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S. 57(iii): Interest paid on a loan taken to avoid premature encashment of a fixed deposit is deductible against the interest earned on the fixed deposit
Raj Kumari Agarwal vs. DCIT
(2014) TaxCorp(LJ) 3692 (ITAT-AGRA) · Section. 57(iii)
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It was not open to the A.O to decide the objection to notice u/s/ 148 by a composite assessment order
M/s. Bharuch Enviro Infrastructure Ltd. Vs. The Dy. Comm. Of Income Tax
(2014) TaxCorp(LJ) 3691 (ITAT-AHMEDABAD) · 147
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Whether administrative and managerial expenses incurred for making investment could be disallowed u/s 14A, on which no dividend income was earned
M/s DOUBLEDOT FINANCE LTD. Vs. DEPUTY COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 3690 (ITAT-MUMBAI) · Income tax - Section 14A
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Whether residential units exceeding the prescribed limit of 1500 sq.ft u/s 80IB(10) were eligible for benefits of exemption under such section
G K DEVELOPERS Vs. DEPUTY COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 3689 (ITAT-PUNE) · Income Tax - Sections 80IB(10), 80IB(14)(a), 143(3), 263
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Whether the AO's entertainment of application of the assessee u/s 154 for interest on refund was within its jurisdiction and all subsequent proceeding, emanating from it is was justified.
ALPS INDUSTRIES LTD. Vs. ASSTT COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 3688 (ITAT-DELHI) · Income Tax - Sections 154, 244 244A, 244A(1), 263, 264
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Whether when it is established that the payments made to the non-resident were FTS, the same was tax-exempt as per proviso to Sec 9(1)(vii) as the agreements entered into were dated prior to April 1, 1976 - YES: Bombay HC
CIT. Vs. M/s MONTEDISON OF ITALY
(2014) TaxCorp(LJ) 3687 (HC-BOMBAY) · Income tax - Sections 9(1)(vi) & (vii)
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Whether when such investments are from internal accruals, even then some TP adjustment with respect to interest is required to be made.
M/s PRITHVI INFORMATION SOLUTIONS LTD. Vs. ACIT
(2014) TaxCorp(LJ) 3686 (ITAT-HYDERABAD) · Income Tax - Sections 2(24)(x), 10A, 14A, 36(1)(va), 40(a), 43B, 115JB, 133(6), 143(3), 144C, 194C, 194I, 200
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The AO allowed a deduction 5% of the total receipts under sec. 44C. Accordingly, the AO determined the total income of the assessee at Rs.21,54,31,390/-.
ITO. Vs. LINKLATERS AND PAINES
(2014) TaxCorp(LJ) 3685 (ITAT-MUMBAI) · Income Tax - Sections 44C, 234B
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Whether when the Revenue has not examined various terms used in the relevant tax treaty as per various judicial decisions given with respect to the same tax treaty, no wrong will be committed if the Tribunal remands the case back to the AO.
ACNIELSEN CORPORATION Vs. ACIT
(2014) TaxCorp(LJ) 3684 (ITAT-MUMBAI) · Income Tax - Section 9(1)(vi)
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Whether a part of franchise fee can also be treated as capital expenditure.
CIT. Vs. JUBILANT FOODWORK PVT LTD.
(2014) TaxCorp(LJ) 3683 (HC-DELHI) · Income Tax - Section 37
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S. 153A: AO is required to assess the “total income” and is not confined only to income which was unearthed during search. Law laid down in All Cargo Global Logistics disapproved
Canara Housing Development Co vs. DCIT
(2014) TaxCorp(LJ) 3682 (HC-KARNATAKA) · Section 153A
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S. 23(1)(a): Entire law on determination of “annual value” explained
CIT vs. Tip Top Typography
(2014) TaxCorp(LJ) 3681 (HC-BOMBAY) · Section 23(1)(a)
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HC prohibits Non advocates from appearing before VAT Authorities
Tax Lawyers Association Lko. Throu General Secy. & Anr. Vs. State Of U.P.Thru. Prin. Secy. Tax & Registration U.P. Lko. & Ors
(2014) TaxCorp(LJ) 3680 (HC-ALLAHABAD)
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The discretionary and equitable jurisdiction under Article 226 of the Constitution of India is, therefore, not available to question the order passed.
COMMISSIONER OF INCOME TAX Vs. ASSISTANT REGISTRAR INCOME TAX APPELLATE TRIBUNAL
(2014) TaxCorp(LJ) 3679 (HC-BOMBAY) · Income Tax - Section 154(1A)
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Whether when the assessee has paid advance tax in certain financial years but chooses not to file returns for many years, the income of the years for which no returns were filed, partakes the character of undisclosed income
THE COMMISSIONER OF INCOME TAX, AP-II Vs. MR VIMAL CHAND JAIN
(2014) TaxCorp(LJ) 3678 (HC-AP)
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Whether the disallowance under rule 6D should be computed with reference to the total travel expenditure incurred by an employee or other persons during the entire year and not with reference to the expenditure incurred during each trip separately.
COMMISSIONER OF INCOME TAX Vs. M/s MAFATLAL DYES AND CHEMICALS LTD.
(2014) TaxCorp(LJ) 3677 (HC-BOMBAY) · Income Tax - Sections 37(3), 40A(8), 256(1)
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Whether the mere fact that it may finally be concluded that the appeal is not maintainable, would not prior to such a finding, lead to a conclusion that no appeal was pending.
AVANTIKA PRARAP SINH MORARJI Vs. THE COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 3676 (HC-BOMBAY) · Income Tax - Section - 95(i)(c)
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Whether reopening of assessment is based on mere change of opinion where a query had been raised with regard to a particular issue and the Assessing Officer had duly applied his mind to the queries raised and taken a view on the matter.
ARONI COMMERCIALS LTD. Vs. THE ASSISTANT COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 3675 (HC-BOMBAY) · Income Tax – Sections 143(3), 147, 148
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Whether in case, no TDS was deducted on the same, the employee can be held responsible for the same.
SRI V VENKAT REDDY AND OTHERS Vs. THE CHIEF COMMISSIONER OF INCOME TAX AND OTHERS
(2014) TaxCorp(LJ) 3674 (HC-AP) · Income Tax - Section 10(10C)
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Whether in case bonds were not available till the last date for investment, capital gain exemption u/s 54EC can be granted to the assessee beyond the period of 6 months.
THE COMMISSIONER OF INCOME TAX Vs. AKBAR ALI DHALA
(2014) TaxCorp(LJ) 3673 (HC-MADRAS) · Income Tax - Section 54EC
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