CIT vs Siya Ram Garg (HUF)
Reasonableness of expenditure-Purchases from sister concern-The AO held that purchase from sister company were made a higher than market rate. The CIT(A) held these were at normal rate. The Tribunal also held t [LexDoc Id : 399851]
Suresh Kumar Agrawal vs R and R Consortium (P) Ltd. and Ors.
Maintainability of appeal to high court: Appeal against order of CLB-Finding of fact duly supported by material on record not open to be re-appreciated-In the present appeal, it was not the case that the observations and findings recorded by the CLB under order impugned were against law or based on ir [LexDoc Id : 421625]
Jaipur Metals and Electrical, In re and Ors.
Winding up petition: Right to be heard as ‘person interested’-Merely entering into MoU without transfer of shares being made not making the person creditor or contributory, No right at the stage anterior to the date of winding up order-Merely having entered into MoU with one of share holdings of the company, without there being any transfer of shares made, would not make the second a [LexDoc Id : 408005]
CIT vs O. Abdul Razak
Residential status-leaving India fro : Employment-A.Y.1989-1990. The assessee went abroad for the first time on 24.9.1988 and was in India for 177 days. He went abroad to take up employment abroad. Ta [LexDoc Id : 405051]
S.K. Traders vs CIT
Addition to Income-Voluntary surrender of income-AY 1995-1996. The addition to income could be made on the base of voluntary surrender of income without any further evidence.
S.69 and s.143(3) [LexDoc Id : 403082]
HC (Punjab and Haryana)
2010
CIT vs Taj International Jewellers
Deductions - Interest income-Interest on borrowed funds-A.Y.2005-2006, 2006-2007. The assessee put borrowed funds in FDR. The assessee was an exporter. It earned more interest on FDR than that payable on bo [LexDoc Id : 402002]
HC (Delhi)
2010
DIT vs Anjuman-E-Khyrkhah-E-Aam
Registration of charitable trust-Non-passing order within specified time-The application for registration under s.12A was filed on 28-01-2009. The order passed by DG (Exemption) on 31-07-2009 was not beyond prescribed time [LexDoc Id : 401000]
HC (Chennai)
2010
Pawan Arya vs CIT
Exemption- Capital Gains on sale of residential house-Investment in two houses-AY 2005-2006. The sale consideration of earlier house was reinvested in purchase of two houses. The exemption under s.54 could be obtained only in res [LexDoc Id : 400824]
