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The manufacturing activity was earlier carried was given on lease and the assessee earned the rental income from the house property and assessee had claimed the benefit under Section 24 with respect to the rental income
PHELIX APPLIANCES LTD. Vs. INCOME TAX OFFICER WARR-4(2)
(2014) TaxCorp(LJ) 3700 (HC-GUJARAT) · Income Tax - Sections 24, 70, 71, 143(2)
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Whether the estimation of 8% gross profits prescribed u/s 44AD is based on some cogent material and evidences.
COMMISSIONER OF INCOME TAX-XIII Vs. LOVISH OBEROI
(2014) TaxCorp(LJ) 3699 (HC-DELHI) · Income Tax - Sections 44AD, 144
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Whether the assessee would qualify for deduction u/s 80IB(10), even when it has not completed the project within stipulated time.
CHHAYA VALMIK NIKHADE Vs. THE ASSTT COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 3698 (HC-BOMBAY) · Income Tax - Sections 80IB(10), 143(3), 147, 148
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Whether the claim of depreciation can be disallowed, when there are concurrent findings of the lower authorities that the assessee has established its claim.
M/s WIPRO FINANCE LTD. Vs. THE COMMISSIONER OF INCOME TAX, THE DEPUTY COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 3697 (HC-KARNATAKA) · Income Tax - Section 260A
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Whether the ex-parte order passed by the Tribunal can be allowed to stand, when no malafide intention can be attributed to the assessee for its absence during the hearing.
VISION CORPORATION LTD. Vs. JOINT COMMISSIONER OF INCOME TAX
(2014) TaxCorp(LJ) 3696 (HC-GUJARAT)
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Whether a comparable with abnormal profit margin has to be excluded for the purpose of computing ALP
ACIT. Vs. M/s BRIGAE CORPORATION INDIA PVT LTD.
(2014) TaxCorp(LJ) 3695 (ITAT-CHENNAI) · Income Tax - Sections 10A, 10B, 92CA, 143(3), 250
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S. 153A: No addition can be made in respect of an unabated assessment which has become final if no incriminating material is found during the search
CIT. vs. Murli Agro Products Ltd.
(2014) TaxCorp(LJ) 3694 (HC-BOMBAY) · Section. 153A
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S. 80-IB: If the undertaking satisfies the conditions for eligibility in the initial year, it must get deduction for 10 years & non-compliance in a subsequent year is irrelevant
Ace Multi Axes Systems Ltd. vs. DCIT
(2014) TaxCorp(LJ) 3693 (HC-KARNATAKA) · Section. 80-IB
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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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