Income Tax Judgements
GEO ENPRO PETROLEUM LTD
Sanjeev Jain 25 June 2009 at 17:15
Dismissed Assessee's Appeal: Section 80IB Deduction involved: Commercial Production Year. In our view this finding is a pure finding of fact. If that be so, according to us, no question of law, much less a substantial question of law arises for our c
OCL India Ltd
Sanjeev Jain 25 June 2009 at 17:15
Once revenue has not challenged a CIT-A order on a subject matter, same cannot be disturbed by invoking section 154 seeking to rectify appeal effect order originally passed (On part of AO)
Urmila Bawa
Sanjeev Jain 25 June 2009 at 17:15
In this case, DHC has affirmed ITAT order which has emphasized and pointed that in case Deptt Valuation report do not consider material facts relating to a property, an assessee can rebut /dislodge the same by placing its own valuer's report, which i
BHC in Prasad Agents Private Limited
Sanjeev Jain 25 June 2009 at 17:15
(engaged in trading of shares etc): for the first time, in context of explanation to section 73 of the Act (dealing with classification of loss arising from sale/purchase of shares in hands of a company assessee as speculative loss).
BHC in Cartini India Limited
Sanjeev Jain 25 June 2009 at 17:15
BHC in context of reopening within four years (not covered by proviso to section 147), held that AO cannot form a prima facie opinion that deduction is not allowable and accordingly reopen the assessment on the ground that income chargeable to tax ha
section 254/income-tax act
Member (Account Deleted) 25 June 2009 at 17:15
Section 254, read with section 201, of the Income-tax Act, 1961 - Appellate Tribunal - Powers of - Assessment years 1994-95 to 2000-01 - Tribunal, by order dated 30-11-2005, held that once revenue had collected tax in respect of impugned payments mad
Busy, fails to file IT Returns-Unavoidable Circumstances
Sourabh Sharma 11 June 2009 at 13:50
Laptops of Auditors seized during search of an assessee
Kedar Pande 11 June 2009 at 13:50
Laptops of Auditors seized during search of an assessee – Income Tax Department cannot force auditors to part with information of other parties stored in computers: Delhi HC
Section 37(1) of the Income-tax Act, 1961
Member (Account Deleted) 11 June 2009 at 13:50
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