CIT vs MAF Academy (P) Ltd.
Unexplained Cash Credits - Share - application money-Accommodation entry - Device-
A.Y. 2002-03.
The assessee was a private limited Co. It showed receipt of share application money from certain parties. In bank accounts of app [LexDoc Id : 458971]
CIT vs N. Tarika Properties Investment (P) Ltd.
Unexplained Cash Credits - Share - application money-Fabricated/false evidence filed-A.Y. 2001-02.
The assesee had filed false and fabricated evidence to prove genuineness of transactions. The initial onus was not discharged by as [LexDoc Id : 457761]
Ambika Solvex and Ors. vs CIT and Ors.
Validity of: Transfer of a case-Effective and co-ordinate investigation-The assessee belonged to a group. Their cases were transferred from Ratlam to Indore. The reason given was for an effective and co-ordinate investigat [LexDoc Id : 462022]
HC (Madhya Pradesh)
2013
Lalitha Chem Industries (P) Ltd. vs DCIT and Ors.
Validity of Re-asst.-Full and true disclosure by assessee-A.Y. 2006-2007. The assessee had claimed special deduction under s.80-IB. The assessee had allocated the common expenses between the eligible and non- [LexDoc Id : 458945]
Maersk BV vs DDIT
Maintainable of: appeal by partner of the firm-Grievance in firm's assessment-A.Y. 2003-04.
The assessee was partner in a firm of U.K. His share income from the firm was exempt u/s 10(2A). The said firm was held as taxable [LexDoc Id : 456894]
Three Star Granites (P) Ltd. vs ACIT
TDS-Work-contract vs Hiring equipment-[Composite Contracts]-Hiring trucks-A.Y. 2007-2008. The assessee entered into a composite contract of loading, unloading and transporting granite produced by it. The owner of trucks reta [LexDoc Id : 460309]
HC (Kerala)
2013
Kanchanbag and Anr. vs UOI and Ors.
Stay of: Recovery of Tax-Stay during pendency of appeal-Even if an appeal was pending the assessee was entitled to stay under s.220(6). The A.O to reconsider assessee's stay-application.
S.220(6) o [LexDoc Id : 458953]
HC (Madhya Pradesh)
2013
CIT and Anr. vs MWP Ltd.
Validity of: Penalty - proceedings-Absence of: A.O.'s satisfaction - Directions to initiate penalty proceedings - Direction-A.Y. 2002-03.
The perusal of asst order did not show any satisfaction of A.O. regarding any concealment. Further, there was no direction to in in [LexDoc Id : 457765]
HC (Karnataka)
2013
Chironjilal Sharma (HUF) vs UOI and Ors.
Interest on surplus seized and retained cash-Fields covered by S. 244A and S. 132B(4)(b)-On assessment the tax payable was found to be higher than seized cash and was appropriated towards liability. The order of AO was overturned by Tribun [LexDoc Id : 456751]
SC
2013
CIT vs Arun Malhotra
Duty of Tribunal-Considering all relevant facts-Block-period: 1 April 1989 to 14 July 1999. A. It is the duty of the Tribunal to give a finding of fact after considering all relevant facts found by [LexDoc Id : 464975]
HC (Delhi)
2013
Krishna Bajaj vs ACIT
Cost of acquisition-Fair Market Value as on 1.4.1981-Fair Market Value under other Acts vis-a-vis under Income Tax Act 1961-A.Y. 2001-2002. The term FMV (Fair Market Value) has been defined under S. 2(22B). The meaning given to it under other enactments could not be applied [LexDoc Id : 460007]
