Kamleshbhai Dharamshibhai Patel vs CIT
Search Assessment of a person not searched-Documents recovered during search-A.Y. 2005-06.
During the search at 'S' group certain documents showing payments made and received by assessee were found. This justified initiati [LexDoc Id : 443798]
Davis Langdon and Seah Consulting India (P) Ltd. vs DCIT
Effect of documents found in survey-Effect on audited Books of Accounts-A.Y. 2008-09.
Only on basis of some document or information found in survey u/s 133A, the audited books of accounts could not be totally ignored. [LexDoc Id : 447413]
ITAT (Bangalore)
2012
Bearing Point Business Consulting (P) Ltd. vs DCIT
Business expenses-Prior period expenses-A.Y. 2007-08.
The prior period expenceses were a mix of short provision excess provision or no provision made and pertained to A.Y. 2006-07. Thes [LexDoc Id : 446521]
CIT vs Sundaram Finance Ltd.
Penalty: Concealment of income-Concealing real value to claim higher depreciation-A.Y. 1999-2000.
The assessee knowingly concealed the real value of the machinery to claim higher depreciation. During the course of enquiry proce [LexDoc Id : 445425]
Global Logic India (P) Ltd. vs DCIT
ALP - Software Development Service-Selecting comparable-A.Y. 2006-07.
The comparables having high ratio of related party transactions could not be selected for ALP purposes.
The net margin of asse [LexDoc Id : 443149]
Booz Allen and Hamilton India Ltd. and Co. Kg. vs ADIT
Accrual of income - FTS-Permission from RBI-A.Y. 1998-99.
The assessee a foreign firm had a branch office in India for rendering management and technical services. Certain amount was payab [LexDoc Id : 441369]
International Cars and Motors Ltd. vs ITO
Additional Depreciation Allowance-Conditions precedent-A.Y. 2006-07.
To claim additional depreciation both conditions of acquiring and installation of new machinery after 31.3.2005 were to be complied [LexDoc Id : 438234]
CIT vs Amit Jain
Penalty: Concealment of income-Head of income – Business Income v. Capital Gains-The mere treatment of income returned under another head was not concealment of income or furnishing of inaccurate particulars. The income relined as [LexDoc Id : 436397]