Income Tax Case Laws

All decisions from High Courts and Supreme Court including Authority on Advance Ruling are published here

Section 69, Sec 142A, Section 142

Allahabad H.C : The Hon’ble Tribunal was justified in upholding the order of the CIT(A) deleting the addition made by the AO on account of difference between the cost of construction, estimated by the valuation officer and that disclosed by the assessee being unexplained investment under s. 69 of the IT Act, by placing reliance on the judgment in the case of Smt. Amiya Bala Paul vs. CIT (2003) 182 CTR (SC) 489 : (2003) 262 ITR 407 (SC) without taking into consideration the amended provisions of s. 142A(1) of the IT Act, introduced with retrospective effect ?

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High Court Of Allahabad CIT vs. Jeevandeep Apartments (P) Ltd. Section 69, 142A Prakash Krishna & S. K. Gupta, JJ.

Sec. 2(47), Section 45, Section 47

Karnataka H.C : Whether the colorable device adopted by the assessee in admitting two new partners namely, Sri. M. Venkataramaiah and Smt. Sujatha Venkataramaiah and permitting all the old partners to retire from the firm by receiving a consideration amount of Rs. 16,55,647 from the old partners (sic) would amount to a transfer attracting the capital gains provision as per the IT Act ?

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High Court Of Karnataka CIT & ANR. vs. Gurunath Talkies Section 2(47), 45(3), 45(4), 47(ii) Asst. Year 1995-96 D.V. Shylendra

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