Bureau Veritas India Division vs DCIT
Business expenditure-Amounts spent on third person-The assessee had spent certain amounts on a third person that had no connection with the asseessee’s business. The amount spent could not be allowed a [LexDoc Id : 324990]
SC
2005
Prem Kumar Garg vs JCIT
Estimate of income: Defects in accounts-Application of gross profit rate-AY 2001-02. The assessee was a contactor. He showed profit rate of 3.86 percent as against eight percent shown last year. There were defects in books [LexDoc Id : 324982]
M. Natarajan vs Inspector of Police, SPE/CBI
Kar Vivad Samadhan Scheme-Immunity from criminal proceedings-Immunity could be claimed from criminal proceedings if the declaration under the ‘Kar Vivad Samadhan Scheme’ was made before the charge sheet had been [LexDoc Id : 295571]
HC (Chennai)
2005
Protos Engg. Co. (P) Ltd. vs DCIT
Investment Deposit Account-Profits of eligible business-The assessee’s income through rent, interest and dividends during the course of its business was a part of the eligible profits, which was entitled to [LexDoc Id : 294032]
HC (Bombay)
2005
Punjab Tractors Ltd. vs JCIT
Deductions: Computation of income-Brought forward losses-AY 1997-98. The brought forward unabsorbed business losses were required to be set off against the business profits for computing deduction under s.80 [LexDoc Id : 288355]
