CIT vs Tasneem Z. Madraswala
Powers of CIT on: Revision-Scope of powers-AY 2004-2005. While setting aside the asstt. order under s.263, the CIT had no power to direct the A.O. as to complete fresh asstt. in a particular me [LexDoc Id : 379274]
Asiavision Home Entertainment (P) Ltd. vs ACIT
Royalty vs Sale of goods-Sale or distribution of films' DVDs and VCDs-AY 2003-2004. The assessee made payment to a US company for sale and distribution of films, DVDs etc., in which the US company had copyrights. The pay [LexDoc Id : 378973]
Ganesh Foundry and Casting Ltd. vs ITAT and Anr.
Undisclosed Income-Payments in cash-Fraudulent payment-Block Period 1 April 1991 to 7 February 1996. The two payments made were in violation of S.40A(3) and were acts of fraud. This was found in evidence f [LexDoc Id : 399120]
HC (Patna)
2009
CIT vs Kumbazha Tourist Home (Dissolved)
Capital Gains-Dissolution of firm-Transfer of capital assets to partner-AY 1993-1994. The partners of the assessee firm had contributed land and building as their capital contribution. The depreciation thereon was allowed [LexDoc Id : 390930]
HC (Kerala)
2009
Electrobug Technologies Ltd. vs ACIT
Arms Length Price - ALP-Difference not more than 5%-The difference between the ALP determined by the A.O. and shown by the assessee was not more than 5%. No further adjustment was needed.
S.92C of [LexDoc Id : 388120]
