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Rent from Simple Letting of Property is Business Profits

Case Name : The Scientific Instrument Co. Ltd. Vs CIT (Allahabad High Court)
Appeal Number : Income Tax Appeal Nos. 1 of 2003
Date of Judgement/Order : 12/08/2011
Related Assessment Year :
Courts : All High Courts (13956) Allahabad High Court (800)
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Profits attributable to ‘Dependent Agent Permanent Establishment’ Taxable in India – Delhi HC

Case Name : Rolls Royce Singapore Pvt. Ltd. Vs ADIT (Delhi High Court)
Appeal Number : ITA No. 1278/2010
Date of Judgement/Order : 30/08/2011
Related Assessment Year :
Courts : All High Courts (13956) Delhi High Court (3377)
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Provision made to incentivise performance of workers cannot be disallowed u/s 43B(c)

Case Name : Deputy Commissioner of Income Tax Vs. Sri Shanmugavel Mills Ltd. (Madras High Court)
Appeal Number : Tax Case (Appeal) No. 695 of 2004
Date of Judgement/Order : 18/07/2011
Related Assessment Year :
Courts : All High Courts (13956) Madras High Court (1763)
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Depreciation on cooling chambers of the cold storage is allowable at the rate of 25%

Case Name : Shyam Enteprises Vs Commissioner of Income Tax (Allahabad High Court)
Appeal Number : Income Tax Appeal No. 209 of 2008
Date of Judgement/Order : 04/08/2011
Related Assessment Year :
Courts : All High Courts (13956) Allahabad High Court (800)
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Once the CIT grants approval for registration of the trust u/s 12A, the AO not required to re-examine the the object and purpose of the trust

Case Name : Commissioner of Income Tax- I Vs Saurashtra Kutch Stock Exchange Ltd. (Gujarat High Court)
Appeal Number : Tax Appeal No. 376 of 2010
Date of Judgement/Order : 08/08/2011
Related Assessment Year :
Courts : All High Courts (13956) Gujarat High Court (1140)
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Whether expenses incurred on replacement of body of dumpers is revenue in nature ?

Case Name : Commissioner of Income Tax- I Vs Manoj B Mansukhani (Gujarat High Court)
Appeal Number : Tax Appeal No. 941 of 2010
Date of Judgement/Order : 09/08/2011
Related Assessment Year :
Courts : All High Courts (13956) Gujarat High Court (1140)
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Immovable properties used primarily for business purpose cannot be taxed under the Wealth Tax Act

Case Name : Commissioner of Income Tax Vs Gujarat State Petroleum Corporation Ltd.(Gujarat High Court)
Appeal Number : Tax Appeal No. 684 of 2010
Date of Judgement/Order : 16/08/2011
Related Assessment Year :
Courts : All High Courts (13956) Gujarat High Court (1140)
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Word ‘erroneous’ in section 263 includes failure to make an enquiry by the AO

Case Name : Rain Commodities Ltd. Vs. Dy. CIT (ITAT Hyderabad)
Appeal Number : ITA No. 673/Hyd/2010
Date of Judgement/Order : 24/12/2010
Related Assessment Year : 2004- 05
Courts : All ITAT (14953) ITAT Hyderabad (630)

Employees’ PF/ ESI contribution covered by Sec. 43B and allowable if paid before ROI

Case Name : Commissioner of Income Tax Circle-i, Kolkata Vs M/s. Vijay Shree Limited (Calcutta High Court)
Appeal Number : ITAT No. 245 of 2011, GA No. 2607 of 2011
Date of Judgement/Order : 06/09/2011
Related Assessment Year :
Courts : All High Courts (13956) Calcutta High Court (844)
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Payments made by the assessee to the employees employed on daily wage basis cannot be said to be a contractual payment

Case Name : The Commissioner of Income Tax- XVII Vs Dewan Chand (Delhi High Court)
Appeal Number : ITA Nos. 1273/ 2008
Date of Judgement/Order : 17/11/2008
Related Assessment Year :
Courts : All High Courts (13956) Delhi High Court (3377)
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