A. Somalingum Goud vs ITO
Investment on Fixed Deposits-Section 69 of the Income Tax Act 1961. Additions on Unexplained Investment-AO made addition on the income returned for the AY on the ground that assessee had failed to prove the source of such investments with documentary evi [LexDoc Id : 475230]
DCIT vs PCL Intertech
Deduction of Tax on Contract Works-Section 201(1) of the Income Tax Act 1961. Liability to pay TDS-AO passed an order u/s 201(1) by observing that the assessee failed to deduct the tax on contract works. Whether, Assessee was liable to TDS under sec [LexDoc Id : 475227]
ITAT (Hyderabad)
2014
A.P. Pollution Control Board vs DIT
Prevention and control of pollution. Environmental Schemes-Article 289 of the Constitution of India 1950, Water (prevention and control of pollution) Act 1974, Air (prevention and control of pollution) Act 1981. Immunity from income-tax-Assessee-Board was created as Andhra Pradesh State Board for the Prevention and Control of Water Pollution and subsequently rechristened as Andhra Pra [LexDoc Id : 475225]
Misty Meadows (P) Ltd. vs DCIT
Notice on Share Applicants-Deletion of addition under Section 68 of the Income Tax Act 1961-AO during 153A assessment in order to further verify the evidence filed by the Assessee issued notices on the share applicants to file confirmations. [LexDoc Id : 474983]
ACIT vs Ferro and Singh Industrial Co.
Difference of Interest Income -Deletion of Addition on purchase-AO disallowed 5% of purchases and 25% of expenses on the ground that assessee had received interest Santurian Bank of Punjab and HDFC Bank Ltd. AO add [LexDoc Id : 474970]
DCIT vs Chambal Fertilizers and Chemicals Ltd.
Computation of Deduction under Section 80IA of the Income Tax Act 1961-Deletion of Penalty on Wrong Deduction -Details regarding the claim under Section 80IA were produced before the lower authorities and the issue emanated from its return only. The issue of el [LexDoc Id : 474965]
Anjani Construction vs ACIT
Purchase of land received to the original land owners: Sale of the land documents: Land development expenses or Banakhat expenses-Additions on issuance of Bills -Assessee as well as Shri Ashish Patel of Radhe group had claimed that Assessee was entitled for commission at 1.5% of the bills raised. CIT(A) found t [LexDoc Id : 474936]
ITAT (Ahmedabad)
2014
ACIT vs Torrent Power SEC Ltd.
Claim for depreciation: Amount for acquiring the leasehold right on land-Imposition of Penalty under section 271(1)(c) -AO disallowed Assessee’s claim for depreciation on the amount paid for acquiring the leasehold right on the land thereby levied penalty u/s 271(1)(c) [LexDoc Id : 474932]
