NC Notification No. 93/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1872(E), DATED 11-8-2011 – Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.180(E), dated the 10th March, 1997, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 17, “Construction, equipments and furnishing of a 50 bed Hospice for the care of the terminally ill Cancer patients at Bangalore,
NC Notification No. 92/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1871(E), DATED 11-8-2011 – Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 737(E), dated 13th March, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 2, “Recurring cost for Thalassemia Screening Programmes, Disaster Management Programmes, Mobile Medicare programmes, Distribution of Artificial Limbs and disability Aids, Equipments for Physiotherapy Centre, running cost of senior citizen’s Home” by Indian Red Cross Society, Gujarat State Branch, Red Cross Bhavan, Near Khadi Gram Udyog Board, Ashram Road, Vadaj, Ahmedabad – 380 013, Karnataka, Tamilnadu, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
NC Notification No. 91/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1870(E), DATED 11-8-2011 – Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.1275(E), dated the 9th December, 2002, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 1, “Disability Reduction Project” by Impact India Foundation, NHAVA House, 65, Maharshi Karve Road, Mumbai – 400002,
NC Notification No. 90/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1869(E), DATED 11-8-2011 -Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.469(E), dated the 2nd July, 1996, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 4, “Mid-day Meal Scheme in eighteen schools of Bangalore” by Maria Seva Sangha,
NC Notification No. 89/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1868(E), DATED 11-8-2011- Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 4396(E), dated 12th November, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 2, “Farmers Rehabilitation Project (providing education to 1,00,000 farmers children and assistance to 5000 self help groups of women and counselling and medical help)” by Mata Amritanandamayi Math, Amritapuri PO, Kollam District, Kerala- 6900525, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
NC Notification No. 88/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1867(E), DATED 11-8-2011 -Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1111(E), dated the 8th August, 2005, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 4, “Comprehensive Rehabilitation of leprosy patients and leprosy affected families” by The Leprosy Mission Trust India, CNI Bhavan, 16 Pandit Pant Marg, New Delhi – 110001, as an eligible project or scheme for a period of three years beginning with financial year 2005-2006 and which extended further vide Notification number S.O.2393(E), dated 3rd October, 2008 for a further period of three years beginning with the financial year 2008-09;
In our considered view, the Commissioner (Appeals) and the CESTAT in the order impugned have considered the material on record and if there is some evidence on the basis of which the primary and appellate authorities have based their conclusions, then the fact that better evidence ought to have been marshalled by the assessee and absence of the substantive evidence of invoices, was not considered, would not constitute a substantial question of law warranting consideration by this Court under Section 35G of the Act, in an appeal.
CIT Vs M/s SRF Ltd. (Delhi High Court)- Whether while computing the dis-allowance u/s 37(3), each trip of the employee will be considered separately and no set off will be allowed for the amount of deficit in the next trip by the same employee in the same year – Whether while computing book profits u/s 115J, the difference in the amount of depreciation on the revalued amount or the original cost is to be added back and the amount of revaluation reserve should be either credited in the profit and loss account or should be excluded from the depreciation claimed.- Revenue’s appeal allowed.
M/s M Narayanan & Bros Vs ACIT (Madras High Court)- In the decision reported in (2006) 287 ITR 209 (P.R. Metrani Vs Commissioner of Income-Tax), dealing with the scope of Section 132(4A), the Supreme Court considered the conclusive character of the statement made in a search operation.
DCIT, Mumbai Vs M/s Sumer Ville Investments (ITAT Mumbai)- Whether the notional interest on interest-free deposit from tenants is to be considered while determining the correct ALV u/s 23(1)(a)
