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Banking - Judgement
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Documents Found: 2802   
Title Forum  Year
CIT vs Tamilnadu Industrial Development Corpn. Ltd. Business expenditure-Write-off of: Pre-project expenses-AY 1994-95 and AY 1999-2000. The assessee’s main object was to promote industrial development in the state through partnership with private enterprise [LexDoc Id : 335399]
HC (Chennai) 2007
CIT vs Jagish Ram Krishan Chand Scope of: Revised return-Claiming deductions omitted in original return-AY 1979-80 and AY 1980-81. The assessee omitted to claim the benefit of deduction under s.80HH and under s.80J in the original return. The said benefi [LexDoc Id : 333402]
HC (Himachal Pradesh) 2007
CIT vs Mahavir Alluminium Ltd. Valuation of closing stock-Consequent change in value of opening stock of the same year-AY 1999-2000. While valuing the closing stock as on 31 March 1999, the assessee made adjustment in value of closing stock by charging the modvat credi [LexDoc Id : 332669]
HC (Delhi) 2007
CIT vs Mahavir Aluminium Ltd. Valuation of: closing stock-Modvat credit-Corresponding adjustment in the opening stock of the year-AY 1999-2000. While valuing the closing stock as on 31 March 1999 the assessee had charged Modvat credit on certain inputs. It was right in making cor [LexDoc Id : 331960]
HC (Delhi) 2007
CIT vs Dharmendra Sharma Deduction on actual payment-Payments towards PF and ESI-AY 2001-02. The payments towards PF and ESI were made before the filing return but after a few days of the grace period. The Tribunal was right in del [LexDoc Id : 331335]
HC (Delhi) 2007
CIT vs Mahavir Aluminimum Ltd. [LexDoc Id : 330855]
HC (Delhi) 2007
CIT and Ors vs Md. Rizwan Block-assessment vs Regular Assessment-No merger to regular assessment with block-assessment-Block-period: 1 April 1996 to 29 October 2002. AY 1998-99. A regular assessment under s.143(3) was made for AY 1998-99. A search was conducted under s [LexDoc Id : 372993]
HC (Patna) 2007
CIT vs Roopchand Nawal Chand Gandhi Unexplained investment-Year of assessment-AY 1987-88 and AY 1988-89. The assessee's previous year was Dipawali year, i.e. 3 November 1986 to Dipawali of 1987. The transaction in question relat [LexDoc Id : 340596]
HC (Rajasthan) 2007
CIT vs Bilahari Enterprises (P) Ltd. Business loss: Year of accrual-Discount on chit amount-AY 2001-02. The assessee company was in the business of subscribing to chit funds. The discount loss on the chits was allowable fully in the year it o [LexDoc Id : 336985]
HC (Chennai) 2007
CIT vs Acrow India Ltd. Valuation of Stock-Onus to prove valuation-AY 1991-92. The valuation of closing stock as declared by the assessee was rejected on the ground that valuation given to the bank were higher. The Tr [LexDoc Id : 336098]
HC (Bombay) 2007
Mukand Global Finance Ltd. vs DCIT Computation of: book profits-Provision for non-performing assets-The assessee was a NBFC. The provisions made for non-performing assets was not a provision for liability. It was a provision for diminution of assets. [LexDoc Id : 334687]
ITAT (Mumbai) 2007
CIT vs H.P. Agro Industries Actual cost-Capital subsidy received-The subsidy granted by the government was not deductible from the actual cost for computing the depreciation allowance.

S.32 and s.43(1) of I [LexDoc Id : 332962]
HC (Himachal Pradesh) 2007
P. Srinivas Naik vs ACIT Validity of proceeding under s.153C-No books etc. belonging to assessee was found-During the search at premises of another person, no books or documents or valuables belonging to the assessee were found. Therefore, no action agains [LexDoc Id : 332135]
ITAT (Bangalore) 2007
I Gate Global Solutions Ltd. vs ACIT Computation of total turnover-Uplinking charges-The amount of uplinking charges reduced from the export turnover were to be reduced from total turnover.

S.10A of the Income Tax Act 1961 [LexDoc Id : 331823]
ITAT (Bangalore) 2007
ITO vs Data Software Research Co. (P) Ltd. [LexDoc Id : 331219]
ITAT (Chennai) 2007
CIT vs Bilahari Enterprises (P) Ltd. [LexDoc Id : 330851]
HC (Chennai) 2007
U.P. Forest Corpn. vs DCIT Exemption from tax: Charitable trust-Appeal against registration pending-AY 1977-78, AY 1980-81 and AY 1984-85. The CIT had rejected the assessee's application for registration under s.12A. The appeal against CIT's order wa [LexDoc Id : 330801]
SC 2007
Chief CIT and Ors. vs Susheela Prasad and Ors. Maintainability of writ-Asking government to make an employee permanent-The respondents were appointed by the Income Tax department as Data Entry Operators on contract basis subject to maximum payment of Rs.50 per day. In [LexDoc Id : 329584]
SC 2007
G.K. Choksi and Co. vs CIT Initial Depreciation-Business versus profession-AY 1984-85. The initial depreciation under s.32(1)(iv) as if then stood was allowable to an assessee carrying on business. It was not allowable in cas [LexDoc Id : 329554]
SC 2007
Bharti Airtel Ltd. and Bharti Infratel Ltd., In re [LexDoc Id : 410550]
HC (Delhi) 2007
Anand Mohan Singh vs State of Bihar and Ors. [LexDoc Id : 346062]
HC (Patna) 2007
ACIT vs Shree Sajjan Mills Ltd. Business expenditure-Commission paid to brokers for sales-AY 1993-94. The assessee had produced the details of sales on which the commission or brokerage was paid. The copies of agreements with the brokers we [LexDoc Id : 342380]
ITAT (Indore) 2007
Citi Bank N.A. vs Anil Bhat and Ors. [LexDoc Id : 338313]
DRAT (Bombay) 2007
Pala Marketing Co-op. Society Ltd. vs UOI Condonation of delay-Belated return for refund of tax-AY 1997-98. In case of belated return for refund the CBDT must condone the delay if failure to condone delay caused genuine hardship to the assessee, [LexDoc Id : 335315]
HC (Kerala) 2007
Asgar Jan vs CIT Computation of: capital gains-Commission or brokerage paid-AY 1991-92. For effecting sale of his property the assessee paid certain amount as commission or brokerage to 'B'. The payment was shown and assessed [LexDoc Id : 334835]
HC (Karnataka) 2007
 
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