Tag Archives: 396 ITR

S.C : Process of bottling of gas into cylinders for domestic use by complex technical process undertaken in plant with machinery amounts to production or manufacture of gas-cylinders for purposes of deduction under sections 80-I, 80-IA and 80HH

Supreme Court Of India CIT-1, Mum. vs. Hindustan Petroleum Corpn. Ltd. Section 80-I, 80-IA And....Read More

Madras H.C : Whether on facts and circumstances of the case the Appellate Tribunal was correct in deleting the penalty levied u/s. 271(1)(c)

High Court Of Madras Pr.CIT-4, Chennai vs. Hemalatha Rajan Section : 271(1)(c), 206A Assessment Year....Read More

Madras H.C : The assessee is definitely showing low rate of profits in comparison to the regular civil construction and hence profit can be estimated by the Assessing Officer in the instant case in the absence of regular bills and vouchers

High Court Of Madras Pr.CIT, Chennai vs. Marg Ltd. Section 145 Assessment year 2012-13 Ms.....Read More

Delhi H.C : the assessee’s claim of debt, the ITAT ought to have dismissed the assessee’s appeal and not remanded the matter to the AO for re-computation of the same as a speculative loss

High Court Of Delhi CIT, Delhi-IV vs. Escotrac Finance & Investments Ltd. Section 36(1)(vii) Assessment....Read More

Gujarat H.C : Where income on which tax has been deducted at source is assessable in hands of a person other than deductee, credit can be given to such other person provided three conditions contained in rule 37BA(2) are satisfied

High Court Of Gujarat Naresh Bhavani Shah (HUF) v. CIT Section 199 Assessment year 2012-13....Read More

S.C : Where Income-tax Authorities found that assessee had leased out his property to his own family members to show lesser income in his hand, Assessing Authorities could have taxed said income in hands of assessee

Supreme Court Of India Maneklal Agarwal vs. DCIT Section 4 A.K. Sikri And Ashok Bhushan,....Read More

Delhi H.C : Where revenue failed to establish any linkage between material seized from assessee’s premises and those from premises of UPDA in respect of illegal payments made to various officials and politicians, no addition could be made to assessee’s income in respect of payments so made

High Court Of Delhi CIT, Central-III vs. Radico Khaitan Ltd. Section : 69A, 245 Block....Read More

Delhi H.C : Where letting of building together with fixtures, furnitures etc. was a composite one, rental income was to be assessed as income from other sources

High Court Of Delhi Jay Metal Industries (P.) Ltd. vs. CIT-V Section 56 Assessment year....Read More

Calcutta H.C : Appellate Tribunal erred in law in allowing the deduction under section 80GGB in respect of donation made by the assessee to the political parties

High Court Of Calcutta CIT, Kolkata-III v. Britannia Industries Ltd. Section 80GGB Assessment year 2005-06....Read More

Delhi H.C : Section 226(3)(iii) only requires that a copy of notice issued under section 226(3)(i) to bank of assessee should be forwarded to assessee and not that a copy of notice should be served on assessee in advance or simultaneously

High Court Of Delhi Gecas Services India (P.) Ltd. vs. ITO Section 226, 156, 220....Read More