Section 72 – taxcaselaw.com

Madras H.C : Section 10B(6) was attracted and deduction under Section 10B was to be computed without setting off of any carried forward losses and unabsorbed depreciation of the earlier assessment years

High Court Of Madras Intimate Fashions (India) P. Ltd. vs. Assistant Commissioner Ofincome Tax Section 10A, 10A(1), 10A(1A), 10A(4), 10A(6), 10B, 10B(4), 10B(6), 30 to 43D, 32(2), 70, 72 and 74, 260A, 263 Asst. Year 2003-04 S. Sivagnanam & V. Bhavani Subbaroyan, JJ. Tax Case Appeal Nos. 1456 & 1169 of 2008 11th January, 2019 Counsel …

Allahabad H.C : The business of the assessee remained the same, because the criterion is not the nature of business but the unit of control and common management

High Court Of Allahabad CIT vs. Ganga Corporation Asbestos (P.) Ltd. Section : 72 Assessment Year : 1988-89 Rajes Kumar And Shashi Kant, JJ. IT Appeal No. 141 Of 2000 April 23, 2014 ORDER Rajes Kumar, J. – Heard Sri RK Upadhayay, learned Senior Standing Counsel and Sri Ashish Bansal appearing on behalf of the respondent. …

Allahabad H.C : Brought forward unabsorbed depreciation can be set off against income from capital gain

High Court Of Allahabad CIT vs. Kisan Engineering Works Ltd. Assessment Year : 1992-93 Section : 32, 34A, 72 Prakash Krishna And Ram Surat Ram (Maurya), JJ. It Appeal No. 200 Of 2005 March Â 6, 2013 ORDER 1.Â The above appeal has been filed under section 260-A of the Income Tax Act 1961 against the order of …

Allahabad H.C : Brought forward unabsorbed depreciation can be set off against income from capital gain

High Court Of Allahabad CIT VS. Kisan Engineering Works Ltd. Assessment Year : 1992-93 Section : 32, 34A, 72 Prakash Krishna And Ram Surat Ram (Maurya), Jj. IT Appeal No. 200 Of 2005 March Â 6, 2013 ORDER 1.Â The above appeal has been filed under section 260-A of the Income Tax Act 1961 against the order of …

Delhi H.C : the purported ground that the view taken by the Assessing Office in the scrutiny assessment was a plausible view

High Court Of Delhi CIT vs. Nalwa Investments Ltd. Assessment Year : 2003-04 Section : 263, 72 A.K. Sikri And M.L. Mehta, JJ. IT Appeal Nos. 270 And 1345 Of 2010 May 11, 2011 JUDGMENT A.K. Sikri, J. – ITA No. 270 of 2010 The assessment order passed by the Assessing Officer (AO) in respect of …

Delhi H.C : Both short-term capital gains and short-term capital losses arose as a result of right issue and its renunciation

High Court Of Delhi CIT, Delhi vs. Sashi Prakash Khemka Assessment Year 1993-94 Section : 143,72,234A A.K. Sikri And M.L. Mehta, JJ. IT Appeal No. 720 Of 2006 April 6, 2011 JUDGMENT A.K. Sikri, J. – This appeal pertains to the assessment year 1993-94. The respondent/assessee had filed return of income for that year in the …

Punjab & Haryana H.C : the Hon’ble Tribunal was justified in treating the initiation of proceedings under s. 147/148 unjustified and untenable and issuance of notice under s. 148 to be invalid for the asst. yr. 1998-99 in which the assessee was found to be owner of gold and diamond jewellery as envisaged by s. 69A of the IT Act, 1961

High Court Of Punjab & Haryana CIT vs. Prem Pal Section 69A, 147, 148, 1997FA 68, 1997FA 71, 1997FA 72 Asst. Year 1998-99 Adarsh Kumar Goel & Ajay Kumar Mittal, JJ. IT Appeal Nos. 129, 155, 600, 640, 743 & 766 of 2008 and 83, 91, 261 & 379 of 2009 14th December, 2010 Counsel appeared …

Delhi H.C : Whether the loss determined by the AO, being different from the loss as claimed by the assessee in the return, can be carried forward in view of the provisions of s. 80 read with s. 139(3) of the IT Act, 1961 ?

High Court Of Delhi CIT vs. Nalwa Investment Ltd. Section 72, 80 Asst. Year 1995-96, Badar Durrez Ahmed & Rajiv Shakdher, JJ. IT Appeal No. 335 of 2006 6th February, 2009 Counsel Appeared : Sanjeev Sabharwal & Jagdish Rai Goel, for the Appellant : B.B. Ahuja with D.K. Verma, for the Respondent JUDGMENT RAJIV SHAKDHER, J. …

Bombay H.C : Whether benefit of carry forward losses and depreciation relating to earlier years even in hand of the Court receiver ?

High Court Of Bombay CIT Vs. Bencomar Hotels (Goa) (P.) Ltd. Assessment Year : 1990-91 to 1992-93 Section : 72 S.C. Dharmadhikari And R.C. Chavan, JJ. Tax Appeal Nos. 1 To 3 Of 2004 September 19, 2008 JUDGMENT S.C. Dharmadhikari, J. : This is an appeal under s. 260A of the IT Act, 1961, by the …

Orissa H.C : Amalgamation of OMC Alliance Ltd., the erstwhile subsidiary company with Orissa Mining Corporation Ltd. became effective from 30th Aug., 1991 and not from 1st April, 1986 and consequent denying the claim of OMC for treating all the operation of the erstwhile subsidiary as that of the patent company, namely, OMC from 1st April, 1986 and resultant loss.

High Court Of Orissa Orissa Mining Corporation Ltd. vs. CIT Section 72A Asst. Years 1987-88, 1988-89, 1989-90, 1990-91 A.K. Ganguly & I. Mahanty, JJ. SJC Nos. 8 to 11 of 1995 18th January, 2007 Counsel Appeared Dr. D. Pal, B. Panda, D.K. Das, S.C. Barik & B.R. Panda, for the Petitioner : Akhil Mohapatra, for the …

Category: Section 72