CIT vs Dewan Chand Satyapal
Manufacture or production of an article or a thing-Diagnostic Center/Radiological Clinic-A.Y. 1995-96 to 1999-2000.
The assessee was running an advanced radiological clinic/diagnostic center providing services like X-Ray, MRI, CT Scan [LexDoc Id : 435728]
HC (Delhi)
2012
Suzuki Motorcycle India (P) Ltd. vs CIT
Validity of closing - stock (Inventory)-Cost or net realizable value-A.Y. 2007-08.
The assessee had followed the method of cost or Net realizable value to value inventory. The assessee had written off 8.5% which wa [LexDoc Id : 435622]
HC (Delhi)
2012
CIT vs N.R. Portfolio (P) Ltd.
Unexplained: Cash Credits – Duty of assessee-Share-application money-A.Y. 2004-05.
In any case u/s 68, it was assessee's duty to establish that the amounts credited in books are properly sourced. This duty is not d [LexDoc Id : 435566]
CIT vs Syed Ali Adil
Exemption: Capital gains-Purchase of a residential house vis-à-vis purchase of 2 adjacent flats-After sale of his residential house the assessee purchased two adjacent flats with a common meeting point. He was entitled to exemption u/s 54.
S [LexDoc Id : 443034]
Cairn Energy India (P) Ltd. vs DIT
Erroneous order of-Non–application of mind by A.O.-A.Y. 2004-05.
The A.O. allowed assessee's claim of deduction u/s 80-IB(9) without looking into relevant provisions of S. 80-IA(5) r.w.s. 80-IB(13 [LexDoc Id : 437795]
ITAT (Chennai)
2012
CIT vs Abhishek Industries Ltd.
Validity of: Revision by CIT-Erroneous order of A.O. - Order contrary to decision of Special Bench of Tribunal-A.Y. 2004-05.
The deduction u/s 800HHC and u/s 80-IA was wrongly computed by A.O. in view of the Special Bench judgment of the Tribunal as also n [LexDoc Id : 435727]
HC (Punjab and Haryana)
2012
Ashwani Oberoi and Punjab Advertising Co. vs CIT and Anr.
Cash Credit-Unexplained entry in capital account-A.Y. 2002-2003.
The assessee did not explain the source of entry in his capital account. The A.O. could infer that undisclosed income was routed [LexDoc Id : 435616]
Nosegay Public School Management Committee vs CIT
Deemed Registration-Not passing order within 6 months of receipt of application-The application u/s 12A was disposed after 6 months from the end of the month in which application was filed. The registration was deemed to have been [LexDoc Id : 441298]
