FROM THE PACKAGE

ITO v. Orchid Griha Nirman (P.) Ltd.

Section 45(3)

Where land transferred to a firm as assessee’s capital contribution was recorded as current asset in the books of the firm and same was revalued after development thereof to reflect the current market value and to justify the bank finance…

ITO v. Veekay Medicos

Section 194H

Where assessee engaged in the business of SIM cards and rechargeable coupons, had paid discount to retailers and also customers and the payment was paid on principal-to-principal basis, AO was not justified in holding that TDS…

Amaltas Associates v. ITO

Section 148

AO having allowed section 80-IB deduction after making due enquiries and on receiving proper explanation, he could not reopen the assessment on the ground that a particular aspect had not been scrutinised…

Whistling Woods International Ltd v. ITO

Section 154

Where assessee failed to claim deduction of dividend income under section 10(35) and thereafter filed rectification application under section 154, AO ought to consider the application and should not take undue advantage of ignorance…

Mamatha Silk Centre v. Income Tax Officer

Section 145

Where addition was made for excess stock found in survey, CIT(A), on the facts of the case rightly considered discount of 30% against tag prices mentioned on the products as against 55% suggested by assessee…

Mahavir Spinning Mills Ltd. v. CIT & Anr.

Section 80HHC & Section 10B

Since section 80HHC did not expressly preclude assessee from availing of the deduction thereunder in the event of assessee having availed of the benefit of section 10B and the legislature also did not intend to deny assessee…

Mahindra & Mahindra Ltd v. CCE

Section 11B

The limitation for claiming refund resulting from an appellate decision would be from the date of the decision, and not from the date on which tax was originally paid…

Apollo Tyres Ltd. v. Dy. CIT

Section 201(1)

Where assessee, tax deductor, made provision at the year end without deducting tax at source as payees were not identifiable, assessee could not be said to be in default for non-deduction of tax…

Durr India (P.) Ltd. v. Asstt. CIT

Section 92C

Where international transactions entered into by assessee with its AE were closely linked to each other, a method of aggregation, which was more amenable to TNMM methodology, could be applied for determining ALP…

Niamat Mahroof Virji v. ITO

Section 54EC

Where assessee in respect of capital gains earned on sale of property had investment amount in REC bonds to claim section 54EC deduction, the period of six month had to be reckoned from the end of month in which property…

   Recent CaseLaws

  Select Product   

# by DOJ more...

   Latest Statutes

more...

   Tools