Judgements and Orders, Supreme Court and High courts of India

A search and seizure operation u/s 132 of the Income-tax Act, 1961 was carried out on 31.07.2008. Assessee filed returns pursuant to notice u/s 153A for the year under consideration declaring long term capital loss of ` 5,87,272/- on sale of flat. As

Assessee company engaged in the business of developing, buildingandimplementing hydroelectric projects on built, own and operate basis declared Nil income for the previous year ended on 31.03.2007.During the course of scrutiny proceedings the AO disa

The Respondent is an investment company in which individual members of the Bilakhia family held equal interest. The family members executed a deed of family arrangement with an objective to consolidate and equalize values of the assets held by each o

The following questions of law have been raised by the Revenue in the appeal.(i) Whether the ITAT erred in law in interpreting the language and provisions of Section 271(1)(c) which only talks of initiation of penalty in “course of any proceedings” a

The assessee is a trustee in three different trusts. CIT(A) held that the trusts were not valid trusts since they did not come into existence in accordance with Section 6 of Indian Trusts Act” and its income should be taxed in hands of all the truste

Petitioner was a civil contractor deriving by executing civil contracts in various Government Departments. For the AY 2010-11, the petitioner received certain payments from the Government Departments and a total sum of Rs.3,14,766/- was deducted as T

Section 80 HHC has been enacted in the Income Tax Act, 1961 to encourage exports for the purpose of earning foreign exchange. The exporter gets certain deduction from the income, which is derived from the profits from export of goods, while computing

The petitioners M/S Nakshatra Steel Sales & Services Ltd. And M/S Leo Ispat Ltd.supplied various iron and steel products tothe respondent companyM/S Radlay Metal Products Pvt. Ltd as per agreed specifications andraised bills for the materials supplie

The assesse who was engaged in the business of dealing in the auto spare pails andinvestment in bonds, mutual funds and other securities had claimed Rs. 31,13,006.51/- as LTCG and Rs. 26,82,115.35/- as STCG. The LTCG claim was permissible by AO but S

The petitioner - Linde had formed a consortium with Samsung through MOU for jointly submitting a bid to secure a tender floated by OPAL to execute a project on turnkey basis. The proposal was accepted by OPAL. The consortium entered into an agreement