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Whether merely because the manufacturing operations of the assessee's unit have ceased, a fault lies in the decision of the Tribunal that the severance pay is allowable deduction under Section 35DDA.
THE COMMISSIONER OF INCOME TAX-7 Vs. M/s DIAGEO INDIA PVT LTD.
(2014) TaxCorp(LJ) 3472 (HC-BOMBAY) · Income tax - Sections 35DDA, 37(1), 143(1), 143 (3)
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Whether if the details produced in respect of the recipients and the recipient has declared income in their return of income, the assessee can be liable for payment of TDS once again.
M/s PENTA VISION Vs. THE INCOME TAX OFFICER
(2014) TaxCorp(LJ) 3471 (ITAT-COCHIN) · Income Tax - Sections 133A, 194C, 194J, 201(1), 201(1A).
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Whether in case there existed no reasonable cause for accepting loans or deposits or aggregate of such loans or deposits of Rs. 20,000 or more from various persons otherwise than crossed cheques and drafts and as such committed contravention of the provisions of s. 269SS, penalty u/s 271D can be attracted.
DEPUTY COMMISSIONER OF INCOME TAX Vs. SHRI LISTIN STEPHEN
(2014) TaxCorp(LJ) 3470 (ITAT-COCHIN) · Income Tax – Sections 269SS, 271D, 273D
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Whether penalty u/s 271(1)(C) can be levied when there was no doubt on the genuineness of the claimed expenditure, the only question was the treatment given by the assesee to those expenditure which was a debatable issue.
DEPUTY COMMISSIONER OF INCOME TAX Vs. M/s LEARNING UNIVERSE PVT LTD.
(2014) TaxCorp(LJ) 3469 (ITAT-DELHI) · Income Tax - Section 271(1)(C)
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Whether when the reasons recorded by the AO while reopening the assessment proceedings u/s 147 were communicated to the assessee and the assessee could not file any objection to the same, the reopening was correctly held as valid.
JAGDISH C SACHDEV Vs. INCOME TAX OFFICER
(2014) TaxCorp(LJ) 3468 (ITAT-AHMEDABAD) · Income Tax - Sections 68, 131, 143(1)(a), 143(2), 143(3), 147, 148, 151, 234A, 234B, 250
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S. 147: In view of the verdicts of the Supreme Court in GKN Driveshafts & Chhabil Dass Agarwal a s. 148 notice & order on objections cannot be challenged in a Writ Petition
JCIT vs. Kalanithi Maran
(2014) TaxCorp(LJ) 3467 (HC-MADRAS) · Section 147
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CPC hauled up for harassing assessee by imposing tax of 60% on LTCG & refusing to rectify
Mohan Kant Bansal vs. ITO
(2014) TaxCorp(LJ) 3466 (ITAT-KOLKATA)
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S. 54/54F: Two flats, even though acquired under different agreements & from different sellers, are one residential unit if there is a common kitchen
CIT vs. Devdas Naik
(2014) TaxCorp(LJ) 3465 (HC-BOMBAY) · Sections. 54, 54F
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S. 201 TDS: Even if the statute does not lay down a time limit, proceedings must be completed within a limited period
DIT (IT) vs. Mahindra & Mahindra Limited
(2014) TaxCorp(LJ) 3464 (HC-BOMBAY) · Section. 201
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S. 37(1): Expenditure on education of director is personal expenses & not allowable deduction. Assessee to pay costs of Rs. 50,000 to dept
Shreenath Motors Pvt. Ltd vs. CIT.
(2014) TaxCorp(LJ) 3463 (HC-BOMBAY) · Section. 37(1)
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Whether appellate authorities can entertain a claim where the assessee had made initial claim of deduction of interest on the borrowings as deductible business expenditure under section 36(1)(iii) and thereafter filed revised statement of computation of income whereby the initial claim was given up and was disallowed by the assessee himself and instead interest was made under section 24(b) which was the legally correct claim while computing the income from house property and the same was rejected by the Assessing Officer on the ground that the same should have been made by way of revised return of income.
