Sec. 41(1)

Sec. 41(1), Section 68

Punjab & Haryana H.C : Whether on the facts and in the circumstances of the case, the learned Tribunal was right in law in upholding the order of the learned CIT(A) in deleting the addition of Rs. 3,30,000 made by the AO on account of liability of M/s Axis Chemicals & Pharmaceuticals even though the assessee had failed to prove the existence and genuineness of the liability ?

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High Court Of Punjab & Haryana CIT vs. GP International Ltd. Section 41(1), 68 Asst. Year 1996-97 Satish Kumar Mittal

Sec. 28(i), Sec. 36(1)(iii), Sec. 36(1)(vii), Sec. 36(2), Sec. 41(1), Section 56

Delhi H.C : the assessee was not conducting real estate business as claimed by it. The income of the assessee was not on account of activities in the nature of real estate business. Thus, income derived by the assessee was liable to tax under “Income from other sources”

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High Court Of Delhi CIT vs. Rose Services Apartment India (P) Ltd. Section 28(i), 36(1)(iii), 36(vii), 36(2), 41(1), 56 Asst.

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