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Penalty U/S. 271(1)(c) is neither criminal nor quasi criminal but a civil liability

Case Name : CIT Vs Atul Mohan Bindal (Supreme Court of India)
Appeal Number : Civil Appeal No. 5769 of 2009
Date of Judgement/Order : 24/08/2009
Related Assessment Year :
Courts : Supreme Court of India (2373)

Loan ‘waiver’ does not fall into either of three terms subsidy / grant and reimbursement

Case Name : Steelco Gujarat Ltd. Vs ACIT (ITAT Ahmedabad)
Appeal Number : ITA No. 1050/Ahd/2006
Date of Judgement/Order : 31/07/2009
Related Assessment Year : 2002- 03
Courts : All ITAT (14957) ITAT Ahmedabad (1128)
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Once data stored in electronic form, it becomes a customized electronic data which can be exported to qualify for deduction u/s 10A

Case Name : ITO Vs. Accurum India Pvt. Ltd. (ITAT Chennai)
Appeal Number : ITA No. 1736/MDS/2006
Date of Judgement/Order : 24/10/2009
Related Assessment Year :
Courts : All ITAT (14957) ITAT Chennai (858)
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Once estimation of income is made, further disallowances u/s. 40(a)(ia) are not warranted

Case Name : Teja Constructions Vs. ACIT (ITAT Hyderabad)
Appeal Number : Appeal No: ITA No. 308/HYD/2009
Date of Judgement/Order : 23/10/2009
Related Assessment Year : 2005- 06
Courts : All ITAT (14957) ITAT Hyderabad (630)
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Fee for use of satellite is “royalty” under Act & DTAA

Case Name : New Skies Satellites N.V. Vs. ADIT International Taxation [ITAT Delhi]
Appeal Number : ITA Nos. 5385 to 5387/Del/2004, ITA Nos. 2623 & 2624/Del/2008
Date of Judgement/Order : 16/10/2009
Related Assessment Year : 2000-01, 2002-03, 2003-04 & 2004-05
Courts : All ITAT (14957) ITAT Delhi (3708)
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No “succession of business” u/s. 170 even on 100% sale of shares

Case Name : CIT, Shimla Vs Panchratan Hotels Pvt. Ltd, Manali (Himachal Pradesh High Court)
Appeal Number : I.T.A No. 13 of 2004
Date of Judgement/Order : 26/08/2009
Related Assessment Year :
Courts : All High Courts (13958) Himachal Pradesh HC (97)

No Penalty U/s. 271D for receipt of Share application money in cash

Case Name : CIT Vs. M/s Speedways Rubber Pvt. Limited (Punjab & Haryana High Court at Chandigarh)
Appeal Number : ITA No. 361 of 2009 (O&M)
Date of Judgement/Order : 22/10/2009
Related Assessment Year :
Courts : All High Courts (13958) Punjab and Haryana HC (457)
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Change in method of valuation of closing stock allowed if such change is bona fide and assessee has proper reasons for such change

Case Name : Charchit agarwal Vs ACIT (ITAT Delhi)
Appeal Number : ITA Nos. 3132 to 3137/Del/2008
Date of Judgement/Order : 28/08/2009
Related Assessment Year : 2000- 2001
Courts : All ITAT (14957) ITAT Delhi (3708)

Availability of exemption u/s 54F on acquisition of land appurtenant to the building or on the investment on land on which building is being constructed

Case Name : Addl. CIT Vs Narendra Mohan Uniyal (ITAT Delhi)
Appeal Number : ITA No. 1624 /Del/2009
Date of Judgement/Order : 31/08/2009
Related Assessment Year : 2006- 07
Courts : All ITAT (14957) ITAT Delhi (3708)
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True basis of depreciation allowance is the character of the asset not the description of the same

Case Name : Hindustan Coca Cola Beverages Pvt. Ltd. Vs. DCIT (ITAT Delhi)
Appeal Number : ITA No. 1884.Del/06
Date of Judgement/Order : 25/08/2009
Related Assessment Year : 2001- 2002
Courts : All ITAT (14957) ITAT Delhi (3708)
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