Tag: 331 ITR

Delhi H.C : interpreting the provisions of section 132(4A) by ignoring the relevant facts on record that the FAX message seized during the course of search

High Court Of Delhi CIT Vs. Naresh Kumar Aggarwala Assessment Year : 1992-93 Section : 69,132 A.K. Sikri And M.L. Mehta, Jj. I.T. Appeal No : 225 Of 2004 February  7, 2011 JUDGMENT M.L. Mehta, J. – This is an appeal under section 260A of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) against the …

Delhi H.C : Whether foreign exchange income part of turnover u/s 80HHD

High Court Of Delhi CIT Vs. Asian Hotels Ltd. Assessment Year : 1998-99 Section : 80HHD A.K. Sikri And M.L. Mehta, Jj. IT Appeal No : 656 Of 2009 February  3, 2011  JUDGMENT A.K. Sikri, J. – The respondent-assessee is in the hotel business. It is not in dispute that respondent qualifies for benefit under section 80HHD …

Punjab & Haryana H.C : taxing authority should examine the question of business expediency and not go merely by the fact that the assessee had taken a decision in its wisdom which may be wrong or right ?”

High Court Of Punjab And Haryana (Full Bench) CIT, (Central), Ludhiana Vs. Rockman Cycle Industries (P.) Ltd. Assessment year : 1987-88 Section : 37(1) M.M. Kumar, Rajesh Bindal And A.N. Jindal, JJ. IT Reference Nos. 169 And 170 Of 1996 February 1, 2011 JUDGMENT Rajesh Bindal, J – The following question of law was referred by a …
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