Courts say.....

"The ultimate object of the Tribunal is to decide a lis/dispute between the revenue and assessee in accordance with law to ensure that justice is done. In the aid of ensuring that justice is done, the Tribunal cannot as a matter of practice bar any Advocates/representative from mentioning their matters before the Tribunal. If indeed this is so, the Tribunal must do away with such a practice. The mentioning of matters should be allowed by the Tribunal."

Bharat Petroleum Corporation Limited vs. ITAT (Bombay High Court)

DTRJ20131011

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Latest Income Tax Case Laws

Commissioner of Income Tax vs. Regional Kisan Gramin Bank., Mainpuri

Issue : Whether the Tribunal was justified in deleting the addition of Rs. 2,96,22,000/- made by the A.O. towards interest income on advances disbursed by the Bank?Synopsis : The assessee is a cooperative bank and is incorporated under the Regional Rural Bank Act, 1976. The accounts of the assessee… Read More

Assistant Commissioner of Income Tax vs. Shri Bhavin M. Dagli

Issue: 1. Whether the CIT(A) has erred in deleting the addition of Rs. 60,000/- on account of NSC maturity? 2. Whether the CIT(A) has erred in allowing the relief of Rs. 342,934/- out of addition of Rs. 407,238/- made on account of interest income from various SB Accounts? Read More

Commissioner of Income Tax vs. Cama Hotels Ltd.

Issue: Whether the assessee was entitled to depreciation on swimming pool at the rate of 33.33% treating it as plant and machinery?Synopsis: The assessee company is a private limited company engaged in running a hotel, Read More

Commissioner of Income Tax vs. Sandip Kiritbhai Patel

Issues : (1) Tax Appeal No. 501/2014 – A.Y. 2008-09: Whether the Tribunal was justified in not confirming the entire disallowance of commission expenses of Rs. 40,00,000/- made by the A.O. u/s 40A(2)(b)? Read More

Commissioner of Income Tax vs Shri Shriram Hiralal Soni

Issue: Whether the Tribunal was right in holding that the provisions of section 68 were not applicable in the facts and circumstances of the case?Synopsis: In this case, the revenue submitted before the Hon’ble High Court that this was a case where the provision in question, namely, Section 68 was… Read More

Assistant Commissioner of Income Tax vs. Bhupender Singh Talwar

Issue: Whether in the facts and circumstances of the case, the order of penalty under section 271(1)(c) was without jurisdiction, and was justifiably cancelled in appeal?Synopsis: The assessee an individual had filed his return of income for the AY under dispute on 28/08/2009 declaring income of… Read More

Commissioner of Income Tax vs. Shri Krishan Kumar, M/s. Super Cassettes Industries Ltd.

Issue: Whether the Royalty paid is Revenue Expenditure and should it be allowed as a deduction?Synopsis: The assessee has income from two proprietorship concerns; one, M/s. Krishna International and the other M/s. Shree Krishna Pictures. The business of M/s. Krishna International is manufacturing of Read More

Commissioner of Income Tax vs. M/s. Apex Agencies

Issue : Whether the Tribunal was justified in remitting the issue of disallowance of interest and finance charges back to the A.O. for fresh consideration without considering the issue on merits. Synopsis : The assessee is a trader in batteries, torch light and Read More

Narinder Kumar & Others vs. Commissioner of Income Tax

Issue: Vide the writ petition the assessee challenged the assessment order dated 28/02/2003 and the order of revision dated 2/12/2013 passed by the CIT. Synopsis: The assessees are partners of a firm M/s. Dewan Chand Dholan Das & Co. The assessee filed the return of income for A.Y. 2000-2001 on… Read More

Anand Chauhan and others Vs. Commissioner of Income Tax

Issue : Vide these Writ Petitions all the assessees challenged the order dated 14/7/2014 passed transferring their cases to DCIT, Central Circle, Chandigarh. Synopsis : Before the Hon’ble High Court, it was submitted by the assessees that prior to transfer of their cases, they were issued show… Read More

Most Read Income Tax Case Laws

12745

Commissioner of Income Tax vs. Himgiri Casting Pvt. Ltd.

in Section: 080IB
Commentary in Hindi Judgment Issue: Whether deduction u/s. 80-IB could be allowed when the assessee failed to furnish the Audit Report along with the Income tax return? Read More
6846

Director of Income Tax (Int. Tax.) vs. Western Geco International Ltd

in Section: 044BB
Commentary in Hindi Judgment Issue: Whether a proviso inserted after the relevant previous year can affect the application of the main section? Read More
2438

Hyosung Corporation Korea vs. Commissioner of Income Tax DR (AAR)

in Section: 245R
Commentary in English Commentary in Hindi Judgment Issue: Whether where the question raised in the application for advance ruling is pending adjudication before the assessing authority, the bar… Read More
2253

Director of Income Tax (Exemption) Vs. Raunaq Education Foundation

in Section: 080G
Issue: When is the credit for Post Dated Cheques to be given?Synopsis: On 07/01/2013, the Hon’ble Supreme Court settled the issue regarding the date of receiving a consideration by way of a… Read More
2178

Amul Research & Development Association vs. Income Tax Officer

in Section: 156
Commentary in English Commentary in Hindi Judgment Issue: Whether the AO was justified in reducing the time period of 30 days to 7 days u/s 220(1) and recover a sum of Rs. 1,39,00,000/- u/s 226(3)? Read More

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