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Jivraj Tea Limited v. Asstt. CIT

Section 148

Where reopening of assessment was based on the very same record as available while original assessment, reopening was not justified without AO having bought in any extraneous aspect…

M.A.K. Constructions v. Joint CIT

Section 37(1)

Where supporting vouchers relating to expenses for tea and freight charges, etc., could not be preserved due to exceptional working conditions, disallowances in full as made by AO were not sustained in full…

Deepaben Amitbhai Shah v. Dy. CIT

Section 14

Where mode of purchase of shares as adopted by the assessee was that of an investor and gains arising on sale thereof were offered to capital gains, tax AO was not justified in treating the same as business income on a mere ground that shares were…

ITO v. Bharat Raojibhai Patel

Section 2(14)

Development rights over a property is also a property in itself and income arising on transfer thereof is to be charged to capital gains tax. AO was not, therefore, justified in treating the same as income from other sources…

Society of Indian Automobile Manufacturers v. ITO

Section 2(15)

Assessee had been set up as a body of Indian Automobile Manufacturers with a view to improve and protect the environment and safety of automobile vehicles and also to work towards the growth of automobile industry in India…

CIT v. LGE and C Patel JV

Section 199

Where one of the parties to a Joint Venture exited from AOP then income of the venture has to be assessed in the hands of the continuing party, even though the joint venture may have continued to exist for legal purposes…

CIT v. Babul Products Pvt. Ltd.

Section 145

Where entire sales were made to sister concern and GP rate was reduced due to inflated prices of raw material and similar GP rate was accepted in subsequent year, AO was not justified in holding that sales were made at lower price…

ACIT v. CH. Krishna Murthy

Section 2(22)(e)

Where assessee was a director in M/s VCL and M/s SVBL and VCL had applied for shares in SVBL, but shares were, however, not allotted to VCL because of certain conditions and were allotted to assessee as per joint venture agreement…

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