carnifex2ms Bookmarks zu judgments

Maintainability of Assesses claim for deduction U/...

http://taxguru.in/income-tax-case-laws/maintainabi...

Pidilite Industries Limited Vs DCIT (ITAT Mumbai) - Section 80-IA(5) provides that notwithstanding anything contained in provision of this Act, the profits and gains of an eligible business to which t...

: itat judgments

Interest paid on borrowed funds cannot be disallow...

http://taxguru.in/income-tax-case-laws/interest-pa...

Mid-Day Multimedia Ltd Vs Dy.CIT (ITAT Mumbai)- The provisions of rule 8D of the Rules which have been notified with effect from March 24, 2008, would apply with effect from assessment year 2008-09. E...

itat judgments

Depreciation can be allowed even if the machinery ...

http://taxguru.in/income-tax-case-laws/depreciatio...

ITO V/s. Tropicana Beverages Company (ITAT Delhi)- when it is established that the machinery on which depreciation has been claimed by the assessee, had been provided by the assessee to Dynamix for th...

itat judgments

Benefits of Ss 12A and 80G cannot be allowed if th...

http://taxguru.in/income-tax-case-laws/benefits-ss...

Society For The Small & Medium Exporters Vs DIT (ITAT Delhi)- in a case where the objects of the society may be charitable, but, in the absence of carrying on those activities despite the fact that th...

itat judgments

Payment for infringement of patent, being purely c...

http://taxguru.in/income-tax-case-laws/payment-inf...

Desiccant Rotors International Pvt. Ltd. Vs. CIT, Delhi (Delhi HC) – Payment made by the assessee on settlement of dispute with a company of USA being neither a fine or a penalty for a proved offenc...

high court judgments

Without physical verification, additions cannot be...

http://taxguru.in/income-tax-case-laws/physical-ve...

Ankur Cm Food Products (Guj) Ltd vs Dy.CIT (ITAT Rajkot)- Ground No.2 of appeal of revenue is in respect of deletion of addition of Rs.7,01,1 19 on account of excess stock of packing material. During ...

itat judgments

Whether when assessee company makes advances in fa...

http://taxguru.in/income-tax-case-laws/assessee-co...

ACIT Vs. Oxford Softeck Pvt. Ltd. (ITAT Delhi)- If it is supposed that all the conditions are fulfilled but then also the same cannot be added as income in the hands of the payer company as such amoun...

itat judgments

Board circular which provides that even the indire...

http://taxguru.in/income-tax-case-laws/board-circu...

Karntaka Power Transmission Corporation Ltd Vs DCIT (ITAT Bangalore) – Whether the expenditure incurred on repair and maintenance of residential quarters of the staff which were owned by the assesse...

itat judgments

Un-quantified and disputed ratable value as determ...

http://taxguru.in/income-tax-case-laws/unquantifie...

CIT Vs DCM Limited (Delhi HC)- Whether a mere proposal for enhancement of property tax would result in crystallization of liability qua that portion of rateable value which was sought to be enhanced....

: high court judgments

Ad hoc disallowance of foreign tour expenditure no...

http://taxguru.in/income-tax-case-laws/ad-hoc-disa...

Amit Jain Vs ITO (ITAT Kolkatta) - Assessee made a foreign trip to Roam, Dubai and Kathmandu and claimed expenses at Rs.1,45,151/-. Assessing Officer required the assessee to produce the evidence and...

itat judgments