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Expenses incurred between the dates of commencement of business to setting up of business are allowable
Carefour WC & C India Pvt. Ltd. Vs. DCIT
(2014) TaxCorp(LJ) 4248 (HC-DELHI)
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Share broker business commences on the date on which assessee filed application for registration with NSE
Elan Equity Services Pvt. Ltd. Vs. ITO
(2014) TaxCorp(LJ) 4247 (ITAT-DELHI)
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Penalty u/s 271C cannot be levied where assessee was under bonafide belief that TDS is not deductible
Sukhdev Singh Vs. The JCIT(TDS)
(2014) TaxCorp(LJ) 4246 (ITAT-CHANDIGARH) · Section. 271C
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S. 68 Addition based on mere report of Investigation Wing not sustainable
ITO. vs. Rakam Money Matters P. Ltd.
(2014) TaxCorp(LJ) 4245 (ITAT-DELHI) · Section. 68
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AO can make adjustment to profit if books are not in accordance with established accounting principles
Padinjarekara Agencies Pvt. Ltd. vs. ACIT
(2014) TaxCorp(LJ) 4244 (ITAT-COCHIN)
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No disallowance u/s 14A, where assessee have sufficient own funds for making investment
CIT. Vs. Torrent Power Ltd.
(2014) TaxCorp(LJ) 4243 (HC-GUJARAT) · Section. 14A
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Mere Non recording of detailed reason in Assessment Order do not justify the presumption that order been passed without application of mind
Munshi Mini Rice Mill vs. ITO
(2014) TaxCorp(LJ) 4242 (ITAT-KOLKATA) · Section. 143(3)
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Cash seized during search cannot be adjusted against advance-tax liability
DCIT. vs. Spaze Tower Pvt. Ltd.
(2014) TaxCorp(LJ) 4241 (ITAT-DELHI)
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AO can issue notice u/s 148 despite non expiry of time limit for issuing notice u/s 143(2)
Malwinder Singh Vs. ITO
(2014) TaxCorp(LJ) 4240 (ITAT-CHANDIGARH) · Section. 148, 143(2)
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Deemed dividend applies only where there is ‘actual payment’ & not on transaction in kind
Parag Desai v. Addl. CIT
(2014) TaxCorp(LJ) 4239 (ITAT-INDORE) · Section. 2(22)(e)
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Refund cannot be denied for failure on the part of Income Tax Department
Shanti Enterprise vs. ACIT
(2014) TaxCorp(LJ) 4238 (HC-GUJARAT)
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Payment of related Indian income tax by recipient foreign entity and disallowance for payment made without deduction of TDS
Mitsubishi Corporation India Pvt. Ltd. vs. DCIT
(2014) TaxCorp(LJ) 4237 (ITAT-DELHI)
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Penalty u/s 271(1)(c) cannot be levied for mere non acceptance of explanation furnished by the assessee
Shri Kirtibhai K. Shroff Vs. ITO
(2014) TaxCorp(LJ) 4236 (ITAT-AHMEDABAD) · Section. 271(1)(c)
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Validity of order u/s 263 on a issue on a issue on which CIT (A) has already decided in favour of Assessee
Tejpal Singh Kohli Vs. CIT
(2014) TaxCorp(LJ) 4235 (ITAT-DELHI) · Section. 263
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Interest Income of Co-Operative Bank on deposits with Co-operative Bank not eligible for Deductoion U/s. 80P
Mutholy Service Co-Operative Bank Ltd. Vs. The Income Tax Officer
(2014) TaxCorp(LJ) 4234 (ITAT-COCHIN) · Section. 80P
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Books of Accounts cannot be rejeced on mere fall in G.P Ratio
ACIT. Vs. Smt. Meena Singh Shekhawat L/h of Late Sh. Bhopal Singh Shekhawat
(2014) TaxCorp(LJ) 4233 (ITAT-JODHPUR)
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Omission of notice u/s 143(2) of the Act is not merely a procedural irregularity
ITO Vs. Shri Bhuvanesh Maheshwari
(2014) TaxCorp(LJ) 4232 (ITAT-JODHPUR) · Section. 143(2)
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S. 54F amendment by Finance (No.2) Act, 2014 is prospective & w.e.f. 01.04.2015
CIT vs. V. R. Karpagam
(2014) TaxCorp(LJ) 4231 (HC-MADRAS) · Section. 54F
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Interest on NPAs, even if credited to the Profit & loss account, is not chargeable to tax
The Solapur District Central Co-op. Bank Ltd. vs. ACIT
(2014) TaxCorp(LJ) 4230 (ITAT-PUNE)
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An Attitudal change in Judges is required. It is high time for us to change our mind set and see whether this new technology can help us to increase the speed and also we have to take into account the convenience of the parties
Suvarna Rahul Musale vs. Rahul Prabhakar Musale
(2014) TaxCorp(LJ) 4229 (HC-BOMBAY)
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