CIT and Anr. vs D. Ananda Basappa
Exemption: Capital gains-Purchase of a house, Purchase of two adjoining flats-AY 1996-97. The assessee on sale of his old residential house purchased two adjoining flats, which were continued to make a single residential unit. T [LexDoc Id : 358982]
HC (Karnataka)
2008
CIT vs Gupta Abhushan (P) Ltd.
Validity of: Re-assessment-Re-assessment on basis of findings in later year-
AY 1999-2000 to AY 2001-02. During the survey under s.133A, the assessee was found in possession of excess stock as on 7 March 2002. It was also fou [LexDoc Id : 356175]
CIT vs Ahuja Radios
Deduction: Income from exports-Total turnover: Modvat credit-AY 1993-94, AY 1997-98, AY 1998-99 and AY 2000-01. The Modvat credit could not be added to the total turnover for computing the deduction under s.80HH [LexDoc Id : 351767]
Pooja Bhatt vs DCIT
Income of artists from shows abroad-Place of taxation-AY 1994-95. The assessee was resident of India. The assessee was a film actress. She participated in a show in Canada and received certain remuneratio [LexDoc Id : 350194]
Cheminvest Ltd. vs ITO
Disallowance of expenditure-Expenditure incurred to earn Exempt Income, Dividend income of Dealer in Shares-AY 2001-02 and AY 2002-03. The assessee was engaged in dealing in shares and had held shares as stock-in-trade. It suffered loss in dealing in shares [LexDoc Id : 348636]
Haryana Warehousing Corpn. vs ACIT
Head of Income-Providing storage facility-The income from providing storage was income from business.
S.22 and s.28 of the Income Tax Act 1961 [LexDoc Id : 401045]
DCIT vs A.S. Krishna and Co. (P) Ltd.
Interest for delay in payment of tax-Remand of case on limited issues-Computation of interest-In original assessment. the AO converted return loss into income by making additions to income. The AO also levied capital gains tax on additional com [LexDoc Id : 380500]
