Tag: 370 ITR

Delhi H.C : Notices were not issued to assessee in conformity with requirements of section 158BD and were unduly delayed

High Court Of Delhi CIT Vs. Bharat Bhushan Jain Section 158BD Ravindra Bhat And R.K. Gauba, JJ. IT Appeal Nos. 648,669,670,711,1075 & 1318 Of 2009 And 196,198,279,777,1145,1313 & 1326 Of 2010 January  8, 2015 S. Ravindra Bhat, J. – These appeals are directed against the impugned order of the Income-tax Appellate Tribunal. Since they involved common questions …

Delhi H.C : Material and evidence on basis of which Assessing Officer of searched person had reached to conclusion that undisclosed income belonged to any other person was not brought on record, pre-requisite of ‘satisfaction’ for initiation of block assessment proceeding in case of such other person was non-existent or absent

High Court Of Delhi CIT Vs. Manoj Bansal Section : 158BD, 158BB S. Ravindra Bhat And R.K. Gauba, JJ. IT Appeal Nos. 578,582 & 583 Of 2008 January  7, 2015 JUDGMENT S. Ravindra Bhat, J. – The present appeal has been received on limited remit by the hon’ble Supreme Court, which had by its judgment and …

Madras H.C : Interest derived from the deposit cannot be treated as income from business and, hence, the same is excluded for the purpose of calculating deduction under section 80HHC

High Court Of Madras Premier Enterprises Vs. DCIT Section 80HHC R. Sudhakar And R. Karuppiah, JJ. T.C.A. No. 541 Of 2007 January 6, 2015 JUDGMENT R. Sudhakar, J. – Aggrieved by the order passed by the Income-tax Appellate Tribunal in dismissing the appeal filed by it, the assessee is before this court challenging the said order …

Calcutta H.C : The transactions entered into by the appellant in respect of ACC shares and the loss of Rs. 14.82 lakhs incurred therein fell outside the purview of the said proviso (b) because the market price of ACC shares continued to rise and there was no adverse price fluctuation

High Court Of Calcutta Maud Tea & Seed Co. Ltd. Vs. CIT Section 43(5) Soumitra Pal And Arindam Sinha, JJ. IT Appeal No. 274 Of 2001 December 24, 2014 JUDGMENT 1. This appeal was admitted on two substantial questions of law. The first of such questions was formulated as by order dated October 1, 2002, to …

Delhi H.C : Manufacture of gold jewellery undertaken by job workers under supervision and control of assessee and under its directions/check amounts to manufacturing by assessee entitling it to deduction under section 80HHC(3)(a)

High Court Of Delhi CIT Vs. Harig India Ltd. Assessment Year 1998-99 Section 80HHC Sanjiv Khanna And V. Kameswar Rao, JJ. IT Appeal No.141 Of 2002 December  22, 2014 ORDER Sanjiv Khanna, J. – The present appeal by the Revenue under Section 260A of the Income Tax Act, 1961 (Act, for short) was admitted for hearing …

Delhi H.C : There was no intention on part of assessee to avoid or intentionally delay payment of taxes as admitted under section 140A and belated payment was made voluntarily without resort to any coercisve steps, authorities were justified in restricting penalty to 25 per cent

High Court Of Delhi CIT Vs. Naresh Kumar Jaggi Section 221, 140A Sanjiv Khanna And V. Kameswar Rao, JJ. IT Appeal No. 654 Of 2014 December  22, 2014 JUDGMENT V. Kameswar Rao, J. – The challenge in this appeal by the Revenue under section 260A of the Income-tax Act, 1961 (“the Act” in short) is to …

Delhi H.C : The Tribunal was correct in law in placing reliance on surveyor’s report for the purpose of determining the actual cost of the asset acquired by the assessee from M/s Wimco Ltd.

High Court Of Delhi De Nora India Ltd. Vs. CIT Section 43(1) Assessment Years 1990-91 And 1991-92 Sanjiv Khanna And V. Kameswar Rao, JJ. IT Appeal Nos. 190 & 191 Of 2002 December 22, 2014 JUGEMENT V. Kameswar Rao, J. – These two appeals filed by the assessee DENORA India Ltd. (earlier known as M/s Titanor Components …
Malcare WordPress Security