Asstt. CIT v. Metallizing Equipment Co. (P) Ltd.

  Section 32(o)(iia)   Direct Taxes

Setting up of a windmill has nothing to do with the power industry. Also, windmills were considered as eligible for additional depreciation under section 32(1)(iia) even prior to assessment year…

Dy. CIT v. Riar Builders (P) Ltd.

  Section 69B   Direct Taxes

Invocation of section 69B on the basis of documents seized from an unrelated party leading to assumption that there was understatement of investment was not justified without AO recording a…

Iqbal Ahmed Khalil Ahmed Subedar v. ITO

  Section 40A(3)   Direct Taxes

Even if accounts were rejected under section 145(3), AO could estimate income of assessee by taking recourse to section 40A(3) which has an overriding effect over section 145(3) read with…

ACIT v. Geoconsult-Rites NRT 1JV

  Section 40(a)(ia)   Direct Taxes

Where assessee AOP reimbursed the amount of manpower cost incurred by JV members as per agreement entered between them, AO was not justified in treating it as sub-contract and thereby…

Plastiblends India Ltd. v. Addl. CIT

  Section 80-IA   Direct Taxes

Non-reduction of depreciation allowance while arriving at profits eligible for deduction under section 80-IA, would allow the assessee to inflate the profits linked incentive provided under the…

Asstt. CIT v. Development Board

  Section 244A(1)(b)   Direct Taxes

Interest paid in pursuance of an order under section 234B was to be regarded as forming part of tax or an adjunct to income-tax and assessee would be entitled to interest on the refund of interest…

Dy. CIT (Exemption) v. GS 1 India

  Section 11   Direct Taxes

Activity of importing, developing and distributing of Bar Code technology to be used by various manufacturers and industries was duly covered under section 2(15) and, therefore, assessee-…

CIT v. A.R. Trust

  Section 12AA   Direct Taxes

For the registration of a trust under section 12AA, the authorities have to satisfy about genuineness of the activities of the trust and the manner in which its income is applied for charitable or…

Sabh Infrastructure Ltd. v. Asstt. CIT

  Section 148   Direct Taxes

Reassessment notice on account of information emanating from investigation wing, however without making further inquiry into the matter, was based on mere conjectures and surmises and,…

Hitech Analytical Services v. Pr. CIT

  Section 264   Direct Taxes

Where revision petition was filed by assessee in respect of its individual and also for firm’s return to claim expenses in firm’s return which were claimed in its personal return, CIT was not…

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