Chemet vs Addl. CIT
Capital Receipts-Non-compete fee-While terminating agency of D Ltd. the assessee also entered into a non-compete covenant with D Ltd. The 25 per cent of compensation attributable [LexDoc Id : 357595]
ITAT (Mumbai)
2008
CIT vs Sesa Goa Ltd.
Business expenditure-Customary bonus-AY 1985-86. The customary bonus paid in excess of the bonus payable under the payment of Bonus Act was allowable as business expenditure.
S.3 [LexDoc Id : 356846]
HC (Bombay)
2008
Jyoti Chemicals vs DCIT
Condonation of delay-Inordinate delay-AY 1986-87 to 1992-93. The appeals to the Tribunal were filed after inordinate delay of over seven years. There was no reasonable cause for the delay. [LexDoc Id : 356640]
CIT vs Indian Toners and Developers Ltd.
Business expenditure-Enhancement in liability due to exchange rate-AY 2001-2002. The enhancement in liability to pay interest on External Commercial Borrowings [ECB], due to change in rate of Exchange was deductible a [LexDoc Id : 397759]
HC (Delhi)
2008
CIT vs Venad Conductors (P) Ltd.
Head of Income-Interest on deposits-The interest on short-term deposits was assessable under s.56 and not under s.28.
S.28 and s.56 of the Income Tax Act 1961 [LexDoc Id : 396516]
HC (Kerala)
2008
CGT vs Om Parkash Munjal
Revocable gift-Revocable gift and bonus shares-A revocable gift was not void for levy of gift-tax. The bonus shares issued after revocation of the gift continued to remain the property of the donee [LexDoc Id : 394582]
CIT vs Santhi Chitties (P) Ltd.
Appeal to High court-Court fee payable-AY 2000-01. The court fee payable in case of appeal to high court in a case under Income Tax Act 1961, or under Interest Tax Act was Rs.500.
[LexDoc Id : 372988]
HC (Kerala)
2008
CIT vs Mohan's Enterprises
Head of Income-Income from property vs Business income-The assessee had let out its house property. It received separate charge from tenants for certain services provided and for use of lift. In absence of [LexDoc Id : 370717]
HC (Kerala)
2008
CIT vs Venad Conductors (P) Ltd.
Income from other sources-Interest on short term deposits-The interest earned on short term deposits was assessable as income from 'other sources' and not as business income.
S.28 and s.56 of the Inc [LexDoc Id : 365158]
HC (Kerala)
2008
A.B. Hotels Ltd. vs CIT
Rectification of mistake-Rectification vis-a-vis making explicit what was implicit in original order-AY 1994-95 to 2000-01. In order under s.254(1) the Tribunal remitted the case to the AO for passing fresh orders under s.201 with the observation that [LexDoc Id : 360436]
HC (Delhi)
2008
JSRS Udyog Ltd. vs ITO
Validity of re-assessment-Non-failure to disclose material facts-AY 2001-02. In original assessment the AO had accepted the receipt of share application money on the basis of affidavits and documentary evidence file [LexDoc Id : 354291]
