S.C : Share Capital/Premium is credited in the books of account of the Assessee company, the onus of proof is on the assessee to establish by cogent and reliable evidence of the identity of the investor companies, the creditworthiness of the investors, and genuineness of the transaction, to the satisfaction of the Assessing Officer

Supreme Court Of India Pr.CIT (Central) vs. NRA Iron &Steel Pvt. Ltd. Section 68 Uday Umesh Lalit & Indu Malhotra, JJ. Civil Appeal No. 002463-002463/2019 (Arising out of SLP (Civil) No. 29855 of 2018) 5th March, 2019 INDU MALHOTRA, J. Leave granted. The present appeal arises out of the Judgment and Order dated 26.02 2018 passed …

S.C : Whether any amount of sugarcane purchase price paid by the assessee-society to its members/non-members above the SMP determined under Clause 3 of the Control Order, 1966, may be paid as per the price determined by the State Government under Clause 5A of the Control Order, 1966, can be said to be the sharing of profit and therefore is to be included in the return of income?

Supreme Court Of India CIT vs. Tasgaon Taluka S.S.K. Ltd. Section 40A(3) Asst. Year 1998-99 A. K. Sikri, S. Abdul Nazeer & M.R. Shah, JJ. Civil Appeal No. 8890 OF 2012, 2485 OF 2019, 2484 OF 2019, 2482 OF 2019, 2483OF 2019, 2486 OF 2019 5th March, 2019 M. R. SHAH, J. Leave granted in all …

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. …

S.C : The assessee was not entitled to deduction under Section 80-HH of the Income Tax Act, 1961 on the gross profit of Rs.34,30,035 (Liquid Section) but on the net income 3 therefrom for Assessment Year 1979-80

Supreme Court Of India Vijay Industries vs. CIT Section 80HH, 80AB and CBDT Circular No. 281. Asst. Year 1979-80 & 1980-81 A. K. Sikri, & S. Abdul Nazeer & M. R. Shah, JJ. CIVIL APPEAL NOS. 1581-1582 OF 2005, 2878 OF 2015, 2877 OF 2015, 2416-2417 OF 2019, 2420-2421 OF 2019, 2414-2415 OF 2019, 2418-2419 OF …
Malcare WordPress Security