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Control Products v. CCE

Rule 9

Where there was no dispute regarding receipt of inputs and payment of duty on the final product and eligibility of assessee to avail of Cenvat credit on the duty paid on inputs, Cenvat credit on photocopy of the courier bill of entry…

Bank of India v. ACIT

13 July 2016

The capital issue expense was capital in nature and thus needs disallowance. The plea of the assessee was that the increase was mandatory to run the business due to capital adequacy norms of RBI…

Damodar Valley Corporation v. Dy. CIT

Section 32 r/w section 263

Company engaged in generation and distribution of electricity entitled to additional depreciation even prior to 1-4-2013 as stated in section 32(1)(iia) of Income Tax Act, 1961…

ITO v. Rajkumar B. Mutreja

Section 69C

Additions to income of assessee under section 69C on basis of information from Sales Tax Department without giving any opportunity to assessee and without application of mind on the documentary evidences supplied by him was not sustainable…

Mohit Kamboj v. ITO

Section 2(22)(e)

Amount credited to the remuneration and rent payable and withdrawals towards this be excluded in deemed dividend computation. Profits accrue only at the end of the year, so the current year profit also be excluded in computing deemed dividend.…

CCE v. Bharat Petroleum Corpn. Ltd.

Section 11A

Where difference in physical stock taking and book stock was operational loss caused due to natural causes, there was no willful act on the part of assessee and hence demand was unsustainable so as interest and penalty…

Pr. CIT v. D & H Enterprises

Section 68 r/w section 131

In case of payers of booking advances where assessee had produced details such as their names, PANs, IT returns and bank statement, merely because section 131 summons could not be served upon some parties and they did not appear…

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