Delhi H.C : The assessee had not added a sum being provision for doubtful debts and advances/bad debts to the income
High Court Of Delhi CIT vs. Jindal Stainless Ltd. Assessment Year : 2004-05 Section : 154 Dipak Misra, C.J. And […]
Section 154
Sec. 50B, Sec. 2(42C)
Kerala H.C : The sale of the industrial units by the respondent-assessees with the land, building, plant and equipments as going concerns to another company during the previous year cannot be assessed to tax for capital gains as “slump sale” under section 50B
High Court Of Kerala CIT, Kottayam vs. Accelerated Freeze Drying Co. Ltd. Assessment Year : 2003-04 Section 50B, 2(42C) C.N.
Sec. 28(i), Sec. 37(1), Section 28, Section 37
Karnataka H.C : deposits by distributors can not be added as income of company without examining book of accounts of distributors
High Court Of Karnataka CIT vs. Brindavan Beverages (P.) Ltd. Assessment Year 1993-94 Section : 28(i),37(1) K. L. Manjunath And
Section 72A
Calcutta H.C : Amalgamation scheme sanctioned by BIFR under SICA will have overriding effect.
High Court Of Calcutta CIT Vs. J.K. Corporation Ltd. Assessment Year 1992-93 Section : 72A Kalyan Jyoti Sengupta And Kalidas
Sec. 37(1), Section 37
Calcutta H.C : Not considering and deciding whether the proceeding under section 147 read with section 148 of the Act are legally sustainable in law before deciding the case on the merits of the contention of the assessee
High Court Of Calcutta Mukti Properties (P.) Ltd. vs. CIT Assessment Year : 2003-04 Section : 37(1) Kalyan Jyoti Sengupta
Section 260, Sec. 260A
Punjab & Haryana H.C : the circular issued in the year 2008 did not have retrospective effect and did not control the appeal already filed which had to be decided according to the policy at the time the appeal was filed
High Court Of Punjab & Haryana CIT vs. Varindra Construction Co. Section 260A Adarsh Kumar Goel & Ajay Kumar Mittal,
Income Tax Case Laws
S. C : whether a noticee served with the show- cause notice under r. 4(1) of the Foreign Exchange Management (Adjudication Proceedings and Appeal) Rules, 2000 (hereinafter referred to as “the Rules”) is entitled to demand to furnish all the documents in possession of the adjudicating authority including those documents upon which no reliance has been placed to issue a notice requiring him to show cause why an inquiry should not be held against him ?
Supreme Court Of India Kanwar Natwar Singh vs. Directorate Of Enforcement And Anr. B. Sudershan Reddy & Surinder Singh Nijjar,
Section 69, Sec. 133A
Delhi H.C : Do you have any other business concerns being run from this premises, i.e., B70/3, Wazirpur Industrial Area ?
High Court Of Delhi CIT vs. Dhingra Metal Works Section 69, 133A Asst. Year 2005-06 Dipak Misra, C.J. & Manmohan,
Section 43A
Kerala H.C : to assessee’s claim for deduction of exchange rate fluctuation on the outstanding loan which is stated to be $ 25 lakhs
High Court Of Kerala CIT, Cochin vs. International Creative Foods (P.) Ltd. Section : 43A C.N. Ramachandran Nair And K.
Section 92C
S.C : High Court can not virtually decide the matter & restore the matter to TPO
Supreme Court Of India Maruti Suzuki India Ltd. Vs. ACIT Section : 92C S.H. Kapadia, CJ. K.S. Radhakrishnan And Swatanter
