CIT vs Mahavir Plantations (P) Ltd.
Accrual of income-Fluctuations in foreign exchange-A.Y. 1982-83.
The assessee was exporting goods. It was following mercantile system. The previous year ended on 30.6.1981. The sale proceeds in fo [LexDoc Id : 457643]
Damodar Mangalji Mining Co. vs JCIT
Profits of business-Premium on special import license - Insurance claim and service charge-
A.Y. 1997-98.
The premium earned on special import license, insurance claim on vehicles and services charges received were profits of business. [LexDoc Id : 452270]
Appollo Tyres Ltd. vs DCIT
Validity of: Revision by CIT-Erroneous order: Non-application of mind by A.O.-The perusal of A.O.'s order u/s 143(3) showed that there was no application of mind by him. The order was erroneous and prejudicial to Revenue and so, [LexDoc Id : 452386]
