399 ITR

Section 68, Section 147, Section 148, Section 251, Section 263

Kerala H.C : An assessee did not disclose his income fully, and it led to a reassessment. On a particular plea about the source of income, the assessee pleads in defence that he sold a few bars of gold. He gave the particulars of the putative purchasers, too. A few, though not all, have been examined and found to be untrustworthy. The question is, who has the burden proof on the source of income

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High Court Of Kerala CIT, Thrissur vs. B.P. Sherafudin Section 68, 251, 147, 148, 263 Assessment year 1995-96 Antony Dominic […]

Sec. 194C, Sec. 194J

Bombay H.C : In case of assessee carrying on business of broadcasting of television channels, payments of placement charges and subtitling charges would fall within meaning of ‘work’ covered in clause (iv) of Explanation to section 194C, and, thus, assessee was justified in deducting tax at source under section 194C while making said payments

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High Court Of Bombay CIT, TDS-2, Mumbai vs. UTV Entertainment Television Ltd. Section 194C, 194J S. Oka And A.K. Menon,

Section 80-IA

Gujarat H.C : The I.T.A.T erred in directing the A.O. to allow deduction u/s. 80IA(4) of the I.T Act even though the assessee was not carrying out the business of development, operation and maintenance of the infrastructure facilities and had transferred the operation and maintenance of the facilities in violation of the agreement with the Government/Statutory body

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High Court Of Gujarat Pr.CIT. Vadodara-2 vs. Nila Baurat Engineering Ltd. Section : 80-IA Assessment year 2003-04 Akil Kureshi And

Section 68

Bombay H.C : Where assessee failed to produce relevant documents and confirmation in respect of loan taken from various parties, mere fact that he did not maintain proper books of account could not be accepted as a valid plea and, thus, amount in question was to be added to assessee’s taxable income under section 68

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High Court Of Bombay Arunkumar J. Muchhala vs. CIT–8 Section 68 Assessment year 1996-97 S.C. Dharmadhikari And Smt. Vibha Kankanwadi,

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