Bharatha Swamukti Samsthe vs DIT
Charitable Purpose-Renewal of Recognition-On above stated facts the assessee was entitled to renewal of registration under s.80G.
S.80G(5) of the Income Tax Act 1961 [LexDoc Id : 380501]
ITAT (Bangalore)
2008
Mahesh Berry vs ACIT
Powers of Tribunal-Rehearing of appeal-AY 1999-2000. While the Tribunal has power to rectify an apparent mistake in its order, it has no power to rehear an appeal.
S.254(2) of the [LexDoc Id : 375492]
ITAT (Calcutta)
2008
ITO vs Sidhivinayak Dyeing and Printing Mills (P) Ltd.
Addition to Income-Lump sum addition on alleged agreed basis-AY 2005-06. The assessee did not maintain daily stock register and there was decline in Gross Profit rate. The AO made a lump sum addition allegedly o [LexDoc Id : 366025]
ITAT (Ahmedabad)
2008
Metmin Investment and Trading (P) Ltd. vs ITO
Computation of book-profits-Unabsorbed loss and unabsorbed depreciation-Since there was no unabsorbed depreciation, the unabsorbed loss could not be deducted from book-profits.
S. 115JA(r), Explanation (iii) of [LexDoc Id : 360292]
ITAT (Mumbai)
2008
HLS Asia Ltd. vs DCIT
Manufacture of an article or a thing-Data processing-AY 2002-03. The assessee was processing data mainly to find for its clients whether there was any oil or gas in the oil-well and assist in converting [LexDoc Id : 356882]
CIT vs Haryana Urban Development Authority
Head of Income-Rent received by developer of towns-Ay-2003-2004. The assessee was a local authority. It was engaged in development and improvement of cities. It’s main business was not renting of prope [LexDoc Id : 387688]
HC (Punjab and Haryana)
2008
Bhajan Das and Bros. vs ACIT
Undisclosed Income-Deficiency of stock-Block Period: 1 April 1996 to 22 February 2003. The assessee was in the business of purchase and sale of jewellery. During search, the stock of jewell [LexDoc Id : 367321]
ITAT (Agra)
2008
CIT vs Harbans Lal Sarna
Appeal to High court-Genuineness of transaction/sale, Unexplained money-AY 1998-99. The assessee claimed that the money with him was out of sale proceeds of jewellery. The Tribunal found the sale of jewellery as genuine an [LexDoc Id : 367166]
HC (Punjab and Haryana)
2008
Addl. CIT vs Ratan Cold Storage
Addition to Income-Sale price of goods-AY 2001-02. The sale price of goods could be determined on the basis of prevailing market conditions.
S.143(3) and s.145 of the Income Tax Ac [LexDoc Id : 366890]
Chandra R. Gandhi vs ITO
Validity of: Re-assessment-Non-issue of notice under s.143(2)-The re-assessment under s.147 read with s.143(3) was made without issuing a notice under s.143(2). The re-assessment was invalid. The provisions of s. [LexDoc Id : 357681]
Pacific Internet India (P) Ltd. vs ITO
TDS: Payment for technical services-Payment for bandwidth-AY 2003-04 to AY 2005-06. The assessee was providing Internet access services to its clients. The payment made to MTNL and VSNL for availing bandwidth [LexDoc Id : 357597]
CIT vs Adar Tea Products Co.
Interpretation-Being-The word being used in the Appendix-I meant the equipment mentioned in the relevant entry of the Appendix. [LexDoc Id : 355219]
HC (Chennai)
2008
Veena Theater vs CIT and Anr.
Penalty: Failure to issue TDS certificate-Absence of reasonable cause-There was no reasonable cause for not issuing TDS certificate in time. The penalty was validity levied
Ss.272A(2)(g) and 273B of the Income Tax [LexDoc Id : 387701]
General Optics (Asia) Ltd. vs DCIT
Double deduction: Law applicable-Income from industrial undertaking and exports-AY 1998-99. The assessee had two divisions. It maintained separate accounts. The deduction under s.80HHC could not be reduced by the deduction und [LexDoc Id : 371268]
HC (Chennai)
2008
CWT vs Begum Munawar-ul-Nisha
Exemption: Wealth tax-Palace in occupation of legal heir of Ruler-AY 1994-95. The exemption under s.5(iii) was not available in case of Official Ruler's palace if occupied by Ruler's legal heir and not by him.
