Tag: 252 ITR

S.C : The concerned ITO (TDS) found that the D.D.A. failed to deduct income-tax at source on the payment of interest made to the buyers as provided under s. 194A of the IT Act

Supreme Court Of India ITO vs. Delhi Development Authority Sections 2(7), 240, 244(1), 244(1A), 244A Asst. Year 1987-88, 1988-89, 1989-90 S.P. Bharucha, CJ.; Y.K. Sabharwal & Brijesh Kumar, JJ. Civil Appeal No. 3544 of 1998 29th November, 2001 Counsel Appeared M.L. Verma with P.S. Narasimha, P. Sridhar & B.V.B. Das for Ms. Sushma Suri, for the …

Madras H.C : Provided further that an amount equal to the amount of the deduction under this sub-section is debited to the P&L a/c of the previous year in respect of which deduction is to be allowed and credited to a reserve account to be utilised for the purposes of the business of the assessee.

High Court Of Madras CIT vs. Sri Jayajothi & Co. (P) Ltd. Section 80HHC Asst. Year 1988-89 R. Jayasimha Babu & A.K. Rajan, JJ. Tax Case (Appeal) No. 168 of 2001 31st October, 2001 Counsel Appeared Mrs. Chitra Venkataraman, for the Appellant : None, for the Respondent JUDGMENT R. JAYASIMHA BABU, J.: The second proviso to …

Andhra Pradesh H.C : The assessee was not entitled to carry forward the share of loss determined in the hands of the firm, Nagarjuna Construction Corporation, for the asst. yr. 1982-83

High Court Of Andhra Pradesh K.V.K. Raju (HUF) vs. CIT Sections 67, 80, 139, 182 Asst. Year 1983-84 S.R. Nayak & S. Ananda Reddy, JJ. Refd. Case No. 260 of 1991 18th October, 2001 Counsel Appeared S. Ravi, for the Assessee : S.R. Ashok, for the Revenue JUDGMENT S. ANANDA REDDY, J.: At the instance of …

S.C : Whether the Settlement Commission (for short “the Commission”) constituted under s. 245B of the IT Act, 1961 (hereinafter referred to as ‘the Act’) has the jurisdiction to reduce or waive the interest chargeable under ss. 234A, 234B & 234C of the Act, while passing orders of settlement under s. 245D(4) of the Act ?

Supreme Court Of India CIT vs. Anjum M.H. Ghaswala & Ors. Sections 119, 234A, 234B, 234C, 245A(b), 245D(4), 245D(6) Asst. Year 1982-83, 1983-84, 1984-85, 1985-86, 1986-87, 1987-88, 1988-89, 1989-90, 1990-1991, 1991-1992, 1992-93, 1993-94, 1994-95 Dr. A.S. Anand, C.J.; & K.T. Thomas, R.C. Lahoti, N. Santosh Hegde & S.N. Variava, JJ. Civil Appeal Nos. 4126 to 4150 …

S.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that there was a deemed gift taxable under the GT Act, 1958, for asst. yr. 1970-71 in respect of arrangement in pursuance of agreement dt. 21st Nov., 1969, between the assessee and M/s Khoday Industries (P) Ltd.?

Supreme Court Of India Khoday Eswarsa & Sons vs. Commissioner Of Gift Tax Sections GT 4(1)(a), GT 6(2), GT Rule 11(1) Asst. Year 1970-71 S.P. Bharucha, Y.K. Sabharwal & Brijesh Kumar, JJ. Civil Appeal Nos. 2751 & 2752 of 1998 16th October, 2001 Counsel Appeared G. Sarangan with P.R. Ramasesh & Abhay Prakash Sahay, for the …

Kerala H.C : Whether, on the facts and in the circumstances of the case, the assessee is entitled to investment allowance under s. 32A on the plant and machinery used in its activity of processing fish and raw cashew nuts ?

High Court Of Kerala CIT vs. Poyilakada Fisheries (P) Ltd. Section 32A Asst. Year 1990-91 P.K. Balasubramanyan & C.N. Ramachandran Nair, JJ. IT Appeal No. 99 of 1999 11th October, 2001  Counsel Appeared P. K. R. Menon & George K. George, for the Appellant : None, for the Respondent JUDGMENT P.K. BALASUBRAMANYAN, J. : This appeal …

S.C : Whether, on the facts and in the circumstances of the case and in law, the Tribunal was correct in holding that the amount realised by the sale of assessee’s interest in the property was only Rs. 4,33,960 i.e., Rs. 5,62,980 minus Rs. 1,29,020 ?

Supreme Court Of India CIT vs. Attili N. Rao Section 48 Asst. Year 1982-83 S.P. Bharucha, Y.K. Sabharwal & Brijesh Kumar, JJ. Civil Appeal No. 4431 of 1999 11th October, 2001 ORDER BY THE COURT : The High Court answered against the Revenue all the following questions, except question No. 3 which, in the High Court’s …

Kerala H.C : Whether, on the facts and in the circumstances of the case, the Tribunal is right in law in holding that ‘the entire interest cannot be assessed in the asst. yr. 1990-91 itself?

High Court Of Kerala CIT vs. Varghese Mani Sections 5, 145 Asst. Year 1990-91 P.K. Balasubramanyan & C.N. Ramachandran Nair, JJ. IT Appeal No. 71 of 1999 3rd October, 2001 Counsel Appeared P.K.R. Menon & George K. George, for the Appellant : P. Balakrishnan & K.S. Menon, for the Respondent JUDGMENT P.K. BALASUBRAMANYAN, J. : This …

Delhi H.C : Chief Metropolitan Magistrate, Delhi, dismissing the application of the petitioners for staying the proceedings in Criminal Complaint No. 1229/1/ of 1997, R.L. Bali vs. Rakoor Industries (P) Ltd.

High Court Of Delhi Rakoor Industries (P) Ltd. & Anr. vs. R.L. Bali, ITO & Anr. Sections 276C, 277, COMP 446 K.S. Gupta, J. Crl. Rev. No. 451 of 2001 18th September, 2001 Counsel Appeared Shambhu Nath, for the Petitioner : None, for the Respondent JUDGMENT K.S. GUPTA, J.: This revision petition is directed against the …
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