November 2016

Section 14A

Delhi H.C : Where Assessing Officer after carrying out elaborate analysis and following steps enacted in statute, had determined amount of expenditure incurred for earning tax exempt income, merely because he did not expressly record his dissatisfaction about assessee’s calculation, his conclusion could not be rejected

High Court Of Delhi Indiabulls Financial Services Ltd. vs.DCIT, Circle -11(1) Section 14A Assessment year 2009-10 Ravindra Bhat And Najmi […]

Sec. 28(i), Section 254

Bombay H.C : The Assessing Officer was not correct in assessing the amount of ‘on-money’ as disclosed by the assessee in its returns of income instead of the sums of Rs.8,16,000/- and Rs.2,02,000/- as worked out by the Assessing Officer himself at page 5 of the assessment order for the assessment year 1987-88

High Court Of Bombay Parmanand Builders (P.) Ltd. vs. CIT, Mumbai City-VI Section 28(I),254 Assessment Years 1987-88 And 1988-89 M.S.

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