Patel Jashwantlal A and Patel Punamchand N. vs ITO
Disallowance of deduction of expenses-Section 80 IB (10) (f) of the Income Tax Act, 1961. Deduction of expenses incurred on housing project-The AO made disallowance of deduction claimed under section 80IB (10) of the Act on the ground that the assessee has not fulfilled the specific condit [LexDoc Id : 492849]
NTT DATA India Enterprise Application Services (P) Ltd. vs ACIT
Selection of Companies as comparables -Determination of ALP under Transaction Net Marginal Method (TNMM)-Assessee was started as off-shore development centre wholly under the Intelli group USA and reported these services at Rs.102.74 crores out of total r [LexDoc Id : 476234]
Venkatappaiah Naidu Vaddineni and Mahendra Vaddineni vs DCIT
Tax on Gains from Business-Sale of Land/Property-Whether, CIT erred in holding that there was sale consideration received during the year under consideration. Held, the agreement with VAPL was a GPA [LexDoc Id : 475990]
Hotel Kamal (P) Ltd. vs ACIT
Re-assessment Proceedings: Transaction of purchase of property-Profit on sale of property as business profits-A.O. during reassessment proceedings held that the transaction of purchase of property and selling one floor of that property was in the nature of bus [LexDoc Id : 475986]
DCIT vs Hotel Diplomat
Expenditure on other expenses-Deletion of additions on account of capital expenditure and additional compensation-Assessing Officer found that the expenses shown by Assessee on expenditure and repair and maintenance higher as compared to preceding years; and there [LexDoc Id : 475927]
ACIT vs Glitz Builders and Promoters (P) Ltd.
Genuineness of the additional payment-Disallowance on non-deductible payment under section 40A(3) of the Income Tax Act 1961-AO disallowed additional payment on the ground that the genuineness of the additional payment was not established. CIT(A) sustained the disallowance u [LexDoc Id : 475923]
