Kotak Mahindra Bank Ltd. vs Hermonite Associates Ltd. and Anr.
Winding up petition: Failure to serve notice on advocates of company-Failure not amounting to fraud-Failure to serve notice on the advocates of the respondent appearing before the DRT would not amount to fraud. It might have been advisable and pruden [LexDoc Id : 402932]
Arif Akhatar Hussain and Jaffar Akhatar Hussain vs ITO
Capital gains - transfer of immovable property-Transfer of: development rights-A.Y.2006-2007. The assessee agreed with the developer for development of his property for consideration of Rs.63 lakhs. The property was valued at Rs4 [LexDoc Id : 400704]
ITAT (Mumbai)
2010
CIT vs Adisankara Spinning Mills (P) Ltd.
TCS-Belated filing of F.No. 27-A.Y. 2007-2008. The F.No.27 obtained from buyer was filed only during appellate proceedings. It was a mere technical default which was liable to be co [LexDoc Id : 460109]
CIT vs Atma Prakash Batra
Business expenditure-Export- commission-The commission paid on export was allowed on appreciation of facts No question of law arose.
S. 37(1) of the Income Tax Act 1961
[LexDoc Id : 423897]
CIT vs Padmini Technologies Ltd.
Cash credits-Over invoicing - Information of Over invoicing Exports from Customs-A.Y. 1997-98.
The A.O. made addition to income on basis of information received from Customs of over invoicing export by the assessee. The Settle [LexDoc Id : 410271]
CIT vs Best Wood Industries and Saw Mills
Scope of: Re-asstt.-Other items of income-AY 2001-2002, 2002-2003. If the assessment has been validly re-opened and during the course of re-asstt proceedings the AO notices other items of esca [LexDoc Id : 404772]
HC (Kerala)
2010
Midas Polymer Compounds (P) Ltd. vs ACIT
Income derived from industrial undertaking-Interest received on: Delayed payment by customers-In case the interest on delayed payment from customers was assessed as business income it was entitled to deduction under s.80-IB.
[Case remanded [LexDoc Id : 404771]
HC (Kerala)
2010
Midas Polymer Compounds (P) Ltd. vs ACIT
Income derived from industrial unit-Interest received on delayed payments-The interest received on delayed payments for job work done was entitled under s.80-IB. if assessed as business income.
[The case remanded to AO] [LexDoc Id : 403528]
HC (Kerala)
2010
Jeypore Sugar Co. Ltd. vs ACIT
Depreciation on: Intangible assets-Goodwill, Bifurcation of Goodwill, Commercial right vis-à-vis- Commercial Benefit-AY 2005-2006 and 2006-2007. The goodwill is a bundle of commercial benefits and commercial rights. The assessee purchased a distillery unit of State G [LexDoc Id : 402660]