CIT vs Varinder Agro Chemicals Ltd.
Business expenditure-Expenses on computer software-AY 2002-03. The expenses incurred on acquiring computer software were allowable as business expenditure.
S.37(1) of the Income Tax. Act 196 [LexDoc Id : 358979]
ITO vs Prem Kumar Jindal
Duty of CIT(A)-Admission of additional evidence, Opportunity to AO-AY 2001-02. The assessee filed certain additional evidence with the CIT(A). The CIT(A) forwarded the said evidence to the AO for comments and no oppor [LexDoc Id : 356035]
B.L.K. Securities (P) Ltd. vs ITO
Speculation loss-Loss in trading of shares by share broker-AY 2001-02. The assessee was a share broker as well as dealer in shares on his own account. The loss from dealing in shares was assessable as speculat [LexDoc Id : 355609]
ITAT (Delhi)
2008
Steel Authority of India Ltd. vs ITO
Income deemed to accrue or arise in India-Fees for technical services, Technical training to employees-AY 2006-07 and AY 2007-08. The assessee paid fees for technical training to its employees to a company of UK. The technical training imparted in UK to [LexDoc Id : 355515]
CIT vs Mahesh Chandra Sharma
Manufacture-Assembly of motorcycle wheels-AY 2001-02. The activity of assembling motorcycle wheels from purchased components was manufacture of an article. The assessee was entitled for deduct [LexDoc Id : 355352]
HC (Punjab and Haryana)
2008
DLF Ltd. vs CIT
Expenses incurred on exempt income-Expenditure incurred in relation to earning exempt income, Simple Dividend Warrant received-AY 2002-03. As per s.14A only expenditure which is proved to be incurred on earning exempt income could be disallowed. The common expenditure cannot b [LexDoc Id : 355116]
CIT vs Improvement Trust
Charitable Purpose-Object of: General improvement of local area-AY 2003-04. The assessee, the improvement trust carried on the activity of general improvement for public utility of local area. The object was of Gen [LexDoc Id : 349897]
