Pratibha Garg vs CIT and Ors.
Liability of director for Co's arrears-Inactive director-A.Y. 1984-85.
During the relevant period, the assessee was an inactive director in the private Co. She was not guilty of any gross negligence, mi [LexDoc Id : 457766]
CIT vs Commercial Motors Finance Ltd.
Interest tax Act-Finance charges vis-à-vis Interest-A.Y. 1992-93 to 1997-98.
The assessee was in finance and leasing. The finance charges charged by it in hire purchase deals was "interest" subject [LexDoc Id : 456900]
Inderjeet Arya and Anr. vs ICICI Bank Ltd.
Recovery proceedings against sick industrial company-Guarantors entitled to protection under s.22(1) only against suits-The first appellant was the chairman-cum-director of a company while the second appellant was its director. The bank to which the company was indebted [LexDoc Id : 454265]
Nokia India (P) Ltd. vs Addl. CIT and Anr.
Validity of: Provisional attachment-Extent of attachment-At present, the tax demand was inchoate. It may take considerable time before reaching finality. The assessee was permitted to sell certain assets sub [LexDoc Id : 456893]
Rangoli Projects (P) Ltd. vs CIT
Business expenditure-Development expenses in real estate development business - Applicability of Accounting standards No. 7-The business of the assess of real estate development was set up. The primary question -Whether development expenses can be bellowed under Accounting [LexDoc Id : 464974]
CIT and Anr. vs Motorola India Electronics (P) Ltd.
Income derived from exports-Interest on: Interoperate Deposits, EEFC A/C and Sale of import entitlements-A.Y. 1998-1999 to 2001-2002. The interest earned on EEFC Account and on Interoperate deposits having a clear nexus with consideration realized by expo [LexDoc Id : 458979]
CWT vs Trustees of H.E.H. Nizam Jewellery Trust
Validity of asset-Rule of consistency-A.Y. 1982-83.
The valuation of jewellery was accepted in earlier 2 years. In absence of any change in facts and law the same valuation was rightl [LexDoc Id : 459465]
HC (Andhra Pradesh)
2013
Central Coalfields Ltd. vs CIT
Maintainability of writ-Enhancement of income-Show cause notice without jurisdiction-A.Y. 2002-2003 to 2009-2010. The CIT(A) was seeking to re-open the assessments for enhancement of income for the years for which appeals were not pend [LexDoc Id : 458942]