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Penalty u/s 271(1)(c) should not be levied on the amount which was voluntarily surrendered by the assessee during survey

Case Name : ITO Vs M/s Indian & Overseas Trading Co. (ITAT Lucknow)
Appeal Number : ITA No.195/LKW/2011
Date of Judgement/Order : 25/08/2014
Related Assessment Year : 2006-07
Courts : All ITAT (14952) ITAT Lucknow (120)
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Expenses incurred between the dates of commencement of business to setting up of business are allowable

Case Name : Carefour WC & C India Pvt. Ltd. Vs DCIT (Delhi High Court)
Appeal Number : ITA No. 42/2014
Date of Judgement/Order : 22/09/2014
Related Assessment Year :
Courts : All High Courts (13951) Delhi High Court (3377)
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S. 68 Addition based on mere report of Investigation Wing not sustainable

Case Name : ITO Vs Rakam Money Matters P. Ltd (ITAT Delhi)
Appeal Number : ITA No.2821/Del./2011
Date of Judgement/Order : 16/10/2014
Related Assessment Year :
Courts : All ITAT (14952) ITAT Delhi (3705)
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AO can make adjustment to profit if books are not in accordance with established accounting principles

Case Name : Padinjarekara Agencies Pvt. Ltd Vs ACIT (ITAT Cochin)
Appeal Number : I.T.A. No. 375/Coch/2014
Date of Judgement/Order : 17/10/2014
Related Assessment Year :
Courts : All ITAT (14952) ITAT Cochin (146)
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Share broker business commences the day on which assessee files registration application with NSE

Case Name : Elan Equity Services Pvt. Ltd. Vs ITO (ITAT Delhi)
Appeal Number : ITA No. 5135/Del/2012
Date of Judgement/Order : 14/08/2014
Related Assessment Year :
Courts : All ITAT (14952) ITAT Delhi (3705)
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Installation, commissioning or assembling services being part of composite supply contract covered by specific article on PE of DTAA & not general article on FTS

Case Name : Birla Corporation Limited Vs Assistant Commissioner of Income Tax  (ITAT Jabalpur)
Appeal Number : ITA No. 251/Jab/2013
Date of Judgement/Order : 24/10/2014
Related Assessment Year : 2010-11
Courts : All ITAT (14952) ITAT Jabalpur (12)
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No disallowance u/s 14A, where assessee have sufficient own funds for making investment

Case Name : CIT Vs Torrent Power Ltd. (Gujarat High Court)
Appeal Number : Tax Appeal no. 603 of 2013
Date of Judgement/Order : 04/02/2014
Related Assessment Year :
Courts : All High Courts (13951) Gujarat High Court (1140)
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Mere Non recording of detailed reason in Assessment Order do not justify the presumption that order been passed without application of mind

Case Name : Munshi Mini Rice Mill Vs ITO (ITAT Kolkata)
Appeal Number : I.T.A No.1650/Kol/2014
Date of Judgement/Order : 14/10/2014
Related Assessment Year :
Courts : All ITAT (14952) ITAT Kolkata (1035)
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Cash seized during search cannot be adjusted against advance-tax liability

Case Name : DCIT Vs Spaze Tower Pvt. Ltd (ITAT Delhi)
Appeal Number : I.T.A .No.-2557/Del/2012
Date of Judgement/Order : 17/10/2014
Related Assessment Year :
Courts : All ITAT (14952) ITAT Delhi (3705)
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AO can issue notice u/s 148 despite non expiry of time limit for issuing notice u/s 143(2)

Case Name : Malwinder Singh Vs ITO (ITAT Chandigarh)
Appeal Number : ITA No. 749/CHD/2012
Date of Judgement/Order : 17/09/2014
Related Assessment Year :
Courts : All ITAT (14952) ITAT Chandigarh (315)
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