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Whether this interest can be said to be an income derived from this eligible activity of the assessee.
U P STATE INDUSTRIAL DEVELOPMENT CORPORATION LTD. Vs. ASSTT COMMISSIONER OF INCOME TAX, DEPUTY COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 4034 (ITAT-LUCKNOW) · Income Tax - Sections 10(2)(xv), 12A, 12AA, 40A(7), 80IA, 143(2), 143(3), 147, 148
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Whether when the revenue authorities failed to show that there is any failure on part of the assessee to disclose fully and truly all material facts in the assessment finally made, the notice issued u/s 148 beyond 4 years from the end of the relevant assessment year is barred by limitation.
GULF OIL CORPORATION Vs. ASSTT COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 4033 (ITAT-HYDERABAD) · Income Tax - Sections 35DDA, 50C, 143(3), 139, 142, 143(3), 147, 148, 151(1)
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Whether bad debts written off during assessment year could be claimed u/s 36(1)(vii) only if such debts were treated as income by the assessee during previous year in relation to the assessment year in question.
M/s SCOOTERS INDIA LIMITED Vs DY COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 4032 (ITAT-LUCKNOW) · Income tax – Sections 32, 35DDA, 40A(7), 43B, 36(1)(vii), 36(2)
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Whether change in the chemical composition of raw material during manufacturing process was indespensible for claiming deduction u/s 80IC on such process
DEPUTY COMMISSIONER OF INCOME TAX, CIR 4(1) Vs LEGANCY FOODS PVT LTD.
(2014) TaxCorp(LJ) 4031 (ITAT-DELHI) · Income tax - Sections 2(29BA), 80-IC
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Whether the nature of a transaction depends on the question whether the excess is an enhancement of the value by realizing the security or a gain in an operation of profit making.
DEPUTY COMMISSIONER OF INCOME TAX Vs. M/s KETAN S SHAH (HUF)
(2014) TaxCorp(LJ) 4030 (ITAT-MUMBAI)
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Whether the said deduction can be claimed if the assessee is neither engaged in the marketing of agricultural produce nor providing credit facilities to its members.
M/s CANE DEVELOPMENT COUNCIL Vs DEPUTY COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 4029 (ITAT-LUCKNOW) · Income Tax - Sections (2), 80P, 80P(2)(a)(iii), 143(3)
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Whether the Tribunal has committed an apparent mistake warranting rectification by confirming such assessment order of the AO.
J K CEMENT LTD. Vs. DEPUTY COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 4028 (ITAT-LUCKNOW) · Income Tax - Sections 32, 254
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Whether where the view taken by the AO does not appear to be correct to the CIT, it could be said that such view was erroneous and prejudicial to the interests of the revenue.
LANCO KONDAPALLI POWER LTD. Vs. JT COMMISSIONER OF INCOME-TAX
(2014) TaxCorp(LJ) 4027 (ITAT-HYDERABAD) · Income Tax - Sections 43A, 80IA, 115JB, 142(1), 143(1), 143(2), 143(3), 263
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Whether CIT(A) is justified in deleting the addition made under the head 'consultancy and dispensary charges' when the finding of the AO that names were repeated during whole of the year was not rebutted by the assessee through any material on record.
INCOME-TAX OFFICER Vs. DR HARI DUTT DWIVEDI
(2014) TaxCorp(LJ) 4026 (ITAT-AGRA) · Income Tax - Sections 69, 142A
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HC – Dominant Nature of bus hiring contract being service; TDS u/s 194C applicable
CIT vs Apeejay School
(2014) TaxCorp(LJ) 4025 (HC-ALLAHABAD) · 194C
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The deeming fiction u/s. 50 of the Act is only limited for the purpose of computation of capital gain and cannot be extended to exemption provisions.
Sri Ramakrishna Theatres Ltd., vs. Deputy Commissioner of Income Tax
(2014) TaxCorp(LJ) 4024 (HC-KARNATAKA) · 54EC
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S. 80-IB: An “industrial undertaking” can be formed by taking P&M on hire. Not necessary for the assessee to “own” the P&M. Dept’s tendency to try to unsettle matters strongly disapproved
CIT vs. Jyoti Prakash Dutta
(2014) TaxCorp(LJ) 4023 (HC-BOMBAY) · Section 80-IB
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The term “belong to” u/s 153A cannot be equated with the term “relates to”, for the purpose of satisfaction of AO u/s 153C
PEPSICO INDIA HOLDINGS PVT LTD Vs ACIT
(2014) TaxCorp(LJ) 4022 (HC-DELHI)
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ITAT - Taking over of possession of the assets of borrower by the secured lender is not transfer of assets
RAJASTHAN PETRO SYNTHETICS LTD Vs ACIT
(2014) TaxCorp(LJ) 4021 (ITAT-DELHI)
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Creation of capital by NRI gifts
Commissioner of Income-tax Versus Narinder Kumar Sekhri, Chaman Lal Sekhri and Subhash Chander
(2014) TaxCorp(LJ) 4020 (HC-P&H)
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HC – Exemption u/s 10A allowable in respect of units set up in different floors of same old premises
CIT vs. M/s.Wipro GE Medical System Ltd.
(2014) TaxCorp(LJ) 4019 (HC-KARNATAKA) · 10A
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Dividend Taxable if Company from whom it received has not paid dividend distribution tax
District Cooperative Bank Limited Vs. ACIT
(2014) TaxCorp(LJ) 4018 (ITAT-DELHI)
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Penalty cannot be levied merely because an amount is not allowed or taxed as income
DCIT. Vs. Crew Bos Products Pvt. Ltd.
(2014) TaxCorp(LJ) 4017 (ITAT-DELHI)
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Whether mere difference in the value recorded by the assessee for computing capital gains and the value given by the stamp valuation authority, can be accepted as a reasonable basis for initiating reassessment u/s 147
THE COMMISSIONER OF INCOME TAX – I Vs. SHRI SAMRAJ KRISHAN CHAUDHARY
(2014) TaxCorp(LJ) 4016 (HC-ALLAHABAD) · Income Tax - Sections 147, 148, 260A
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Whether roads connecting the various amusement rides within the park with one another and electrical fittings are entitled to depreciation at the rate of 10% and 15% respectively.
THE COMMISSIONER OF INCOME TAX Vs. VGP HOUSING (P) LTD.
(2014) TaxCorp(LJ) 4015 (HC-MADRAS) · Income Tax - Sections 142(1), 143(2), 153A
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