Section 37

Income Tax Case Laws, Section 37

Karnataka H.C : The Distributable Surplus paid by the Respondent Assessee M/s. CHAMUNDI WINERY AND DISTILLERY to DIAGEO INDIA PRIVATE LIMITED in pursuance of the Agreement dated 30/10/2007 between these two parties was not ‘application of income’, but an ‘allowable expenditure’ in the hands of the Respondent Assessee under Section 37 of the Ac

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High Court Of Karnataka Pr. CIT & Ors. vs. Chamundi Winery And Distillery & Ors. Section 37 Asst. Year 2008-09 […]

Section 80G, Sec. 139(5), Section 139, Section 37

Kerala H.C : The claim for deduction made in the return is disallowed, whether the assessee is entitled to make an alternate plea by way of mere submission before the Assessing Officer, especially when the statute interdicts even a revision, as per Sub-section (5) of Section 139, after one year from the relevant assessment year or completion of ass ssment, whichever is earlier

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High Court Of Kerala CIT vs. Malayala Manorama Co. Ltd. Section 37, 80G, 80G(2), 80G(2)(a)(iv), 80G(5), 139(5) Asst. Year 2004-05

Section 132, Sec. 37(1)

Kerala H.C : Where assessee a real estate developer claimed expenditure incurred for making land suitable for sale and expenditure was supported by documents seized at time of search, benefit of presumption under section 132(4A) would be available to assessee and there would be no need for further proof under section 37, since Assessing Officer did not endeavour to carry out investigation into genuineness of expenditure made

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High Court Of Kerala CIT, (Central) Kochi Vs. Damac Holdings (P.) Ltd. Section 132, 37(1) Assessment years 2007-08 and 2008-09

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