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Just because benefits of research may have enduring benefit, expenditure cannot be considered as capital in nature

Case Name : Scientific Precision (P) Ltd Vs ACIT (ITAT Mumbai)
Appeal Number : ITA No.2420/Mum/2010
Date of Judgement/Order : 27/06/2012
Related Assessment Year : 2006-07
Courts : All ITAT (14953) ITAT Mumbai (3584)
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Mere taking of a claim, which is not sustainable in law, will not amount to furnishing inaccurate particulars

Case Name : Assistant Commissioner of Income Tax Vs Shri Jaswinder Singh Ahuja (ITAT Delhi)
Appeal Number : ITA Nos.3416/Del/2011 & 3417/Del/2011
Date of Judgement/Order : 25/06/2012
Related Assessment Year : 2004-05 & 2002-03
Courts : All ITAT (14953) ITAT Delhi (3706)
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S. 41(1) not applies if Assessee not claimed trading liability as deduction in earlier years in computing business income

Case Name : ACIT Vs M/s. Delhi State Mineral Development Corporation Ltd. (ITAT Delhi)
Appeal Number : ITA No. 4646/Del/2010
Date of Judgement/Order : 22/06/2012
Related Assessment Year : 2002-03
Courts : All ITAT (14953) ITAT Delhi (3706)
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S. 35D covers only expenditure which are specifically mentioned therein & nothing beyond

Case Name : Commissioner of Income-tax Vs Ashok Leyland Ltd. (Madras High Court)
Appeal Number : Tax Case (APPEAL) NOS. 1253, 1254 AND 1256 OF 2005
Date of Judgement/Order : 20/06/2012
Related Assessment Year :
Courts : All High Courts (13955) Madras High Court (1763)
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Reference to DVO without rejection of books is invalid

Case Name : Prithavi Raj Bohra Vs Income-tax Officer, Jalore (ITAT Jodhpur)
Appeal Number : IT Appeal No. 429 (Ju.) of 2010
Date of Judgement/Order : 17/07/2012
Related Assessment Year : 2005-06
Courts : All ITAT (14953) ITAT Jodhpur (76)
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S.57 do not provide for deduction of any expenditure from salary income of an MLA

Case Name : B. Nanjamari, Ex-MLA Vs ACIT (ITAT Bangalore)
Appeal Number : IT APPEAL NO. 505 (BANG.) OF 2011
Date of Judgement/Order : 11/05/2012
Related Assessment Year : 2007-08
Courts : All ITAT (14953) ITAT Bangalore (1081)
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Period of holding to be reckoned from ‘date of purchase’ & not from date of demat

Case Name : Jafferali K. Rattonsey Vs DCIT (ITAT Mumbai)
Appeal Number : IT Appeal No. 5068 (MUM.) OF 2009
Date of Judgement/Order : 25/01/2012
Related Assessment Year : 2006-07
Courts : All ITAT (14953) ITAT Mumbai (3584)
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Payment by agent of assessee for purchases/ upgrades of software cannot be reimbursement

Case Name : ACIT Vs First Advantage (P.) Ltd. (ITAT Mumbai)
Appeal Number : IT Appeal Nos. 3029 and 3030 (Mum.) of 2010
Date of Judgement/Order : 18/05/2012
Related Assessment Year : 2008-09 and 2009-10
Courts : All ITAT (14953) ITAT Mumbai (3584)
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Rent reimbursement not liable for TDS u/s. 194I

Case Name : Assistant Commissioner of Income-tax Vs Result Services (P.) Ltd. (ITAT Delhi)
Appeal Number : IT Appeal NO. 2846 (DELHI) OF 2011
Date of Judgement/Order : 28/06/2012
Related Assessment Year : 2008-09
Courts : All ITAT (14953) ITAT Delhi (3706)
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Allowing Leave encashment expense only on payment basis unconstitutional

Case Name : CIT Vs Hindustan Latex Ltd. (Kerala High Court)
Appeal Number : IT Appeal No. 64 of 2012
Date of Judgement/Order : 07/06/2012
Related Assessment Year :
Courts : All High Courts (13955) Kerala High Court (909)
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