388 ITR Archives - Page 4 of 5

Madras H.C : The Appellate Tribunal was right in directing the assessing officer to allow the deduction under Section 80P(2) of the Income Tax Act to the assessee who is primarily engaged in lending loans for non agricultural purposes

Avijit Das / July 5, 2016

High Court Of Madras CIT, Coimbatore vs. Veerakeralam Primary Agricultural Co-Operative Credit Society Section 80P Assessment Years 2008-09 To 2010-11 […]

Sec. 37(1), Section 37

Gujarat H.C : The conclusion reached by the Income Tax Appellate Tribunal that the purchases aggregating to Rs. 3,15,952/- were bogus, is such could be arrived at

Avijit Das / June 22, 2016

High Court Of Gujarat Vijay Trading Co. vs. ITO Section 37(1) Assessment Years 1993-94 To 1996-97 K.S. Jhaveri And G.R.

Sec. 194A, Sec. 36(1)(v)

Karnataka H.C : Whether the gratuity payable to its employees is available for deduction?

Avijit Das / June 22, 2016

High Court Of Karnataka CIT, Belgaum vs. Shri Siddeshwar Co-Operative Bank Ltd. Section 194A, 36(1)(V) Anand Byrareddy And L. Narayana

Sec. 50C, Section 147

Gujarat H.C : The Assessing Officer framed the scrutiny assessment under section 143(3) of the Income-tax Act

Avijit Das / June 21, 2016

High Court Of Gujarat Chunibhai Ranchhodbhai Dalwadi vs. ACIT Section : 50C, 147 Assessment Year : 2007-08 Akil Kureshi And

Sec. 2(42A), Section 263

Gujarat H.C : The Commissioner had held that the shares sold were stock-in-trade and not investment

Avijit Das / June 16, 2016

High Court Of Gujarat Cambay Investment Corpn. Ltd. vs. DCIT Section : 2(42A), 263 K.S. Jhaveri And G.R. Udhwani, JJ.

Section 80-O

Kerala H.C : Whether the appeals filed by the Revenue are maintainable in the face of Circular No. 21 of 2015, dated December 10, 2015 ?

Avijit Das / June 9, 2016

High Court Of Kerala CIT vs. Ramnath & Co. Section : 80-O Assessment Year : 1993-94 Antony Dominic And Dama

Sec. 271(1)(c ), Section 271

Rajasthan H.C : There is any justification in sustenance of penalty imposed under section 271(1)(c) of the Income Tax Act

Avijit Das / June 1, 2016

High Court Of Rajasthan Grass Field Farms & Resorts (P.) Ltd. vs. DCIT Section : 271(1)(C) Assessment Year 2006-07 M.N.

Section 145

Gujarat H.C : The Assessing Officer has no sufficient material to reject the books of account by invoking section 145 of the I. T. Act and deleting the addition though the Assessing Officer has elaborately brought on record the defects noticed during the course of assessment proceedings and work in progress valued by the Assessing Officer has been found correct

Avijit Das / May 6, 2016

High Court Of Gujarat Pr. CIT-I vs. Garden Silk Mills Ltd. Section 145 Ms. Harsha Devani And G.R. Udhwani, JJ.

Section 127

Bombay H.C : Where the Directors General or Chief Commissioner or Commissioners aforesaid are not in agreement, the order transferring the case may similarly be passed by the Board or any such Director General or Chief Commissioner or Commissioner as the Board may, by notification in the Official Gazette authorise in this behalf

Avijit Das / May 6, 2016

High Court Of Bombay Ramswaroop vs. CIT-II, Nagpur Section 127 B. P. Dharmadhikari And P.N. Deshmukh, JJ. Writ Petition Nos.

Sec. 132B, Section 132

Gujarat H.C : Gold ornaments came to be seized by the raiding party from the petitioner

Avijit Das / May 5, 2016

High Court Of Gujarat Kalpesh Laxminarayan Thakkar vs. DCIT Section 132B Ms. Harsha Devani And G.R. Udhwani, JJ. Special Civil