C. Mohanan vs DCIT
Penalty: Concealment of income-Condition for immunity - Return v. nil-return-Block period: 1997-98 to 03-04.
The requirement of various clauses of proviso of S. 158BFA(2) are cumulative Cl. (iv) of the proviso provides tha [LexDoc Id : 440241]
DIT vs OHM Ltd.
FTS v. Income from prospecting etc of mineral oil-Processing and interpreting data of off-shore blocks-The assessee was a Co. of U.K. It was processing and interpreting the procured date in regard to off-share exploration blocks in India. The services d [LexDoc Id : 437900]
Moser Baer India Ltd. vs DCIT and Ors.
Validity of: Re-asstt.-Absence of: Tangible Material-A.Y. 2004-05.
The assessee had 3 units eligible for deduction u/s 10A/10B. He had claimed deduction for only 2 units. There was loss in the 3rd u [LexDoc Id : 435170]
Dharam Narain vs ITO
Quashing of notice-Section 143(2) of the Income Tax Act, 1961. Barred by limitation-Whether, the notice issued under section 143(2) of Act can be quashed as barred by limitation. Held, proviso to Section 143(2)(ii) of the Act specific [LexDoc Id : 529672]
SITEL India (P) Ltd. vs ACIT
Total turnover-Items excluded from export turnover-The items excluded from export–turnover should be excluded from total turnover for computing profits u/s 10A.
S. 10A of the Income Tax Act, 1961 [LexDoc Id : 441515]
ITAT (Mumbai)
2012
Medusind Solutions India (P) Ltd. vs ACIT
Income derived from Unit in FTZ-Interest on FDR pledged as margin money as business income-The assessee was entitled to deduction u/s 10A on interest from FDR pledged as margin money as business income.
The income from interest from NS [LexDoc Id : 441463]
ITAT (Mumbai)
2012
Urudavan Investment and Trading (P) Ltd. vs Addl. CIT
Accrual of income - F and O contracts-Notional gains from derivatives held as stock-A.Y. 2008-09.
The notional gains from Future and Options (derivatives) contracts where derivates were held as stock were assessable in the year o [LexDoc Id : 441366]
