CIT vs Vijayawada Bottling Co. Ltd. and Sarvaraya Sugars Ltd.
Power of Tribunal-Admission of additional evidence-The Tribunal has discretion to admit additional evidence. The objection to such admission must be taken before the Tribunal and not before High Court. [LexDoc Id : 449608]
HC (Andhra Pradesh)
2012
Gouli Mahadevappa vs ITO and CIT
Levy of interest u/s 234B, 234C-Higher capital gains assessed-A.Y. 2005-06.
The capital gains were assessed at higher figure by applying S.50C.
The interest u/s 234B and 234C being mandatory, could be c [LexDoc Id : 446133]
CIT vs Rassi Cements Ltd. and Deccan Cements Ltd.
Income-Power-Subsidy-A.Y. 1983-1984, 1988-1989, 1990-1991.
The power subsidy received from the State Government was business income.
Ss. 4 of the Inocme Tax Act, [LexDoc Id : 441360]
J.K. Tyre and Industries Ltd. vs CIT
Deduction of expenditure on scientific research-Deduction pending approval by prescribed authority-A.Y. 2005-06. The assessee had donated certain sum to an institution whose project for scientific research was pending approval. The assessee claimed [LexDoc Id : 425307]
Jay Industries vs ITO
Excessive expenditure-Comparison with fair market value-The assessee paid certain amount to it’s sister concern as job-work charge. The A.O. did not point out that payment was excessive when compared with f [LexDoc Id : 424993]
