Bhatsons Acquatic Products vs CIT
Manufacture or production of an article-Processing of fish-The assessee process of processing fish was not manufacture or production of an article. It was not entitled to deduction under s.80-IA.
S.80-IA [LexDoc Id : 400876]
HC (Kerala)
2009
M.A. Anto vs CIT
Undisclosed Income-Unaccounted investment/unaccounted income-AY 1997-1998. The unaccounted and unexplained investment and unaccounted income on which no advance-tax was paid could be added as undisclosed income. [LexDoc Id : 397706]
HC (Kerala)
2009
CIT vs Accelerated Freeze Drying Co. Ltd.
Interest on borrowed capital-Interest free loans to sister concern-AY 1997-1998. The assessee gave interest free loans to sister concern from the funds borrowed on interest. The interest payable/paid on borrowings cou [LexDoc Id : 392510]
Arvind Fashions Ltd. vs ACIT
Rule of consistency vs rule of resjudicata-Applicability of rule-Even if rule of resjudicata was not applicable to tax-proceedings the rule of consistency did, if the facts are substantially the same.
S.254(1) [LexDoc Id : 387841]
Awadhesh Builders vs ITO
Method of Accounts - Construction business-Option of assessee-AY 2005-2006. The assessee was a builder engaged in construction of residential projects. It had option to choose either percentage completion method [LexDoc Id : 385915]
ITAT (Mumbai)
2009
Surrel Enterprise (P) Ltd. vs ACIT
Penalty - Concealment of income-Provision made for bonus liability-AY 2002-2003 and 2003-2004. The assessee claimed deduction of provision made for bonus which was contrary to S.43B. it had paid bonus in next year. Th [LexDoc Id : 385914]
ITAT (Ahmedabad)
2009
Dhoot Developers (P) Ltd. vs CIT and Ors.
Transfer of a case-Communication of reasons for transfer vis-à-vis opportunity of being heard-The notice under s.127 stated reasons different from the reasons stated in order of transfer of case. The order of transfer made under s.127(2) was in [LexDoc Id : 385871]
Surender Kumar (Individual) vs ITO
Unexplained cash credit-Incapacity of lenders-AY 2004-05. The assessee had shown cash loans from agriculturist relatives. Those persons did not have the capacity to lend money exceeding Rs.2 lacs [LexDoc Id : 385303]
Rekha Saha vs CIT
Validity of revision by CIT-Opportunity of being heard-AY 2004-05. A copy of the report relied on by the CIT was not given to the assessee. The order under s.264 being in violation of natural justice was t [LexDoc Id : 381523]
CIT vs Lakshmi Vilas Bank
Rectification of mistake-Record-AY 1983-1984. The AO disallowed deduction of bad debts. The Tribunal had held that the principal amount and interest thereon was deductible as bad-deb [LexDoc Id : 380243]
