Delhi H.C : Even though assessee sports promotion board was denied registration as charitable trust and its income was brought to tax as ‘income from other sources’, all relevant expenditures were also to be allowed under section 57(iii)

High Court Of Delhi DDIT (E) Inv., Circle –II VS. Petroleum Sports Promotion Board Assessment Year : 2003-04 Section : 57, 12A S. Ravindra Bhat And R.V. Easwar, Jj. IT Appeal Nos. 262, 264 & 265 Of 2013 March 3, 2014 ORDER R.V. Easwar, J. – These three appeals filed by the revenue under Section 260A …

Gujarat H.C : Second notice for reopening of assessment on same ground on which previous notice was issued for same purpose, but later on dropped not on technical but substantive grounds, was wholly impermissible

High Court Of Gujarat Kunal Organics (P.) Ltd. VS. DCIT Assessment Year : 1997-98 Section : 147, 148 Akil Kureshi And Ms. Sonia Gokani, Jj. Special Civil Application No. 16347 Of 2004 March 3, 2014 JUDGMENT Akil Kureshi, J. – The petitioner has challenged a notice dated March 8, 2004, issued by the Assessing Officer under …

Bombay H.C : Where there was considerable discrepancy in quantity of gold recorded in assessee’s books at time when ornaments were manufactured and received from artisans, as compared to gold actually exported by assessee to its foreign importers and such differential quantity of gold did not form part of assessee’s exports, it was rightly concluded that gold was subjected to local sales

High Court Of Bombay Director Of Income-Tax (International Taxation) Vs. Income Tax Settlement Commissioner Section 143 Assessment Year 1989-90 Mohit S. Shah And M.S. Sanklecha, JJ. Writ Petition No. 559 Of 2008 February 28, 2014 JUDGMENT Akil Kureshi, J – Assessee has challenged judgment of the Income Tax Appellate Tribunal Ahmedabad (“Tribunal” for short) dated 7th …

Bombay H.C : Where assessee did not challenge order of transfer of its case at earliest letting all believe that such transfer was accepted, assessee should be barred from challenging same on exercise of jurisdiction by new authority

High Court Of Bombay Patel Knr Jv VS. Commissioner Of Income-Tax Assessment Years : 2009-10 To 2012-13 Section : 127 Mohit S. Shah, Cj. And M.S. Sanklecha, J. Writ Petition No. 422 Of 2013 February 28, 2014 JUDGMENT M.S. Sanklecha, J. -By this petition under article 226 of the Constitution of India, the petitioner challenges : …
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