Aditya Chemicals Ltd. vs CIT
Orders of Tribunal-Later development not brought to tribunals notice-AY 1997-98. The Tribunal had passed an order under s.254(1) on 14 September 2007 that out come of any further appeal in the matter was not available. [LexDoc Id : 357145]
HC (Delhi)
2008
ITO vs Jeth Mal Baheti
Capital gains-Date of purchase of assets sold- AY 1997-98. The assessee had purchased the land in and had taken possession in 1971. The registration was made in 1990. The assessee had become owner [LexDoc Id : 356374]
ITAT (Jodhpur)
2008
CIT vs Lakhani India Ltd.
Penalty: Concealment of income-Wrong calculation of deduction-Difference of Opinion-AY 2000-2001. The assessee took the whole profits from its export unit as eligible deduction in place taking proportionate amount, i.e. ratio of expor [LexDoc Id : 355305]
Bhav Shakti Steel Mines (P) Ltd. vs CIT
Validity of remand by Tribunal-No infirmity in CIT(A)s order-When CIT(A) had taken all facts into consideration. The Tribunal was not justified in remanding case to AO.
S.68 and s.254(1) of the Income [LexDoc Id : 354072]
Swami Premananda @ Premkumar vs CIT and Premananda Trust
Income from Vocation-Gifts from devotees-The assessee was conducting discourses for teaching “Vedanta”. The gifts received from devotees were credited to his bank account. The credits in bank [LexDoc Id : 353321]
CIT vs Plastika Enterprises
Limitation for block assessment-Last Panchanama executed, Panchanama not showing any seizure-On search conducted on 5 August 2000 a panchanama was drawn showing seizure of stock valued at Rs. 1.61 crores. Another panchanama was drawn on 20 Sep [LexDoc Id : 365154]
CIT vs H.E.G. Ltd.
Interest on refund of tax-Interest on interest-AY 1991-92 to 1995-96. The assessee claimed interest on refund and since it was not granted, it claimed interest on interest. It was entitled to inter [LexDoc Id : 362497]
HC (Madhya Pradesh)
2008
Power Finance Corpn. Ltd. vs ACIT
Interest payable on refund of tax-Period of delay attributed to assessee, Duty of AO-AY 2001-02 and AY 2002-03. The AO had declined interest on refund by alleging that delay was attributable to assessee. The assessee claimed there was [LexDoc Id : 360448]
CIT vs Haryana C.M. Relief Fund
Income of charitable trust-Interest on deposits-AY 2004-05. The assessee was registered under s.12(A) of the Act. The interest received on bank deposits was exempt from tax.
ACIT vs Khoday India Ltd.
Amortisation of preliminary expenses-Preliminary expenses vs capital expenses-During the year the assessee was in the process of setting up its call centre of its own in its own premises. Earlier, it carried out its call centre [LexDoc Id : 373124]
ITAT (Bangalore)
2008
Srivatsan Surveyors (P) Ltd. vs ITO
Depreciation allowance: intangible asset-Non-compete covenant-AY 2002-03. No depreciation was allowable on the non-compete fee paid under a non-compete covenant. Such a covenant was not an intangible asset. LexDoc Id : 371436]
