Jai Hind Co-op. Housing Society Ltd. vs ITO
Income of Co-op. Housing Society-Premium received from members for: Availing addl. FSI-The premium received from members for availing FSI was exempt on ground of mutuality.
CIT vs Anugraha Builders
Interest on borrowed capital-Withdrawals by partners-AY 1998-99.
The assessee firm had borrowed funds on interest. It allowed its partners to make interest free withdrawals. It was claimed that withdra [LexDoc Id : 374269]
CGT vs Om Parkash Munjal
Valuation of gift-Valuation of shares gifted under revocable gift-The assessee gifted certain equity shares under a revocable gift. The gift was revoked after 74 months but bonus shares received by the donee in the m [LexDoc Id : 368554]
Reckitt Benckiser India Ltd. vs Commissioner, Commercial Taxes and Ors.
Disinfectant not a medicament: Product generally used to maintain hygiene-Item falling under residuary entry of Notification-A medicament was an item used for therapeutic or prophylactic treatment that was in the course of prevention and cure of diseases. The appellant had n [LexDoc Id : 364997]
Coca Cola India Inc. vs ACIT
Computation of Arms length price-Opportunity of being heard before reference to TPO-Before making a reference to the TPO, the AO need not grant an opportunity of being heard.
S.92CA of the Income Tax Act 1961 [LexDoc Id : 353786]
HC (Punjab and Haryana)
2008
CIT vs Sain Processing and Weaving Mills (P) Ltd.
Minimum Alternate Tax - Assessment-Computation of: book-profits, Current years depreciate-AY 1990-91. The assessee had not charged the current depreciation to its profit and loss account and had disclosed the fact in the notes annexed to th [LexDoc Id : 353780]
CIT vs J.K. Synthetics Ltd.
Business expenditure-Use of know-how-The assessee entered into an agreement with an Italian Company and a German company for providing it licence to access know how including training of [LexDoc Id : 353387]
Virindra Kumar Raina, In re
Special treatment of NRIs Rate of tax-Treatment after becoming resident, Interest from NROR Account-The applicant had opened various Non-Resident Ordinary Rupee Account (NROR) with SBI and other nationalised banks. He now intended to return to India [LexDoc Id : 352688]
AAR
2008
Anil Sachar and Anr. vs Shree Nath Spinners (P) Ltd. and Ors.
Dishonour of cheque: Prosecution under s.138-Cheque issued by non-party to contract rendering the person issuing it liable to prosecution if the cheque issued for discharge of any debt or other liability bounced-A cheque issued by even a non-party to a contract would render the person issuing it liable to prosecution under s.138 of the Negotiable Instruments A [LexDoc Id : 416346]
Tamil Nadu Industrial Investment Corpn. Ltd. vs DCIT
Bad debts-Deductions on basis of evidence of write off-The assessee claim deduction in respect of certain bad-debts on after writing off. the assessee's claim in respect of certain loans was disallowed on [LexDoc Id : 372997]
HC (Chennai)
2008
CIT vs Shree P. Subramoniam Religious Trust
Denial of exemption to charitable trust-Siphoning of funds of trust-AY 1993-94 and 1994-95. The assessee was registered under s.12A as a charitable trust. It made an advance to a trade for purchase of cement for constr [LexDoc Id : 362950]
