All India Management Association vs Director General of Income Tax and Ors.
Education - Educational Institution-Education vis Aptitude tests, selection test etc., Cancellation of Registration-A.Y. 2005-2006 to 2008-2009. The assessee was registered under Societies act, 1860 Since 1960. It was granted exemption under s.10(22) and under s.10( [LexDoc Id : 460305]
CIT and Anr. vs Canara Bank
Business Expenditure – Protecting good will-Repurchase of units of Mutual Fund-A.Y. 1998-1999 to 2000-2001. The assessee bank repurchased Units of its Mutual Fund from its customs at Rs. 23 as against face value of Rs. 10 as a ge [LexDoc Id : 458948]
Raj and Co. vs UOI and Ors.
Interest on refund of TDS-Refund of TDS to deduct or - Deemed assessee-The payee viz ITC did not claim credit for TDS effected by assessee. On assessee's request it was refunded to it. When TDS was made assessee had an ob [LexDoc Id : 457049]
CIT vs Petals Engineers (P) Ltd.
Penalty - Concealment of income-Bona fide claim of deduction - No Suppression of facts - No misrepresentation of facts-A.Y. 1994-95.
The assessee made a claim of deduction under a bona fide impression u/s 80-IA. by appending a note to the return. The claim was bas [LexDoc Id : 457769]
HC (Bombay)
2013
Unique Artage vs UOI and Ors.
Duty of Tribunal - Stay of recovery of tax-Dismissing stay - Refusing adjournment-
The Tribunal had held that the assessee had a prime facie arguable case while deciding asseseee's stay-petition. It directed out of turn hearing and [LexDoc Id : 457336]
CIT vs Premier Vegetable Products Ltd.
Speculation income v. Damages for breach of contract-Damages received v. Settlement of contract-A.Y. 1974-75.
The assessee was manufacturing vegetable ghee. The damages received for breach of contract by its suppliers was trading receipts. N [LexDoc Id : 457376]
