Spectrum Coal & Power Ltd Vs ACIT (ITAT Mumbai) -
USA is not a person or authority under the Indian Income Tax Act, subsidy or grant received from it does not attract Explanation 10 to section 43(1), extraction of coal from mines and processing thereof tantamounts to production...
Genom Biotech Pvt. Ltd. Vs DCIT (Investigation) [Bombay High Court] -
6. Section 132(1) (b) & (c) of the Act to the extent relevant to the present case reads thus:-
132. (1) Where the [Director General or Director] or the [Chief Commissioner or Commissioner] [or any such (Joint Director) or (Joint Commissioner) as may be empowered in this behalf by the Board], in consequence of information in his possessio...