CIT vs Shriram Pistons and Rings Ltd.
Total turnover-Interest on FRD's etc.-AY 1998-1999. The interest on FDR's and security deposits was to be included in total turnover for computing the deduction under s.80HHC.
S.80HHC [LexDoc Id : 392694]
HC (Delhi)
2009
Nimitya Properties Ltd. and Nimitya Promoters Ltd. vs CIT and Ors.
Provisional attachment-Pending proceedings-Search assessment pending-A search under s.132 had taken place. The proceeding that were necessarily to commence could be taken as "proceedings" and as "pending proceedings" af [LexDoc Id : 388015]
HC (Delhi)
2009
Intimate Fashions India (P) Ltd. vs JCIT and Anr.
Writ and alternate remedy-Determining Arms Length Price-AY 2006-2007. A writ against order of the TDO under s.92CA was filed on the ground that no opportunity of hearing was granted. Since the petitioner ha [LexDoc Id : 387744]
HC (Chennai)
2009
Rahulijee and Co. (P) Ltd. vs ITAT and Ors.
Maintainability of writ-Writ against Tribunal’s order-Ay-1988-1989. The proper remedy against Tribunal’s order under s.254 was an appeal under s.260A. A writ was not maintainable. Requirements of [LexDoc Id : 387545]
CIT vs Jindal Equipments Leasing and Consultancy Services Ltd.
Benefit arising from conduct of business-Loan written off by creditor-AY 2003-2004. The loan taken by the assessee was partially written off by its creditor. The amount written off was not income or perk under s.28(iv). [LexDoc Id : 383630]
HC (Delhi)
2009
CIT vs Jackson Engineers Ltd.
Income derived from industrial undertaking-Forfeiture of advance received from customers-The advances received from customers and forfeited by the assessee was its trading receipts. It was not income derived from industrial unit. The amoun [LexDoc Id : 383629]
Sidwal Refrigeration Ind. Ltd. vs DCIT
Initial asst. Year-Trial production v. Commercial Production-AY 2003-2004. The initial year for grant of special deduction under s.80-IA would be the year in which the commercial production started and not the y [LexDoc Id : 381520]
Ekta Agro Industries Ltd. vs ITO
Deduction on : actual payment-Contribution to P. F & E. S. I-A.Y.2002-2003. The payments of contribution of ESI and PF made after close of F. Y. but before due date under s.139(1) could not be disallowed
S. [LexDoc Id : 381518]
Urmila Gambhir vs CIT
Salary-Perks and TDS-Club Membership fees, Allowance for: Soft furnishings-The assessee's case was that it took corporate membership for its business purpose. The AO to redecide allow ability of the amount after considering t [LexDoc Id : 380949]
HC (Delhi)
2009
CIT vs V. Ramakrishna and Sons Ltd.
Bad-debt-Money lending business-Irrecoverable debt from subsidiary-AY 1989-1990. The assessee was in money-lending. The interest on money advanced to subsidiary was taxed as business income. The irrecoverable advance [LexDoc Id : 380244]
Eveready Industries India Ltd. vs CIT and Anr.
Interest as business income- Tea company-Interest on short-term deposits-The assessee was growing and selling tea. The interest earned on short-term deposits of surplus funds was its business income, being incidental to its [LexDoc Id : 390616]
HC (Calcutta)
2009
G.V. Corpn. vs ITO
Status of assessee-AOP v. Firm-Absence of partnership deed-In absence of partnership deed, the AO correctly took the status as on AOP.
S.2(31), s.184 and s.263 of the Income Tax Act 1961 [LexDoc Id : 390412]
