U.K. Mahapatra and Co. and Ors. vs ITO and Ors.
Validity of retention-Impounded books of accounts-There was no approval for some period from higher authority for retaining the impounded books of account beyond 10 days. Further, the approval sought [LexDoc Id : 355396]
Jagadamba Rollers Flour Mill Ltd. vs ACIT
Reasonableness of business expenditure-Duty of the AO: determination of market value of services / goods-AY 2003-04. The remuneration paid to director was increased to Rs.2,40,000 per year as against Rs.1,20,000 per year in earlier year. The AO did not ma [LexDoc Id : 373015]
Shree Mahalaxmi Rice Mill vs ITO
Unexplained cash-Withdrawals from bank at another place-AY 2003-04. During the survey under s.133A, excess cash was found of Rs. 2.50 lakhs on 20 January 2003. The assessee agreed to surrender the same for [LexDoc Id : 361824]
ITAT (Nagpur)
2008
Jagdamba Rollers Flour Mill Ltd. vs ACIT
Reasonableness of remuneration to director-Duty of Assessing Officer-AY 2004-05. While considering the dis-allowance under s.40A(2) the AO was required to find whether payment made was excessive or unreasonable having r [LexDoc Id : 361333]
Hariganga Alloys Steel Ltd. (In Liquidation), In re
Dividend due to deceased worker-Production of succession certificate-Applications seeking directions to the Official Liquidator to pay the amount of dividends due to the legal heirs of the deceased without production of [LexDoc Id : 376988]
HC (Bombay)
2008
Kusum Gupta vs AO
Cash Credit-Genuineness of gift-AY 2001-02. The assessee had received two gifts from two donors. The identify and creditworthiness of the donors was proved. The donors confirmed maki [LexDoc Id : 373564]
ITAT (Delhi)
2008
CIT vs J.K. Panthaki and Co.
Business expenditure-Payments prohibited by law, Commission paid for obtaining contract-AY 1983-84 and AY 1984-85. The assessee was a contractor. It paid commission to A.P. Mehta who controlled the company Karnataka Ball Bearings Ltd. For [LexDoc Id : 373009]
