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Whether the mere recording of the submission of the assessee, observation that disallowance on account of subscription to federation which was paid to the federation not in the course of carrying on any activity by the federation office as per explanation as given in section 194J, can be deleted.
COMMISSIONER OF INCOME TAX Vs. SARJOO SAHKARI CHINI MILL LTD.
(2014) TaxCorp(LJ) 3540 (HC-ALLAHABAD) · Income Tax - Sections 40(a)(ia), 194J, 260A
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Whether non-communication thereof is saved by showing that the reasons existed in the files although not communicated to the assessee.
ASHOK KUMAR JAIN Vs. COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 3539 (HC-ALLAHABAD) · Income Tax - Sections 127, 147, 148
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Whether the Tribunal has the power to extend or grant stay for a period beyond a period of 365 days.
CRM SERVICES INDIA PVT LTD. Vs. THE DEPUTY COMMISSIONER OF INCOME-TAX
(2014) TaxCorp(LJ) 3538 (HC-DELHI) · Income Tax - Section 254(2A)
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Whether as per the provisions of section 43(6)(c), the receipt from Insurance Company towards claim against damage to building, plant and machinery is to be reduced from the block to the extent of additions made to the block of plant and machinery during the previous year.
M/s PRIYADARSHINI SPINNING MILLS LTD. Vs. COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 3537 (HC-AP) · Income Tax - Sections 2(11), 32, 43(6), 256(1)
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The amount of interest paid accrued was to be treated as deposit and, therefore, the provisions of section 194A were not attracted. The AO however, did not accept the assessee’s contentions.
DCIT Vs STATE BANK OF INDIA
(2014) TaxCorp(LJ) 3536 (ITAT-DELHI) · Income Tax - Sections 33ABA, 194A, 197, 201, 201(1)(a)
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Aggrieved by such adverse order resulting from binding precedent of this Tribunal, the revenue had preferred present appeal.
CIT. Vs IMPACT CONTAINERS PVT LTD.
(2014) TaxCorp(LJ) 3535 (HC-BOMBAY) · Income tax - Sections 2(22)(e), 2(6A)(e), 56, 143(1)
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It was held that the assessee had acquired computers from HICS, who had also claimed depreciation on the said asset before they were transferred to the assessee.
CIT Vs HEARTLAND DELHI TRANSCRIPTION SERVICES PVT LTD.
(2014) TaxCorp(LJ) 3534 (HC-DELHI) · Income Tax - Sections 10A, 10B
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Mere admission of Appeal by High Court sufficient to disbar s. 271(1)(c) penalty
CIT vs. M/s Nayan Builders and Developers
(2014) TaxCorp(LJ) 3533 (HC-BOMBAY) · Section 271(1)(c)
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S. 68: Primary burden is on AO to show that share application money is assessable as unexplained cash credit. AO cannot sit back with folded hands & simply reject assessee’s evidences
Mithila Credit Services Ltd vs. ITO
(2014) TaxCorp(LJ) 3532 (ITAT-DELHI) · Section 68
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The TPO held that foreign exchange loss was required to be considered as part of operating cost.
WESTFALIA SEPARATOR INDIA PVT LTD. Vs ACIT
(2014) TaxCorp(LJ) 3531 (ITAT-DELHI) · Income Tax - Sections 68, 92CA(3), 154
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A final assessment order was made on 29.07.2011 and the assessee’s income was computed at Rs. 2,68,74,62,560/-.
PGS GEOPHYSICAL AS Vs. ADDL. DIT.
(2014) TaxCorp(LJ) 3530 (HC-DELHI) · Income Tax - Sections 9(1)(vii), 44BB, 44DA, 115A, 143, 197, 293A
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The assessee had claimed expenditure over payment of demurrage made u/s 40(a)(ia) r/w/s 195(1) in respect of iron ore to buyers outside India and also to the resident exporters u/s 40(a)(ia) r/w/s 194C, which was disallowed by the AO. The CIT(A) however, deleted such disallowance.
SESA GOA LTD. Vs. ADDL. CIT
(2014) TaxCorp(LJ) 3529 (ITAT-PANAJI) · Income tax - Sections 14A, 40(a)(ia), 194C, 195(1)
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The Assessee with its letter, made detailed submission challenging the validity of the issuance of such show cause notice.
SESA GOA LTD. Vs. CIT
(2014) TaxCorp(LJ) 3528 (ITAT-PANAJI) · Income Tax - Sections 2(29BA), 10B, 32(1)(iia), 92CA, 143(1), 263
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It was further observed that ALP had been determined by using CUP Method i.e. com pared against a single price and not against multiple prices, the benefit of 5% Bond was not available to the assessee as had been held in the case of M/s. Perot Systems TSI (India) Ltd. vs. DCIT. The AO had called for objections against the draft order passed.
GLAMOUR ENTERPRISES PVT LTD. Vs DCIT
(2014) TaxCorp(LJ) 3527 (ITAT-JAIPUR) · Income tax - Sections 92CA(3), 92E, 144C(5) & (13)
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Accordingly, the TPO adjusted Rs.90,71,754/- in respect of the lease rentals paid by the assessee.
BOSKALIS INTERNATIONAL DREDGING INTERNATIONAL Vs. DDIT
(2014) TaxCorp(LJ) 3526 (ITAT-MUMBAI) · Income Tax - Section 92C
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Alternatively the AO held that even if the revenue was considered as business profits, it is still taxable in India because its Indian subsidiary, Reuters India, constituted an agency PE of the assessee as well as the assessee was having equipment in India which constituted a fixed base PE.
REUTERS TRANSACTION SERVICES LTD. Vs DDIT
(2014) TaxCorp(LJ) 3525 (ITAT-MUMBAI) · Income Tax - Sections 5(4), 9(1)(vi), 44D, 115A, 144C(3), (5) & (13), 234B
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In this appeal, assessee has raised various grounds. One on the issue of T.P. adjustments made. Another was on levy of interest under section 234B which was statutory in nature. Lastly was the initiation of penalty proceedings.
KIRBY BUILDING SYSTEMS INDIA LTD. Vs ADDL. CIT
(2014) TaxCorp(LJ) 3524 (ITAT-HYDERABAD) · Income Tax - Sections 37(1), 43B, 92CA, 143(3), 144C, 234B, 234D, 271(1)(c)
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The sole issue was the inclusion of such expenditure as a part of the taxable income of the assessee. On appeal, the CIT(A), excluded such expenditure from the gross receipts. Hence, the present appeal.
ADIT. Vs. SMITH INTERNATIONAL INC.
(2014) TaxCorp(LJ) 3523 (ITAT-DELHI) · Income Tax - Section 44BB
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In reaching this prima facie belief, the AO relied on the amendment made to section 44DA through the Finance Bill, 2010. The draft assessment order was passed.
CGG MARINE SAS Vs. ADIT
(2014) TaxCorp(LJ) 3522 (ITAT-DELHI) · Income tax - Sections 9(1)(vii), 44BB(1), 44D, 44DA, 115A, 143(2) & (3), 144C(13), 147, 148
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VCES application rejection for Delay or Short Payment of taxes valid – HC
Ramilaben Bharatbhai Patel v. Union of India
(2014) TaxCorp(LJ) 3521 (HC-GUJARAT)
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