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HC - If in relation to any assessment year, no incriminating material is found, no addition or disallowance can be made in relation to that assessment year in exercise of powers under section 153A.
Pr. Commissioner of Income Tax-4 Versus Saumya Construction Pvt. Ltd.
(2016) TaxCorp(LJ) 10701 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=65722&Category=Judgment&CategoryType=Zip
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HC - Quality of representation on behalf of the Revenue - Inconsistent stand being taken by the Revenue in different appeals raising identical issues - most matters are distributed amongst a few Advocates with the result we have occasions where a single Advocate appears in eight/nine matters a day. This indeed is expecting the moon from the panel Advocate.
The Commissioner of Income Tax-8 Versus M/s. TCL India Holdings Pvt. Ltd.
(2016) TaxCorp(LJ) 10698 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=65746&Category=Judgment&CategoryType=Zip
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HC - It is not impermissible for the AO to rely on report of investigation wing, as long as he has applied his mind to the materials on record and formed his own belief that on the basis of such material, it can be stated that income chargeable to tax has escaped assessment.
HVK INTERNATIONAL PVT LTD Versus DEPUTY COMMISSIONER OF INCOME TAX - CENTRAL CIRCLE-3
(2016) TaxCorp(LJ) 10697 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=65747&Category=Judgment&CategoryType=Zip
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HC - Since claim u/s 80IA/80HHC were processed by the earlier AO at length, mere fact that such claim were not examined from a particular angle cannot be a ground for reassessment.
Principal CIT. vs. Sun Pharmaceutical Industries Ltd.
(2016) TaxCorp(LJ) 10685 (HC-GUJARAT)
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HC - No addition on account of difference in stock statement as furnished before the bank as compared to shown in books of account for availing higher credit facility.
COMMISSIONER OF INCOME TAX RAJKOT-I Versus PATEL PROTEINS PVT. LTD
(2016) TaxCorp(LJ) 10680 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=65703&Category=Judgment&CategoryType=Zip
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HC - Where issue was examined by the AO during original assessment, it would not be open for the AO to reopen the assessment on this ground particularly after four years.
Adani Exports vs. ITO
(2016) TaxCorp(LJ) 10650 (HC-GUJARAT)
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HC - Very foundation of the reason recorded by the Assessing Officer for reopening the assessment fails. Reopening of assessment to make addition u/s 68 not valid.
M/s GUJARAT ECO TEXTILE PARK LTD Versus ASSISTANT COMMISSIONER OF INCOME TAX
(2016) TaxCorp(LJ) 10649 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=65671&Category=Judgment&CategoryType=Zip
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HC - When entire claim was examined by the AO by calling upon the assessee to produce all supporting documents and materials. reopening of assessment cannot be allowed.
ARYAN ARCADE LTD. Versus DEPUTY COMMISSIONER OF INCOME TAX
(2016) TaxCorp(LJ) 10625 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=65643&Category=Judgment&CategoryType=Zip
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HC - Since stamp duty is in the nature of a compulsory levy under the Bombay Stamp Act, whole expenditure allowed as revenue expenditure
M/s. PRITHVI ASSOCIATES Versus ASSTT. COMMISSIONER OF INCOME TAX
(2016) TaxCorp(LJ) 10477 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=65530&Category=Judgment&CategoryType=Zip
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HC - Lease equalization/terminal charge not to be added while calculating the book profit for the purposes of MAT.
Principal CIT. vs. Sun Pharmaceutical Industries Ltd.
(2016) TaxCorp(LJ) 10476 (HC-GUJARAT)
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HC - Limitation for initiating proceedings under section 201(1) would be governed by section 201(3)(i) of the Act as it stood at the relevant time.
Maharashtra Border Check Post Network Ltd Versus Deputy Commissioner Of Income-Tax
(2016) TaxCorp(LJ) 10320 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=65393&Category=Judgment&CategoryType=Zip
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HC - Sec 145A inapplicable to interest on enhanced land compensation.
Movaliya Bhikhubhai Balabhai vs. ITO
(2016) TaxCorp(LJ) 10181 (HC-GUJARAT) · Section. 145A
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HC - Levying interest u/s 234B directly in the notice of demand u/s 156, without mentioning about the charge in assessment order is valid.
ACIT. vs. Norma Detergent Pvt Ltd.
(2016) TaxCorp(LJ) 9965 (HC-GUJARAT) · Section. 234B
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HC - Initiation of reassessment proceedings under directive of audit party was not sustainable where AO did not record independent reasons.
Adani Developers (P.) Ltd. v. Income-tax Officer, Ward 1(1)
(2016) TaxCorp(LJ) 9878 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=62606&Category=Judgment&CategoryType=Zip
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HC - Sec 201(3) amended vide Finance Act, 2014 extending time-period to 7 years not retrospective in nature.
Tata Teleservices Vs. Union Of India
(2016) TaxCorp(LJ) 9863 (HC-GUJARAT) · Section. 201(3)
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HC - At the stage of Sec 245D(1)/(2A), there is no requirement of hearing the Revenue.
Pr. CIT vs. Settlement Commission
(2015) TaxCorp(LJ) 9672 (HC-GUJARAT) · Section 245D(1)
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HC - Reassessment notice deserved to be quashed where direction under sec. 150 to reopen assessment itself was set aside.
Devendra Somabhai Naik v. Assistant Commissioner of Income-tax
(2015) TaxCorp(LJ) 9625 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=61020&Category=Judgment&CategoryType=Zip
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S. 143(1)/ 147: If the assessment is reopened on the ground of “bogus purchases”, the reasons must contain an averment of which details on record reflect the bogus purchases
Varshaben Sanatbhai Patel vs. ITO
(2015) TaxCorp(LJ) 9520 (HC-GUJARAT) · Sections 143(1), 147
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HC - In case of a hotel, renovation of hotel rooms, conference hall, etc., was an allowable revenue expenditure.
Commissioner of Income-tax v. Cama Hotels Ltd.
(2015) TaxCorp(LJ) 9419 (HC-GUJARAT) · http://taxcorp.in/FileOpenDT.aspx?ID=58868&Category=Judgment&CategoryType=Zip
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HC - Civil application for providing IT returns of private parties under the Right to Information Act, 2005 dismissed.
Vinubhai Haribhai Patel (Malavia) Vs. Asst. CIT
(2015) TaxCorp(LJ) 9166 (HC-GUJARAT)
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