Income Tax Judgements

Where there is sufficient cause shown and the application for condonation of delay has been moved bonafidely, the Court would normally condone the delay but where the delay has not been explained at all and, in fact, there is unexplained and inordina

the provision impugned is validly enacted and not hit by legislative incompetence of Central Legislature.

the assessee is entitled to deduction of roll over charges under section 36(1)(iii) of the I.T. Act, 1961.

The assessee was engaged in the business of running a hotel. During the year under consideration it had spent a sum of Rs.7.06 lacs on construction of glass curtain wall on the front side of the hotel, which was in addition to the existing building w

During the relevant assessment year, the assessee invested her capital gains income in notified bonds and claimed exemption u/s.54EC. The Assessing Officer denied the exemption on the ground that the investment in the bonds was in the joint names whi

For the relevant assessment year, the assessee, engaged in the business of IT-enabled accounting services and software development, claimed set-off of carried forward business loss and unabsorbed depreciation against the income of the unit on which d

the assessee had made certain payments for fabrication charges, but had not deducted tax at source. The Assessing Officer held that the assessee has failed to deduct tax at source u/s.194C. The contention of the assessee was that it was not advised b

The assessee obtained orders from foreign buyers with advance payment to be adjusted against supplies to be made. The assessee had to supply in future more quantities than what was originally agreed due to rupee devaluation. The assessee treated th