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Raman Chopra v. DCIT

Section 271(1)(c)

Where assessee was an ordinarily resident and he was also a resident in USA during the same financial year and he claimed exemption in respect of salary earned in USA during the year citing article 16(1) of DTAA between India and USA…

ITO v. Bhat Metals

Section 37(1)

Expenditure incurred on furniture and fixture associated with working in furnance would not last long and would not provide enduring benefit, therefore, the expenditure towards procuring them would be revenue in nature…

CIT v. I Ifthiqar Ashiq

Section 54F

To attract the proviso under section 54F(1), the conditions stipulated in clause (a)(i) together with clause (b) should be satisfied. Since assessee had not own more than one residential house other than the new asset on the date of transfer…

ITO v. Illusion Dental Laboratory (P) Ltd.

Section 2(22)(e)

Since assessee was neither shareholder nor beneficial owner in the company who had provided loan to assessee, though, there was a common shareholding, AO was not justified in treating the same as deemed dividend under section 2(22)(e)…

Ujagar Holdings (P) Ltd. v. ITO

Section 147

Since the Revenue could not substantiate that any reasons were provided by AO to assessee whereas on the other hand, assessee had filed evidences in support of its claim of request for providing grounds of initiation…

ITO v. Kondal Reddy Mandal Reddy

Section 54F

Since assessee had invested total full value consideration shown as deemed consideration under section 50C, the deemed sale consideration under section 50C was to be adopted for allowing deduction under section 54F…

Lahoti Overseas Ltd. v. DCIT

Section 253(5)

Considering the reasons of delay, that the employee who was earlier handling tax matters of assessee, while leaving the job of assessee company, did not handover the relevant papers to assessee, delay was condoned…

Tata Teleservices Ltd. v. CBDT & Anr.

11 May, 2016

Instruction issued by CBDT to interpret section 143CID in such a way to prevent issuance of refund, through processing of return under section 143(1), where scrutiny proceedings were pending, was quashed, as it was not in accordance to the legislature…

Digital Radio (Delhi) Broadcasting Ltd. v. ACIT

Section 115JB

Provision for bad and doubtful debts is required to be added to book profit as per clause (i) of Explanation 1 to sub-section (2) of section 115JB as it results in diminution in the value of its assets, i.e., debt…

CIT v. Amol Agarwal

Section 145(3)

Where the books of account were presented along with supporting documents/vouchers, the AO could not reject such books without pointing out any specific defect(s)…

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