Gujarat H.C :adjustment of assessee’s advance tax liability against seized cash allowed
High Court Of Gujarat Gordhanbhai Nagardas Patel Vs. DCIT Section : 234B, 132 Assessment year : 2012-13 Akil Kureshi And […]
Section 132, Sec. 234B
Section 54F, Section 263
Madras H.C : Where as per survey report, two adjacent flats purchased by assessee formed a single residential unit, mere fact that subject flats were purchased by two separate sale deeds and had separate electricity meter connections, would not necessarily lead to conclusion that there were two separate residential units and, thus, assessee’s claim for deduction under section 54F could not be rejected on said basis
High Court Of Madras Abhijit Bhandari vs. Pr.CIT -5, Chennai Section 54F, 263 Assessment year 2008-09 Rajiv Shakdher, J. Writ
Sec. 37(1), Sec. 43(1), Section 254
Allahabad H.C : The custom duty paid on the purchase of plant and machinery would be a capital or a revenue expenditure
High Court Of Allahabad CIT, Meerut Vs. Jindal Ployster Ltd. Section 37(1), 43(1), 254 Pankaj Mithal And Vinod Kumar Misra,
Section 237
Meghalaya H.C : Where co-operative bank made deposits in government securities, on basis of principle of presumption that government departments had deposited TDS on interest, bank’s claim for refund of TDS was to be allowed
High Court Of Meghalaya Meghalaya Cooperative Apex Bank Ltd. Vs. Chairman Central Board of Direct Taxes Section 237 Assessment years
Sec. 43(1), Section 147
Delhi H.C : Where in earlier years capitalisation of professional and legal charges for business transfer and depreciation claim on same was initially disallowed being not as per section 43(1), but ultimately said claim was allowed, revenue being aware of same, could not initiate reassessment for current year on same ground
High Court Of Delhi Avtec Ltd. vs. DCIT Section : 43(1), 147 Assessment Years : 2008-09 to 2010-11 Dr. S.
Section 132
Delhi H.C : A person can be in possession of undisclosed income not only in his or her own account but also in someone else’s account; pursuant to search warrant in name of him/her, department could proceed to search and seize in accounts of such other person and require bank to freeze such account
High Court Of Delhi Strategic Credit Capital (P.) Ltd. vs. Ratnakar Bank Ltd. Section : 132 Dr. S. Muralidhar And
Section 68, Section 147
Delhi H.C : Whether the ITAT erred in law and on facts in quashing the assessment proceedings under Section 147/148 of the Act?
High Court Of Delhi Pr.CIT-6 vs. Meenakshi Overseas (P.) Ltd. Section 68, 147 Assessment year 2004-05 Dr. S. Muralidhar And
Section 208
Kerala H.C : Under Direct Tax Dispute Resolution Scheme, 2016, amnesty could be sought only in respect of a penalty that was imposed under Income-tax Act; Scheme did not be intend to cover only such penalties as had been imposed on an assessee along with assessment order
High Court Of Kerala Grihalakshmi Films vs. JCIT, Range 1, Kozhikode Section 208 A.K. Jayasankaran Nambiar, J. W.P. (C) Nos.
Sec. 153A
Delhi H.C : Invocation of section 153A by revenue for assessment years 2000-01 to 2003-04 was without any legal basis where there was no incriminating material qua each of those assessment years
High Court Of Delhi Pr. CIT, Central -2, New Delhi vs. Meeta Gutgutia Section 153A Assessment years 2001-02 to 2003-04
Sec. 153C
Delhi H.C : Where Assessing Officer of searched person recorded that documents seized during search belonged to assessee, merely because he had not categorically stated that documents mentioned therein did not belong to searched person would not invalidate assumption of jurisdiction under section 153C in respect of assessee
High Court Of Delhi Ganpati Fincap Services (P.) Ltd. vs. CIT Section 153C Assessment years 2004-05 to 2009-10 Dr. S.
