In favour of Assessee

Sec. 260A, Sec. 271(1)(c ), Section 271, Section 32

Madras H.C : Whether the Appellate Tribunal is correct in law in sustaining the levy of penalty u/s 271 (1)(c) of the Act on the rejection of claim of depreciation which was surrendered in the course of the assessment proceedings and farther on the claim of certain expenses which claim was reversed in the same proceedings by the Appellant even though there was total violation of the principles of natural justice as well as the Doctrine of Fair Procedure

/

High Court Of Madras B. Loganathan vs. ITO Section 32, 260A, 271(1), 271(1)(c) Asst. Year 2000-01 Dr. Vineet Kothari & […]

Section 80-IC, Sec. 271(1)(c )

Punjab & Haryana H.C : The claim made by the Assessee for deduction under Section 80-IC of the Income Tax Act, 1961 @ 100% instead of 25% for the year under consideration i.e. 8th year on account of substantial expansion to the undertaking is bonafide and does not tantamount to furnishing of inaccurate particulars of income in respect of claim of deduction under Section 80-IC of the Income Tax Act, 1961 within the meaning of Section 271(1)(c)

/

High Court Of Punjab & Haryana Pr.CIT vs. Virgo Industries Section 80IC, 271(1)(c) Asst. Year 2011-12 Ajay Kumar Mittal &

Section 54F

Bombay H.C :The ITAT was justified in treating the gain arising from the sale of capital asset as Long Term Capital Gain without appreciating the fact that mere letter of allotment does not lead to creation of proper and effective right over the capital asset sought to be acquired, but only on execution of an agreement spelling out all the exact terms and conditions for acquisition

/

High Court Of Bombay Pr.CIT vs. Vembu Vaidyanathan Section 54F Asst. Year 2009-10 Akil Kureshi & M. S. Sanklecha, JJ.

Scroll to Top
Malcare WordPress Security