388 ITR – taxcaselaw.com

S.C : the income tax appeal under Section 260A of the Income Tax Act, 1961 has been decided by the High Court without framing any substantial question of law. This, the appellant contends, is impermissible on the basis of several decisions of this Court including the one in “M.Janardhana Rao v. Jt. CIT” [2005] 142 Taxman 722

Supreme Court Of India Jai Hind Cycle Co. Ltd. vs. CIT-A.P. -1, Hyderabad Section 260A Ranjan Gogoi And Abhay Manohar Sapre, JJ. Civil Appeal No. 10235 Of 2016 October 21, 2016 ORDER 1. Leave granted. 2. The only point canvassed at the hearing is that the income tax appeal under Section 260A of the Income Tax …

S.C : Assessee has been transferred from one Assessing Officer in Tamil Nadu to another Assessing Officer in Kerala and the two Assessing Officers are not subordinate to the same Director General or Chief Commissioner or Commissioner of Income Tax, under Section 127(2)(a)

Supreme Court Of India Noorul Islam Educational Trust vs. CIT-I Section 127 Ranjan Gogoi And Abhay Manohar Sapre, JJ. Civil Appeal No. 10234 Of 2016 October 21, 2016 ORDER 1. Leave granted. 2. The challenge in the present appeal is against the order of the High Court of Madras, Madurai Bench, dated 20th March, 2015 passed …

Bombay H.C : Notice issued u/s.148 is bad in law and be set aside

High Court Of Bombay Director Of Income-Tax (IT)-I, Mumbai vs. Doosan Heavy Industries & Construction Co. Section 28(i),148 Assessment Year : 2000-01 M.S. Sanklecha And S.C. Gupte, JJ. IT Appeal No. 670 Of 2014 October 4, 2016 ORDER 1. This appeal under Section 260-A of the Income Tax Act, 1961 (“the Act”) challenges the order dated …

Bombay H.C : the limit of Rs. 40,000 laid down in section 37(3A) of the Income-tax Act, 1961, could not be proportionately increased because the previous year relevant for the assessment year was seventeen months instead of twelve months

High Court Of Bombay Somaiya Organo-Chemicals Ltd. vs. CIT Section 37(1) Assessment Year 1980-81 M.S. Sanklecha And S.C. Gupte, JJ. IT Reference No. 114 Of 1998 September 30, 2016 JUDGMENT S. C. Gupte, J. – By this reference under section 256(1) of the Income-tax Act, 1961 (“Act”), the Income-tax Appellate Tribunal (“Tribunal”) has referred the following …

Punjab & Haryana H.C : Whether “Guarantee Fee” can be allowed deduction under Section 37 of the Income Tax Act?

High Court Of Punjab And Haryana Haryana State Road & Bridges Development Corporation Ltd. vs. CIT, Panchkula Section 37(1) Assessment Year 2010-11 S.J. Vazifdar, CJ. And Deepak Sibal, J. IT Appeal No. 85 Of 2016 (O & M) September 29, 2016 JUDGMENT S.J. Vazifdar, CJ. – This is an appeal against the order of the Tribunal …

Punjab & Haryana H.C : The notice dated 24.10.2014, issued under Section 148

High Court Of Punjab And Haryana Franchise India Holdings Ltd. vs. ACIT, Circle, Chandigarh Section : 40(a)(ia),147 Assessment Year 2010-11 S.J. Vazifdar, CJ And Deepak Sibal, J. CWP No. 12322/2015 September 28, 2016 JUDGMENT Deepak Sibal, J. – The present petition has been filed at the instance of the assessee seeking therein quashing of the notice …

Madras H.C : the ITAT in the absence of tangible materials was right in confirming double addition made to the sum of Rs.15 lakhs over and above the income offered and taxable under any of the provisions of the Income Tax Act

High Court Of Madras H. Gouthamchand Jain vs. ITO, Ward-I(2), Chennai Section 37(1), 133a Assessment Year 2008-09 Nooty. Ramamohana Rao And Dr. P. Devadass, JJ. T.C.A. No.1061 Of 2014 September 21, 2016 JUDGMENT Nooty. Ramamohana Rao, J. – This appeal is preferred by the assessee under Section 260-A of the Income Tax Act, against the order …

Delhi H.C : Where any tax is payable on the basis of any return required to be furnished under section 115WD or section 115WH or section 139 or section 142 or section 148 or section 153A or, as the case may be, section 158BC

High Court Of Delhi Shakti Bhog Foods Ltd. vs. DCIT Section 139, 240 Assessment Year 2013-14 S. Ravindra Bhat And Ms. Deepa Sharma, JJ. W.P. (C) No. 2569 Of 2015 September 21, 2016 ORDER S. Ravindra Bhat, J. – The petitioner seeks quashing of the notice dated 12.03.2015 issued under section 226(3) of the Income-tax Act, …

S.C : Whether expenditure incurred on issue of shares is eligible to be amortized under Section 35D of the Act?

Supreme Court Of India Shasun Chemicals & Drugs Ltd. vs. CIT-II, Chennai Section : 35D Assessment Year : 2001-02 A.K. Sikri And N.V. Ramana, JJ. Civil Appeal Nos. 9611 & 9612 Of 2016 September 16, 2016 JUDGMENT A.K. Sikri, J. – Leave granted. 2. Matter heard finally. 3. Two issues are raised in these appeals by …

Madras H.C :The Tribunal ought to have seen that the reopening of assessment was not in accordance with law

High Court Of Madras Karur Vysya Bank Ltd. vs. CIT, Trichy Section 2(Ea) Assessment Year 1999-2000 Nooty. Ramamohana Rao And Dr. P. Devadass, JJ. Tax Case Appeal No. 961 To 963 Of 2007 September 8, 2016 JUDGMENT Nooty. Ramamohana Rao, J. – These Tax Case Appeals are preferred by the Assessee under Section 27A of the …

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