 Judiciary
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By praveen On 12 April 2013 at 12:03
The facts:
The assessee, being the owner of 6000 fully paid up
equity shares executed a deed of revocable transfer in favour of M/s Yogesh Chandra and Brothers Associates Under the deed, the assessee could, on completion of 74 months from the dat... Continue Reading
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By Niyati On 13 March 2013 at 12:24
In view thereof, the judgment and order in appeal in these cases is also set aside. The matters are remanded to the High Court for fresh consideration on the merits of the case. The appeals are allowed but there will be no order as to costs. Continue Reading
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By CS Bijoy On 24 January 2013 at 12:24
Having regard to Rule 19(2) of ITAT Rules, 1963 and following various decisions of the Tribunal including in the case of CIT vs. Multiplan India (P) Ltd., reported in 38 ITD 320 (Del.) and the judgment of Hon’ble Madhya Pradesh High Court in the case... Continue Reading
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By CS Bijoy On 23 January 2013 at 13:17
The revenue has questioned the first appellate order on the following grounds:
“1. On the facts and circumstances of the case and in law, the ld. CIT (A) has erred in deleting the addition of Rs.21,63,393/- being the amount receivable from M/s Adk... Continue Reading
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By CS Bijoy On 19 January 2013 at 12:42
Assessee company in this case is engaged in the business of manufacturing, designing and fabrication of aluminum and architectural products. In this case it was noted that the assessee has shown ` 3,87,74,848/- as mobilization advance under the head ... Continue Reading
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By CS Bijoy On 03 January 2013 at 11:52
Facts in brief:- The assessee is a Private Limited Company. It filed its return of income on 26.9.2009 declaring a loss of Rs.26,498/-. The assessee company had dividend income of Rs.41,82,220/-, which claimed as exempt under Section 10(34) of the In... Continue Reading
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By CS Bijoy On 02 January 2013 at 12:28
the facts and circumstances of the case and in law, the Ld. CIT(A) has grossly erred in rejecting the appeal filed by the appellant against the assessment order dated 23 December, 2009 by alleging non appearance of the appellant and assuming that the... Continue Reading
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By CS Bijoy On 30 November 2012 at 12:29
The brief facts of the case are that the assessee is a company engaged in the business of manufacture and trade in colour TVs, air-conditioners, refrigerators, microwave oven, washing machine, compressors, vacuum cleaners etc. It emerges out from the... Continue Reading
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By CS Bijoy On 30 November 2012 at 12:29
Facts, in brief, as per relevant orders are that return declaring income of ``1,12,277/- beside agricultural income of ``1,05,000/-,filed on 9th July, 2007 by the assessee, was selected for scrutiny with the service of a notice u/s 143(2) of the Inco... Continue Reading
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By CS Bijoy On 29 November 2012 at 12:10
The assessee has questioned first appellate order on several grounds involving two issues. Firstly as to whether the Ld. CIT(A) has erred in upholding the action of the AO in treating and apportioning the entire foreign traveling expenses of Rs. 19,4... Continue Reading
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