Rollatainers Ltd. vs DCIT
Validity of: Re-assessment-No failure to disclose material particulars-A.Y. 2003-04.
There was no failure of the assessee to disclose material facts in original assessment on the issue on which notice u/s 148 was iss [LexDoc Id : 436336]
Finolex Industries Ltd. and Anr. vs RBI and Ors.
Master Circular on Wilful Defaulters dated 01 July 2008: Purpose of Circular to cover wilful defaults of dues by a borrower to bank and also by a client of bank under other banking transactions-Interpretation of definition of ‘wilful default’ in Circular, RBI empowered to call for information relating to defaulting party-The purpose of the Master Circular on Wilful Defaulters dated 01 July 2008, being to caution banks and financial institutions from giving any further [LexDoc Id : 434885]
James Kutty P.C. and Anr. vs Tread Stone Ltd. and Ors.
Monopolies and Restrictive Trade Practices Act 1969-Powers vested in MRTP Commission under s.12B independent of its powers under s.10 and s.36B-The powers vested in the Monopolies and Restrictive Trade Practices Commission under s.12B(3) of the Monopolies and Restrictive Trade Practices Act 19 [LexDoc Id : 434883]
SC
2012
ITO vs Keval Construction
Income 'derived from' housing project-Special deduction vis-à-vis - Disallowance u/s 40(a)(ia)-The amount disallowed u/s 40(a)(ia) would be entitled for special deduction u/s 80-IB.
S. 80-IB(10) of the Income Tax Act, 1961. [LexDoc Id : 445309]
CIT vs Metallurgical Engg. Consultants India Ltd.
Duty of Tribunal-Passing a speaking order-The Tribunal reversed the order of CIT(A) without giving reason as to where the CIT(A) had gone wrong. It was not a speaking order.
Case remanded [LexDoc Id : 437672]
CIT and Anr. vs Great City Mfg. Co.
Remuneration to partners as per S. 40(b)-Reasonableness of Remuneration-A.Y. 2005-2006.
The salary to partners were paid as per statutory provision u/s 40(b)(v). No part of it could he disallowed u/s 40A(2) on ground [LexDoc Id : 435558]
HC (Allahabad)
2012
CIT vs Kutchi Dasa Oswal Moto Pariwar Ambama Trust
Registration of charitable trust-Activities not commenced-The registration under s.12AA cannot be denied on the only ground that no activities had commenced.
ATS Infrastructure Ltd. vs ACIT and Ors.
Limitation for Fresh-assessment-Fresh asstt on Court's order-The High Court had given the liberty to the A.O. to pass a fresh order. The fresh order could not be challenged on ground of limitation.
S. 153(3 [LexDoc Id : 438654]