ASSTT COMMISSIONER OF INCOME TAX Vs. MR CHETAN K MEHTA
(2014) TaxCorp(LJ) 3462 (ITAT-MUMBAI) · Income Tax - Sections 24(b), 36(1)(iii), 143(3)
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Whether reopening of assessment is justified where neither in the reasons recorded nor anywhere in the assessment order there was any allegation by the AO that the assessee had not disclosed truly and fully all material facts necessary for its assessment.
DEPUTY COMMISSIONER OF INCOME TAX Vs. M/s QUALITY CARE INDIA LTD.
(2014) TaxCorp(LJ) 3461 (ITAT-HYDERABAD) · Income Tax - Sections 143(3), 147, 148, 153A
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Whether section 2(22 )( e) can be attracted, when such recipient company neither holds 10% shares nor has more than 20% beneficial stakes in the assessee - Whether proceedings initiated u/s 201(1)/201(1A) after a lapse of nine years from the relevant AY is time barred.
ASSISTANT COMMISSIONER OF INCOME TAX Vs. M/s C J INTERNATIONAL HOTELS LTD.
(2014) TaxCorp(LJ) 3460 (ITAT-DELHI) · Income Tax - Sections 2(22)(e), 194, 201(1), 201(1A)
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Whether addition can be made u/s 68 on the ground of undisclosed source of share application money, when AO has neither done any verification of documents nor issued summons u/s 131 to the share applicants for their personal presence.
M/s GABS FABRICS (P) LTD. Vs. INCOME TAX OFFICER
(2014) TaxCorp(LJ) 3459 (ITAT-DELHI) · Income Tax - Sections - 68, 69C, 131, 143(1), 148
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Whether when the assessee fails to furnish details of business purposes on foreign travel, any expenditure incurred in this relation warrants disallowance.
GENESIS ORGANICS P LTD. Vs. DEPUTY COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 3458 (ITAT-AHMEDABAD) · Income Tax – Sections 35, 40(a)(ia)
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Whether when AO makes disallowances of wages claimed on estimate basis, such disallowance calls for imposition of penatly.
SAMIR DIAMOND MFG PVT LTD. Vs. ASSTT COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 3457 (ITAT-AHMEDABAD) · Income tax - Section 271(1)(c)
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Whether in case the notice for reopening is issued, it is allowed to be proceeded and the Assessing Officer can also open other issues, other than those for which the reasons have been recorded - Whether ordinarily in a writ petition also, the High Court can interfere with such notices issued.
GUJARAT PAGUTHAN ENERGY CORPORATION PVT LTD. Vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-4
(2014) TaxCorp(LJ) 3456 (HC-GUJARAT) · Income Tax - Sections 80IA(iv), 139(1), 147, 148
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Whether the expenditure incurred on purchase of technical know how fees is allowable as a revenue expenditure u/s 37(1).
DEPUTY COMMISSIONER OF INCOME TAX, (ASSTT) Vs. CIBATUL LTD.
(2014) TaxCorp(LJ) 3455 (HC-GUJARAT) · Income Tax - Sections 35AB, 37, 260A
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Whether proceeds earned on counter-sales against foreign currency is eligible for deduction u/s 80HHC - Whether penal provisions are different from provisions relating to charging interest.
COMMISSIONER OF INCOME TAX, AGRA AND ANOTHER Vs. M/s OSWAL EXPORTS
(2014) TaxCorp(LJ) 3454 (HC-ALLAHABAD) · Income Tax – Sections 260A, 234-A, 234-B or 234-C
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Whether proceeds earned on counter-sales against foreign currency is eligible for deduction u/s 80HHC - Whether penal provisions are different from provisions relating to charging interest.
COMMISSIONER OF INCOME TAX BAREILLY & ANOTHER Vs. M/s REDICO KHAITAN LTD.
(2014) TaxCorp(LJ) 3453 (HC-ALLAHABAD) · Income Tax – Sections 43B, 115J, 143(1)(a), 154
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