Tag: 275 ITR

Madras H.C : Whether, on the facts and in the circumstances of the case, the Tribunal is right in law in holding that the expenditure incurred by the assessee during the accounting year on the cost of carding system (Rs. 31,22,679) was amount paid on current repairs and allowable under s. 31 of the IT Act ?

High Court Of Madras CIT & ORS. vs. Janakiram Mills Ltd. & Ors. Sections 31, 37, 256, 260A Asst. Year 1986-87 P. Sathasivam & S.K. Krishnan, JJ. Tax Case (Ref.) Nos. 144, 408 & 409 of 1999, 70 of 2000 & 30 of 2001; Tax Case (Appeal) Nos. 46 of 2000, 231 of 2001, 48, 53, …

AAR : Without prejudice to the above, would the provisions of s. 115AD be applicable to an assessee who has suffered a capital loss on the transfer of securities ?”

Authority For Advance Rulings Universities Superannuation Scheme Ltd. As Trustees Of Universities Superannuation Scheme, In Re Sections 48, 112, 115AD, 115-I, DTAA between India & UK, art. 26 Asst. Year 2003-04 Syed Shah Mohammed Quadri, J., Chairman & K.D. Singh, Member AAR No. 636 of 2004 25th February, 2005 Counsel Appeared P.J. Pardiwalla, for the Applicant …

AAR : Whether the loan advanced would be taxable as the applicant’s income by way of deemed dividend on account of the fictional provisions of s. 2(22)(e) of the Act ?

Authority For Advance Rulings X Ltd., In Re Section 245N(A) Asst. Year 2003-04 Syed Shah Mohammed Quadri, J., Chairman & A.S. Narang, Member AAR No. 639 of 2004 25th February, 2005 Counsel Appeared P.J. Pardiwalla, for the Applicant : Yashwant Y. Chavan, for the CIT concerned Ruling Syed Shah Mohammed Quadri, J., chairman : In this …

Calcutta H.C : The petitioner herein has challenged the validity and/or legality of the notices all dt. 31st March, 2001 issued under s. 148

High Court Of Calcutta India Steamship Co. Ltd. vs. JCIT & ORS. Sections 147, 148, ART. 226 Asst. Year 1990-91, 1991-92, 1992-93, 1993-94, 1994-95, 1995-96, 1996-97 Pranab Kumar Chattopadhyay, J. Writ Petn. No. 994 of 2001 11th February, 2005 Counsel Appeared R.N. Bajoria with J.P. Khaitan, for the Petitioner : D.K. Shome & Md. Nizamuddin, for …

Kerala H.C : Whether, on the facts and in the circumstances of the case, the Tribunal is right in law in holding that the building tax paid Rs. 1,98,609 under the Kerala Building Tax Act is allowable business expenditure under s. 30(b) of the IT Act, 1961 ?

High Court Of Kerala CIT vs. Hotel Shah & Co. Section 30(b), 37(1) K.S. Radhakrishnan & C.N. Ramachandran Nair, JJ. IT Ref. No. 249 of 1999 10th February, 2005 Counsel Appeared : P.K.R. Menon & George K. George, for the Revenue : C. Kochunny Nair & Dale P. Kurien, for the Assessee JUDGMENT K.S. Radhakrishnan, J. …

Karnataka H.C : The petitioner, M/s Karnataka Golf Association, had approached this Court earlier questioning the legality of the notices issued under s. 148

High Court Of Karnataka Karnataka Golf Association vs. Deputy Director Of Income Tax (Exemptions) & Anr. Section ART. 226, ART. 227, 148 Asst. Year 1996-97, 1997-98, 1998-99, 1999-2000, 2000-01, 2001-02 D.V. Shylendra Kumar, J. Writ Petn. Nos. 44893 to 44898 of 2004 8th February, 2005 Counsel Appeared K.R. Prasad, for the Petitioner : E.R. Indra Kumar, …

Punjab & Haryana H.C : Whether, under the facts and circumstances of the case, the Tribunal is justified in setting aside the assessment order with a direction also to decide the issue of jurisdiction under s. 124 and to pass an order in accordance with law, which question the said AO has already decided in his order dt. 13th March, 1995 and thus, the Tribunal should have decided the issue of jurisdiction itself ?

High Court Of Punjab & Haryana Subhash Chander vs. CIT Section 254(1) Asst. Year 1992-93 G.S. Singhvi & Viney Mittal, JJ. IT Appeal No. 1 of 2003 8th February, 2005 Counsel Appeared P.C. Jain, for the Appellant : Rajesh Bindal, for the Respondent JUDGMENT G.S. SinGhvi, J. : In this appeal filed under s. 260A of …

Delhi H.C : whether enhanced compensation of about Rs. 14.75 lakhs received by the appellant is taxable in the year of receipt or is taxable only when it is finally determined to whom the amount, or part thereof, is due

High Court Of Delhi V.K. Jain vs. CIT Sections 45(5), 254(2), 260A Asst. Year 1994-95 Swatanter Kumar & Madan B. Lokur, JJ. IT Appeal Nos. 462 of 2003 & 234 of 2004 3rd February, 2005 Counsel Appeared Salil Aggarwal with Prakash Kumar, for the Appellant : R.D. Jolly, for the Respondent JUDGMENT Madan B. Lokur, J. …

Delhi H.C : The Tribunal by a detailed order dt. 19th Sept., 2001, the legality and correctness thereof is challenged by the appellant in the present appeal under s. 260A

High Court Of Delhi CIT vs. Nestle India Ltd. Sections 40(a)(i), 200, Rule 30 Asst. Year 1994-95 Swatanter Kumar & Madan B. Lokur, JJ. IT Appeal No. 193 of 2002 3rd February, 2005 Counsel Appeared R.D. Jolly, for the Petitioner : M.S. Syali with Satyen Sethi & Manu K. Giri, for the Respondent JUDGMENT Swatanter Kumar, …
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