ITO vs Sikandar Lal Jain
Validity of Notice-Notice in the name of dead person-The notice under s.148 issued in the name of a dead person was invalid. The consequent proceedings were to be quashed
S.2(7), 148 and 159 of the [LexDoc Id : 404600]
CIT vs Malerkotla Steels and Alloys (P) Ltd.
Business expenditure-Repairs and maintenance of furnace-The broad tests to see whether expenditure was of capital in nature or not may not hold good in all situations. The repairs to furnace damaged in fire [LexDoc Id : 399819]
CIT vs Modipon Ltd. (No. 1)
Prior period expenses-Year of deduction-The assessee followed the merchantile system of accounts. Some expenses were always booked in the year of settlement. The prior period expenses settle [LexDoc Id : 412327]
CIT vs Aicam Engg. (P) Ltd.
Manufacture Industrial undertaking-Erecting industrial equipment-Ay-1986-1987 to 1994-1995, 1995-1996. The assessee was manufacturing and erecting industrial equipment for public companies. It was an industrial unde [LexDoc Id : 401501]
HC (Chennai)
2010
CIT vs Ametak Auto Ltd.
Cash credits-Burden of proof-AY 1998-1999. Whenever, a cash credit is found in books of accounts, the burden is on the assessee to explain the source thereof. The procedure follow [LexDoc Id : 400099]
HC (Punjab and Haryana)
2010
Aggarwal Oil and General Mills Ltd. vs CIT
Penalty: Concealment of income-Concealment of particulars of income, Suppression of receipts-AY 1992-1993. There was finding that the assessee had concealed particulars of income and had suppressed sales of ‘bardana’. The penalty could be levi [LexDoc Id : 399816]
