Maya Shenoy vs CIT
Computation of capital gains-Cost of Acquisition: Cost of demolished superstructure-The assessee demolished the superstructure before handing over plot to the developer. The cost of old superstructure was allowable as deduction for co [LexDoc Id : 372124]
Satyawati Devi Verma vs ITO
Accrual of capital gains-Agreement to sell vis-a-vis sale-AY 1996-97. The assessee had inherited a plot under will of his aunt. The plot was under possession of a trust and she initiated court proceedings for [LexDoc Id : 365356]
ITAT (Delhi)
2008
Vinir Engg. (P) Ltd. vs DCIT
Deduction on: Actual payment-Interest payable to financial institution, Re-Scheduling of interest by means of fresh loan-AY 1997-98. The interest payable on loan from Karnataka State Financial Corporation was rescheduled into a fresh loan. It was deemed payment. The inte [LexDoc Id : 365140]
HC (Karnataka)
2008
Ahluwallia and Associates vs ITO
Credit for TDS-Tax deducted at source but not paid by deductor-AY 2004-05. The tax was deducted at source but not paid by the deductor. The said amount could not be recovered from the assessee deductee because of [LexDoc Id : 362631]
ACIT vs Prakash Industries Ltd.
Depreciation allowance-Plant for generating power-The AO had allowed depreciation on power generating plant in later year. Assessee entitled to depreciation in this year also.
International Land Dev. (P) Ltd. vs DCIT
Provisional attachment of property-Modification of order of provisional attachment-AY 2000-01 to 2006-07. The assessments were made under s.153A. The movable and immovable properties including bank accounts were provisionally attache [LexDoc Id : 360431]
Splendor Constructions (P) Ltd. vs ITO
Short term capital asset vs Long term capital asset-Conversion of stock-in-trade into capital asset, Date of acquisition of capital asset-AY 2003-04. The assessee was engaged in the business of developing and selling real estate. The property acquired in F.Y. 1998-99 alongwith developmen [LexDoc Id : 355118]
ITAT (Delhi)
2008
DCIT vs Sahara India Employees Contributory Provident Fund
Exemption: Income of Recognised Provident Fund-Contributions received from more than one entity-AY 2003-04. The assessee was a Recognised Provident Fund, initially formed for employees of a company Sahara India Limited. It also received contribut [LexDoc Id : 355117]
ITAT (Delhi)
2008
ACIT vs Ashok Mehra
Income vs Capital receipt-Non compete fee received-AY 2001-02. The fees received from employer company for not taking any direct or indirect employment or providing advice etc. to any other person enga [LexDoc Id : 355115]
Vimla Stores vs CIT and Anr.
Validity of: Levy of interest under s.234B-Absence of order for levy of interest-In absence of any specific order by the AO, no interest could be levied under s.234B
S.234B of the Income Tax Act 1961 [LexDoc Id : 354838]
