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Tax implications of employee secondment contracts explained
Centrica India Offshore Pvt. Ltd vs. CIT
(2014) TaxCorp(LJ) 3270 (HC-DELHI)
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Assessee is bound to furnish a return in response to a s. 148 notice. The reasons for reopening can be given only thereafter. A writ involving disputed factual issues cannot be entertained
Adobe Systems Software Ireland Ltd vs. ADIT
(2014) TaxCorp(LJ) 3269 (HC-DELHI)
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Reopening the assessment u/s 147
Objectorb Technologies P Ltd vs DCIT
(2014) TaxCorp(LJ) 3268 (ITAT-BANGALORE) · 147
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Exempt State entertainment tax capitalised as subsidy
CIT vs Samta Chavigrah
(2014) TaxCorp(LJ) 3267 (HC-RAJASTHAN)
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assessment order which has been cancelled u/s 263
CIT vs Late Bhakt Mohan L/H Smt.Urmila Mohan
(2014) TaxCorp(LJ) 3266 (HC-ALLAHABAD) · 263
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Reopening of assessment u/s 148
N K INDUSTRIES LTD vs INCOME TAX OFFICER (OSD)
(2014) TaxCorp(LJ) 3265 (HC-GUJARAT)
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Depreciation actually debited to the profit
Pune Heat Treat P. Ltd. vs ITO
(2014) TaxCorp(LJ) 3264 (ITAT-MUMBAI)
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Sale proceeds of the scrap
Commnr. of Income Tax vs Punjab Stainless Steel Industries
(2014) TaxCorp(LJ) 3263 (SC) · S. 80HHC
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Penalty u/s 271(1)(c)
ACIT vs Smt R Mahalakshmi
(2014) TaxCorp(LJ) 3262 (ITAT-CHENNAI) · S. 271(1)(c)
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SC dismissed SLP
KIRAN DEVI vs CIT
(2014) TaxCorp(LJ) 3261 (SC) · S. 271(1)(c), 153 C, 139, 148
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supporting evidence in respect of entries in the books of accounts
Anil Kumar & Co vs Income Tax Officer
(2014) TaxCorp(LJ) 3260 (ITAT-BANGALORE)
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Sections 14A, 80IB, 80P(2), Rule 8D – Provision of section 14A, would have no application in respect of the income not being taxable on account of deduction u/s 80P(2)(d). Ld. CIT(A) and ITAT rightly held that there is no application of section 14A as far as the deduction u/s 80A to 80U under Chapter VIA are concerned.
CIT vs BANASKANTHA DIST CO-OP MILK PRODUCERS UNION LTD
(2014) TaxCorp(LJ) 3259 (HC-GUJARAT) · Sections 14A, 80IB, 80P(2), Rule 8D
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Discretionary Trust or Specific Trusts - Merely because the Settlor and after his death, his son did not exercise their power to appoint the discretion exercisers, the character of the subject trusts does not get altered. The discretionary trust is equally applicable to the controversy under the Wealth Tax Act. The value of the assets cannot be assessed on the estate of the deceased Settlor.
COMMISSIONER OF WEALTH TAX vs ESTATE OF LATE HMM VIKRAMSINHJI OF GONDAL
(2014) TaxCorp(LJ) 3258 (SC)
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HC- Satisfaction note necessary for initiating 153C
Commissioner Of Income Tax (Central) vs Gopi Apartment
(2014) TaxCorp(LJ) 3257 (HC-ALLAHABAD) · 153C
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Prize won on unsold tickets amounts to income by way of winnings from lottery. The provision of Section 115BB of the Act is fully applicable.
J N Sharma vs Asstt. Commissioner Of Income Tax
(2014) TaxCorp(LJ) 3256 (HC-ALLAHABAD)
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High Court imposes costs of Rs. 50,000 on AO for filing frivolous appeal & wasting public money & judicial time
CIT vs. Sairang Developers and Promoters Pvt. Ltd.
(2014) TaxCorp(LJ) 3255 (HC-BOMBAY)
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Violation under section 13(1)(d) does not attracts denial of exemption to trust
CIT Vs. Fr. Mullers Charitable Institutions
(2014) TaxCorp(LJ) 3254 (HC-KARNATAKA)
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Indexed cost of acquisition of capital asset has to be computed with reference to the year in which the previous owner first held the asset.
Dawn Olivia Taylor vs The Income Tax Officer
(2014) TaxCorp(LJ) 3253 (ITAT-BANGALORE) · Income Tax Section 2(42A), 48, 49(1)
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Technical infirmity, is of no practical significance if additions on merits cannot be sustained
A.C.I.T. vs. Dakshinanchal Vidyut Vitran Nigam Limited
(2014) TaxCorp(LJ) 3252 (ITAT-AGRA)
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Allhabad HC- Satisfaction note necessary for initiating 153C
Commissioner of Income Tax (Central) Vs. M/S Gopi Apartment
(2014) TaxCorp(LJ) 3251 (HC-ALLAHABAD)
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