Income Tax Judgements
Section 12AA, read with section 12A, of the Income-tax Act, 1961 - Charitable or religious trust - Registration procedure - Whether it is mandatory for Commissioner to dispose of application for registration under section 12A within six months from e
Section 5, read with sections 28(v) and 145, of the Income-tax Act, 1961
Ravikumar.G 04 October 2007 at 16:20
Section 5, read with sections 28(v) and 145, of the Income-tax Act, 1961 - Income - Accrual of - Assessment years 1998-99 to 2002-03 - Whether mere withdrawal by partners cannot be considered to be a method of accounting and amount, which is made unc
Section 80 IA ::
CA.Saibaburao Nanduri 02 October 2007 at 15:58
Held by the Hon`ble Court that, in the absence of any definition of the word manufacture one should appreciate the meaning as commonly understood by a reasonable person, form this point of view conversion of blank disc to a software loaded disc is cl
No re-assessment proceedings can be initiated so long as assessment proceedings are pending
CA Nikita 02 October 2007 at 14:17
Deduction u/s 80HHC can be allowed only if there is a positive profit
CA Nikita 30 September 2007 at 13:40
THIS is a rare case where the assessee lost consistently at all stages from AO, through, Commissioner (Appeals), ITAT, High Court and now the Supreme Court. For the assessment year 1992-93, the assessee appellant had claimed deduction under
Block assessment - notice u/s 158BC(a) cannot be equated with that of notice u/s 148
CA Nikita 30 September 2007 at 13:40
Block assessment - notice u/s 158BC(a) cannot be equated with that of notice u/s 148; Defects in notice protected under umbrella of Sec 292B : Bombay HC
Section 147 ::
CA.Saibaburao Nanduri 29 September 2007 at 19:48
Held by the Hon`ble Bench that, the scope of section 147 of Income-tax Act, is not for reversing the earlier order suo motu. Therefore reassessment is not permissible on the basis of change of opinion.
Can double benefits u/s 10B and Sec 80HHC be allowed on exports of same goods?
CA Nikita 28 September 2007 at 15:05
Can double benefits u/s 10B and Sec 80HHC be allowed on exports of same goods? - Can Revenue deny Sec 80HHC benefits if exports are made from third country? - Tribunal says YES in first case and NO in second
Need for notice u/s 143(2) cannot be dispensed with in a case where AO proceeds
CA Nikita 28 September 2007 at 14:27
Need for notice u/s 143(2) cannot be dispensed with in a case where AO proceeds to make inquiry for assessment, and determination of taxes payable after issuing notice u/s 143(1) as well : ITAT
Block Assessment ::
CA.Saibaburao Nanduri 28 September 2007 at 11:04
Held by the Hon`ble Court that, nothing was produced before Tribunal and Court, therefore A.O. relied on some non existent material and the addition made by him is set aside
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