Sec. 115JA

Sec. 36(1)(Viia), Sec. 115JA, Sec. 143(1), Sec. 143(3), Sec. 40A(3), Section 133, Section 147, Section 148, Section 152, Section 153, Section 68, Section 69

Rajasthan H.C : the proceedings for reassessment under Section 148/147 of the Income Tax Act, 1961 were initiated by the ld. Assessing Officer on non-existing facts because ultimately the Assessee has been able to explain that the income which was believed to have escaped assessment was explainable but some other additions were made under the assessment order

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High Court Of Rajasthan Prime Chem Oil Limited vs. Assistant Commissioner Of Income Tax Section 36(1)(viia), 40A(3), 68, 69, 115JA, […]

Sec. 115JA, Sec. 37(1), Section 147

Gujarat H.C : Where Assessing Officer initiated reassessment proceedings on ground that assessee had claimed deduction of certain sum on account of fluctuation of rate of foreign exchange, in view of fact that in terms of order passed by Supreme Court in case of CIT v. Woodward Governor India (P.) Ltd. [2009] 312 ITR 254/179 Taxman 326, loss suffered by assessee on account of fluctuation in rate of foreign exchange as on date of balance-sheet was an item of expenditure allowable under section 37(1), impugned reassessment proceedings deserved to be quashed

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High Court Of Gujarat India Gelatine And Chemicals Ltd. vs. ACIT Assessment Year : 1998-99 Section : 37(1), 115JA, 147

Sec. 36(1)(Viii), Sec. 115JA

Karnataka H.C : Where assessee, engaged in providing long-term finance, received certain amount as processing fee and penal interest for repayment of loan before agreed period, those charges being incidental to earning of interest income, were to be included in income eligible for deduction under section 36(1)(viii)

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High Court Of Karnataka CIT Vs. Weizmann Homes Ltd. Assessment Years: 1998-99, 2000-01 And 2001-02 Section : 36(1)(viii), 115JA Kumar

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