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Modvat Credit available to assessee on last day of previous year does not amount to payment of Central excise duty u/s. 43B

Case Name : DCIT V/s. M/S. Glaxo Smithkline Consumer healthcare Ltd. (ITAT Chandigarh Special Bench)
Appeal Number : 2007 107 ITD : I.T.A. No. 343/Chandi/2005
Date of Judgement/Order : 20/07/2007
Related Assessment Year : 2001-02
Courts : All ITAT (15041) ITAT Chandigarh (315)
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Sections 269SS have no application in respect of Share Application Money Received in cash

Case Name : Commissioner Of Income-Tax. Vs. Rugmini Ram Raghav Spinners Private Limited. (Madras High Court)
Appeal Number : (2008) 304 ITR 417 (Mad)
Date of Judgement/Order : 12/07/2007
Related Assessment Year :
Courts : All High Courts (14153) Madras High Court (1788)

Tax paid by the company is part and parcel of the salary and not any sum outside the salary or independent of salary

Case Name : BJ Services Company Middle East Ltd. Vs Asstt. Commissioner of Income-tax (ITAT Delhi 'H' Bench)
Appeal Number : 2008 297 ITR 141 Delhi : (2007) 109 TTJ Delhi 135
Date of Judgement/Order : 23/03/2007
Related Assessment Year :
Courts : All ITAT (15041) ITAT Delhi (3724)

Consideration for obtaining leasehold rights for 99 years is capital in nature

Case Name : Joint Commissioner of I.T Vs M/s. Mukund Limited (ITAT Mumbai - 'A' Special Bench)
Appeal Number : 2007 106 ITD 231 Mum : 2007 291 ITR 249 Mum : (2007) 109 TTJ Mum 172
Date of Judgement/Order : 15/02/2007
Related Assessment Year :
Courts : All ITAT (15041) ITAT Mumbai (3598)

Amount paid by firm to partners or vice versa is not a loan

Case Name : Commissioner Of Income-Tax Vs Lokhpat Film Exchange (Cinema) (Rajasthan High Court)
Appeal Number : (2007) 212 CTR Raj 371
Date of Judgement/Order : 23/01/2007
Related Assessment Year :
Courts : All High Courts (14153) Rajasthan High Court (390)
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CIT v. Thayaballi Mulla Jeevaji Kapasi [1967] 66 ITR 147 (SC)

Case Name : Commissioner of Income-tax Vs Thayaballi Mulla Jeevaji Kapasi (Supreme Court of India)
Appeal Number : [1967] 66 ITR 147 (SC)
Date of Judgement/Order : 15/03/1967
Related Assessment Year :
Courts : Supreme Court of India (2389)

Interest paid on borrowed capital allowable if used for commercial expediency

Case Name : S.A. Builders Ltd Vs. CIT (Appeals) Chandigarh & Anr. (Supreme Court)
Appeal Number : Appeal (civil) 5811 of 2006
Date of Judgement/Order : 14/12/2006
Related Assessment Year : 1991-92
Courts : Supreme Court of India (2389)
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Section 40A(3) Exceptions of Rule 6DD are not exhaustive and must be interpreted liberally

Case Name : Smt. Harshila Chordia Vs Income Tax Officer (Rajasthan High Court)
Appeal Number : D.B. Income Tax Appeal No. 04/2002
Date of Judgement/Order : 07/11/2006
Related Assessment Year :
Courts : All High Courts (14153) Rajasthan High Court (390)
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Registration U/s. 12A cannot be denied if CIT not doubted genuineness of activities of trust

Case Name : Aggarwal Mitra Mandal Trust Vs Director Of Income Tax 29 September, 20062007 106 ITD 531 Delhi, 2007 293 ITR 259 Delhi, (2007) 109 TTJ Delhi 128
Appeal Number :
Date of Judgement/Order :
Related Assessment Year :
Courts : All ITAT (15041) ITAT Delhi (3724)
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s. 54 – Depositing of unutilised portion of capital gain in notified scheme up to expiry of time-limit for filing return U/s. 139(4)

Case Name : Commissioner Of Income-Tax Vs Rajesh Kumar Jalan (Gauhati High Court)
Appeal Number : 9 (2006) 206 CTR Gau 361 : 2006 286 ITR 274 Gauhati
Date of Judgement/Order : 09/08/2006
Related Assessment Year :
Courts : All High Courts (14153) Guwahati High Court (123)
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