Sysarris Software (P) Ltd. vs DCIT
Validity of: Re-asstt.-TPO's report for earlier year-A.Y. 2006-07.
The issue of notice on the basis of TPO's report/order for an earlier year was valid.
S. 148 of the Income Tax Act, 1961. [LexDoc Id : 441637]
HC (Karnataka)
2013
CIT vs Wipro Finance Ltd.
Notional Business Loss-Change in Rate of Foreign Exchange-A.Y. 2000-2001.
A notional business loss can be allowed if 6 conditions are fulfilled:-
1. Mercantile system is followd;
2. System foll [LexDoc Id : 441635]
CIT vs Nipun Builders and Develpers (P) Ltd.
Unexplained cash credits-Shares – application money - Discharges of onus - case of private company-A.Y. 2004-05.
The assessee was a private limited co. It was assessee's onus to prove prima facie creditworthiness of share-applicants. The mere f [LexDoc Id : 436333]
HC (Delhi)
2013
DIT vs Raunaq Education Foundation
Charitable Trust-Accepting post-dated Cheques-A.Y. 2002-03.
The assessee a public charitable trust accepted certain cheques as donation before the end of relevant F.Y. which bore dates of nex [LexDoc Id : 436152]
P. Premkumar; Sai Trading Co. vs STO and Anr.
Cancellation of registration on failure to furnish additional security: Statutory provisions not taken into account when additional security was demanded and registration was cancelled-Impugned notice directing furnishing of additional security and order cancelling registration set aside, Direction to initiate fresh proceedings if so advised-The petitioner was a dealer registered under the Kerala Value Added Tax Act 2003. He was issued a notice stating that, having regard to the volume of [LexDoc Id : 443564]
HC (Kerala)
2013
Armstrong Knitting Mills (P) Ltd. vs DCIT
Use of used machinery-Sale and Lease Back [SLB]-The assessee had produced wind-power from the windmill in 2003.
This windmill was transferred to sister concern. Thus S. 80-IA(3)(ii) was also vi [LexDoc Id : 443155]
ACIT vs ECIL Ltd.
R and D expenditure-Govt. - Grants received Govt. – Grants v. Tied up grants-A.Y. 2004-05.
The assessee had received certain grants–in–aid from government. Before deciding whether expenditure incurred out of grants was el [LexDoc Id : 441468]
