CIT vs Indian Railway Finance Corpn. Ltd.
Ownership of assets-Possession taken and asset put to use-The assessee had purchased office-premises. It had taken possession and was using it for its business. It was owner and so entitled to depreciation.LexDoc Id : 463470]
Gopilal Laddha vs ACIT
Exemption from: Capital Gains Tax-Booking new flat before sale of old asset-A.Y. 2009-2010. The assessee availed of housing loan and booking a new flat more than one year prior to receipt of compensation for acquisition of lan [LexDoc Id : 459842]
Shri Agrawal Sabha vs CIT
Trust for: Benefit of a particular community-Trust for: Benefit of a Agrawals-The assessee was a society registered since 1991.
Most of its objects were for benefit of the only Agarwal community besides objects like establi [LexDoc Id : 457659]
IVY Comptech (P) Ltd. vs DCIT
ALP - Comparable cases-Functional similarity vis-à-vis turnover-A.Y. 2004-05.
The comparables accepted both by the TPO and the assessee could not be excluded from comparables to arrive at ALP.
Where funct [LexDoc Id : 457420]
CIT vs P.N. Sharma
Re-assessment proceedings: No assessment order passed either under s.142(1)(a), s.143(3) or s.144-Fact of removal of defects not mentioned in assessment order, No occasion to pass reassessment order without passing assessment order, Order holding assessment as annulled upheld-The assessee has had filed his return of income declaring income of Rs.12.59 lakhs. A notice was issued for the deficiency. After considering the subm [LexDoc Id : 452947]
