Judgements and Orders, Supreme Court and High courts of India
BHC in Prasad Agents Private Limited
Sanjeev Jain 25 June 2009 at 17:15
(engaged in trading of shares etc): for the first time, in context of explanation to section 73 of the Act (dealing with classification of loss arising from sale/purchase of shares in hands of a company assessee as speculative loss).
BHC in Cartini India Limited
Sanjeev Jain 25 June 2009 at 17:15
BHC in context of reopening within four years (not covered by proviso to section 147), held that AO cannot form a prima facie opinion that deduction is not allowable and accordingly reopen the assessment on the ground that income chargeable to tax ha
section 254/income-tax act
Member (Account Deleted) 25 June 2009 at 17:15
Section 254, read with section 201, of the Income-tax Act, 1961 - Appellate Tribunal - Powers of - Assessment years 1994-95 to 2000-01 - Tribunal, by order dated 30-11-2005, held that once revenue had collected tax in respect of impugned payments mad
Busy, fails to file IT Returns-Unavoidable Circumstances
Sourabh Sharma 11 June 2009 at 13:50
Laptops of Auditors seized during search of an assessee
Kedar Pande 11 June 2009 at 13:50
Laptops of Auditors seized during search of an assessee – Income Tax Department cannot force auditors to part with information of other parties stored in computers: Delhi HC
Section 37(1) of the Income-tax Act, 1961
Member (Account Deleted) 11 June 2009 at 13:50
Section 142A, read with section 143, of the Income-tax Act,
Member (Account Deleted) 11 June 2009 at 13:50
Section 447 of the Companies Act, 1956 - Winding up
Member (Account Deleted) 11 June 2009 at 13:50
JUDGEMENT ON COMPANIES ACT
Sumit Jain 26 May 2009 at 14:15
IN THE HIGH COURT OF DELHI AT NEW DELHI SUBJECT : COMPANIES ACT Crl.M.C. 23/2005 Date of decision : 05.05.2009
Depreciation on Motor Vehicles
CA.Tarun Maheshwari 26 May 2009 at 14:15
Depreciation — Higher depreciation could not be allowed on the motor trucks used in business of running them on hire, unless there is an evidence that the assessee was in the business of hiring out motor vehicles.
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