Tag: 376 ITR

Allahabad H.C : Whether, in the facts and in the circumstances of the case, the levy of penalty under section 271(1)(c) is justified or not?

High Court Of Allahabad Rave Entertainment (P.) Ltd. vs. CIT Section 271(1)(c) Assessment year 2006-2007 Arun Tandon And Dr. Satish Chandra, JJ. IT Appeal No. 65 Of 2015 April 16, 2015 JUDGMENT 1. The present appeal is filed by the assessee against the impugned order dated November 28, 2014, passed by the Income-tax Appellate Tribunal, Lucknow, …

AAR : In case of Ruling of the Hon’ble AAR to Question (1) above is yes, what is the rate of tax applicable for computing the amount of income tax chargeable in manner and respect of aforesaid amount received/receivable by the Applicant?

Authority For Advance Rulings (Income-Tax), New Delhi Measurement Technology Ltd. United Kingdom, In re Section 9 Justice V. S. Sirpurkar, Chairman And A.K. Tewary, Revenue Member A.A.R. No. 966 Of 2010 July 29, 2015 RULING A. K. Tewary, Revenue Member – Measurement Technology Ltd (the applicant) is a company incorporated in UK and engaged in the …

S.C : the assessee has failed to furnish form 3AA along with the return of income. Admittedly, Form 3AA was submitted during the course of assessment proceedings and it is not in dispute that the assessee is entitled to the additional depreciation. In these circumstances, in the light of the judgment of this Court in the case of Commissioner of Income Tax v. Shivanand Electronics [1994] 209 ITR 63 (Bom.), we see no merit in this appeal

Supreme Court Of India CIT, Maharashtra vs. G. M. Knitting Industries (P.) Ltd. Section : 32, 80-IB Assessment year 2005-06 A.K. Sikri And Rohinton Fali Nariman, JJ. Civil Appeal Nos. 10782 Of 2013 & 4048 Of 2014 July 24, 2015 ORDER 1. It would be suffice to reproduce para 2 of the impugned order whereby action …

Delhi H.C : Whether the Income-tax Appellate Tribunal has rightly upheld the decision of the Commissioner of Income-tax (Appeals) allowing the relief to the assessee-company by holding that refund of excise duty amounting to Rs. 12,46,29,000 claimed by the assessee-company from the Director General of Foreign Trade is not income under section 5 read with section 28(iii)(b) of the Act in the hands of the assessee-company ?

High Court Of Delhi Commissioner of Income-tax vs. Maithon Power Ltd. Section 28(iiic) Assessment year 2009-10 Dr. S. Muralidhar And Vibhu Bakhru, JJ. IT Appeal No. 5 Of 2015 July 21, 2015 JUDGMENT 1. This appeal under section 260A of the Income-tax Act, 1961 (“the Act”) is directed against the order dated May 9, 2014, passed …

Delhi H.C : Whether issuance of notice under section 143(2) of the Act within the prescribed time limit was mandatory for the purposes of the assessment under section 143(3)

High Court Of Delhi CIT vs. DPA Finvest Services Ltd. Section 68, 158BB Block period 1-4-1990 to 20-8-2000 Dr. S. Muralidhar And Vibhu Bakhru, JJ. IT Appeal No. 228 Of 2014 July 20, 2015 JUDGMENT 1. This appeal under section 260A of the Income-tax Act, 1961 (“the Act”) is directed against the order dated September 20, …

AAR : The payments received by SkillSoft Ireland Limited (“the Applicant”) would be characterized as ‘fees for technical services’ (“FTS”) under Article 12(3)(b) of the Agreement between the Government of the Republic of India and the Government of Ireland for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income(“India-Ireland Treaty”)

Authority For Advance Rulings (Income-Tax), New Delhi SkillSoft Ireland Ltd., In re Section 9 Justice V. S. Sirpurkar, Chairman And A.K. Tewary, Member A.A.R. No. 985 Of 2010 July 20, 2015 RULING A.K. Tewary, Member – The applicant is a Private Limited Company incorporated under the laws of Ireland. It is engaged in the business of …

Bombay H.C : The Petitioner challenges the notice dated 15 March 2007 issued by the Respondent-Income Tax authorities, under Section 148

High Court Of Bombay Panchratna Co-op. Housing Society Ltd. vs. Assessing Officer 16(3)(1), Mumbai Section 56, 147 M.S. Sanklecha And N.M. Jamdar, JJ. Writ Petition No. 2216 Of 2007 July 16, 2015 JUDGMENT N.M. Jamdar, J. – The Petitioner challenges the notice dated 15 March 2007 issued by the Respondent-Income Tax authorities, under Section 148 of …
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