the High Court dated 22.02.2011 passed in Writ Petition (LOD) …

Madras H.C : the levy of interest under section 158BFA (1) of the Act was correct on the facts in spite of the binding decision of the Delhi High Court referred to and relied upon before them

High Court Of Madras Ashok Kumar Sethi vs. DCIT, Central Circle III (4), Chennai Section : 158BFA Block Period : 1-4-1990 To 11-1-2001 S. Manikumar And D. Krishnakumar, JJ. Tax Case (Appeal) No. 600 Of 2007 July 26, 2016 JUDGMENT D. Krishnakumar, J – This Appeal has been filed under Section 260A of the Income Tax …

Bombay H.C : Not allocating the research expenses and interest expenses to various units for calculating allowable deduction under Section 80IB and 80IC of the Act

High Court Of Bombay CIT-1, Mumbai vs. Hindustan Unilever Ltd. Section 92C M.S. Sanklecha And A.K. Menon, JJ. IT Appeal No. 1873 Of 2013 July 26, 2016 ORDER 1. This Appeal under Section 260-A of the Income Tax Act, 1961 (the Act) challenges the order dated 10th December, 2012 passed by the Income Tax Appellate Tribunal …

Delhi H.C : This writ petition pertains to the situs or location of intellectual property rights such as logos, brands, trademarks, which are capital assets, but intangible in nature

High Court Of Delhi Cub Pty Ltd. vs. Union Of India Section 9 Badar Durrez Ahmed And Sanjeev Sachdeva, JJ. W.P. (C) No.6902 Of 2008 July 25, 2016 JUDGMENT Badar Durrez Ahmed, J. – The question that arises for consideration in this writ petition pertains to the situs or location of intellectual property rights such as …

Calcutta H.C : The Tribunal below substantially erred in law in rejecting the contention of the Revenue asking disallowance of Rs. 22,30,581 and Rs. 14,294 made by the Assessing Officer under section 43B(e) read with Explanation 3D

High Court Of Calcutta CIT vs. Shreekant Phumbhra Section : 43B, 14A Assessment Year 2004-05 Girish Chandra Gupta And Arindam Sinha, JJ. IT Appeal No. 63 Of 2009 July 25, 2016 JUDGMENT 1. This appeal is directed against the judgement and order dated March 28, 2008 by which the learned Income-tax Appellate Tribunal, “D” Bench, Kolkata …
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