Judgements and Orders, Supreme Court and High courts of India

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)

Posted in Income Tax | 1045 Views

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

Posted in Income Tax | 1255 Views

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).

Posted in Income Tax | 1236 Views

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

Posted in Income Tax | 1736 Views

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

Posted in Income Tax | 2930 Views

Busy, fails to file IT Returns-Unavoidable Circumstances

Sourabh Sharma 11 June 2009 at 13:50

Posted in Income Tax | 2095 Views

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

Posted in Income Tax | 2565 Views