 Judiciary
Displaying 1270 - 1280 of 1440 in 144 pages
By CA Nikita On 02 October 2007 at 14:17
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By CA Nikita On 30 September 2007 at 13:40
THIS is a rare case where the assessee
lost consistently at all stages from AO, through, Commissioner
(Appeals), ITAT, High Court and now the Supreme Court.
For the assessment year 1992-93, the assessee appellant had claimed
deduction under ... Continue Reading
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By CA Nikita On 30 September 2007 at 13:40
Block assessment - notice u/s 158BC(a) cannot be equated with that
of notice u/s 148; Defects in notice protected under umbrella of Sec
292B : Bombay HC
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By CA.Saibaburao Nanduri On 29 September 2007 at 19:48
Held by the Hon`ble Bench that, the scope of section 147 of Income-tax Act, is not for reversing the earlier order suo motu. Therefore reassessment is not permissible on the basis of change of opinion.
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By CA Nikita On 28 September 2007 at 15:05
Can double benefits u/s 10B and Sec 80HHC be allowed on exports of
same goods? - Can Revenue deny Sec 80HHC benefits if exports are
made from third country? - Tribunal says YES in first case and NO in
second Continue Reading
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By CA Nikita On 28 September 2007 at 14:27
Need for notice u/s 143(2) cannot be dispensed with in a case where
AO proceeds to make inquiry for assessment, and determination of
taxes payable after issuing notice u/s 143(1) as well : ITAT
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By CA.Saibaburao Nanduri On 28 September 2007 at 11:04
Held by the Hon`ble Court that, nothing was produced before Tribunal and Court, therefore A.O. relied on some non existent material and the addition made by him is set aside
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By Ravikumar.G On 27 September 2007 at 20:51
Section 260A of the Income-tax Act, 1961 – High Court – Appeal to – Assessee purchased certain land at a consideration as shown in sale deed executed therefor – Subsequently, certain notes on loose sheets allegedly written by assessee were found and ... Continue Reading
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By Ravikumar.G On 27 September 2007 at 20:51
Section 80HHC of the Income-tax Act, 1961 - Deductions - Exporters - Assessment year 1992-93 - Whether term ‘profit’ in section 80HHC both in sub-section (1) and in sub-section (3) means a positive profit worked out after taking into consideration lo... Continue Reading
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By Ravikumar.G On 27 September 2007 at 20:51
Section 41(1) of the Income-tax Act, 1961 - Remission or cessation of trading liability - Assessment year 1984-85 - Whether an unilateral entry on part of assessee-debtor to write back amount of liability lying unclaimed on ground of limi... Continue Reading
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