Tag: Supreme Court Of India

S.C : Whether, on the facts and circumstances of the case, the Tribunal was right in law in having upheld in entirety the disallowance of the assessee’s claim of a sum of Rs. 8,00,063 on account of demurrage and wharfage recovered from the assessee by the North Western Railways, merely because a claim against the contractor was pending for arbitration ?

Supreme Court Of India Punjab Small Industries Corporation Ltd. vs. CIT Section 256(2) B.N. Kirpal, U.C. Banerjee & Brijesh Kumar, JJ. Civil Appeal No. 7353 of 2000, arising out of SLP(C) No. 6378 of 1999 12th December, 2000 ORDER BY THE COURT : Special leave granted. 2. After hearing the counsel for the parties, in our …

S.C : The order under challenge in these appeals by the Revenue followed the earlier judgment of the same High Court in the case of Pradip Ramanlal Sheth vs. Union of India & Ors. (1993) 113 CTR (Guj) 75 : (1993) 204 ITR 866 (Guj).

Supreme Court Of India Union Of India vs. Satish Panalal Shah Sections 261, 269UC S.P. Bharucha, N. Santosh Hegde & Y.K. Sabharwal, JJ. Civil Appeal Nos. 1157 of 1998, 1161 to 1167 of 1998 & 4154 of 1999 6th December, 2000 Counsel Appeared T.L.V. Iyer with Mrs. Laxmi Iyengar, Ajay Sharma, S.K. Dwivedi & Ms. Sushma …

S.C : An agreement to sell was entered into on 6th May, 1994, by respondent No. 3 with respondent Nos. 1 and 2 in respect of property bearing municipal No. C-590, Defence Colony, New Delhi, for a total sale consideration of Rs. 80 lacs.

Supreme Court Of India Appropriate Authority & Anr. vs. R.C. Chawla & Ors. Sections 269UC, 269UD S. Rajendra Babu & K.G. Balakrishnan, JJ. Civil Appeal No. 6049 of 1998 10th May, 2001 Counsel Appeared Shail Kumar Dwivedi, for the Appellants : Geetanjali Mohan, Hari Shankar & Navin Chawla, for the Respondents JUDGMENT RAJENDRA BABU, J. : …

S.C : The expenditure cannot be considered as business expenditure

Supreme Court Of India Pr.CIT vs. Ballarpur Industries Ltd. Asst. Year 1993-94 Abhay Manohar Sapre & Dinesh Maheshwari, JJ. Civil Appeal No. 4026 OF 2019 (Arising out of S.L.P.(C) No.1153 of 2018) 22nd April, 2019 Abhay Manohar Sapre, J. Leave granted. This appeal is filed against the final judgment and order dated 17.07.2017 passed by the …

S.C : The Tribunal came to the conclusion that prior to the insertion of the expression “suo motu” with effect from 1 April 2008 in Section 142(2C), the assessing officer had no jurisdiction to extend time for the submission of the report of an auditor appointed under sub section (2A)

Supreme Court Of India CIT vs. Ram Kishan Dass Section 142(2A), 142(2C) Dr. Dhananjaya Y. Chandrachud & Hemant Gupta, JJ. Civil Appeal No 3211 of 2019 (Arising out of SLP (C) No 2810 of 2012) WITH Civil Appeal No(s). 3214, 3212, 3213, 3228 26th March, 2019 DR. DHANANJAYA Y CHANDRACHUD, J. Leave granted in the Special …

S.C : Share Capital/Premium is credited in the books of account of the Assessee company, the onus of proof is on the assessee to establish by cogent and reliable evidence of the identity of the investor companies, the creditworthiness of the investors, and genuineness of the transaction, to the satisfaction of the Assessing Officer

Supreme Court Of India Pr.CIT (Central) vs. NRA Iron &Steel Pvt. Ltd. Section 68 Uday Umesh Lalit & Indu Malhotra, JJ. Civil Appeal No. 002463-002463/2019 (Arising out of SLP (Civil) No. 29855 of 2018) 5th March, 2019 INDU MALHOTRA, J. Leave granted. The present appeal arises out of the Judgment and Order dated 26.02 2018 passed …

S.C : Whether any amount of sugarcane purchase price paid by the assessee-society to its members/non-members above the SMP determined under Clause 3 of the Control Order, 1966, may be paid as per the price determined by the State Government under Clause 5A of the Control Order, 1966, can be said to be the sharing of profit and therefore is to be included in the return of income?

Supreme Court Of India CIT vs. Tasgaon Taluka S.S.K. Ltd. Section 40A(3) Asst. Year 1998-99 A. K. Sikri, S. Abdul Nazeer & M.R. Shah, JJ. Civil Appeal No. 8890 OF 2012, 2485 OF 2019, 2484 OF 2019, 2482 OF 2019, 2483OF 2019, 2486 OF 2019 5th March, 2019 M. R. SHAH, J. Leave granted in all …
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