Category: Section 80-IB

Madras H.C : The appellant was not entitled to the exemption under Section 10(23G) of the Income Tax Act in respect of the liquidated damages

High Court Of Madras Infrastructure Development Finance Co. Limited vs. Assistant Commissioner Of Income Tax Section 10, 10(23G), 28, 36, 36(1), 36(1)(vii)(c), 36(1)(viia)(c), 36(1)(viii), 36(i)(viiia)(c), 80IA(4), 80-IAB(3), 80-IB(10), 115JB, 115-O, 194A Asst. Year 2002-2003 Dr. Vineet Kothari & C.V. Karthikeyan, JJ. Tax Case Appeal No. 939 of 2008 1st March, 2019 Counsel Appeared: M/s. Farook I. …

Madras H.C : Whether in the case where a company engaged apart from its regular business in the business of generation and distribution of power, owning more than one industrial undertaking, deduction under Section 80-IA of the Act is to be allowed to single industrial unit or to all the units taken together ?

High Court Of Madras CIT vs. Bannari Amman Sugars Limited Section 80-IA, 80-IB(5) Asst. Year 2004-2005 Dr. Vineet Kothari & Dr. Anita Sumanth, JJ. T.C.(A).No.1045 of 2009 28th January, 2019 Counsel Appeared: T.R. Senthil Kumar, Senior Standing Counsel, K.G. Usharani for the Petitioner : R.Vijayaraghavan, for M/s. Subbarayar Aiyar Padmanabhan for the Respondent. DR.ANITA SUMANTH, J. …

Kerala H.C : Whether in the facts and circumstances of the case, ought not the Tribunal have set aside the order under Section 263 of the Act for reason of the order revised having merged with the appellate order?

High Court Of Kerala Skyline Builders Rajaji Road vs. CIT Section 80IB, 132, 143(3), 153A, 260A, 263(2), 263 Asst. Year 2001-2002, 2003-2004, 2005-2006 & 2006-2007 K.Vinod Chandran & Ashok Menon, JJ. ITA. No.84 of 2012, ITA. No.87 of 2012, ITA.No. 89 of 2012, ITA.No. 94 of 2012 17th January, 2019 Counsel Appeared: M.Gopikrishnan Nambiar, K.John Mathai, …

Delhi H.C : Whether assessee was right in reallocating expenditure/income on account of royalty from Jammu Unit to Corporate Division?

High Court Of Delhi Pr. CIT vs. Montage Enterprises Pvt. Ltd. Section 80-IB, 153A Asst. Year 2005-06 & 2006-07 Sanjiv Khanna & Chander Shekhar, JJ. ITA 892/2016, 893/2016, 894/2016, 895/2016 6th September, 2018 Counsel Appeared: Ruchir Bhatia, Advocate for the Petitioner.: M. P. Rustogi and Manu K. Giri, Advocates for the Respondent SANJIV KHANNA, J. These …

Madras H.C : The ITAT is right in disallowing the claim of agricultural income of the assessee, which having failed to appreciate the evidence available on record by traversing beyond the scope of the records and against the findings given by the various statutory and judicial authorities as also the admissions made in the remand report by the assessing officer

High Court Of Madras B. Jayalakshmi vs. ACIT Section 260A(7), 80-IB Asst. Year 1995-96, 1996-97 & 1997-1998 T.S. Sivagnanam & V. Bhavani Subbaroyan, JJ. Review Application Nos. 88 to 90 of 2014 30th July, 2018 Counsel appeared: R. Krishnamoorthy Senior Counsel for S. Wilson & N. Devanathan for the Petitioner.: M. Swaminathan and V .Pushpa for …

S.C : The petitioner was not entitled to deduction under Section 80-IC of the Act by virtue of provision sub-section (6), when the same was not even applicable to the petitioner

Supreme Court Of India Mahabir Industries vs. Pr.CIT A. K. Sikri & Ashok Bhushan, JJ. Section 80-IA, 80-IC, 80-IB Asst. Year 1998-99 & 1999-2000 Civil Appeal No(S). 4765-4766 OF 2018, 4767 OF 2018 18th May, 2018 Counsel Appeared: Textile Machinery Corporation Limited, Calcutta v. The Commissioner of Income Tax, West Bengal, Calcutta, (1977) 2 SCC 368 …

Delhi H.C : Whether the reckoning of balconies raised in respect of housing development that resulted in each unit exceeding 1000 sq. ft. is entitled to the relief under Section 80IB(10)(c)

High Court Of Delhi Pr.CIT vs. Padmini Infrastructure (P) Ltd. Section 80IB(10)(c), 260A S. Ravindra Bhat & A. K. Chawla, JJ. ITA 586/2018 15th May, 2018 Counsel Appeared: Zoheb Hossain, Sr. Standing Counsel Deepak Anand, Jr. Standing Counsel for the Appellant. : Piyush Kaushik, Adv., for the Respondent. ORDER: Two questions are urged by the Revenue …
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